What is Self Assessment tax in the UK?

added blog Science and Technology

2025-12-23 10:50:50 -

The practical meaning of Self Assessment tax in the UK Self Assessment tax in the UK is not a separate tax. It is the system HMRC uses to collect Income Tax and Capital Gains Tax from people whose income is not fully taxed through PAYE. This distinction is crucial, because many taxpayers mistakenly believe Self Assessment applies only to the self-employed. In practice, it applies to a much...

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