Self-assessment is tax returns for the individuals and sole traders who earned anything other than the full-time job commission. Essentially all of the self-assessment tax returns can be done and submitted online via HMRC.

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The filing deadline is the 31st of January next year. The period in which an individual has to submit the form starts on the 6th of April. This means that the tax period starts on the 6th of April 2019, for example, and finishes on the 5th of April 2020. In this case, the self-employed or sole trader has to submit the self-assessment tax return by the 31st of January 2021.

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Every individual can submit the self-assessment tax return online and via HMRC directly. Be careful and make sure you are not only preparing your self-assessment correctly but also paying all the taxes required. It is always the best to seek advice from the professional services, from the accountant or bookkeeper. Persona Finance Ltd always aims to help with preparing tax returns online and filing in your self-assessments for you.