Self Assessment Tax Returns

­Each Tax Return comprises a main part followed by a certain number of sections, depending on how the income arises. SamsTax is concerned with income from self-employment and there is a section provided in the Tax Return for both income and expenses to be summarised.

SamsTax provides an easy and accurate means of calculating these amounts, particularly as each category of self-employment will have its own version of income and expenditure account headings to follow. Up until now, Tax Returns needed to be submitted by 31st January following the end of the tax year, but in 2008 the filing rules are changing. Online filing will continue to be permitted up to 31st January deadline, but if you are submitting the actual forms issued to you by HM Revenue & Customs (HMRC), these must reach your tax office by 31st October, some 3 months earlier. Filing online requires a tax reference which will only be issued to registered taxpayers. The filing process can then be carried out via the HMRC website after you have additionally registered for this service.

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