{"id":7417,"date":"2020-03-20T15:41:00","date_gmt":"2020-03-20T15:41:00","guid":{"rendered":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/?p=7417"},"modified":"2024-04-13T15:12:17","modified_gmt":"2024-04-13T14:12:17","slug":"self-assessment-guidance-for-company-directors-and-shareholders","status":"publish","type":"post","link":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/self-assessment-guidance-for-company-directors-and-shareholders\/","title":{"rendered":"Self Assessment guidance for company directors and shareholders"},"content":{"rendered":"
\n Last updated: 13 Apr 2024<\/strong>\n <\/div>\n \n

Self Assessment is an HMRC system used by the self-employed and other individuals to calculate, report, and pay Income Tax and National Insurance contributions on earnings that are not taxed ‘at source’ through PAYE.<\/p>\n

Most company directors and shareholders are required to register for Self Assessment and file personal tax returns with HMRC after the end of each tax year. Self Assessment registration, filings, and payments can all be carried out online.<\/p>\n

Do I need to register for Self Assessment?<\/h3>\n

Those who are required to register for Self Assessment<\/a>, file their own personal tax returns, and pay Income Tax and National Insurance contributions through Self Assessment include:<\/p>\n