Commentary

E1.201 Introduction to self assessment

Personal and employment tax

E1.201 Introduction to self assessment

Division E1.2     Self assessment

Reviewed by
ANDREW FLINT,

MA (Cantab), CTA

Overview of self assessment

E1.201 Introduction to self assessment

For the latest New Development, see ND.1939.

Income tax, capital gains tax and corporation tax are administered under a system of self assessment. For commentary on corporation tax self assessment, see Division D1.13.

The statutory framework of the income tax self assessment system is set out in FA 1994, although there have been substantial tranches of further legislation in subsequent Finance Acts including, in particular, a detailed overhaul in FA 20011.

Many individuals who pay income tax are not affected by self assessment, in particular

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