Commentary

E1.204 Requirement to make a self assessment

Personal and employment tax

E1.204 Requirement to make a self assessment

E1.204 Requirement to make a self assessment

Assessments to income tax and capital gains tax are self assessments based on information shown in the return made under TMA 1970, ss 8 or 8A. See E1.210–E1.212. The assessment on a self-employed individual (including a partner) includes Class 2 and Class 4 national insurance contributions, which are treated as if they are income tax. See E1.201A.

For any given tax year, there is only one self assessment in respect of a particular individual, regardless of the number or type of sources of income. The self assessment (ie the tax calculation) consists of two components1:

  1.  

    (a)     the total amount of income tax and capital gains tax to which the person is liable for that tax

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