Whether engaging in commercial trade or simply working and living in the UK, you may encounter an audit by HM Revenue and Customs (HMRC), as tax inspections are often conducted routinely.

When living and working in the UK, most people associate October with two familiar events: the clocks going back for winter time and Halloween. But there is something far more important than ‘trick or treat’ for many – the critical deadline for self-assessment tax registration. Most employees in the UK pay tax automatically through the PAYE system.

Today, we provide a guide detailing who must register for a self-assessment tax return, deadlines, and associated penalties.

If you plan to invest in property in the UK for rental business or want to temporarily rent out a vacant property, you must report income!