HMRC expects everyone who has been sent a ‘Notice to File’ to submit a Self Assessment.

In theory they will only send a Notice to File to people who need to submit one, however you may need to update their records.

People who need to submit a Self Assessment are:

• Sole Traders

• Members of a Partnership

• Anyone with income above £100k

• Anyone with income that has not been taxed at source (eg trading income, dividend income, rental income, Capital Gains)*

• Anyone liable for Higher Income Child Benefit Charge

If you have received a Notice to File and do not fall into any of the categories above, a call to HMRC can get the Notice to File cancelled.

If you fall into the categories above and have not received a Notice to File, it is your duty to inform HMRC that you need to declare income via Self Assessment. Failing to notify HMRC can result in a fine.

*Income taxed at source is usually only PAYE and interest income.