Self Assessment tax returns  

HMRC uses the Self Assessment system to collect taxIncome Tax from individuals on income that is duenot ontaxed through PAYE, such as dividends, self-employment income or other thansources wagesof anduntaxed pensions.  income.

Directors and Self Assessment  

Directors As a company director, you may need to complete and submit a Self Assessment tax return inreturn. someThis circumstances,may includingapply where:  if, for example:

• you receive dividends 

  dividends from the company

• you have any other untaxed income in addition to your director’s salary

If you are not sure whether you need to complete a Self Assessment, Assessment tax return, you can check online.online   . 

It is important to ensuremake sure you arepay payingthe allcorrect relevanttax taxeson in respect of any incomeincome, benefits or benefitsother payments received from the company you are a director of.company.

If you do not submit a Self Assessment tax return when this is required, or you fail to pay any tax duedue. -HMRC may charge interest and penalties. They can take further action to recover unpaid tax, including applying for your bankruptcy.

If you mayare havemade bankrupt, you cannot act as a company director without permission from Court.

If you need help completing your tax return or are struggling to pay interestyour anddebts, penaltyyou charges. should seek independent professional advice.

FullFor more information, see HMRC’s full guidance on Self Assessment is.

Go availableback fromto HMRC.the director information hub homepage.

Help us to improve the director information hub by completing a short feedback survey.