SATRs are becoming increasingly complex even though HMRC may still insist that “tax isn’t taxing”.
What is a Self Assessment Tax Return?
Self Assessment Tax Return, or SATR, is a system used by HM Revenue & Customs (HMRC) to collect Income Tax.
Wages, pensions and savings typically all have tax automatically deducted from them. Businesses and individuals having other income need to report it in a tax return.
If you are required to send in a tax return, you must complete the SATR following the end of the tax year it applies to.