Q&A: What to do if you’re new to completing Self Assessment tax returns

You’ve just started your new business as a self-employed professional or sole trader. You’re making money and receiving an income but how do you pay Income Tax and National Insurance? The answer is Self Assessment and submitting a tax return once a year. Jashoda Pindoria from HM Revenue and Customs (HMRC) explains what Self Assessment is and what you may need to do.