UK Act of Parliament 1970 United Kingdom

Taxes Management Act 1970

What this means for your business

49 guides
Enforced by
HMRC
Applies to
United Kingdom
On this page
49 practical guides across 5 topics
Read full text on legislation.gov.uk

Practical guidance

Our guides explain how to comply with the requirements above.

Tax & Finance 35

Register as self-employed with HMRC

How to register for Self Assessment as a sole trader, get your Unique Taxpayer Reference (UTR), and understand …

Set up as a sole trader

How to register as self-employed and start trading as a sole trader.

Understand Self Assessment supplementary pages

Reference guide to all SA100 supplementary pages. Find out which pages you need to complete, what each one …

Correct your Self Assessment return

How to amend your Self Assessment return within the 12-month window, claim overpayments after the window closes, and …

Corporation Tax basics

Understanding and paying Corporation Tax.

File your Company Tax Return (CT600)

How to file your Company Tax Return (CT600) including deadlines, payment requirements, iXBRL tagging, and quarterly instalment rules …

Corporation tax loss relief

How to use trading losses to reduce your company's corporation tax bill. Covers carry-back, carry-forward, group relief, terminal …

Corporation tax rates and small profits relief

Understanding the Corporation Tax rate structure following Finance Act 2022 changes. Covers the 25% main rate, 19% small …

Pay National Insurance when self-employed

How to pay Class 2 and Class 4 National Insurance contributions when you're self-employed. Covers current rates, thresholds, …

Prepare for Making Tax Digital

How to get ready for Making Tax Digital for Income Tax, including when you must join, what software …

Report capital gains on your Self Assessment

How to report capital gains using SA108, including the annual exempt amount, CGT rates, the 60-day residential property …

Understanding HMRC enquiries

What happens during an HMRC enquiry and how to respond. Covers types of enquiries, time limits, discovery assessments, …

Register for Self Assessment

When and how to register for Self Assessment tax.

Filing your Self Assessment tax return

Who must file a Self Assessment return, how to complete and submit it, what expenses you can claim, …

Claim business expenses as a sole trader

How to claim allowable expenses to reduce your tax bill, including simplified expenses options for vehicles, working from …

How taxes work for limited companies

Understanding Corporation Tax, VAT, PAYE, and Self Assessment - how they interconnect and your obligations to Companies House …

Pay your Self Assessment tax bill

How to pay your Self Assessment tax bill, including payment methods, payments on account, Budget Payment Plan, and …

File your Self Assessment tax return

Step-by-step guidance for sole traders on completing and submitting your Self Assessment tax return to HMRC, including key …

Report property income on your Self Assessment

How to report rental income on your Self Assessment using SA105 - allowable expenses, mortgage interest restriction, property …

Get your Unique Taxpayer Reference (UTR)

How to get a UTR number for Self Assessment. Covers registration for sole traders and partnerships, delivery timelines, …

Avoid Self Assessment penalties

Complete guide to Self Assessment penalties - how late filing charges escalate from a £100 fixed penalty to …

Use the trading allowance

When to use the £1,000 trading allowance versus claiming actual expenses. Includes eligibility rules, relief types, and the …

Corporation Tax annual compliance checklist

Year-end checklist to verify your Corporation Tax compliance is complete.

Plan your Corporation Tax payments

How to pay Corporation Tax on time, including quarterly instalments for large companies and Time to Pay arrangements.

Keep business records as a sole trader

What records you must keep as a sole trader, how long to retain them, and how to prepare …

VAT registration

When and how to register for VAT, including mandatory and voluntary registration, what counts as taxable turnover, registration …

Register your company for Corporation Tax

Step-by-step Corporation Tax registration for new companies.

PAYE year-end tasks

What employers must do at the end of the tax year for PAYE compliance.

Prepare for an HMRC PAYE compliance check

What to expect and how to prepare when HMRC reviews your PAYE records.

Report expenses and benefits (P11D)

How to report taxable benefits in kind to HMRC, including company cars, medical insurance, loans, and share schemes. …

Organising your business finances

Essential financial management practices - bank accounts, bookkeeping, and record keeping.

Go full-time with your business

Practical guidance for transitioning from employment to full-time self-employment. Covers financial preparation, legal obligations, tax registration, replacing employer …

Close your PAYE scheme

How to permanently close your PAYE scheme with HMRC, including final FPS submission, issuing P45s to all employees, …

File your final Self Assessment return

How to file your final Self Assessment tax return when you stop being self-employed. Covers deadlines, tax calculations, …

Handle an HMRC Self Assessment enquiry

What happens when HMRC opens an enquiry into your Self Assessment return, what triggers one, your rights, how …

Sections and provisions

330 classified provisions from this legislation.

28 Duties 26 Offences and penalties 39 Powers 36 Definitions 37 Exemptions

Duties 28

  • s.1 Responsibility for certain taxes
  • s.12B Records to be kept for purposes of returns.
  • s.12ABZA Partnership returns: overseas partners in investment partnerships etc
  • s.12AB Partnership return to include partnership statement.
  • s.28A Completion of enquiry into personal or trustee return ...
  • s.28ZE Effect of determination
  • s.30A Assessing procedure.
  • s.31A Appeals: notice of appeal
  • s.32 Double assessment.
  • s.43D Claims for double taxation relief in relation to petroleum revenue tax
  • s.46D Questions to be determined by the relevant tribunal.
  • s.47B Special jurisdiction relating to Business Expansion Scheme.
  • s.49B Appellant requires review by HMRC
  • s.49E Nature of review etc person in seeking
  • s.49 Late notice of appeal HMRC
  • s.50 Procedure.
  • s.55 Recovery of tax not postponed.
  • s.60 Issue of demand notes and receipts.
  • s.71 Bodies of persons.
  • s.74 Personal representatives.
  • ... and 8 more duties

Offences and penalties 26

  • s.20BB Falsification etc. of documents.
  • s.49FA Effect of conclusions of review: penalties under Schedule 24 to FA 2021
  • s.49EA Nature of review: penalties under Schedule 24 to FA 2021
  • s.53 Appeals against summary determination of penalties.
  • s.97A Two or more tax-geared penalties in respect of the same tax.
  • s.98B UK Economic Interest Groupings and European Economic Interest Groupings.
  • s.98C Notification under Part 7 of Finance Act 2004
  • s.98A Special penalties in the case of certain returns.
  • s.99B Declarations under Chapter 2 of Part 15 of ITA 2007
  • s.99A Certificates of non-liability to income tax.
  • s.101 Evidence for purposes of proceedings relating to penalties.
  • s.102 Mitigation of penalties.
  • s.103 Time limits for penalties.
  • s.103ZA Disapplication of sections 100 to 103 in the case of certain penalties
  • s.103A Interest on penalties.
  • s.106D Offence of making inaccurate return
  • s.106E Exclusions from offences under sections 106B to 106D
  • s.106B Offence of failing to give notice of being chargeable to tax
  • s.106C Offence of failing to deliver return
  • s.106A Offence of fraudulent evasion of income tax
  • ... and 6 more offences and penalties

Powers 39

  • s.9ZB Correction of personal or trustee return by Revenue
  • s.9ZA Amendment of personal or trustee return by taxpayer
  • s.11AB Power to enquire into return of profits.
  • s.12ABB Correction of partnership return by Revenue
  • s.12A UK Economic Interest Groupings and European Economic Interest Groupings.
  • s.12ADA AIFM firms
  • s.18B Savings income: regulations about European and international aspects
  • s.18D Content of regulations under section 18B: supplementary provision
  • s.19A Power to call for documents for purposes of certain enquiries.
  • s.20A Power to call for papers of tax accountant.
  • s.20 Power to call for documents of taxpayer and others.
  • s.20BA Orders for the delivery of documents.
  • s.23 Power to obtain copies of registers of securities.
  • s.24 Power to obtain information as to income from securities.
  • s.28ZB Withdrawal of notice of referral
  • s.28J Power to withdraw a simple assessment
  • s.28C Determination of tax where no return delivered.
  • s.30AA Assessing income tax on trustees and personal representatives
  • s.34 Ordinary time limit of 4 years.
  • s.35 Time limit: income received after year for which it is assessable
  • ... and 19 more powers

Definitions 36

  • s.7 Notice of liability to income tax and capital gains tax. the notification period
  • s.8C Returns so far as relating to capital gains tax
  • s.8ZA Interpretation of section 8(4A)
  • s.9C Amendment of self-assessment during enquiry to prevent loss of tax
  • s.9 Returns to include self-assessment.
  • s.12ZA Interpretation of sections 12ZB to 12ZN
  • s.12AA Partnership return. relevant period partnership return relevant partner
  • s.18C Regulations under section 18B: provision about “paying agents” paying agents relevant payees
  • s.18E Interpretation of sections 18B to 18D: “prescribed” etc prescribed
  • s.20D Interpretation of ss.20 to 20C.
  • s.28ZA Referral of questions during enquiry the taxpayer
  • s.28ZD Effect of referral on enquiry
  • s.36A Loss of tax involving offshore matter or offshore transfer relevant date relevant overseas information assets
  • s.43F Effect of directions under section 43E
  • s.43A Further assessments: claims etc.
  • s.47C Meaning of tribunal tribunal
  • s.48 Application to appeals and other proceedings
  • s.49I Interpretation of sections 49A to 49H matter in question
  • s.54C Interpretation of sections 54A and 54B: “appropriate officer” etc the appropriate officer
  • s.59H Balancing of instalments for the purposes of section 59G
  • ... and 16 more definitions

Exemptions 37

  • s.8 Personal return.
  • s.8B Withdrawal by HMRC of notice under section 8 or 8A
  • s.8A Trustee’s return.
  • s.12AAA Withdrawal by HMRC of notice under section 12AA
  • s.28H Simple assessments by HMRC : personal assessments
  • s.28I Simple assessments by HMRC : trustees
  • s.29 Assessment where loss of tax discovered.
  • s.30 Recovery of overpayment of tax, etc.
  • s.31 Appeals: right of appeal
  • s.31AA Taxpayer's right to query simple assessment
  • s.42 Procedure for making claims etc.
  • s.43B Limits on application of section 43A.
  • s.43E Making of income tax claims by electronic communications etc
  • s.49C HMRC offer review
  • s.49F Effect of conclusions of review
  • s.54 Settling of appeals by agreement.
  • s.54A No questioning in appeal of amounts of certain social security income
  • s.56 Payment of tax where there is a further appeal
  • s.59A Payments on account of income tax.
  • s.59G Managed payment plans
  • ... and 17 more exemptions

Legislative context

Secondary legislation (6)