TX Topic Explainer: Self Assessment on Individuals

[@user-bc2yl4og4r]

This was very helpful thank you!!!!

[@rogergitonga4983]

Most welcome 🙏🏽

[@GBScorpion716]

roger bro these dates give me headics real one eaven when am working on long or short period questions i feel like am lost in time machine dont know what to do 👿😡🤬

[@rogergitonga4983]

I do appreciate that self assessment can be quite something especially if you are trying to get everything in the last minute. Don't you worry, you don't need to cram everything. Understand the dates for filing, their penalties, the dates for payments, and their interest and penalty and HMRC powers and you are good to go. Self Assessment takes about 6%-10% of the paper, so if you are also strong in other tax areas, you can still do well. In any jurisdiction, tax dates are important for an accountant to know so that their company or their client avoids penalties or interest on overdue payments.

[@ilkinmusayev2906]

I am definitely not gonna remember all of that

[@rogergitonga4983]

Hello Ilkin, Glad to see you here. I remember you were with us in AA in March. For Self Assessment, I appreciate that the days are few and the content is much. I appreciate that you will not be tested everything from the video I did, but you can capture a few things, and I am sure that will save you at least 4 marks 😃 All the best in your exam.

[@ilkinmusayev2906]

@@rogergitonga4983 Hi Roger, it’s very nice and motivating when you respond to comments, thanks for that! You are absolutely right, in March, I passed the AA exam successfully thanks to your tutorials as well. And now after your respond, I’ll definitely rewatch this video a couple of times to get the best out of it for my upcoming TX exam )

[@rogergitonga4983]

@@ilkinmusayev2906 anytime! 🙏🏽 I am happy for you on your AA performance! You are a bright chap, you will do well, I am sure!!

[@ilkinmusayev2906]

​@rogergitonga4983 hey hey hey how are u doing? Passed TX UK with 56 marks ) thanks for ur insights and support and have a good day!

[@GBScorpion716]

and yeah for question these type i onle know one thing paper return 31oct2024 online return 31jan 2025 what ever time fame they ask in the question 🤣

[@lloydchapatali5979]

Massive