If you are not a big fan of filing taxes, then tax return time may be very stressful for you. And in this stress, you are likely to make a few errors that can lead to heavy penalties from HMRC. Thus, here are the 5 biggest mistakes that you need to avoid when filing taxes if you are self-employed:- Not getting registered with HMRC for Self Assessment:- You must register with HMRC if you earn more than £1,000 from one or more activities. People frequently mistake this for the basic personal allowance, believing that they are exempt from registering ...Read more
