What is an SA1 Form?
If you need to register for the self-assessment but are not self-employed, you can use the postal form SA1 or register for the self-assessment online.
What is an SA1 Form?
An SA1 is a form issued by the HMRC for people who need to register for self-assessment because they have to complete a tax return, with the exception of people who register as self-employed.
The Reasons Why People Must Complete An SA1 Form Are:
● Directors who receive tax-free income, such as dividends;
● Landlords who receive rental income;
● People with income over £ 100,000;
● People who have to pay the contribution to the benefit for children with high income.
Where Can I Find An SA1 Form Online?
The easiest way to complete an SA1 form is to go to the GOV website online here. You will need a personal tax account to complete the form, but you will be prompted to set one up or log into the existing one before accessing the form.
How to Fill Out an SA1 Form
Registering with HMRC becomes easier when you have the necessary information on hand. This is what you need:
● date of birth
● British address
● National insurance number
● Phone number
● Email address
When completing the SA1 form, you must confirm the reason for registering for the self-assessment and the reason for completing a tax return.
Why Do I Have To Register For A Self-Assessment If I Am Not Self-Employed?
The HMRC needs to know all of a person's income in order to verify the amount of tax they owe. Even if you are not self-employed, you may need to register for the self-assessment for another reason, such as:
● Declare money received in dividend payments as a shareholder or director of the company.
● For income received from UK land or real estate.
● Because you have taxable foreign income in excess of £ 300 a year.
● Withholding of taxes to be paid.
● You earn more than € 100,000 per year.
● If your income exceeds £ 50,000 and you receive a child benefit.
If you are registering for the self-assessment and are not self-employed, HMRC needs to know why you are registering. Each year, HMRC will adjust your tax return so that you only complete the relevant sections.
When applying online, answer the questions to confirm which sections you must complete. When filing a paper tax return, you must ensure that you complete all the relevant forms.
What Happens After Submitting An SA1 Form?
Once you have registered, HMRC will send you a Unique Taxpayer Reference (UTR) number. You must file an annual self-assessment tax return every year, unless your situation changes. If it changes and you no longer need to submit a self-assessment, please let HMRC know so they can update your record.