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Self Employed Tax Return Example. The self-employed usually need to file a Self Assessment tax return each year. This is true whether you're a sole trader, are in a business partnership or run a limited company.
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An adjustment to income of one-half of a taxpayer's self-employment tax decreases the income that is subject to income tax. The HMRC Self Assessment process can seem complicated at first, especially as the government often likes making changes to self-employed tax. How to fill in a Self Assessment tax return.