In Britain, self-assessment refers to a system for paying tax in which people have to fill in an official form giving details of how much money they have earned in the previous year.
self-assessment in British English
noun
1.
an evaluation of one's own abilities and failings
2. finance
a system to enable taxpayers to assess their own tax liabilities
Examples of 'self-assessment' in a sentence
self-assessment
The self-assessment tax system is far too complex.
Times, Sunday Times (2006)
What about my last self-assessment tax return?
Times, Sunday Times (2012)
Officials are still going through the self-assessment forms and other evidence.
Times, Sunday Times (2012)
Its call centres already handle all inquiries about self-assessment and tax credits.
Times, Sunday Times (2012)
This will involve filling out a self-assessment tax return.
Times, Sunday Times (2012)
Everybody who files a self-assessment form is a potential target.
Times, Sunday Times (2006)
This can then be deducted from your personal income tax liability on your self-assessment tax return.
Times, Sunday Times (2014)
This can be done using a self-assessment tax return.
Times, Sunday Times (2016)
The benefit is paid back as a tax charge through a self-assessment tax return.
Times, Sunday Times (2013)
This means the employee will have to declare it on his self-assessment tax return and be taxed accordingly.
Times, Sunday Times (2006)
January is also a month that always sees unusually strong receipts as taxpayers hit the self-assessment returns deadline.
Times, Sunday Times (2013)
They will also have to complete a tax return because the dividend tax is paid through the self-assessment system.
Times, Sunday Times (2016)
If you have declared the bank interest you earn through your self-assessment form and paid any tax due you should be fine.
Times, Sunday Times (2007)
The size of the loss can be claimed as a deduction on your self-assessment form and is paid back when the film makes a profit.
Times, Sunday Times (2010)
Instead, the government will consult on clawing back the tax relief through the self-assessment system.
Times, Sunday Times (2009)
Banks say that some people still prefer to have an offshore account because the interest can roll up gross until their self-assessment tax payment becomes due.
Times, Sunday Times (2008)
Around 500,000 more people will have to complete self-assessment tax returns as aresult of the changes.
Times, Sunday Times (2012)
While completing your self-assessment form, check your tax code.