MTA Explains Self-Assessment 2026 and Why HMRC Already Knows Your Tax Bill in the UK скачать в хорошем качестве

MTA Explains Self-Assessment 2026 and Why HMRC Already Knows Your Tax Bill in the UK

Many UK taxpayers are surprised to learn that HMRC often already knows a large part of their tax position before a Self-Assessment return is submitted. In this video, MTA (My Tax Accountant) explains Self-Assessment in 2026, how HMRC pre-populates and estimates tax liabilities, and why the idea of “telling HMRC your income for the first time” is largely outdated under the 2025-26 tax framework. MTA breaks down how HMRC gathers data from employers, banks, pension providers, digital platforms, letting agents, and overseas authorities. The video explains how PAYE data, interest reports, dividend information, property income, and platform earnings are increasingly matched against Self-Assessment returns, allowing HMRC to flag discrepancies quickly. MTA also explains why pre-filled tax information does not mean your tax return is correct by default. The video highlights common gaps, including missing expenses, reliefs, capital gains, foreign income, and adjustments that HMRC systems cannot calculate accurately without taxpayer input. Many UK taxpayers overpay tax simply because they assume HMRC’s figures are final. The wider implications are also explored. Under the 2025-26 compliance environment, HMRC’s growing data visibility means errors are easier to detect, but it also means correct reporting is more important than ever. Incorrect Self-Assessment submissions can lead to penalties, interest, and extended enquiries. In some cases, inconsistencies in reported income can later affect Excepted Estates and Inheritance Tax calculations where historic income and assets are reviewed. MTA explains common myths, such as believing HMRC cannot see side income, assuming small discrepancies are ignored, or thinking late corrections are harmless. Practical guidance is provided on how to review HMRC data, complete Self-Assessment accurately, and reduce the risk of enquiries while ensuring you do not pay more tax than required. This video is tailored exclusively for UK taxpayers searching for clarity on Self-Assessment 2026, HMRC data matching, pre-filled tax returns, and compliance risks in 2025-26. Whether you are self-employed, a landlord, a director, or have multiple income streams, understanding how HMRC already knows your tax position is essential. For personalised advice on Self-Assessment, tax calculations, or wider tax planning for 2025-26, contact MTA (My Tax Accountant): Phone: 0208 5708531 Email: [email protected] Website: mytaxaccountant.co.uk Disclaimer This video is for general information only and does not constitute tax, legal, or financial advice. MTA (My Tax Accountant) aims to provide accurate and up-to-date guidance, but HMRC systems, data sources, and tax rules can change and depend on individual circumstances. Viewers should seek personalised professional advice before taking action. MTA accepts no liability for any loss arising from reliance on this content. Hashtags #UKTax #SelfAssessment2026 #HMRC #TaxReturnUK #MTATax #UKTaxpayers #HMRCData #IncomeTaxUK #SelfAssessmentUK #TaxComplianceUK #InheritanceTax2025 #ExceptedEstates #HMRCUpdates #UKAccountant