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First-Time Self Assessment: register & records checklist

Everything a first-time sole trader or landlord needs to register by 5 October and get records ready for January

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A plain-English, step-by-step checklist for anyone filing Self Assessment for the first time as a sole trader, side-hustler or landlord — covering the 5 October registration deadline, exactly how to register, and full record-keeping lists so January's tax return is straightforward rather than stressful.

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Questions

I already registered years ago but haven't filed since. Do I need to register again?

Probably not — you likely already have a UTR. Check old HMRC letters or your Personal Tax Account before applying, as registering again can create a duplicate record and cause delays. If you can't find your old UTR, contact HMRC to retrieve it rather than reapplying.

What if I miss the 5 October deadline?

You can still register and file — it isn't the end of the world — but late registration is treated as a 'failure to notify' and can carry a penalty based on any tax owed, on top of the separate penalty for filing your return late. Register as soon as you realise, even if it's after the date.

Do I need an accountant for my first return?

Not necessarily. Many first-time sole traders and landlords with straightforward finances file their own return using HMRC's online service, especially if records have been kept consistently through the year. An accountant becomes more useful if your situation involves multiple income types, property sales, or you simply want peace of mind.

I earn under £1,000 from my side hustle — do I still need to do anything?

If that's your only additional income and it's under the £1,000 trading allowance threshold, you generally don't need to register or file for that income alone. Do still check whether any other income (rental, dividends, savings interest above your allowance) pushes you into needing to register regardless.

What counts as an 'expense' I can deduct as a sole trader?

Broadly, anything wholly and exclusively for the business — materials, tools, software, a proportion of home costs if you work from home, and business mileage. Keep every receipt and a note of what it was for; this checklist's records section tells you exactly what to capture as you go.