Quick question for the self employed. I heard a rumour that once you start filling in a self assessment tax return you will need to one every year, even if you are no longer self employed. Is this true?
You'll only need to complete one up until the point you stop being self employed. If it's mid year you'll have to include any employed pay on the form as well. You must let HMRC know, so they update their records or they'll keep chasing you.