In recent years HMRC’s focus has been on reducing the number of taxpayers who are required to file self assessment tax returns. However, for those who still need to file a tax return, new requirements for 2025-26 onwards will require more comprehensive reporting, particularly for business owners and directors of UK resident companies.

For several years, existing boxes on form SA102, the employment pages of the self assessment tax return (SATR), have asked whether the taxpayer is a company director and whether the company is a close company.