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By *irtyGirl OP Woman
over a year ago
Edinburgh |
Right... does anyone know if you have to earn a certain amount on a self-employed basis to have to complete a tax return?
I just called their office and "its been evacuated due to an emergency" 
Has someone fire bombed the tax office?! 
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By (user no longer on site)
over a year ago
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as soon as you begin working on a self employed basis, you have to inform the tax office within 3 months of beginning. You then need to complete a tax return each year before the deadline, regardless of how much you made, even if you made a loss, it has to be recorded. |
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By (user no longer on site)
over a year ago
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hi - you need to pay national insurance and tax - even if as the earlier post suggests you lose money - best thing to do is register on line as self employed - and complete the online forms
some people do this for you - i have a neighbour who is self employed doing jus this - she charges $99
anyway the dead line is 31st January - good luck |
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By *irtyGirl OP Woman
over a year ago
Edinburgh |
I've already informed the tax office... really wishing I hadn't bothered but I'm too honest for my own good! 
I started a part-time job but its on a self-employed basis... mostly to get some experience in the area of work but I've only worked three shifts and I've already paid NI - they sent a bill so I paid it... actually they've done that twice. I've earned peanuts as it's pretty much a minimum wage thing (but I had some fun which is the main thing) but now I apparently have to complete a tax return and for 228 quid... £45 of which has already gone to the NI people it hardly seems worth the bother!
*slaps self round head* |
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By *irtyGirl OP Woman
over a year ago
Edinburgh |
"I think it is up to about £15,000 or over that you need a full tax return form"
I have a full time job too... but obviously they do all the tax malarky on that.
I'll never make businesswoman of the year that's for sure! |
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In which case you will not be required to make a tax return declaring your self employed income until the next tax period.....
So you can breath out now, your tax return is not due.
But remember to start keeping all receipts and record them as you may have expenses that you will be able to claim for in your tax return in the next financial year. |
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By *irtyGirl OP Woman
over a year ago
Edinburgh |
"Best you do remember.
Or the taxman will come after you.
And you'll go to jail.
And be some fat, shaven headed, lesbians bitch."
Well at least I'd be getting some!! 
Thanks Jane... will be sure to smuggle some shoes through there! I don't really have expenses though. |
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By (user no longer on site)
over a year ago
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My only advice if you're self employed is hire a good accountant, as you'll be amazed what you can claim for on expenses.... when I was a taxi driver, I could claim for phone calls, clothes and even food.... all means you get a smaller tax bill if any |
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By (user no longer on site)
over a year ago
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I've had those dickheads breathing down my neck for a few years now - and I am a PAYE fully employed employee. I tried ringing them to ask why they keep sending me the S/A forms and they simply replied, "you're on our system so you have to return them."
The N.I. office were far more helpful and de-registered my as self employed when I gave them the date I started full time employment.
I have phoned the tax office with the same information five times now but they still send the S/A forms out, so now I just ignore them. |
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"An accountant?! For £228??!
You're not serious right?"
You will have no need of an accountant on your small self employed income, and trust me there are more things you can't claim for than things you can claim for as a self employed person. |
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"In which case you will not be required to make a tax return declaring your self employed income until the next tax period.....
So you can breath out now, your tax return is not due.
But remember to start keeping all receipts and record them as you may have expenses that you will be able to claim for in your tax return in the next financial year."
DG - you are indeed off the hook (for now). As Jane states - the submission by 31/1/11 is for online filing of personal income earnt between April 09 and 31 March 10.
I would strongly recommend registering for online filing now though. That way you will have until Jan next year if you don't the normal paper submissions for last tax year (ending March 31 11) is August 11 (I believe). By applying for online filing you can buy yourself an extra 5 months in which to complete it.
Given you're in FTE too, your earnings (income after bus. expenses) will be subject to tax I'm sure as single persons tax free allowance is £6,475. It goes up by £1000 next tax year though - yah!
Happy to give you any other advice if you want it - just PM me. I think though the basics are covered in the thread and most importantly - nothing to worry about until August (I think) at earliest.
...And breath  |
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By *irtyGirl OP Woman
over a year ago
Edinburgh |
HA!
Just spoke to the NI office and they're sending me a form to fill in to claim back the NI I've already paid due to being a small earner!
I've registered already so I have all that but I don't have to do a tax return till next year and they'll send me it in the post!
Crisis averted... no butch lezzer for me!
Thanks for all your help!
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