Self Assessment Novice

Chris_Powell

Hello

I worked part time self employed last year as I was a part time student, and to continue employment my employer would only accept that.

I was a student and I had no other income

I paid PAYE before working as self employed and by my calculations owe no tax for the year.

Is there any major thing I should be worried about in my return apart from earnings.

Any advice would be gratefully received

greatbridge

As long as you have included the PAYE income with your Self employment, and still dont owe any tax for year, then you will be ok, remeber to complete the employment page of the tax return as well, and if you have paid any tax on any savings included this, as if no tax due, you will get this back too

Savvy_Sue

Chris_Powell wrote:

Is there any major thing I should be worried about in my return apart from earnings.

If you're still self employed, then you need to tell HMRC that - I believe they fine you if you don't! Give your local office a call as they are usually very helpful.

greatbridge

Savvy_Sue wrote:

If you're still self employed, then you need to tell HMRC that - I believe they fine you if you don't! Give your local office a call as they are usually very helpful.

Thats only if you did not inform them that you were self employed within 3 months of starting

Savvy_Sue

greatbridge wrote:

Thats only if you did not inform them that you were self employed within 3 months of starting

Yes, but still relevant if OP is still self-employed! BTW, from the Small Biz board it seems you can sometimes appeal against the fine.

Chris_Powell

No longer self employed and finished within that financial year so should be fine - thanks for the adivce guys