filing tax returns help

alocacoc

hi Ive just started working again and pick up circa 250-300 straight a week

I was self employed for the last few years and have made a hash of my NI and income tax I now need to start a fresh

so Ive got a new Bank account and every friday Ill pay my money in in

so what next as I want to pay my NI and tax on it

any help appreciated

do I have to wait a year before I pay etc

00ec25

with respect, surely you should speak directly to your own tax office to sort this out as, if there is a hash(!) in terms of tax and/or NI paid to date, then a new bank account hardly sorts this out, you need to agree with HMRC if you owe back taxes or are due a refund

fengirl_2

You need to inform HMRC as soon as possible that you are self employed again. They will arrange for you to pay your class 2 NIC by DD.
Assuming you started after 6 April, your first self assessment will be due by Jan 2011. Im sure you realise that you need to set aside about 20% for tax.
Keep accurate records of your income and expenditure, keep receipts for expenditure.Find out if your tax office does workshops for the newly self employed. Find out if your local Business Link does the same, or can give you any other help with the accounting side.

glider3560

You can setup a direct debit to pay the NI every so often, there are details on the HMRC website. This could be useful if you don't want to pay it all in one go.

I'm sure HMRC will be happy to accept money in advance for payment of income tax at the end of the year. They'll just deduct your payments from anything you owe at the end of their year.