tax return dilemma - owe more tax than i earned?

dearbarbie

help!

in the tax yr 08-09 i received my fist invoice (for part-time freelancing) just before the yr was up, to the sum of £60. just done tax return and it wants £74!!!

i am a sole trader and i also have a fulll-time job, of which i copied the information from my p60.

no idea what to do and ive been on hold to the tax office for aaaggges.

anyone any ideas what i could have done wrong?

by the way, i have no expenses or anything. just a plain invoice for £60 income!

Horace

If you have a full time job and are self employed - you may well owe the tax man some money because you have made a profit. Could it be that you entered the wrong amount in your earnings box on the self assessment form - e.g. the amount on your P60?

They are helpful at the HMRC especially if you contact the self employed line. Bear in mind though that they are busy this time of year with all the tax returns coming in.

£74 isnt so bad a bill to have from the tax man - your earnings in your paid job combined with the profit on your self employed work has taken you slightly over your entitlement.

Remember when you do your next tax return to include expenses e.g. paper, ink, utilities, mileage (if you have had to travel in your car on behalf of a client) etc.

fengirl_2

If you want to post your pay and tax and code number for the year here, or PM me, we will check it for you. The tax should be £12 and on that level of tax, you shouldne be self assessing!