Working Out future Tax payment

meames_2

I will need to a self assesment for this current finacial year after april (I think they send the stuff in sept to pay by 31st jan). I want to budget the money I will have to pay on tax into a seperate account so it is ready to pay. I need to use any left over money asap to pay part of my over draft, or at least work out roughly what i will owe and keep adding to the seperate account as and when.

I currently do on line surveys and have registered as self employed.

Apparently apart from the bumph at the start of the form it should be a simple 3 line tax return

Earnings
Expenditure
(Earnings - Expenduiture) * N% = tax owed

1. What percentage it tax usually worked out at?
   (it is small earnings so I will probably be lucky to get £400, currently at £320 and finding it hard to hit the minimum amount to claim - Mind Mover hasd been stuck at £17 for months!!)
2. My only expense is really broadband, What is a "reasonable" amount to claim. As in all or part of bradband cost? Looking at my virgin bill this is £20 a month but i get a discount for getting my TV, Phone and broadband. So the bill is usually £38 per month. I averaged it as £13 per service. I would say that 3/4 my time on the internet is spent doing surveys so would I claim £10 per month as an expense for this? Would that be classed as reasonable?

Any help greatly apperciapted. I was self employed before but it was far more complicated with mileage and other stuff I had to claim for.

tyllwyd

Do you have a PAYE job? What tax band do you currently fall into?

Broadband - if you have an income of only £400, claiming expenses of £120 for your broadband seems pretty high to me.

ninky_2

if you are working from home you can also claim a proportion of household bills (for heating / water etc). also any stationary you might need to keep a track of what you are doing (printer ink, paper, pens and notepads).

meames_2

Broadband is pretty much the only expense. I am wary of claiming heating and lighting. I am sure there was a reason why last time i filled one in (over 4 years ago). From what I remember the detail isn't actually listed on the return.

last time i did a tax return I didn't have broadband I only had dial up so it was easy to see from the phone bill.

I just wondered what other people who did online surveys claimed as broadband expenses.