Simple REturn - Self Employed + PAYE within one tax year

crashd_3

I'm currently a PAYE employee of a company, I'll be resigning soon and undertaking freelance work for the rest of the tax year.

Will I be able to fill in just the simple tax return (assuming I earn under the threshold between april 10/april 11) for self assessment or will I have to fill in the full 'Individual' return come april 11?

Gertie_Walker

All self assessments include all your income. If your t/o is low you will be able to state t/o, expenses and net profit, but you will have to show your PAYE income.

KiKi

Hi Gertie, can I just clarify (as this also applies to me for last year's tax return): a 'simple' return can be done and everything is declared in one box (PAYE and SE income together) etc?

Also, please could I ask another question relating to this: I did a training course and went to a conference relating to my self-employment, but did it earlier in the year than my self employment started (ie, I completed it whilst on PAYE). Can I still claim as expenses, or does it only count if I did it during my term of self-employment?

Thanks.
KiKi

System

You will probably be issued a full return which will include the basic return, an employment page and a self-employment page. You will enter your PAYE income on the employment page and your self-employed income on the SE page. The basic return gives you opportunity to declare other taxable income such as investment, taxable benefits.

Self-employment pages come in 2 formats (full and short) depending on the level of your turnover. From what you have said it is likely you should only complete the short self-employment page -

http://www.hmrc.gov.uk/forms/sa103s.pdf

Gertie_Walker

I would say the course would only be deductable from your profits if it was taken during the trading period. In any case, courses, etc which put you in the position to trade are never allowable, only courses which keep your knowledge up to date.

crashd_3

Gertie: Yes, sorry, obviously I have to declare all income but I was wondering wether i'd need to fill in the short version or the full length version is all. My t/o is more than likely to be less than the ~60k that stipulates wether you can fill in the short version (and my general financies aren't that complicated).

suso

crashd wrote: »

Gertie: Yes, sorry, obviously I have to declare all income but I was wondering wether i'd need to fill in the short version or the full length version is all. My t/o is more than likely to be less than the ~60k that stipulates wether you can fill in the short version (and my general financies aren't that complicated).

As I presume its your first return, you'll be either issued with a full return SA100 plus supplementary pages for S/E and Emp. just based on your t/o you can complete the Short Self employment supplementary page, although there are a few exceptions. or you'll be issued with a SA316 notice to file letter, which tries to get you to do the return online. Whichever way its issued, you won't be given the option of completing a SA200 Short tax return, maybe for the second year if your affairs are simple.