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Self Employed - Starting up business end of month..

I will notify the IR when I start up my business, when does the tax forms need to be filled out and paid by? Will start November 1st

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    if you wish to submit your tax form in written form then you need to submit it by end October 2011 and pay by end january 2012
    if you submit by internet then you need to submit and pay by end January 2012
  • mlc2009
    mlc2009 Posts: 117 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    If I'm being in business since November, where is the cut off point? If I submit at end of January 2012, I wont take into account januarys earnings fully
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    your tax year is 6th April 2010 to 5th april 2011

    it is the profit in that year that you report on in either end oct2011 or end jan 2012
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