tax return-is this right?

laila25

i've just started my self employed tax return for 2010-2011.

april-may 2010 (2 months)
i was employed during this period
earning 3600 and paying 520 in tax.

june 2010-april 2011 (10 months)
i was self employed during this period
after deducting expenses my earnings were £6196

at the end of my tax return i was told i owe £180.

i've kept this very basic but does this look right?
wasnt expecting that if i'm honest.

does the 520 already paid during employment not
bring down the overall bill?

i also pay class 2 ni contributions but under the end
bill it speaks about class 4 ni cont

have i done something wrong that anyone may kno about?

any help would be really appreciated.
thanks

antonic

http://www.hmrc.gov.uk/rates/it.htm

laila25 wrote: »

i've just started my self employed tax return for 2010-2011.

april-may 2010 (2 months)
i was employed during this period
earning 3600 and paying 520 in tax.

june 2010-april 2011 (10 months)
i was self employed during this period
after deducting expenses my earnings were £6196

at the end of my tax return i was told i owe £180.

i've kept this very basic but does this look right?
wasnt expecting that if i'm honest.

does the 520 already paid during employment not
bring down the overall bill?

i also pay class 2 ni contributions but under the end
bill it speaks about class 4 ni cont

have i done something wrong that anyone may kno about?

any help would be really appreciated.
thanks

Mikeyorks

Nothing wrong - looks very accurate.

Tax

Total income ................ £9796
Personal allowance ....... £6475
Taxable ....................... £3321
Tax due at 20% .........................£664.20

Class 4

Income ....................... £6196
Threshold ................... £5715
Chargeable ................. £481
Class 4 due at 8% ..................... £38.50

Total due .............................................. £702.70
Less paid .............................................. £520.00

Balance due £182.70

laila25

crikey!!!!!!

i'm unbelievably gratefull for the speed and effort put into your response.
thanks mikeyorks when its laid out as you've done it becomes clear for a dope like me. thankyou

i didnt put in my small bills i.e landline phone.
does this look suspect to them if i change expense as it wasnt prosessed as such.

Mikeyorks

laila25 wrote: »

i didnt put in my small bills i.e landline phone.
does this look suspect to them if i change expense as it wasnt prosessed as such.

No - looks OK. Particularly as it sounds as though you haven't actually 'submitted' it yet?

laila25

many, many thanks mike.

If you want to test the depth of the water .........don't use both feet ! I like this alot lol