No longer self employed - Self Assessment Advice

Tomby1

Hi,

I was self employed from April - June last year and was employed from July 1st (so no gap in employment)

I just wondered if someone could help with my figures. (I'll make them up but you'll get the gist)

Self Employed Income: £11000
Expenses: £3000
Total Income: £8000

New Employment: from 1st July, taxes, national insurance and student loan repayments paid back based on that I had already earnt the minimum threshold for tax free earnings that year.

So, from my intial self employed income, how much would I need to pay of this in tax/NI4/student loan? Do I pay my NI4/student loan with my self assessment or is this done separately?

Thanks in advance.. and if I've missed anything out that makes this impossible to answer, please let me know and I'll make up a figure or two!

Pennywise

Tomby1 wrote: »

New Employment: from 1st July, taxes, national insurance and student loan repayments paid back based on that I had already earnt the minimum threshold for tax free earnings that year.

We need more info.

What tax code are you on (look on payslip).

Will your total eanings go into h/r band - ie over say £41k?

Tomby1

Oops! Didn't see that anyone had replied.

Tax code - 810L

I won't go into the 'higher earnings' bracket for this tax year.

Thanks

toby3000

I think you can go through the SA process on the HMRC web site without submitting it, so that should give you an idea?

Tomby1

toby3000 wrote: »

I think you can go through the SA process on the HMRC web site without submitting it, so that should give you an idea?

I can't find that at all - I've tried to find such a system before as it would be ideal, but can't.

Any chance you could direct me to it?