We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Keeping the tax return simple?
empressemma
Posts: 194 Forumite
Hi, I run a very small business from home, and its time to do my second tax return.
I found the first one ok to do, but after working out all the phone/printer/home usage etc My final total was £16!!
Not that I mind the total of course!
However, this year I was wondering if i could make it more simple for myself?
Is it possible to only give the following information...
1- total amount of my invoices
2- total amount of suppliers invoices
3- total amount earned at my other casual job (employed by local school for exam invigilating)
I know that that means there's no tax back for phone/home use etc, but I don't earn nearly enough to pay tax anyway.
I estimate that my total years income will be under £2,000.
if it is possible to do this, does anyone know which parts of the tax return I would fill out?
Many Thanks,
Emma
I found the first one ok to do, but after working out all the phone/printer/home usage etc My final total was £16!!
Not that I mind the total of course!
However, this year I was wondering if i could make it more simple for myself?
Is it possible to only give the following information...
1- total amount of my invoices
2- total amount of suppliers invoices
3- total amount earned at my other casual job (employed by local school for exam invigilating)
I know that that means there's no tax back for phone/home use etc, but I don't earn nearly enough to pay tax anyway.
I estimate that my total years income will be under £2,000.
if it is possible to do this, does anyone know which parts of the tax return I would fill out?
Many Thanks,
Emma
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards