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Additional income on top of day job

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  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You need to register as self employed with HMRC if you haven't already.

    To which yes you will just need to do a 14/15 return with has a final deadline of January 16, I will say I would recommend doing it sooner rather than later.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • Suarez
    Suarez Posts: 970 Forumite
    phill99 wrote: »
    No. I'm talking about writing down allowances.

    http://www.hmrc.gov.uk/capital-allowances/plant.htm#1

    Why would you not claim under AIA in the first year?
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