How can I do my tax return for a short period of self employment a long time ago

thinfatwhiteduke

Hello guys. I need your help. I've been self employed for 4 months, almost 2 years ago, and now I have to do my tax return before the end of January.
I had occasional work and didn't make much profit, so maybe I was more unemployed than self employed, but I was registered as self-employed so would like (I have to) declare those few earnings.
After those 4 months I stopped being self-employed and started working for an employer. Recently, after a year and a half, I'm self employed again.
The question is. How can I declare the earnings of that initial period of 4 months? Will I be able to do it in my current new account at the HRMC website?
And then how can I pay the tax (if there will be any) from those earnings?
Your help will be much appreciated. Many Thanks

Dazed_and_confused

You won't be able to do this via your personal tax account, you need to complete the tax return (which is for ALL taxable income for that year, not just the bit of self employment)

thinfatwhiteduke

Dazed_and_confused wrote: »

You won't be able to do this via your personal tax account, you need to complete the tax return (which is for ALL taxable income for that year, not just the bit of self employment)

Where do I do it? I literally have no idea..

Bekahlina

Hello - sorry, not sure how to do this forum thing, so I'm asking my question here - apologies if this is the wrong place - not sure how to just ask a question that isn't a reply to someone else... Anyway, a relative of mine is a pensioner - they receive both a state and private pension to live on. Upon which they pay tax. They also run a self employed business, which made a loss this year. Shouldn't the loss count agains their income - and therefore they should be able to reclaim the tax they have paid on their pension? Also, whatever tax was paid on their state pension, doesn't seem to be shown (the amount of pension is automatically filled in on the form). Does this mean that no-one is entitled to claim back that tax either? Cheers

Dazed_and_confused

You cannot pay tax on State Pension, it is always paid gross by the DWP.

It is possible to pay more tax on a private pension if the tax code HMRC issue takes into account the State Pension received.

Someone more knowledgeable will hopefully be able to answer the question about losses but wouldn't their accountant be able to help with this?

Dazed_and_confused

Where do I do it? I literally have no idea..


Try gov.uk - you will need to register for their online services I think but once that's sorted the tax return itself should be fairly simple to do assuming you've already done your accounts for your business.

[Deleted User]

Bekahlina wrote: »

Hello - sorry, not sure how to do this forum thing, so I'm asking my question here - apologies if this is the wrong place - not sure how to just ask a question that isn't a reply to someone else... Anyway, a relative of mine is a pensioner - they receive both a state and private pension to live on. Upon which they pay tax. They also run a self employed business, which made a loss this year. Shouldn't the loss count agains their income - and therefore they should be able to reclaim the tax they have paid on their pension? Also, whatever tax was paid on their state pension, doesn't seem to be shown (the amount of pension is automatically filled in on the form). Does this mean that no-one is entitled to claim back that tax either? Cheers

Give us some figures including tax paid and the amount of the loss and we will try to help. Without this ...............

thinfatwhiteduke

Bekahlina wrote: »

Hello - sorry, not sure how to do this forum thing, so I'm asking my question here - apologies if this is the wrong place - not sure how to just ask a question that isn't a reply to someone else... Anyway, a relative of mine is a pensioner - they receive both a state and private pension to live on. Upon which they pay tax. They also run a self employed business, which made a loss this year. Shouldn't the loss count agains their income - and therefore they should be able to reclaim the tax they have paid on their pension? Also, whatever tax was paid on their state pension, doesn't seem to be shown (the amount of pension is automatically filled in on the form). Does this mean that no-one is entitled to claim back that tax either? Cheers

Can you please open your own thread? This will sabotage mine. Can any of the moderators possibly remove anything related to this? Many Thanks

tyllwyd

So you said you have a log in for the hmrc website?


When you log in, go to the home page and look for a heading saying 'services you can use'. If you click on that, is there an option for self-assessment (SA)? Click on that, and is there a heading to 'File a return for 2015-16'? Follow the link to start completing the return online. You will need to do the employment and self-employment pages. When it's all finished and you've submitted the tax return, you will be given an option to click through and pay any tax due online.


Once you've started completing the return it takes you through each step. You don't have to do it all in one go, it saves as you go along so you can leave and come back to it later.

sheramber

thinfatwhiteduke wrote: »

Hello guys. I need your help. I've been self employed for 4 months, almost 2 years ago, and now I have to do my tax return before the end of January.
I had occasional work and didn't make much profit, so maybe I was more unemployed than self employed, but I was registered as self-employed so would like (I have to) declare those few earnings.
After those 4 months I stopped being self-employed and started working for an employer. Recently, after a year and a half, I'm self employed again.
The question is. How can I declare the earnings of that initial period of 4 months? Will I be able to do it in my current new account at the HRMC website?
And then how can I pay the tax (if there will be any) from those earnings?
Your help will be much appreciated. Many Thanks

Are you registered as self employed for 2 years ago? If not you will have to contact HMRC TO ADVISE THEM.

you cannot combine years. EacH year from 6 APRIL TO 5 APRIL must be calculated separately.

Bekahlina

I'm not sure how to open my own thread, that's why I apologised in my message.. Can you tell me how? Cheers