Order of taxation-multiple incomes/self assessment

C_Mababejive

I honestly wouldnt know if my situation would be beneficial if it were re-arranged ?

polymaff

It is a tricky business, the only solution to which is to know how to get it right - and what "right" means. Known 2017/18 faults in self assessment are listed in

http://sageone-help.s3.amazonaws.com/en/ukie/2017-18-exc-indi-v2%200.pdf

You will note that many are given the status "Planned fix for 18/19"

a.k.a. "We haven't a clue"

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/690409/sa110-Notes-2018.pdf

gives details of how HMRC thinks you can get it "right" - but even it admits that their process may not produce the best use of your Personal Allowances.

You'll also find that it states and details the "Order of Taxation" of the FIVE components of taxable income.

kidmugsy

Don't worry, chaps. Phil will put it right tomorrow.