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self employed tax query before bankruptcy
emmy71
Posts: 3 Newbie
Hi guys - I wont bore you with the horrible details but I'm having to declare bankruptcy but there is a question about self-assessment tax that I want to know. I have a part time job (£11000pa) which doesn't pay tax as is under the threshold and then also teach fitness classes and earn around £600(pm) but this figure can vary. At the moment I have around £15 income left over once I've worked out my SOA so want to avoid an income order at all costs if my freelance classes vary and I end up earning more - however that wouldn't be apparent until my self assessment returns which would be due January 2020... as I've done this years already.
so... do I not accept any more work for a year during the bankruptcy (if itgoes through - everything crossed it does!) or can I accept work knowing that I wont have to declare this until January 2020?
I've searched and searched and even asked the debt charities about this but no one seems to know???
I don't want to mess up my SOA.
Thanks everyone x
so... do I not accept any more work for a year during the bankruptcy (if itgoes through - everything crossed it does!) or can I accept work knowing that I wont have to declare this until January 2020?
I've searched and searched and even asked the debt charities about this but no one seems to know???
I don't want to mess up my SOA.
Thanks everyone x
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