Self assessment - Stopped self employment mid-year help

debtfreeian

Hi, I unregistered as self employed at the end of June 2017. I'm now filling in my tax return and filling in that date as the end date for self employment.

My issue is that sales for the period of April-June is £25000 so the hmrc site assumes my turnover for the year is over £85000. So I get the following message.

The amount entered for 'Turnover - takings, fees, sales or money earned by your business' exceeds the maximum annualised amount allowed for this field. Please amend or complete the full self employment pages instead.

I can't continue unless I state my turnover for the period is over £85,000 which isn't true. Am I missing something? Thanks

Dazed_and_confused

I can't continue unless I state my turnover for the period is over £85,000 which isn't true. Am I missing something? Thanks

But it is true. Your annual turnover is approx £100k.

The bit you quote refers to annualised turnover.

Sound like you need to complete the full Self Employment pages, not the short version.

debtfreeian

OK I get that but then it goes into taper relief and all sorts which isn't relevant. OK I guess I'll have to fill in the extended pages.

polymaff

What starting date did you choose for your self-employment annual period and when did you start that period of self-employment?

debtfreeian

Hi there is only two dates. The date the business ceased trading and the date the books are made up to. The date was the same for both these (30/07/2018).

Dazed_and_confused

Post 1

Hi, I unregistered as self employed at the end of June 2017. I'm now filling in my tax return and filling in that date as the end date for self employment.

Post 5

Hi there is only two dates. The date the business ceased trading and the date the books are made up to. The date was the same for both these (30/07/2018).

Count me out

debtfreeian

OK thanks smart alec... it was a simple typo. I took on board what you said and appreciated it. I was then asked another question and I entered an incorrect date accidently which you spotted. Well done!

[Deleted User]

debtfreeian wrote: »

OK I get that but then it goes into taper relief and all sorts which isn't relevant. OK I guess I'll have to fill in the extended pages.

I presume that you are referring to overlap relief. In that case, we do require answers to the question raised by polymaff.

When did you start trading?