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First time tax return

chaoticbaker
Posts: 16 Forumite

in Cutting tax
Hi there, I'm filling in a tax return for the very first time as was wondering if I could ask for some advice as I'm finding the process quite complicated.
For the last financial year I did a combination of agency work (for which I paid tax through PAYE and NI) and freelance work speaking at events and writing, which were not taxed.
HMRC already had the data logged on my tax return for the agency work I did which I've already paid tax on.
My question is how should I list the income from the freelance work which I have yet to pay tax on? On the tax return I have the option to add in tax either from an employer or for a business. I was contracted and invoiced for individual speaking events and articles so should I fill in a section for each of those as being for a separate employer? Or should I be listing it as a business? I wasn't keeping accounting books so that did seem appropriate either...
Sorry, I realise these are very basic questions. I'll be getting an accountant for next year!
For the last financial year I did a combination of agency work (for which I paid tax through PAYE and NI) and freelance work speaking at events and writing, which were not taxed.
HMRC already had the data logged on my tax return for the agency work I did which I've already paid tax on.
My question is how should I list the income from the freelance work which I have yet to pay tax on? On the tax return I have the option to add in tax either from an employer or for a business. I was contracted and invoiced for individual speaking events and articles so should I fill in a section for each of those as being for a separate employer? Or should I be listing it as a business? I wasn't keeping accounting books so that did seem appropriate either...
Sorry, I realise these are very basic questions. I'll be getting an accountant for next year!
0
Comments
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your freelance work is SELF employment, you fill out the SE pages, not the employment pages as you were not being paid by an employer for that work.0
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...or just to clarify a bit more you need to fill in the employed pages for your employed work (income received and tax deducted for the tax year 17/18) as per the P60 you should have received and the section for self employment for the freelance work. Note that if it is under the £1k amount that you can declare it as such and it is then not taxed.
Filling in both sections (and and other relevent section such as bank interest) allows total calculation on income for the SA return to correctly calculate your annual tax bill.
If you end up owing tax, pay straight away to avoid other charges for late payment.0
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