Bankruptcy Tax year

David2207

My bankruptcy order made on 20th April 2018, by that time i was self employed, now i am discharged from bankruptcy, i was allowed to continue my business as a self employed, so i want to find do i need to file SA for bankruptcy year 2018-2019, if i do what will be the procedure, I found somewhere that you don't need to file self assessment for bankruptcy year 2018-2019, but i am not convinced yet, so what is best way to deal this matter please.

Dazed_and_confused

Just ask HMRC.

Oliver2809006

As self employed too and gone through bankruptcy I think you won't need to file a return as your bankruptcy started in that current tax year.

Mine happened in July 16 and I wasn't required to submit a return for 16/17 with 17/18 being my first return.

However be prepared that you will be given a new self assessment account with the Inland Revenue when you submit your 19/20 return.

You'll also have to pay 6 months upfront again as you'll be regarded as a new business as well as your 19/20 monies.