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First time tax return, capital allowance?
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chelseablue said:[Deleted User] said:chelseablue said:Yes there were questions regarding whether he was an employee in the tax year so I filled out all that using his P45.
For the tools he did start with nothing as he's still an apprentice so buying stuff as he goes along.
If I've done it correctly the calculation says £2,300 rebate due to him (he's in the Construction Industry Scheme so they pay 20% on everything they earn then get a rebate)
Since August his self employed income has been £12,310 and he's paid £2,542 in tax through the CIS deductions0
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