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First time tax return, capital allowance?

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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 22 January 2024 at 3:51PM
    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) 
    Sounds like you have a good handle on it. Obviously we can’t comment on the quantum of the repayment without knowing all the income details.
    I don't feel like I do :) 
    Since August his self employed income has been £12,310 and he's paid £2,542 in tax through the CIS deductions 
    And his PAYE income including tax deducted? What profit did you end up with?
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