Tax Return (Employed & Self Employed)

Lummybear

Morning all, hope somone can help me here.

I'm employed and run a buisness in my spare time (been going for three years) this is my 4th year of filing a tax return.

For some reason on my return they are trying to make me pay tax i've already paid through my employement PAYE (monthly payslips) in one big chunk mixed in with my self employment tax?

I calculated the tax i need to pay is under half what they are trying to make me pay.

I'm not trying to pay my self-employement tax through PAYE either, i just want to pay it in one sum and be done with it.

Can anyone help or understand whats going on?

Thanks.

kuratowski

Self-assessment includes all your income - you do not complete it for just part of your income.  You do need to include your income from employment on your self assessment return.  You must enter both the taxable income and the tax already paid through PAYE (both figures are shown on your P60) into the tax return, and then the SA system will take the amount already paid into account when working out what you need to pay.   There are two figures shown: your total tax liability for the year (total including PAYE) and the amount due (which will be the tax left owing after PAYE is taken into account).

chrisbur

Derails of the figures might help; but one thought have you reached the point where  a payment on account is required?