New to self employment in Jan 2023.

Hi all, 

I have had to register for self assessment in January this year as I became self-employed from a job where I was on the books. So now I've had a letter asking for me to fill in the tax return for 2022-23 tax year. 

My question is, when I come to put down how much I've earned in the tax year, do I put down JUST what I have earned in my self-employed job (i.e. January to April), or do I put down all my earnings for the whole year?

Any help appreciated. Thanks. 

Comments

  • jlfrs01
    jlfrs01 Posts: 291 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    You enter in all your income for the 12 months split between 2 entries (by adding income from a second employment for your self employment to the 1st declaration when you were employed).
  • uknick
    uknick Posts: 1,758 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    To add to the above, you'll also be asked to enter how much income tax you've paid during 2022-23.  This avoids you paying the tax twice.  It's best to take the PAYE figures from the 2022-23 P60 you would have received by now.
  • sheramber
    sheramber Posts: 21,608 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    You need to tick that you have self employment and employment.

    On the self employed pages you enter your self employed income/expenditure.

    Ont the employment pages your enter your total employment income for the year and also the amount of tax deducted. t
    These details will be on any P45 you recEIved at the end of your employment or on your P60.


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