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New to self employment in Jan 2023.
cyclops365
Posts: 7 Forumite
in Cutting tax
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.
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.
0
Comments
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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).1
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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.1
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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.
1
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