Self employed self assessment

wapman

Hi everyone, just a quick easy question i hope I started as self employed on the 1st September 2007 when will i be expected to submit my first self assessment and make my first payment ?

thanks for your help.

Debt_Free_Chick

I assume you're keeping it simple with the business year end being 5 April?

So, for the period from Sep 2007 to April 2008 - the relevant figures go on your tax return for April 2008.

You then pay the tax you owe in January 2009 and half that amount is then paid in July 2009 as an "on account" payment of the tax due in 2008/2009.

wigglebeena

But when is that tax return actually due in, and when do they send it to you? I am in the same boat (registered a bit earlier than OP) and it is doing my head in. I read and read the date regs and it makes no sense to me.

I am going to phone the Rev today to get the word from the horse's mouth.

Debt_Free_Chick

wigglebeena wrote: »

But when is that tax return actually due in, and when do they send it to you? I am in the same boat (registered a bit earlier than OP) and it is doing my head in. I read and read the date regs and it makes no sense to me.

I am going to phone the Rev today to get the word from the horse's mouth.

By 30 September (following the end of the tax year) if you want HMRC to calculate the tax you owe and tell you.

Or by 31 January if you calculate your own tax.

You will be sent a notice telling you to file your tax return soon after 6 April. I no longer get a return - just a notice to file.

Handy reference of key dates here

wigglebeena

God bless you DFC. Of course being an OCD type I had to call up anyway, but you're completely right.

Debt_Free_Chick

wigglebeena wrote: »

God bless you DFC.

You're very welcome :A :T

Of course being an OCD type I had to call up anyway, but you're completely right.

OCD type? I know it only too well ....