We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
New Self employment tax advice please
RDB
Posts: 872 Forumite
in Cutting tax
I tried self employment from 1st Feb to 5th April before and after that on JSA.
Soon after starting I told IR that I have started a SE business and they sent me the form to declare you have started. By the time I got round to completing it I could see the business wasn't working so ceased trading just before I sent it back, explaining (in the box for any other info) I started on 1st Feb and finished on 5th April and didn't make any profit.
I haven't herd back from them at all, I hope they just opened and then closed it.
Do I have to fill in a self assessment or anything else as well?
Soon after starting I told IR that I have started a SE business and they sent me the form to declare you have started. By the time I got round to completing it I could see the business wasn't working so ceased trading just before I sent it back, explaining (in the box for any other info) I started on 1st Feb and finished on 5th April and didn't make any profit.
I haven't herd back from them at all, I hope they just opened and then closed it.
Do I have to fill in a self assessment or anything else as well?
0
Comments
-
yes, you will have to self assess, showing your nil profit (or loss). The form should be with you soon.£705,000 raised by client groups in the past 18 mths :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards