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  • sawilsonbookkeeper
  • Joined: 31/07/2018 13:45:03
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Welcome to Self Assessment Question and Answer session - NOW OPEN

03/12/2018 13:53:57
What is 'Overlap Profit Brought Forward' please? Can you provide me with a definition/explanation please?
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Re:Welcome to Self Assessment Question and Answer session - NOW OPEN

03/12/2018 13:55:57
Hi there,

In reply to your question about voluntary NI.

Can you please advise when you are trying to claim the voluntary class 2 are you given an error message?

Thank you.
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  • HMRC Admin 50
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Re:Welcome to Self Assessment Question and Answer session - NOW OPEN

03/12/2018 14:00:40
In response to sawilsonbookkeeper

We do not have a complete guide which covers every box on the return, there are notes which go with each section of the return including supplementary pages.

You can access them all from the link below

Self Assessment forms and helpsheets

In response to your next post

You can claim overlap relief if you have overlap profits and you: sold or closed down your business, and your basis period this year doesn’t start on 6 April, changed your accounting date and your basis period this year is more than 12 months.

Any overlap profit you carried forward from previous years plus any new overlap profits in the tax year or minus any overlap relief you used this year.

I hope this helps.
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Re:Welcome to Self Assessment Question and Answer session - NOW OPEN

03/12/2018 14:06:47
Hi,

In response to the question about fixed term PAYE employee with my home being my work location

Please see: Employment Income Manual 32815

The flat rate of £4 per week or £18 per month includes broadband but not the cost of business telephone calls so you would have to keep records of this separately and will only be able to claim the business calls.
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  • sawilsonbookkeeper
  • Joined: 31/07/2018 13:45:03
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Welcome to Self Assessment Question and Answer session - NOW OPEN

03/12/2018 14:09:29
This QnA has been great, Thank You.