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Your self-employed tax return

24/01/2019 07:51:24
Thanks for the response. I have double checked & I definitely marked that box as 'No', as my turn over was much less than £85000, but I am still getting that message & the request for a detailed breakdown. Is there any other reason that might be happening?

If it comes to it I can go back through my records and work out my expenses by category to give the detailed breakdown, but I am concerned I may end up being asked to pay VAT I don't owe.
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Re:Your self-employed tax return

24/01/2019 12:19:08
In response to the question posted mentioning the HMRC app.

Thanks for your question.

Please contact our online services helpdesk and we will be able to reset this for you. You can find contact details in the link below.

Technical support with HMRC online services
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Re:Your self-employed tax return

24/01/2019 12:21:47
In response to the question posted about the error message for VAT threshold.

Please contact our online services helpdesk and we will look in to this further. You will find the contact details in the link below.

Technical support with HMRC online services
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Your self-employed tax return

24/01/2019 12:22:52
Hello
I posted a question about accounting for stock in hand but I can't see it on the forum. Do they only appear once you have replied?
Thanks
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Re:Your self-employed tax return

24/01/2019 13:12:05
Hi,

The forum is moderated so your post will only appear when an Admin has released it, it should now be showing on the forum.

Thanks,
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Your self-employed tax return

29/04/2019 06:38:46
Hi,
I have not traded this year, so no income or expenses. Do i need to submit a self assessment?
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Re:Your self-employed tax return

29/04/2019 08:19:37
Hi,

If you intend to trade in the future then you can submit a nil return. If not then you can contact HMRC direct to confirm that you have no SA criteria.

Please refer to the following links:

Tax-free allowances on property and trading income

Contact HMRC
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Your self-employed tax return

16/05/2019 10:54:07
I attended a webinar on Tuesday 14th and learned about the Trading Allowance. Since I do my own tax returns and hadn't heard of this I didn't claim it for 17/18 but understand I can still do this by amending my tax return for that year. Having tried to do this online and failing, I called the helpline but the responder really didn't know what I was talking about and tried (and failed) to connect me the technical help team. Can you tell me how to get in touch with this technical team or advise how to amend my 17/18 tax return and include the trading allowance
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Re:Your self-employed tax return

16/05/2019 13:13:58
Hi,

Thanks for your question.

The trading allowance is a set amount of £1000, if your actual expenses were more than this then it is not to your advantage to claim the trading allowance, if your total expenses were less than £1000 then it is to your advantage to claim the trading allowance.

You have to select the option to amend your 2017/18 return, then you go to the self-employed page , remove all expenses amount already entered then in the box headed Trading Allowance enter the £1000, click save and continue twice, then on the page which shows net business profit, the £1000 will have been deducted.

If you still have a problem and need to call back and a Technician is not available the Adviser can arrange a call back for you.

I hope this helps.
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Your self-employed tax return

06/06/2019 06:33:43
Hi,

I was self employed and regularly did my self assessment return online, working mainly for a company in Switzerland for several years. Payments became later and later last year and at Christmas I accepted a full-time job and so informed them I would no longer be available from January 2019. I was waiting for them to pay me everything they owed for work done last year before doing my final accounts and submitting the last return , but it is now past my year end of April 6th and they still owe me for an invoice for work done in December. I don't know what do now, do I just end my self employment officially with the tax office and declare the amount separately if they ever do pay, which looks increasingly unlikely? I have to submit my payment on account at the end of July.
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Re:Your self-employed tax return

06/06/2019 10:58:44
Hi,

Thanks for your question.

When completing the return if the self-employment has ceased then you will enter actual date of cessation on the return.

If using cash basis you will only record the actual income received in the tax year and if the outstanding amount is subsequently paid this can be declared as a post cessation receipt.

If using the traditional accounting method then this amount should be included with your turnover. However, once it is clear that this amount will not be paid a deduction can be claimed as a bad debt.

BIM42700

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