Self Assessment Q&A on 12th January » Shared income of furnished holiday let » Go to message
Hi Jemima the 50/50 rule does not apply to income arising from a UK property business which consists of, or so far as it includes, the commercial letting of furnished holiday accommodation.
If a spouse or civil partner carries on the activity alone: that spouse or civil partner is taxable on the income.
If a spouse or civil partner carries on the activity with others: the income is split for tax purposes in the way the parties have agreed to split the profits amongst themselves.
Self Assessment 2018 » Tax on Emplyment income » Go to message
Hi Sally, National Insurance contributions on employed income are not required to be noted down on your self assessment record. You would not enter this amount in the tax box.
Self Assessment Q&A on 12th January » A change in time limits for carrying losses forward? » Go to message
Hi there has not been a change in the tax rules regarding losses, sometimes the helpsheets are simply shortened from time to time, which can cause confusion. You are correct in saying that your losses will be carried forward until you have managed to use them with profits from the same trade.
Self Assessment Q&A on 5th January » Self assessment forum » Go to message
Although you can get into your self assessment account to check your SA302, you cannot access the full information from your Personal Tax Account. There are different items we are looking to include within the Personal Tax Account as we move forward and will confirm updated details when they have been added.
Self Assessment Q&A on 6th December » Self Assessment and Trade Code. » Go to message
That's right Catherine, you do not need a seperate self assessment return, just a seperate self employment section.
Self Assessment Q&A on 6th December » Expenses » Go to message
There is guidance on gov.uk which gives details about the type of expenses which can be claimed, but not a detailed list of everything. I assume you are referring to self employed trader - the details are here https://www.gov.uk/expenses-if-youre-self-employed
Self Assessment Q&A on 6th December » self assessment » Go to message
If you are trading via youtube then yes you will need to register for self assessment. There is more information here on this link to the Business Income Manual https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20000
What Catherine has said is correct on this basis.
Self Assessment Q&A on 6th December » Self Assessment and Trade Code. » Go to message
You should register each of your businesses seperately. There may be a different trade class for each one.