Questions tagged [self-assessment]
Questions related to the United Kingdom's HMRC's self-assessment tax returns.
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Self-employed on the side and student loan
I'm in the process of filling my self-assessment form, and have come across a section that's confusing me a little bit.
My situation is that I'm in full-time employment, and doing some freelance on ...
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How does the Bed and Breakfast rule affect capital gains tax calculations when it spans across tax years?
The B&B rule confuses me a bit since disposals are matched with future acquisitions (done within 30 days). What happens to tax calculations (for each tax year) if the tax year ends in between the ...
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In the UK, if I pay tax on both PAYE and Self-Assessment, where will my savings interest be taxed?
Like a lot of people in the UK fortunate enough to have savings, the higher interest rates mean that I will be getting more than the £1000 tax-free allowance on savings interest. Unlike a lot of ...
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I gave items to a Charity Shop to sell, and signed up for Gift Aid on the donated items when sold. Should I put this on my Self-Assessment?
I gave items to a Charity Shop to sell, and signed up for Gift Aid on the donated items when sold. This increases the profit to the charity, who send me an annual letter informing me how much Gift Aid ...
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What is the distinction between "earning untaxed income" and "acting as a sole trader" (UK HMRC)
I live in the UK and have a full-time job paid in the usual way under PAYE. In addition, I have received small amounts of income from various organisations (honoraria in return for activities ...
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HMRC and belatedly declaring tax residency status
Prior to 2018 I was a director in a small business, and as such I submitted my UK tax returns via Self Assessment - the taxes were always straight forward, so I always did them myself without concern.
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Does HMRC Income Tax Returns for High Earners only apply to self employed individuals?
This article suggests that high earners (over £100,000) should file a self-assessment tax return:
Income over £100,000
Your Personal Allowance goes down by £1 for every £2 that your adjusted net ...
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Can you defer the July self assessment tax payment until January in the UK
Someone told me they don't pay any self assessment income tax in July, they just pay the full annual bill in January. Is this possible in the UK or is the July payment compulsory?
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Can my wife use my income/credit card to buy products for her self-employed business (UK)
I am in full time employment in the UK (and have no other sources of income).
My wife does not currently work (since having children). She will shortly be registering as self-employed/sole-trader and ...
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Taxable Benefits in Self Assessment when taxed at source
I am presently completing my self-assessment for 2020/21 and due to my very simple financial situation I was expecting it to be easy. I was (and still am) a single person, employed by a single large ...
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Filling out HMRC starter checklist while being self-employed
I'm self employed and starting a full time job soon. When I'm filling out the HMRC starter checklist, do I select option A, B, or C, considering I'll be continuing some of my freelance work?
*A – This ...
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UK - Where to get blank EIS claim form
I want to submit EIS claim form, but the form I got from the company is accidentally damaged, so I want to find the blank form, print it and submit. But for some weird reason I just cannot find the ...
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Freelance income from different currencies (UK)
I have a UK day work and also do some freelance stuff. I will start to work as a freelance for a Swiss university and for a Canadian organisation. I will invoice them in CHF and USD respectively as ...
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How complex is submitting self-assessment tax for foreign income in the UK?
I'm a US citizen resident in the UK. I have the opportunity to do some contract work for a Spanish company that would earn a relatively small amount of money - a one-off payment of less than €1250. ...
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Self Assessment from Abroad due to Private Limited Company Unpaid Directorship
I left the UK for good years ago, but I still have a private limited company there (that I own 100%) and because of that I have to file self assessment which is just a series of zeros in every input ...
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