Tax return time!

[sianib]

Sadly, my expenses come to more than £1k but thank you.

 

[Jon]

Hi,
I am looking at doing last year's tax return and I am wondering what I can pass on as a legitimate expense. I didn't earn that much and since it was my first year tutoring, I have incurred a lot of set-up expenses. I also am doing some CPD courses. Can I claim tax relief on these?
By CPD, I mean that I am doing dyslexia training but I am a qualified teacher. Does this imply retraining or CPD?
Thanks,
Sian

As always - claim your home expenses

How do I calculate my working from home expenses?

Calculate your business use of home expenses for limited company directors with this handy infographic from FreeAgent

www.freeagent.com

Any equipment you've bought (laptop, microphone, office desk etc.)

The course - was it to help your sole trader business? If yes then I would put that through but you can always check with HMRC via their live chat if you want to double check it.

 

[Sherliarty]

@try2belucky brought up the issue of making tax digital which will require tax returns to be returned digitally every quarter via compatible software. I think it applies from 2024 for small businesses/freelancers etc. I knew nothing about this and wondered if anyone else had any thoughts or what software/apps are most useful for us. I don't think I earn enough to worry about it yet but I think it is only a matter of time before everyone will be migrated to this system.

 

[geebobuk]

@try2belucky brought up the issue of making tax digital which will require tax returns to be returned digitally every quarter via compatible software. I think it applies from 2024 for small businesses/freelancers etc. I knew nothing about this and wondered if anyone else had any thoughts or what software/apps are most useful for us. I don't think I earn enough to worry about it yet but I think it is only a matter of time before everyone will be migrated to this system.

I'll certainly be keeping an eye on developments. I'm going to be doing my return in the next 7 days as I had a reminder from HMRC today.

 

[sianib]

I am going absolutely crazy trying to submit self assessment. I haven't done it for years but I cannot access my old SA account. I have been trying since October to get help with this and when I've tried to phone, I get told they can't help or I've had the phone put down on me.

As I can't access my old SA account, I can't link it to my PAYE account, which I can access. I've tried to create a new account but cannot get verified for this even though I enter the exact information that's on my passport, P60 and driver's license.

I actually don't know what else to do. I don't owe much and I certainly don't want a huge fine.