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lor


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employed income and self employed income
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If you were doing a 08/09 tax return for a s/e person, who was employed at the beginnig of the tax year then went on to self employed work a couple of months later.

Would you deduct the tax paid from employment work against the s/e income tax????
but I take it you would only look at that tax year 08/09 and you wouldn't go into the previous tax yr (07/08) at all.

Please could someone clarify for me!

-- Edited by lor on Thursday 15th of October 2009 11:40:05 AM

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BackOfficeGroup


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on the tax return, you have a section for employments, which you would enter his employment details and a section for self employment, which you would enter here so long as the year end was not after 05/04/09.

the gross employment is added to the profit from self employment, then the tax paid in employment is deducted and the result is the tax to be paid.

P

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lor


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hi P
you say as long as it isn't tax for the year after 5th apr 09, what about prior to april 6th
08 I believe you wouldn't go prior either, is this correct?

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Amy8n


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Hi Lor,

No you wouldn't go back further than that. You should be able to take the figures from the P60 issued by the employer.

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 Amy
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lor


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thank you amy8n, you have put my mind to rest, now I can sleep with out worrying!
this forum is a god send!!!

Now I need to get P60.........

-- Edited by lor on Thursday 15th of October 2009 08:20:41 PM

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BackOfficeGroup


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you wont get a P60 if the person left employment within the tax year - use the P45 information which will give the gross and tax figures.

P

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lor


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okay P45 then it is! thank you for your help!

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