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How To Complete The Self Assessment Tax Return For Self Employment 23/24
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- čas přidán 14. 08. 2024
- This video shows how to complete the self assessment tax return for the 23/24 tax year if you are self employed.
Check out our services using the links below:
Claim a CIS tax refund now. click here: bit.ly/EarlyBi...
To register for self-assessment (UTR/CIS) click here: bit.ly/utr-number
If you need help with your Tax Return click here bit.ly/cis-rebate
Dude , you're a legend! Use your vid every year. Please continue each year, thank you
First time filling my tax return. Couldn't have done it without this video. Thanks.
Massive thank you for this, I have now submitted my first tax return and saved myself money rather than paying an accounting company to do it.
Great video, just did my own tax return for the first time instead of paying an accountant to do it 👍🏻
Thank you SO MUCH for your video. It helped us a lot!!! Without this video we cannot fill our forms. Thank you
I have only watched 5 minutes of video so far, but 1000 thanks for doing this video. I got some confidence I can do my self-assessment myself.
Being my first time completing self-assessment, this was really, really useful and helpful. Thanks!
Thanks again for the new video for the next tax year.
I've been using your videos for a few years now
This platform is excellent
Thank you for clear guidance in a see of nonsense videos !! ❤
Why is there the burden to pay NIC2 for those whos taxable profits are below £6725 but those who earn £6725 to 12570 dont have to pay, despite the fact they earnt more?
I new to self employment as a sole trader since November 2023. Iv rang HMRC for a UTR number 2 months again but not had one sent. I Have signed up to a government gateway account which is all goodi have login details. Here's the problem... I'm submitting my ID which is my Driving licence & Passport but it's not accepting even though I have done this 4 times and all is 100% correct the details ...I now have only 1 attempt left before the gateway acoount is frozen . It's burning my head out the fact I'm wanting to do a self assessment but it won't ,etc me do it. I give up !
Hi, I hope you got your UTR number bc I am facing the same problem
I have also had this problem. If you look on the hmrc website and make a complaint and explain you keep applying but your not receiving it someone will call you and sort your UTR for you.
Have you got a tutorial on experience, what should you claim for and what not etc... Would really appreciate this many thanks
I keep getting a much higher number than I anticipated, it is as though I am paying 40% tax despite earning well under £45,000 per anumm in both my employed and self-employed jobs?
Top video, you are a legend!
Can you do one video with one job in McDonald's employment and one self employed please 😅
Having tried to speak to HMRC who are beyond useless, could you give any tips on how to fill out a LATE self assessment form, from the year 22/23?
Thank you very much, this tutorial was very useful
Thaks for your video!! quick question, in the question "did you recieve any dividinds, for example, from UK companies, (or dividends from foreign companies), I recieved a very small amount from US companies, like, 100 pound or less, should I declare yes?
Thank you - very helpful
I have just registered in the government gateway account. But cannot navigate to other pages on my screen. It says my income tax has not been calculated. What do I do?
Thanks , it was really helpful to fulfill, best wishes for u ❤
I get an error message on entry of under £50,000 turnover that reads "There is a problem
The amount entered for 'Turnover - takings, fees, sales or money earned by your business' exceeds the maximum annualised amount allowed for this field. Please amend or complete the full self employment pages instead." Would welcome someone offering an explanation as to why this might appear please.
why do I have to pay tax in advance ( payments on account) please?
When I lost my previous Job, my employer paid one month of my salary in advance and one month of my salary untaxed. Do I have to include the untaxed salary in the self-assessment application?
Thank you mate u r a star
Thanks, very helpful. I'm a self employed pensioner and receive state pension weekly (gross) and previous work pension monthly (tax deducted monthy). I can't see on the online form, where I can enter what's already been deducted - please can you advise. Thanks. Or would I enter it into a "more information" box?
I'm currently working 2 jobs while also registered as a sole trader for my own business. How would I go about doing my self assessment in this situation?
Hi my husband is self employed as a milk man but last year before we could pay our tax in jan 2024 for the year before we got a letter to say they had to close our account and they would have to send a new number,still waiting we have wrote loads of time but just cant log on without a new utr number,please help this will be the 2nd year without paying.
Excellent video! So good infact that I'm prepared to forgive the duckface on the thumbnail :)
Clasa 2 National Insurance is being scrapped next year? 👀 00:25:15
Hi iam diretor of ltd compamy, my only income salary and divident 23-24yr from same company , how should i file it , is that same as self employment ?
Could you please help me out with my return, I have a ltd company with a UTR no but 23/24 i used my personel UTR as i was being paid through CIS and im struggling filling in my return.
Hi, do you have any advise on how to complete the foreign income section with country that has already deducted 20% tax ?
Question if I was employed before I started my freelance do I need to tick yes under the very first question under Tailor your return?
Hi did a bit of work last year that brought me over 1000 trading allowance. How do i declare that? I dont have a business. Do i still tick the yes for over £1000 at point 3.59 asking if my turnover was more than 1k in total from all self-employents??
Hi
Thank you very much for your very informative vedio. I have got a question regarding extra money.
A uk tax payer has recently in June 24 started selling some old as well as new stuff on ebay.
My question is , this person who is already paying tax through his job does not need to do anything now or this year till March 2025 if his ebay earning is less than 1000 pounds.
Is my understanding correct.
Please clarify
If the side hustle (ebay) earns less than £1000 a tax year then HMRC do not need to know about it.
hi can u please help me as i have rented my property since September 2018 and have completed UK property income Self- assessment but i did not input mortgage interest at all, is there any possibility to know whether it is possible to claim this back since 2018?
Do I still need to do a self assessment as a company director of a limited company and also submit company accounts? Not clear on if I need to do both or just one? Also my first year submitting... yikes didn't know it was such a headache
hey are you do for emplyee and self employ tax retun for 2023/2024 what i mean i work for company and geting extra from rental property
Hi my husband became self employed last Oct 23. We were issues with a UTI number to reflect this. Since then all monies gained has been taxed by the employee. Does he still need to complete a self assessment? I followed your you tube video which was amazing by the way whilst completing the HMRC self assessment form but calculations state he owes tax which I am thinking can’t be right has he has paid already? Thank you for your advice in advance.
Where add grants from gov?
I’m more confused now than I was before I watched this video
What is the maximum amount of savings bank interest I can earn before paying tax. No other source of income.
hey ! its around £17570 if you dont have any other kind of income
I rent out my property on airbnb. Does this mean I am self employed?
Yes it does
hi on the finance costs for UK property - can i include my personal bank loans?
nope ! you can include only property related mortages/loan interest only.
I’m a builder and doing my tax return on the part of turn over is this the amount my boss has paid me after he’s taking the tax off
Just completed my first self-assessment and this video was a huge help - thank you!