How To Complete The 22/23 Self Assessment Tax Return - SELF EMPLOYED

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  • čas přidán 31. 05. 2023
  • If you're self employed, this tutorial will demonstrate how to complete the 22/23 self assessment tax return. The on screen walkthrough will show which entries need to be made as a self employed individual.
    Need help with your tax return? Use one of the forms below
    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

Komentáře • 477

  • @user-zi2er5ol6g
    @user-zi2er5ol6g Před rokem +47

    This was so useful! I set up as a self employed dog walker in November 2022 on top of my full time job and it felt like an absolute minefield! I now feel confident completing it myself. Thank you.

    • @perrysrawsoul
      @perrysrawsoul Před rokem +2

      thanks for your comment - im in the same situation, attempting myself now

    • @xkanal8188
      @xkanal8188 Před 11 měsíci +2

      sorry to disturb, I have a day as same as you and additional do some extra work, what did you pick for the first questıon?

    • @dorotheanewham4264
      @dorotheanewham4264 Před 8 měsíci +2

      ditto, part time employed and self employed, now I feel more confident to do it myself and not pay an accountant!

  • @mariadillon860
    @mariadillon860 Před rokem +9

    Great video - really well presented and so informative 🤗You saved me the cost of paying someone to check over my Self Assessment that I have completed today for 2022/23. After a final check I will happily submit it 👍😃🤓

  • @oneactplaywright
    @oneactplaywright Před 9 měsíci +9

    Finally, an amazing video from a very eloquent guy. This was really helpful in clarifying a lot of things. Thank you.

  • @aoifemorgan3118
    @aoifemorgan3118 Před 6 měsíci +2

    Thank you! This is truly the most helpful and easy tutorial on youtube. This is my second year using and will be back next year again. Its very much appreciated!

  • @laurenlikesmusics
    @laurenlikesmusics Před 5 měsíci +5

    I can’t tell you how helpful these are, I’ve been using your videos for the past 5 years when it comes round to this time of year. Thank you! ❤

  • @georgiearabella
    @georgiearabella Před rokem +10

    This was very helpful and a nice feeling to go along with it with someone in the background - I work much better that way. My return was easy and straightforward. Thank you!

    • @mohsenfakhri9842
      @mohsenfakhri9842 Před 2 měsíci

      How did you find this page tailor your return can you explain please i have got HMRC app

  • @razaharoon3091
    @razaharoon3091 Před rokem +13

    Wonderful, simple and easy. You have explained in such a nice way. Extremely helpful. Thanks 🙏🏼

  • @lesburybear
    @lesburybear Před 9 měsíci +3

    Thank you so much for this video. Very reassuring to listen to someone go through everything, checking my own work at the same time.

  • @saheddd
    @saheddd Před rokem +7

    Second year I filled my tax return watching your videos thanks bro 🙏

  • @Amelia-Elizabeth
    @Amelia-Elizabeth Před 7 měsíci +120

    Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

    • @Patricia-Margaret
      @Patricia-Margaret Před 7 měsíci

      @rachealhubert74 Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

    • @ReeveLoon
      @ReeveLoon Před 6 měsíci +2

      Bot

    • @ReeveLoon
      @ReeveLoon Před 6 měsíci

      @rachealhubert74 Bot

    • @campcop9214
      @campcop9214 Před 6 měsíci +1

      Fortune favours the brave. "Sir Francis Drake"

  • @roxanaosorio4210
    @roxanaosorio4210 Před rokem +4

    It was so useful to find your video, answering all my questions, that I did my tax return with HMRC without problems. Thank you! very much appreciated!

  • @andrewmiller6049
    @andrewmiller6049 Před 8 měsíci +3

    Brilliant. Have completed my own return with help of this video. Gave me confidence I had completed it correctly and saved me a fee for someone else doing it for me. Thanks so much

  • @kerryturner-long9765
    @kerryturner-long9765 Před rokem +6

    You literally saved my sanity. Thank you 🙏

  • @clapzimprinted3619
    @clapzimprinted3619 Před 8 měsíci +1

    Brilliant thank you with being a first time self employed person part time. Learnt alot.

  • @gemmahayden2704
    @gemmahayden2704 Před 6 měsíci +3

    Thank you so much for this, I've been panicking as I have never done it myself. Very very helpful and easy to go along step by step

  • @loorob68
    @loorob68 Před 6 měsíci +3

    Thank you so much for another excellent "How to Complete a Tax Return' video. I have filed my own tax returns for the last 3 years which has been made possible by using your videos. Once again, you have made it all so much easier to understand with clear and concise information and it's a weight off my mind. Thank you once again and please keep them coming.

  • @AngelaPeters
    @AngelaPeters Před 5 měsíci

    So incredibly helpful every year. Genuinely tell everyone I can about what Tax2u do. Any customers you get after being so kind and sharing all this information for free is brilliant. I do wish all businesses were as transparent as your team. Thank you!

  • @Vidjay1
    @Vidjay1 Před 6 měsíci +3

    Very clear and pretty straightrorward! Thank you for this nice video!

  • @charityallsorts
    @charityallsorts Před 6 měsíci

    Straightforward and helpful advice, which made completing the self-assessment return a lot less overwhelming. Cheers!

  • @cathymorton4736
    @cathymorton4736 Před 3 měsíci +1

    I knew nothing about completing self assessment. This video is amazing and takes the “fear” out of it and goes through the form page by page. I totally commend the information and the way the presenter has explained it in a marvellously simple way.

  • @lindam289
    @lindam289 Před 6 měsíci

    Thank you so much for this detailed, clear and precise lesson. You have melted all my stress of Tax Retuns. ❤

  • @jothompson9122
    @jothompson9122 Před 11 měsíci +2

    Fantastic it's so good to understand the whole system more thank you! 🎉

  • @whir4us
    @whir4us Před 6 měsíci +4

    Can I say a great big massive thank you. Could not get my head around this, but you helped me through out. My very first tax return. Thanks again

  • @karenlove4025
    @karenlove4025 Před 6 měsíci

    Super helpful. Thank you for your clarity and pacing the information in a comfortable way.

  • @user-uq3tv3gm9l
    @user-uq3tv3gm9l Před 3 měsíci +4

    Super helpful and better than any government HMRC explanations-thank you

  • @Nintendojunior1010
    @Nintendojunior1010 Před 6 měsíci

    very informative. i never leave any good comments to any youtubr platform but wowwww he explained it all and never miss ANY DETAILS LOVE FOR HIM

  • @SimRacingCorner
    @SimRacingCorner Před 6 měsíci

    Just a note to say thanks for the videos. These have been very instructive to help me understand the process and guide me through the online form filling. 👍

  • @klashnacovak47
    @klashnacovak47 Před 3 měsíci

    Thank you for the help and confidence needed to fill out my first proper tax return. Made it very eay and clear to go fill out as you spoke and showed each step.

  • @safjade
    @safjade Před 6 měsíci

    This helped submit my first tax return, many thanks for the clear and concise info!

  • @idontknowsaid
    @idontknowsaid Před 6 měsíci +2

    God! I wished this video was available when I completed my first tax return back in 2017! It was soo confusing lol - after many years and not hiring an accountant I still get confused when doing my returns, so thank you for this video!

  • @Elwooddudes
    @Elwooddudes Před 3 měsíci

    Thanks again for the fantastic help! First year of true self employment… just sitting here with receipts etc now ready to start my return

  • @carolward1142
    @carolward1142 Před 6 měsíci +2

    This is brilliant - thank you so much!!! I used similar video last year and am back again ... especially grateful for your really clear explanation of payment on account ... now I understand!! :)

  • @justinbowers6686
    @justinbowers6686 Před 5 měsíci

    Fills me with dread every year, your walk through are so helpfull. Thanks very much.

  • @davidbanks8179
    @davidbanks8179 Před 8 měsíci +1

    Brilliant, concise video, thank you.

  • @cockneycutie30
    @cockneycutie30 Před 6 měsíci +4

    Thank you so much for providing such a helpful video. I've just done my first one and was so nervous about it. Honestly, thanks so much :)

    • @tax2ulimited
      @tax2ulimited  Před 6 měsíci

      You are welcome. If you need help, just sends us an email to info@tax2u.co.uk and we can provide a competitive price and help you.

  • @sukottora
    @sukottora Před 19 dny

    Thanks for being the grown-up in the room. Really felt confident tackling the tax return on my own.

  • @lianablacknanos
    @lianablacknanos Před 8 měsíci +6

    So helpful!! Every year I fill my tax return stress free just following the video step-by-step! Great work!!

  • @Shralps
    @Shralps Před rokem

    Very helpful. Much appreciated!

  • @99snapsnap
    @99snapsnap Před 5 měsíci

    Thank you so much.Very helpful and calming.

  • @jcontracting2603
    @jcontracting2603 Před rokem +3

    Bro your a life saver 💪🏻😅

  • @stevetootell
    @stevetootell Před 9 měsíci +1

    invaluable last year looking forward to a great guide again

  • @pauletteroberts4090
    @pauletteroberts4090 Před 6 měsíci

    This was so helpful, as my first year as self employed thank you

  • @helencampbell
    @helencampbell Před 7 měsíci +1

    Hi Adam - thank you so much for this - really helpful

  • @amazinggrace9573
    @amazinggrace9573 Před 5 měsíci

    This is so helpful, thank you so very much I just submitted my tax return 1 minute before midnight and it went through😅. I will definitely subscribe your channel. God bless you

  • @soosookim5819
    @soosookim5819 Před 9 měsíci +1

    THANKS SO MUCH! You're an absolute SUPER STARRRRR!!

  • @Ambersmusic11-.
    @Ambersmusic11-. Před 8 měsíci +10

    I’ve been paying over £330 a time for my accountant but I am going to do my own as I only worked 3 months before I went on maternity. Thankyou so much

    • @tripleggg4786
      @tripleggg4786 Před 4 měsíci

      Hey, am in a similar situation did you make under your personal allowance by any chance for those 3 months?

    • @Ambersmusic11-.
      @Ambersmusic11-. Před 4 měsíci

      @@tripleggg4786hi sorry what do you mean? I completed my tax and everything came back fine so I’m glad I did it myself. I did make anything for myself in the 3 months as my outgoings were more then what I took in as I had days off from my pregnancy etc

  • @fuzexi
    @fuzexi Před 6 měsíci

    15:23 Thank you for clarifying about Universal Credit!

  • @arabellareynolds6084
    @arabellareynolds6084 Před 10 měsíci +1

    This is so helpful and explained well. Thank you

  • @claireswan7187
    @claireswan7187 Před 3 měsíci

    Thank you for the very helpful vlog, just filled in my first tax return with your help 😊

  • @Juli90246
    @Juli90246 Před rokem

    Ghana you very much!!!! You’re awesome 🎉

  • @lorrainehalliday3359
    @lorrainehalliday3359 Před 6 měsíci +1

    Thank you so much, well explained - Top man

  • @Mr23million
    @Mr23million Před 11 měsíci +1

    use your video each year, I am grateful, thank you

  • @preitikaur883
    @preitikaur883 Před 6 měsíci +9

    Thank you for this walk through, it has been a god send. I finished my first tax return in less than 2 hours. Thank you!

  • @wjstephens
    @wjstephens Před 5 měsíci

    Many thanks for this, really helpful and clear guidance.😀

  • @AliXxx-cb3we
    @AliXxx-cb3we Před 8 měsíci

    Absolutely great, mate you a dimond, many many thanks 😊

  • @ridingdigital
    @ridingdigital Před 8 měsíci +1

    Thanks for the video! It would be super useful to have a video on self assessment for higher tax rate employed as well as self assessment

  • @bobpattenden
    @bobpattenden Před 11 měsíci +8

    Ive been self employed for 3 years now and this is the first place I go to before filling out my self assessment, thanks for making these videos every year.

    • @tax2ulimited
      @tax2ulimited  Před 10 měsíci +2

      Perfect, I am glad you find it useful

    • @deshawnE
      @deshawnE Před 10 měsíci

      did you try doing the cash hack platform i did cash hack just a couple of days ago and got paid $10,000 in just a couple of hours

    • @parkashmagar8468
      @parkashmagar8468 Před 3 měsíci

      is it UK taxation

  • @michellebox7975
    @michellebox7975 Před 5 měsíci

    A massive big thank you so much wow it's finally done

  • @worzelgummidge3617
    @worzelgummidge3617 Před 6 měsíci

    Fantastic video, will be really usefull when I totally complete my first tax return tommorow 👍

  • @gabcreative
    @gabcreative Před 6 měsíci

    Thanks very much for this. Very helpful 👍

  • @shirleyw4708
    @shirleyw4708 Před 9 měsíci +1

    Thanks a lot! Reading it right now. I'm a Canadian just moved to the UK, there's so many differences between Canada (Quebec) taxes and UK taxes!

    • @tax2ulimited
      @tax2ulimited  Před 9 měsíci +1

      Interesting! I bet there are many differences. If you need help please email us at info@tax2u.co.uk

  • @James.R.Phipps
    @James.R.Phipps Před 7 měsíci

    Great video, thank you!

  • @z.k8142
    @z.k8142 Před 7 měsíci

    Thank you, easy and straightforward advice, helpful 👍. Pls keep up

  • @smellthecoffee5314
    @smellthecoffee5314 Před 6 měsíci

    Thank you so much.
    Subscribed
    Very good video

  • @user-ds2xj2xf7e
    @user-ds2xj2xf7e Před 2 měsíci

    Thanks mate! Very helpful!

  • @lmd37
    @lmd37 Před 6 měsíci +1

    A really excellent video that was indispensible. Many thanks.

  • @koname-vr8jn
    @koname-vr8jn Před 5 měsíci

    very accurate explanation excellent step by step guide thank you very much this video helped me alot

  • @lynnshaw5606
    @lynnshaw5606 Před 10 měsíci

    A really useful video, thank you very much

  • @invalidude
    @invalidude Před 8 měsíci +4

    This was great to follow! Thank you so much!
    Only one thing I don't understand: Why does the amount subjected to Basic Rate taxation (£37,430.00) differ from the one subjected to plus Class 4 National Insurance contribution (£38,092.00)? How is the latter calculated?

  • @georgienchev715
    @georgienchev715 Před 3 měsíci

    Brilliant ☺☺☺☺ Thank you , that was what i need !

  • @jpflooring
    @jpflooring Před 9 měsíci +3

    brilliant, helped me out massivley with my return, used to pay £100s for accountants, didnt realise it was this easy!

    • @tax2ulimited
      @tax2ulimited  Před 9 měsíci

      Good to hear, thank you

    • @evansrenee723
      @evansrenee723 Před 4 měsíci

      I have a question... As I am paid CIS , I have worked for a short time with an agency.. the p 60 was submitted by the agency and now I am confused in finishing tailor for me bit in the assessment

  • @christianbelchior1506
    @christianbelchior1506 Před 9 měsíci +1

    Thanks, it was very useful.

  • @Unpluged1
    @Unpluged1 Před měsícem

    Very helpful, you are a legend ❤

  • @RenataRazmiene
    @RenataRazmiene Před 3 měsíci

    It helped a lot. Thank you

  • @eyeinthesky74
    @eyeinthesky74 Před 3 měsíci

    Well explained thank you👍

  • @adamfarid1788
    @adamfarid1788 Před 3 měsíci

    Thanks very much very helpful video

  • @samhobbs9116
    @samhobbs9116 Před rokem

    Cheers. See you next year.

  • @Shralps
    @Shralps Před 3 měsíci

    Used for the second time. Thanks again.

  • @williambishop4971
    @williambishop4971 Před 6 měsíci

    Very informative and well delivered

  • @catherinebrench2195
    @catherinebrench2195 Před 3 měsíci

    Thank you so much, just about to start my own small business (So scary!.)

  • @somewheredifferent
    @somewheredifferent Před 2 měsíci

    Very helpful. Be great to know exactly what the expense columns are in the self-assessment - so I can match my accounting app to be the same so that when I fill in the form it all matches up.

  • @tobyolan5032
    @tobyolan5032 Před 8 měsíci

    Thank you very much🙂👍

  • @numberonesuperman
    @numberonesuperman Před 6 měsíci

    Really enjoyed this video thanks. I'll definitely be in touch if your services are required when I start my business this year.

  • @user-xf9lq2cg5d
    @user-xf9lq2cg5d Před 6 měsíci

    Brilliant! Thx

  • @harestileheep9312
    @harestileheep9312 Před 7 měsíci

    Very very helpful, thanks.

  • @paulseik22
    @paulseik22 Před 6 měsíci

    nice and easy to follow

  • @thhhumbsup4718
    @thhhumbsup4718 Před 6 měsíci

    Thank you very much

  • @SarahKhan-
    @SarahKhan- Před 6 měsíci

    Thanks very much

  • @auntierainbowauntierainbow2995

    Thank you so much for your video. May I know which section should we choose if we have overseas saving interest from the bank to be declared?

  • @user-mm2lx4cy5s
    @user-mm2lx4cy5s Před rokem

    Could you do a video on a partnership return? Thank you!!!

  • @alicedegrassi7827
    @alicedegrassi7827 Před 6 měsíci

    Hi there, thanks for the video! This might be a very dumb question, but I work for two agencies and they were listed in the employment section, rightfully so, but I also work freelance and did a couple gigs by myself. My question is: In the turnover, do I put what I earned as a freelancer + what I also earned with the agencies, or just what I earned as a freelancer? Thanks!

  • @AlexN0me11
    @AlexN0me11 Před 8 měsíci +1

    Do you have a video that covers self assessment being employed in a full time job and a self employed job?

  • @annegallienvoices
    @annegallienvoices Před 7 měsíci

    MERCI SO MUCH !!!

  • @lathankyparanchothy7106
    @lathankyparanchothy7106 Před 5 měsíci

    Hi, thank you so much for this video! You are a lifesaver!! I am not sure if this is the correct place to ask but I have accidentally put X in the section "If any of your businesses received coronavirus support payments (such as CJRS) you must put ‘X’ in the box to declare that they have been included when calculating profits in the period of this return" even though I have never claimed or received coronavirus support payments. Will this be a problem?

  • @sharonlewandowski1138
    @sharonlewandowski1138 Před 7 měsíci

    Which page and box {es} do I use to declare my two payments on account On January 31 and July 31 respectively arising from my 2021-22 tax position total?

  • @MC10155
    @MC10155 Před 8 měsíci

    Amazing vid thanks. So if I use cash basis I do not need to note my expenses as I would get the 1000 tax free?

  • @stavrosbolos2852
    @stavrosbolos2852 Před 5 měsíci

    Thank you very much! Do you pay Nin contributions together with tax or separately?

  • @emergencyenglishteacheresl2763

    This is crystal clear thankyou. I joined the non-resident landlord scheme in July 2023. I was a non-resident in the 2022 - 2023 tax year...Do I have to still do a return for 2022-2023 ?

  • @lisahedges7967
    @lisahedges7967 Před 6 měsíci

    Thank you, this is very helpful, can you tell,me why it won’t allow me to enter my income, it keeps saying it’s the wrong amount.

  • @takiatravels
    @takiatravels Před 8 měsíci

    Thanks for the awesome video :) I've followed your video and tried to submit my return, an error message is showing. It says Submitting and under it in small writing "A problem occurred when you sent your return". It's been an hour but I'm still not able to check if I've missed anything and resubmit. I think I didn't click tick on the last optional section where it says has coronavirus calculations been added. Your help will be really appreciated. I have no idea how to resolve this :(