How to Complete the “Self-Employment” Section. You only need to complete the self-employment section if it applies to you. That’s reasons like you work for yourself, are a sub-contractor under the CIS scheme or a registered Foster Carer.
– Click on “Enter self-employment details (page 2)”
You’ll be presented with the first page of the self-employment section and it asks a question that determines which pages you see next.
HMRC ask whether you had an annual turnover of £85,000 or more, this is the VAT registration limit. So if you have crossed this, you may need to register for VAT if you haven’t done so already.
What You Need to Do
– Calculate your business turnover
– If your business turnover during the tax year was less than £85,000 choose “no”
– If your business turnover during the tax year was more than £85,000 choose “yes”
While I have made every attempt to ensure the accuracy of the contents of the “Straightforward Guide To Completing Your Self-Assessment Tax Return”, I cannot accept responsibility for any losses or penalties you may incur while following the contents. I have prepared the contents for a wider audience so you may need to seek additional assistance relevant to your own personal situation.