jusluce
Well-Known Member
No worries xx
I've just signed my business up this month but am yet to earn anything will they still want me to fill in a tax return
The tax year runs from 6th April to the following 5th April.
Tax returns to be submitted just now online up to 30 January 2014 are for the tax year 6th April 2012 until 5th April 2013.
Since you did not have a business between those dates you do not need to do a tax return right now.
Your current tax year will be a partial year running from whatever date you started last month in 2013 until 5th April 2014. HMRC will send you paperwork regarding this nearer the time, but your tax return will be due either by 31st October 2014 if submitting a paper return or January 2015 if submitting it online.
Is this clearer?
I hope to give an accountant all my info about ingoings and outgoings every April. No accountant has mentioned anything about me needing to do anything online and I hope it stays that way! I'm guessing I don't need to do the online bit coz someone will have already done the maths etc for me on paper in April?
Do I have to take my tax credits into account when calculating my income
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One other question. I was on benefits before starting up so do I include this in my yearly earnings? This is so confusing seeing I only started in march 2013 so only have 1 month to self assess x
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