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
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.
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?
