hi, just after some advice. i am self employed and sub contract to a company. my tax gets stopped at source every month. i have worked out that before tax i made 19175 and my outgoings are 10174. will i be due any return or will i owe. and is it easier to do self assesment online rather than paper self assessment
You're obliged to register for self assessment from commencement of self employment - therefore you'll need to prepare a tax return whether there is a refund or not. From what you say, a refund is likely as you have had tax deducted at source. If you are you a building sub contractor, then most of the tax will be refunded if you have no other income in the year.
I'd say online is easier as it follows a flow-chart procedure rather than reading through the notes until you can request the correct supplementary pages.
Hope you're not registering late as self employed although I haven't come across anyone being fined providing they file a tax return on time.
