Can I claim expenses from self employed income against PAYE?

Posted by nannylaura PM | on Tue, 03/04/2012 - 17:53 6593 7 comments | report

Hi there,

I have recently registered as self employed and will have minus £700 earnings for 12/13. This is due to no income yet but set up costs. (I am sure that everything I have noted as an expense is allowed)

I am also employed and have paid PAYE all year through my wages.

My question is: When I am filing my self assesment I will quote my earnings and tax already paid... this will create an over payment of £700 (I think, assuming that i have been taxed corretcly throughout the year, although obvoiusly I havent had my P60 just yet)

I have been advised that this means I can claim that amount back... but now someone has told me today that you can't claim expenses off of PAYE earnings..? Who is right?

Many thanks.

Comments

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Can Offset These Losses

petergrove | Tue, 03/04/2012 - 20:46

Earliest year first

Kent accountant | Wed, 04/04/2012 - 09:24

Ah yes, sorry - 11/12 :)

nannylaura | Mon, 09/04/2012 - 13:58

Are they actual losses or

julieanneecc | Mon, 09/04/2012 - 14:31

Tax Return completion

DMGbus | Tue, 10/04/2012 - 13:39

Thanks - I'm now even more

nannylaura | Tue, 10/04/2012 - 17:16

Silly question but....

Matilda32 | Mon, 28/01/2013 - 19:29