Hello,
I know close to nothing of the world of accountancy and would be thankful for your advice.
In the fiscal year 2019/2020, I was:
- Unemployed from 04/2019 - 08/2019: Earning £0 in total.
- Self-Employed as a motorcycle courier from 08/2019 - 12/2019: Earning £3838.30 in total.
- Employed from 11/2019 - Present: Earning £23,000 per annum.
Whilst Self-Employed, the courier companies I worked for did not pay taxes on my behalf. I have registered as Self-Employed, however don't fully understand the process from here.
How do I calculate the sum I must pay to HMRC?
How and when must I pay?
I have read that I am entitled to claim 24p per mile ridden whilst employed as a motorcycle courier. When and how do I do this? What other expense should I include?
Thank you very much for your time, I would greatly appreciate any assistance.
Kind Regards,
S.R.
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Replies (6)
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You'll almost certainly be due a repayment.
Wait till 6 April 2020 and take your details to a budget tax shop that offers to complete your tax form for £100+VAT.
Just to mention you have a date wrong , 12/2020 really only being possible if you had the motorcycle equivalent of a DeLorean.
Did you claim Job Seekers Allowance 04/19 to 08/19 as that is taxable
What were you working as in the year to 05/04/19 and did you submit a tax return ?
If you submit your tax return online, all the calculations are done for you and you can view the amount before you submit.
2019/2020 tax returns are available for completion from 6 April 2020 but in practice you will need to wait for a P60 from your current employer.
Within the self-employment section of the tax return, you will be able to enter your expenses - such as the 24p/mile you mention.
