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SELF EMPLOYED UK - How to complete the 20/21 SELF ASSESSMENT TAX RETURN - Step by Step

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Description SELF EMPLOYED UK - How to complete the 20/21 SELF ASSESSMENT TAX RETURN - Step by Step

Comments SELF EMPLOYED UK - How to complete the 20/21 SELF ASSESSMENT TAX RETURN - Step by Step

I hope this video helps a few people Please remember to like and subscribebrYou can also checkout our investing channel trader_uk (link in description)brbrPay As You Go Tax & Accountancy Questions To:brtrader_uk@outlookcom Comment from : Tax2u Limited

Hi i have a question I make small investments via seedrs and need ro do ky tax return for seond year Now one of fhe businesses has crumbles i got a small payment of £232 due to low vlauation but i paid £30 for the shares and i did claim relief when i bought the shares in last uears tax return Now i seen something about able to claim somemlnwy back from the loss How do i do that on tax return brAlso am i able to claim futther releof for buying more shares in a companysince my last tax return when i claimed reloef? brOne last thong it asks about state venefits but i get pip so do i need fo say yes because when i do it only asks about pensions brbrThabk you Comment from : Capture the loss

Very helpful thank you Comment from : PlazaGlamz

Thank you for this video, very helpful Is there any free tool that can help us accurately forecast our self-assessment bill? So far I had to create a draft self-assessment to forecast it, but I believe this option is available only after the end of the tax year and only if you haven't already submitted a return This would be helpful, as an example, for me to understand how much to contribute in a SIPP to minimize the tax bill The calculators I've found online so far are simplifying too much and their results are inaccurate Comment from : Alessandro Riconda

Hi quick question please, I have 2 self employed and each one they asked my about SEISS, I only recieved 1 payemt, if I enter the payment it would be double expenses!! shall I split the SEISS amount between 2 jobs or shall I put it in one of them and keep the other zero??? thanks Comment from : Gaz Haddad

I have a question about foreign income If I'm self employed and I offer online services, does having a client abroad count as foreign income? If so, does it still count if I get paid in pounds? Comment from : Lucía Inglese

Have you made video about property self assessment tax Comment from : Drifter077

what does SEISS mean in simple terms Comment from : zeiad alkandari

Very informative video even for 2021/2022, just a shame the website isn't allowing me up file a tax return now even though i've been doing it for the last 5/6 years! Any idea who to call that isn't a website chat robot? Comment from : Scott Dhaliwal

Thank you so much!! this actually saved my last minute tax return, you made it so easy for us! Have a lovely year, for the next year I will be here again! Comment from : moto music

Man!! I can not thank you enough for your 40minutes of your time! Your approach is very clear, you're very articulate, and precise, and you do not use any scary jargons Comment from : Sseguya Kakeeto

Such a helpful video I was worried self employment would be so confusing You made the form super easy Thanks a lot pal 👌👏🙂 Comment from : Seal’s Cards

গুড ভিডিও Comment from : j n sound

Good video Comment from : Bashir Ahmed

Also how do you view your last return to get details of the loss etc as I had an accountant do it who went out of business and it's not showing up in my HMRC account Thanks! Comment from : Treat Trunk

This is really helpful thank you! It would be great to know a bit more for families such as I think I read that if you're a stay at home mum you have NI contributions submitted on your behalf so that you don't lose out on that 35 years? Comment from : Treat Trunk

How do you get a tax refund? Comment from : Wheel Trappo

thanks for this, have u done a paper Tax form vid yet? Comment from : Rudi

As a self employed consultant I only have one client how does this affect me with being self employed and IR35 ? Comment from : Andrew Curnow

Who can done mine I'll pay 50 quid lol this giving me headache gotta do 2020 2021 also 2021 2022 Comment from : Blueasbestos1

7 Comment from : Вікторія Черній

Hello anyone can help with tax return Comment from : t Payne

Just what I needed! Comment from : david price

hello thank you for your help butbrwhere the hell do I enter my bank detail so they can pay me?? I have no options been looking twenty minutes lol ! Comment from : Everythings_A_Lie

thank you :} Comment from : Gary Anderson

perfect Comment from : Lara2pro

what about income coming from crypto? there doesnt seem to be any box for that Comment from : J P

any idea why it doesn't ask for bank details for any repayments? Comment from : jack james

Thanks 🙏😊 Comment from : K T

legend! Comment from : Tom Poynor

very useful and clear Comment from : Iga Koncka

Thank you so much for this video it really helping me to do my tax return as a self employed Comment from : Sonia Laujin

You mentioned if you have a small business turnover under 1000 pounds you don't have to disclose this! Is that 500 pounds for the whole year or per month I sell a few private items that make me 450 pounds per month do I have to disclose this Comment from : back chat TV sports

Absolutely fantastic This guide was so immensely useful and the explanations and examples made everything more palatable👍 Happily subscribe and am very grateful 🙏 Comment from : Offcore

Is the income box where you entered "£50000" before or after tax? Comment from : Will Hunt

Hi so I'm on cis scheme , I'm not sure if I should enter income before tax or after tax , for some reason its saying im only due 1600 bk even though I put in 1300 in expenses and paid tax even on the first 12500 that's meant to be tax free I'm so confused Comment from : kenny brown

this might sound stupid but if i havent made a profit this year, is that classed as an income tax loss ? Comment from : Alex Garrick - Actor

If I started being self employed from 01/04/2021 till now when do i have to file my first tax return? Comment from : Kelvin Tackie

Cant hear a word Comment from : Paul Walters

Hi mate, Whats up with the "total to be added to self assessment account - £12,431" - why is that amount so high? thanks!bredit - Does that include the previous year where you haven't completed the full payment yet? Comment from : Adam Couser

Thanks so much for this video! a small question if I may - on the income page, have received this error - 'The amount entered for 'Turnover - takings, fees, sales or money earned by your business' exceeds the maximum annualised amount allowed for this field Please amend or complete the full self employment pages instead' why do you reckon this is? the figure I put in before went through, but when I came back again to the page to correct something in the expanses, this happened Thanks so much! Comment from : Omri Dagan

Thank you for your time and a very informative tutorial :) Comment from : Grzegorz A

cant hear you Comment from : Jason

how much do you need to earn before you need to do this? Comment from : X O

Excellent video Really useful and explained perfectly brThank you 👍 Comment from : N3OVR

Is it still self-employment if someone works as an online vendor for a drafting service for example? Comment from : Sheila Clarke

What if I am both Employed and self-employed? Comment from : Elphin Mcguinness

Hello Mrs Sonia the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy Comment from : George Hernandez

You were great, very helpful Will you be doing one in vat? Comment from : Naomi C Robinson

Thank you so much!!! Comment from : Sophie C

Seemed very thorough Thank's for posting film Just hop i now get it right Comment from : Stephen Rowe

What happens if we miss the cut off point, how much do they fine us ? Comment from : Tom Williams

volume is not loud or clear very poor audio Comment from : Ginger Indian

Date your books or accounts are made up to: breg dd/mm/yyyybrbram entering 05/04/2021brbrThe date entered for 'Date your books or accounts are made up to' is in an incorrect format Dates must be entered in the format dd/mm/yyyy Please amendbrwont except the date Comment from : kevin martin

Hi I start my cleaning Business on November 2021 do I have to tax return this year? Comment from : Bardha Kola

Extremely useful Thanks Volume was a bit low though Comment from : Frau Blucher

Very helpful thanks! Comment from : Erwin Schulz

I stuck with my tax return on "pay class2 National Insurance" as my profit is under the threshold but I want to pay voluntarily Class2 NI, I tick on "yes" and when I want to save and continue is impossible and it shows me "error" Can you advise me what can I do? Comment from : Ane Isa

Simply a great video !!! Thank you !!brI am sure that many many people got great help from this video Comment from : OSCAR TAKO

Thank you very much for providing this vital help, this was the best thing I used to navigate through This really saved me from missing the deadline Real life saver Comment from : E P

Thank you very much Sir 👍💯 Comment from : 1313AslanBey

Thank you so much for this video!!! Invaluable job Comment from : lagudi

This was so brilliant, thank you I filled in my first tax return with your help Comment from : Tracey Pemble

LIFESAVER Comment from : ThePumpkinEye

MASSIVE THANK YOU !!! Soooo easy to follow with plenty of clear explanationsTHANK YOU :) Comment from : HappyTrash1

I need some help on the ceased business question As I have a hospitality business we were in a lock down from march 2020 to June 2020 So should I be saying ceased business or not as we did trade for 2months in July and august as lockdown eased up Comment from : Saqib Shaikh

I watched this and found it really helpful especially with the government grants to declare Thank you Comment from : Tracy Harley

Thank you Your video was clearly explained and at a good pace You resolved at least one of my unresolved queries and I am very glad I watched this! Comment from : Little Studio Lakes

thanks for this, can i ask where and when you would declare a business loan ? i am self employed and a sole trader My repayments start in April and I am guessing I will not list the as an expense if I do not count the loan as income Any help would be really appreciated Comment from : B F

I have logged my mileage on an excel spreadsheet, which included the starting and ending locations and the number of miles per trip per date Would it be necessary to attach this information to the self-assessment before submitting it? Comment from : Ray & Sammy

Can anyone help me im trying to fill in my return now and where it mentions coronavirus job retention schemes in this video it says optional but on my return it doesnt so when i enter 000 its telling me it needs to be greater than zero but i havent recieved any ? If anyone can help me i would really appreciate it Comment from : kami kaze

Thanks great video Comment from : stephen robson

Thanks so much for this! Comment from : Mr Newlands

im a nervous tax submitter, i always fear im going to enter the details and end up with a huge bill and this year the seiss questions confused me and im so grateful i found your video it put me at complete ease subscribed and liked :) Comment from : Liam Beale

Thanks for the video it helped me a lot!!! Comment from : Robert Chlaściak

Turned a scary unknown into a huge relief ! Thank you :) Comment from : conkers bonkers

Thank you so much It was so helpful and I was able to speedily complete the form Comment from : Vanessa Freeman

Thank you!!!! Comment from : Henna

Can someone help :)brbrSo from what I understand the tax year of 2020 to 2021 is April 6th 2020 to April 5th 2021br brI started my small business on 20th of December 2020 so does that mean I only have to file my expenses and income between 20 December 2020 to 6 April 2021? Comment from : t chow

Hi just a quick questionbrWhen i got to the overpaid tax part instead of letting me enter my bank details it stated i would have to wait 72 hours after return was submitted before i could claim it back any ideas why this is? Tia Comment from : monkey061

I suddenly realised I need a hearing aid Comment from : James Mulvenna

Excellent Thank you for a truly professional Video Comment from : Duncan Jameson

Thank you so much for this video🙌🏼🙌🏼 Comment from : Jules Wong

Can anyone help me please? I need to claim back the extra 20 onbrmy company pension as I’m a higher rate taxpayer I cannot find the section anywhere on my onlinetax return! Comment from : Victoria Clay

So i started working in june 2021 do i put my earnings in or not i dont understand this Comment from : xyieni

I can't actually thank you enough for this, I had this on while filling out my return and you made it very simple, keep up the good work Comment from : PJF Dourley

Fantastic, clear and concise!! No more worrying! Comment from : Mary Miller

Thank you so much! This is a life saver and a great further information on all the other buttons in use! 🙏🙏 Comment from : Manjula Jools

Ok So, thank you THANK YOU Comment from : J i m

cheers ,mate it was very helpful Comment from : Jakub Zygadlo

thanks my friend this was very helpful God Bless! Comment from : dada f

Very helpful and informative Thanks Comment from : vivian iguyovwe

Hi Great video tutorialbrI wandered how much is aloud this years tax free, and the experience on self employmentbrLast year was free tax up to 12k plus 5k on expensesbrAny idea how much will be this year?brbrThank you Comment from : Soft Obd2

Thank you so much! Just what I needed! :) Comment from : Anita Ernszt

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