Tax Allowances 2013 - 2014
VAT - When and how to register and payment methods
if you believe your turnover will be £78000 or over then you will need to register.
When and how to pay National Insurance contributions (self employed will normally pay class 2
Working out Tax and NIC for employees simple calculator
Tax Returns
Please note 1st year of trading will require at least three returns these will be SA100 The self assessment element , SA102 Includes previous employment and details under PAYE and SA103 this is the returns for your business profit and loss.
SA100 - Tax Return (2012)
- Use form SA100 to file a tax return, report your income and to claim tax reliefs and any repayment due. You'll need some supplementary pages for certain types of income and for capital gains
Frequently used supplementary pages
SA101 - Additional Information (2012)
- Use the SA101 supplementary pages to record less common types of income, deductions and tax reliefs, and provide information about Income Tax losses, pension charges and tax avoidance schemes for the tax year ended 5 April 2012
SA102 - Employment (2012)
- Use the SA102 supplementary pages to record your employment details when filing a tax return for the tax year ended 5 April 2012
SA103S - Self-employment (Short) (2012)
- If you're self-employed, have relatively simple tax affairs and your annual business turnover was below £73,000, use the SA103S short version of the Self-employment supplementary pages when filing a tax return for the year ended 5 April 2012
SA103F - Self-employment (Full) (2012)
- If you're self-employed, have more complex tax affairs and your annual business turnover was £73,000 or more, use the full version of the Self-employment supplementary page when filing a tax return for the tax year ended 5 April 2012
SA104F - Partnership (Full) (2012)
- If you are a member of a partnership and do not qualify to use the short version, use the full version of the SA104 supplementary pages for the tax year ended 5 April 2012
SA104S - Partnership (Short) (2012)
- If you are a member of a partnership, use the short version of the SA104 for the year ended 5 April 2012 if you are only declaring trading income, and interest or alternative finance receipts received after tax from banks or building societies
SA105 - UK Property (2012)
- Use the SA105 supplementary pages when filing a tax return for the year ended 5 April 2012 if you are an individual or a rental business declaring income from land and property or furnished holiday lettings in the UK, or a reverse premium
SA106 - Foreign (2012)
- Use the SA106 supplementary pages to declare foreign income and gains and claim for foreign tax credit relief when completing a tax return for the tax year ended 5 April 2012
SA107 - Trusts etc. (2012)
- Use the SA107 supplementary pages to declare income from a trust or settlement, income chargeable on settlors, or income from the estate of a deceased person, for the tax year ended 5 April 2012
SA108 - Capital Gains Summary (2012)
- Use the SA108 Capital Gains Summary supplementary pages to record your capital gains when filing a tax return for the tax year ended 5 April 2012
SA109 - Residence, remittance basis etc. (2012)
- Use the SA109 supplementary pages to declare your residence and domicile status and claim personal allowances as a non-UK resident when filing a tax return for the tax year ended 5 April 2012
SA110 - Tax Calculation Summary (2012)
- Use the SA110 Tax Calculation Summary if you want to work out your tax bill yourself and record the results