Get Self-employment (short) (2019). If You 're Self-employed, Have Relatively Simple Tax Affairs And

Filling out the Self-employment (Short) form for the tax year 2018-19 can be straightforward if you follow the right steps. This guide provides a clear and professional approach to ensure that you accurately complete the form online, tailored to your self-employment needs.

Follow the steps to effectively complete the Self-employment (Short) form online.

1. Click the ‘Get Form’ button to download the form to your device and open it in your preferred editing tool.
2. Begin by entering your name in the designated field. Ensure that you use your full legal name as recognized by financial authorities.
3. Input your Unique Taxpayer Reference (UTR) number. This is essential for identifying your tax records with the HMRC.
4. In the business details section, provide a clear description of the nature of your business. This should relate directly to your activities.
5. Fill in the postcode for your business address to help verify your location for tax purposes.
6. If your business started after 5 April 2018, enter the start date in the format DD MM YYYY.
7. In case your business ceased trading before 6 April 2019, fill in the final date of trading in the specified format.
8. Indicate the date your records or accounts are made up to, ensuring it corresponds with your financial reporting period.
9. If you used the cash basis to calculate your income, mark the box provided to indicate that you are reporting based on actual cash received and paid.
10. Enter your annual turnover from your business in box 9. This figure represents the total income generated from your business activities.
11. In box 10, list any additional business income that is not captured in box 9.
12. If your annual turnover was below £85,000, simply enter your total allowable business expenses in box 20, instead of detailing expenses in the separate sections.
13. Complete the additional fields on allowable business expenses, entering specific amounts where applicable, such as for goods bought, travel expenses, and professional fees.
14. Calculate your net profit or loss based on the figures you have inputted. If your income exceeds expenses, enter the profit in box 21; otherwise, report a loss in box 22.
15. Proceed to fill in any capital allowances and adjustments needed to calculate your taxable profits for the year.
16. Review your entries thoroughly before finalizing your form to ensure accuracy and completeness.
17. Once you are satisfied with your form, save your changes and download or print it for your records. Follow any further instructions to submit the form online.

Complete your self-employment documentation online today for a streamlined filing experience.