How To Complete The 22/23 Self Assessment Tax Return - SELF EMPLOYED
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- เผยแพร่เมื่อ 31 พ.ค. 2023
- If you're self employed, this tutorial will demonstrate how to complete the 22/23 self assessment tax return. The on screen walkthrough will show which entries need to be made as a self employed individual.
Need help with your tax return? Use one of the forms below
To register for self-assessment (UTR/CIS) click here: bit.ly/utr-number
If you need help with your Tax Return click here bit.ly/cis-rebate
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Super helpful and better than any government HMRC explanations-thank you
This was so useful! I set up as a self employed dog walker in November 2022 on top of my full time job and it felt like an absolute minefield! I now feel confident completing it myself. Thank you.
thanks for your comment - im in the same situation, attempting myself now
sorry to disturb, I have a day as same as you and additional do some extra work, what did you pick for the first questıon?
ditto, part time employed and self employed, now I feel more confident to do it myself and not pay an accountant!
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
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Fortune favours the brave. "Sir Francis Drake"
Finally, an amazing video from a very eloquent guy. This was really helpful in clarifying a lot of things. Thank you.
Thank you! This is truly the most helpful and easy tutorial on youtube. This is my second year using and will be back next year again. Its very much appreciated!
Great video - really well presented and so informative 🤗You saved me the cost of paying someone to check over my Self Assessment that I have completed today for 2022/23. After a final check I will happily submit it 👍😃🤓
Wonderful, simple and easy. You have explained in such a nice way. Extremely helpful. Thanks 🙏🏼
Second year I filled my tax return watching your videos thanks bro 🙏
I can’t tell you how helpful these are, I’ve been using your videos for the past 5 years when it comes round to this time of year. Thank you! ❤
Brilliant thank you with being a first time self employed person part time. Learnt alot.
You literally saved my sanity. Thank you 🙏
Thank you so much for this video. Very reassuring to listen to someone go through everything, checking my own work at the same time.
Glad it was helpful!
Straightforward and helpful advice, which made completing the self-assessment return a lot less overwhelming. Cheers!
Thank you so much for this, I've been panicking as I have never done it myself. Very very helpful and easy to go along step by step
Brilliant. Have completed my own return with help of this video. Gave me confidence I had completed it correctly and saved me a fee for someone else doing it for me. Thanks so much
Thank you so much for this detailed, clear and precise lesson. You have melted all my stress of Tax Retuns. ❤
Very clear and pretty straightrorward! Thank you for this nice video!
It was so useful to find your video, answering all my questions, that I did my tax return with HMRC without problems. Thank you! very much appreciated!
Glad it was helpful!
Thank you for this walk through, it has been a god send. I finished my first tax return in less than 2 hours. Thank you!
God! I wished this video was available when I completed my first tax return back in 2017! It was soo confusing lol - after many years and not hiring an accountant I still get confused when doing my returns, so thank you for this video!
Fantastic it's so good to understand the whole system more thank you! 🎉
yes it is thank you
Thank you so much for another excellent "How to Complete a Tax Return' video. I have filed my own tax returns for the last 3 years which has been made possible by using your videos. Once again, you have made it all so much easier to understand with clear and concise information and it's a weight off my mind. Thank you once again and please keep them coming.
Can I say a great big massive thank you. Could not get my head around this, but you helped me through out. My very first tax return. Thanks again
You're very welcome!
This was very helpful and a nice feeling to go along with it with someone in the background - I work much better that way. My return was easy and straightforward. Thank you!
How did you find this page tailor your return can you explain please i have got HMRC app
This helped submit my first tax return, many thanks for the clear and concise info!
Thank you for the help and confidence needed to fill out my first proper tax return. Made it very eay and clear to go fill out as you spoke and showed each step.
very informative. i never leave any good comments to any youtubr platform but wowwww he explained it all and never miss ANY DETAILS LOVE FOR HIM
Thanks again for the fantastic help! First year of true self employment… just sitting here with receipts etc now ready to start my return
So incredibly helpful every year. Genuinely tell everyone I can about what Tax2u do. Any customers you get after being so kind and sharing all this information for free is brilliant. I do wish all businesses were as transparent as your team. Thank you!
Super helpful. Thank you for your clarity and pacing the information in a comfortable way.
Fills me with dread every year, your walk through are so helpfull. Thanks very much.
I knew nothing about completing self assessment. This video is amazing and takes the “fear” out of it and goes through the form page by page. I totally commend the information and the way the presenter has explained it in a marvellously simple way.
I’ve been paying over £330 a time for my accountant but I am going to do my own as I only worked 3 months before I went on maternity. Thankyou so much
Hey, am in a similar situation did you make under your personal allowance by any chance for those 3 months?
@@tripleggg4786hi sorry what do you mean? I completed my tax and everything came back fine so I’m glad I did it myself. I did make anything for myself in the 3 months as my outgoings were more then what I took in as I had days off from my pregnancy etc
This is brilliant - thank you so much!!! I used similar video last year and am back again ... especially grateful for your really clear explanation of payment on account ... now I understand!! :)
Glad it helped you.
Just a note to say thanks for the videos. These have been very instructive to help me understand the process and guide me through the online form filling. 👍
So helpful!! Every year I fill my tax return stress free just following the video step-by-step! Great work!!
Thank you so much for providing such a helpful video. I've just done my first one and was so nervous about it. Honestly, thanks so much :)
You are welcome. If you need help, just sends us an email to info@tax2u.co.uk and we can provide a competitive price and help you.
This was so helpful, as my first year as self employed thank you
This is so helpful and explained well. Thank you
Glad it was helpful!
Ive been self employed for 3 years now and this is the first place I go to before filling out my self assessment, thanks for making these videos every year.
Perfect, I am glad you find it useful
did you try doing the cash hack platform i did cash hack just a couple of days ago and got paid $10,000 in just a couple of hours
is it UK taxation
15:23 Thank you for clarifying about Universal Credit!
This is so helpful, thank you so very much I just submitted my tax return 1 minute before midnight and it went through😅. I will definitely subscribe your channel. God bless you
Thank you so much.Very helpful and calming.
use your video each year, I am grateful, thank you
Amazing, I am glad it helps
Bro your a life saver 💪🏻😅
Brilliant, concise video, thank you.
Very helpful. Much appreciated!
Thank you for the very helpful vlog, just filled in my first tax return with your help 😊
invaluable last year looking forward to a great guide again
Thanks for the video! It would be super useful to have a video on self assessment for higher tax rate employed as well as self assessment
THANKS SO MUCH! You're an absolute SUPER STARRRRR!!
Glad it helped!
brilliant, helped me out massivley with my return, used to pay £100s for accountants, didnt realise it was this easy!
Good to hear, thank you
I have a question... As I am paid CIS , I have worked for a short time with an agency.. the p 60 was submitted by the agency and now I am confused in finishing tailor for me bit in the assessment
Hi Adam - thank you so much for this - really helpful
Thanks mate! Very helpful!
Thank you so much, well explained - Top man
Absolutely great, mate you a dimond, many many thanks 😊
Many thanks for this, really helpful and clear guidance.😀
Thank you, easy and straightforward advice, helpful 👍. Pls keep up
Thanks, will do!
Fantastic video, will be really usefull when I totally complete my first tax return tommorow 👍
This was great to follow! Thank you so much!
Only one thing I don't understand: Why does the amount subjected to Basic Rate taxation (£37,430.00) differ from the one subjected to plus Class 4 National Insurance contribution (£38,092.00)? How is the latter calculated?
Cheers. See you next year.
Thanks very much for this. Very helpful 👍
Thanks a lot! Reading it right now. I'm a Canadian just moved to the UK, there's so many differences between Canada (Quebec) taxes and UK taxes!
Interesting! I bet there are many differences. If you need help please email us at info@tax2u.co.uk
very accurate explanation excellent step by step guide thank you very much this video helped me alot
It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.
Glad it was helpful!
A massive big thank you so much wow it's finally done
A really useful video, thank you very much
Glad it was helpful!
A really excellent video that was indispensible. Many thanks.
Glad you enjoyed it!
Ghana you very much!!!! You’re awesome 🎉
Thank you so much, just about to start my own small business (So scary!.)
Brilliant ☺☺☺☺ Thank you , that was what i need !
Used for the second time. Thanks again.
Great video, thank you!
Thank you so much.
Subscribed
Very good video
Very helpful. Be great to know exactly what the expense columns are in the self-assessment - so I can match my accounting app to be the same so that when I fill in the form it all matches up.
Well explained thank you👍
It helped a lot. Thank you
Very informative and well delivered
Could you do a video on a partnership return? Thank you!!!
Thanks, it was very useful.
You're welcome!
Thanks very much very helpful video
Brilliant! Thx
Really enjoyed this video thanks. I'll definitely be in touch if your services are required when I start my business this year.
MERCI SO MUCH !!!
Very very helpful, thanks.
Glad it was helpful!
Great video, thank you very much! I have the following questions
Investment interest as income:
If it is invested only but no gain realised on them (still on the investment account and did not touch since) do I need to indicate that?
The money invested in stocks, futures, etc.. I see gain and loss on them but everything stays on the investment account, nothing realised yet.
Investment as expense:
if I invested money in the 22-23 period is it count as an expense?
(Eg: unit linked insurance (for pension saving purposes), or property fund saving for long term (to buy a property in 10-20 years later)
Or the bank`s invetment account where I can buy stocks.
Cash back on black friday offers. Is it taxable?
Refunds from shopping (damaged item, or discount)
refunds from post office lost my parcels what I sold online and I claimed the insurance for loss
Import/export online buy and sales
Do I enter these as normal expenses right? Or is there any additional work with these invoices?
(Eg: claim back custom fees, or any tax related to import/export)
Thank you very much🙂👍
THANK YOU!!!!!!!!!!!!!!! I can actually sleep tonight! 😅
I am glad it helped
What would be super helpful is a video for tax return for self employed Uber / Deliveroo or Just eats riders. The business has grown so big. Knowing what expenses we can use and not use is a minefield
I have a full time employed job, and I also run a small self employed business on the side that I am trying to build. In 2022/23 my side business generated £2,213.37 gross income. My expenses for that year were £352.14. Is it better for me to enter in £1000 for trade allowance instead of declaring my detailed expenses in order to reduce my gross income, and thus then pay tax on the reduced gross income amount? From what I understand from your explanation I think this is what I can and should do. Many thanks for any help and thanks for the video
I am a full-time employee. But always go to an accountant for a tax return. Could you do a video of how to do a tax return for people like myself. If you already have dont it, can you post the link.
Thank you
Thank you so much for your video. May I know which section should we choose if we have overseas saving interest from the bank to be declared?
Thanks!
Welcome!
nice and easy to follow
Hi, thank you so much for this video! You are a lifesaver!! I am not sure if this is the correct place to ask but I have accidentally put X in the section "If any of your businesses received coronavirus support payments (such as CJRS) you must put ‘X’ in the box to declare that they have been included when calculating profits in the period of this return" even though I have never claimed or received coronavirus support payments. Will this be a problem?
Amazing vid thanks. So if I use cash basis I do not need to note my expenses as I would get the 1000 tax free?
Thank you very much
Thanks very much
Cheers dude! I owe you a pint.. (or any reasonably sized non-alcoholic beverage of your choice)
😎🙂😎
Do you have a video that covers self assessment being employed in a full time job and a self employed job?