cis tax rebate (1 Viewer)

markus

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can someone clarify this for me please

ive been self employed since 26th sept 2010

ive earned £7500 in total this tax year and paid £1508 in tax

my expense are £2400

should i declare a loss or not. as surely im entitled to nearly all my tax back anyhow due to only earning £7500 in the full year.

thanks
 
can someone clarify this for me please

ive been self employed since 26th sept 2010

ive earned £7500 in total this tax year and paid £1508 in tax

my expense are £2400

should i declare a loss or not. as surely im entitled to nearly all my tax back anyhow due to only earning £7500 in the full year.

thanks
Hi Markus, apologies, I didn't see this question here, I answered it in the other thread as you posed the same question there too.

But just to clarify in case anybody else finds themselves in this situation... Markus would be entitled to all of the tax he has paid given back to him by HMRC.
 
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