Tax2u Limited
Tax2u Limited
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How To Complete The Self Assessment Tax Return For Self Employment 23/24
This video shows how to complete the self assessment tax return for the 23/24 tax year if you are self employed.
Check out our services using the links below:
Claim a CIS tax refund now. click here: bit.ly/EarlyBirdTR
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
Переглядів: 1 416

Відео

HOW TO CLAIM A CIS TAX REFUND - IN 3 STEPS
Переглядів 4,3 тис.Місяць тому
This video explains how to claim a CIS tax refund if you work under the construction industry scheme in the UK. Including the 3 entries that you would need to make on the self assessment tax return to trigger a repayment of overpaid tax. Claim a CIS tax refund now. click here: bit.ly/EarlyBirdTR To register for self-assessment (UTR/CIS) click here: bit.ly/utr-number If you need help with your T...
3 tips to successfully appeal a late filing self assessment penalty from HMRC
Переглядів 1,7 тис.2 місяці тому
This video explains how to successfully appeal a self assessment late filing penalty from HMRC. 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
Missing 31st January Self-Assessment Deadline - What you should do
Переглядів 3,2 тис.4 місяці тому
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 Here's what happens if you miss the 31st January self assessment deadline. In todays video I'll be covering: - When the deadlines are - The penalties that will apply - How to appeal a penalty
DO YOU NEED TO COMPLETE A TAX RETURN - SELF ASSESSMENT
Переглядів 2,5 тис.4 місяці тому
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 Do you need to complete a self assessment tax return? In todays video I'll be covering: - The 5 most common reasons to complete a self assessment tax return - What you need to do if one of these apply to you - Deadlines - How to tell if your employed or self...
How To Cancel Your Self-Employment - Step by step
Переглядів 2,2 тис.4 місяці тому
To cancel your self-employment (UTR) click here: bit.ly/cancel-utr 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 If you've ceased trading then it may be time to cancel your self employment. In this video I'll cover: - Reasons to de-register - Criteria for de-registration - 2 steps of de-registration -Ad...
Self employed v Limited company - For a start up business
Переглядів 3,3 тис.8 місяців тому
Which setup is best for s start up business? Self employment or a Limited company? - This is a question we get asked a lot at Tax2u, with many small businesses making a decision before they know all the facts. So here's all the info you need to know before you decide on your UK business setup. Need to register for self employment? - Click below bit.ly/utr-number
How To Register For Self Assessment - UK Tax
Переглядів 3,5 тис.8 місяців тому
If you're self employed, running a business or you have income that needs reporting to HMRC then this video explains how to register yourself for self assessment tax. I also cover common reasons for self assessment registration and provides access to our simple UTR registration form. To register for self-assessment (UTR/CIS) click here: bit.ly/utr-number If you need help with your Tax Return cl...
Payments on Account - How to REDUCE self-assessment payments on account
Переглядів 3,7 тис.9 місяців тому
If you complete a self assessment tax return you may be asked to make payments on account towards the following years tax liability. In this video I'm explaining when payments on account apply and I'll show you how to reduce your payments on account. 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 hel...
How To Report A Capital Gain To HMRC via Self Assessment Tax Return
Переглядів 14 тис.10 місяців тому
Tutorial of how to report a capital gain to HMRC via the self assessment tax return. Including: - How to tailor your return - How to report the capital gain - Understanding the tax calculation 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
How to Report Rental Income On The Self-Assessment Tax Return 22/23
Переглядів 76 тис.11 місяців тому
This tutorial shows landlords how to report different types of rental income on a self assessment tax return for the 22/23 tax year. 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
How To Complete The 22/23 Self Assessment Tax Return - SELF EMPLOYED
Переглядів 204 тис.11 місяців тому
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...
How to get a UTR Number for self assessment
Переглядів 19 тис.11 місяців тому
Today I'm answering "what is a UTR number?" - I'll do this by covering: - What UTR stands for - Why you need a UTR number - How to apply for a UTR number - Where you can find your own UTR number - What your responsibilities are once you have a UTR Don't forget you'll need a UTR number in order to complete your self assessment tax return - Here's everything you need to know about Self-Assessment...
How to claim a CIS TAX REFUND in 15 minutes
Переглядів 17 тис.Рік тому
If you work under CIS (Construction Industry Scheme) you'll need to complete a self assessment tax return which often results in a CIS tax refund. This video explains how the process works and shows the entries you'll need to make on your tax return. 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 hel...
How To Remove Payments On Account From Your Self Assessment in 5 MINUTES!
Переглядів 10 тис.Рік тому
This video explains how to remove or reduce your self assessment payments on account in 5 minutes along with why this might be necessary and the consequences of getting this wrong on the tax return. 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
Ltd Company Director/Shareholders - How to Complete A Self Assessment Tax Return Tutorial in 20 MINS
Переглядів 10 тис.Рік тому
Ltd Company Director/Shareholders - How to Complete A Self Assessment Tax Return Tutorial in 20 MINS
How will my UK Side Hustle get taxed?
Переглядів 12 тис.Рік тому
How will my UK Side Hustle get taxed?
UK's 60% HIDDEN TAX RATE - Don't pay this!
Переглядів 9 тис.Рік тому
UK's 60% HIDDEN TAX RATE - Don't pay this!
Declaring employment income on the 21/22 self assessment tax return
Переглядів 28 тис.Рік тому
Declaring employment income on the 21/22 self assessment tax return
How To Report RENTAL INCOME On A Self Assessment Tax Return UK
Переглядів 96 тис.Рік тому
How To Report RENTAL INCOME On A Self Assessment Tax Return UK
What is the CASH BASIS for UK self assessment tax?
Переглядів 22 тис.Рік тому
What is the CASH BASIS for UK self assessment tax?
How to avoid HMRC self assessment tax investigations - AVOID THESE MISTAKES!
Переглядів 308 тис.Рік тому
How to avoid HMRC self assessment tax investigations - AVOID THESE MISTAKES!
CIS SELF ASSESSMENT - How To Maximise Your Tax Refund 21/22
Переглядів 41 тис.Рік тому
CIS SELF ASSESSMENT - How To Maximise Your Tax Refund 21/22
How To Complete The 21/22 Self Assessment Tax Return - Self Employment
Переглядів 150 тис.2 роки тому
How To Complete The 21/22 Self Assessment Tax Return - Self Employment
How To Form A Ltd Company (UK) 2022
Переглядів 5 тис.2 роки тому
How To Form A Ltd Company (UK) 2022
Employees - CLAIM A TAX REFUND NOW with employment related expenses
Переглядів 9 тис.2 роки тому
Employees - CLAIM A TAX REFUND NOW with employment related expenses
How To Report A Capital Gain On A Self-Assessment Tax Return
Переглядів 19 тис.2 роки тому
How To Report A Capital Gain On A Self-Assessment Tax Return
How To Register As SELF EMPLOYED In 3 Easy Steps
Переглядів 90 тис.2 роки тому
How To Register As SELF EMPLOYED In 3 Easy Steps
UK Tax For Youtube Income - Do I Need To Report My Income?
Переглядів 14 тис.2 роки тому
UK Tax For UA-cam Income - Do I Need To Report My Income?
How To Pay Your Self Assessment Tax Bill To HMRC 2021
Переглядів 23 тис.2 роки тому
How To Pay Your Self Assessment Tax Bill To HMRC 2021

КОМЕНТАРІ

  • @agentcarbunkle
    @agentcarbunkle 3 години тому

    If you can reduce it. Why do they add it in the first place?... To see who's stupid enough to pay it ? (Me) No one can predict the future so why are we paying more money to try and predict it? What if i break my leg and cant work?

  • @monicaspurpledoor
    @monicaspurpledoor 5 годин тому

    I needed to know about filling out the foreign property income which you completely skipped over 😂

  • @Carmichael_Stu
    @Carmichael_Stu 8 годин тому

    How do I go about this if I've been cis and PAYE, do I have to declare my PAYE through cis ?

  • @AntonioVera-ho1vx
    @AntonioVera-ho1vx День тому

    What is the maximum amount of savings bank interest I can earn before paying tax. No other source of income.

  • @user-ng4ig8ev3v
    @user-ng4ig8ev3v 2 дні тому

    Hi mate great vids I’m doing everything you said but when I put may turnover in which was £64,093.40 what ever way I put it says I’ve put the wrong format tried everything ??? Can you help please ???

  • @Lfl7882
    @Lfl7882 3 дні тому

    Question if I was employed before I started my freelance do I need to tick yes under the very first question under Tailor your return?

  • @seanbritton3407
    @seanbritton3407 3 дні тому

    How do I contact you via private message mate

  • @snoop21
    @snoop21 4 дні тому

    Could you please help me out with my return, I have a ltd company with a UTR no but 23/24 i used my personel UTR as i was being paid through CIS and im struggling filling in my return.

  • @123bekr123
    @123bekr123 4 дні тому

    Do I still need to do a self assessment as a company director of a limited company and also submit company accounts? Not clear on if I need to do both or just one? Also my first year submitting... yikes didn't know it was such a headache

  • @tonyrussell496
    @tonyrussell496 5 днів тому

    I new to self employment as a sole trader since November 2023. Iv rang HMRC for a UTR number 2 months again but not had one sent. I Have signed up to a government gateway account which is all goodi have login details. Here's the problem... I'm submitting my ID which is my Driving licence & Passport but it's not accepting even though I have done this 4 times and all is 100% correct the details ...I now have only 1 attempt left before the gateway acoount is frozen . It's burning my head out the fact I'm wanting to do a self assessment but it won't ,etc me do it. I give up !

  • @Sharaz-ky4xd
    @Sharaz-ky4xd 5 днів тому

    Thank you so much for this video you explained everything so well. I've only been doing the online myself for the last 2 years and have found it a steep learning curve. Having you explain exactly where to put what on the online form was brilliant, I haven't found it anywhere else online. I'm really trying to learn this stuff and the HMRC videos/written help never give the full story. I thought I had been doing it wrong for the last 2 years when all the HMRC help regarding property income/expenses told me that if my income was less than £85k then I could lump all the allowable expenses together and put in one box...........AND THEN I SAW YOUR VIDEO and in one sentence all became clear - HMRC had been talking about self employed. So thank you once again and I will be checking out your other videos asap and subscribing to your channel.

  • @rasjackson7410
    @rasjackson7410 5 днів тому

    Thanks again for the new video for the next tax year. I've been using your videos for a few years now

  • @Mr23million
    @Mr23million 6 днів тому

    Dude , you're a legend! Use your vid every year. Please continue each year, thank you

  • @mikegleed5842
    @mikegleed5842 6 днів тому

    Clasa 2 National Insurance is being scrapped next year? 👀 00:25:15

  • @fitwithjudith3840
    @fitwithjudith3840 7 днів тому

    Will this be applicable for my self employed 23/24 tax return also?

  • @barttfisher
    @barttfisher 7 днів тому

    The tax code seems overly complex, making it difficult to identify the most tax-efficient strategies for my income and investments. Are there resources available to help me understand relevant deductions and credits that could maximize my after-tax returns?

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 7 днів тому

      You're right, the code can be a beast. There are definitely resources available to help you understand deductions and credits. The IRS website has a wealth of information, but for a more personalized approach, consider consulting with a tax advisor who specializes in investments. They can help you identify strategies that maximize your after-tax returns.

    • @beafoster747
      @beafoster747 7 днів тому

      I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks as well.

    • @HildaBennet
      @HildaBennet 7 днів тому

      One of my goals is to employ the service of an asset-manager this year. I've seen some off social media but wasn't able to get a response. Could you recommend one?

    • @beafoster747
      @beafoster747 7 днів тому

      Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.

    • @HildaBennet
      @HildaBennet 7 днів тому

      I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

  • @sarahrao8166
    @sarahrao8166 9 днів тому

    Can u get me .y UTR number.

  • @Ricky-tr2hd
    @Ricky-tr2hd 10 днів тому

    My elderly parents knew nothing about CGT. One year later they still haven't paid it.

  • @darrenelkins5923
    @darrenelkins5923 11 днів тому

    The main reason for that is…

  • @wehatethecold
    @wehatethecold 12 днів тому

    Is that capital gains loss a loss on disposals of assets or can you include your income losses?

  • @ritajones563
    @ritajones563 13 днів тому

    Thank you that was really helpful! Hopefully things haven't changed this year

  • @paulcallaghan729
    @paulcallaghan729 13 днів тому

    Hi Adam, will hmrc always pay out albeit an investigation going forward Thanks

  • @yvonnegisbourne7764
    @yvonnegisbourne7764 14 днів тому

    Hi do you have a breakdown of what expenses you can include in your cash basis figure...eg if you use flat rate0.45p for fuel can you then claim insurance tax MOT or not?

  • @somewheredifferent
    @somewheredifferent 14 днів тому

    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.

  • @ramintasimonyte4006
    @ramintasimonyte4006 15 днів тому

    So if I only started self employment at the end of March and have not earned over £1000 would I just put NO for "Was your turnover more than £1,000 in total from all self-employments?" section?

  • @rsb8653
    @rsb8653 16 днів тому

    Is eBay self employed income. Like occasional sales and sh1t

  • @Gary-ee7nc
    @Gary-ee7nc 16 днів тому

    ive paid tax2you 28 pounds for my utr number , yes took the money ,tax2u then after asked for id ,thats hard to do with no knowledge of it ,phoned hmrc free of charge for my utr number ,dont fall into the trap

  • @KenGoesCruising
    @KenGoesCruising 17 днів тому

    I have been sent a UTR from HMRC when i try to log in with my private gateway number it says there is an error. Do i need to set up a new gateway ID for the sole trader business. This is just for my UA-cam income. Thanks in advance

  • @CatherineMurrie
    @CatherineMurrie 18 днів тому

    Thank you for the video and info. May I ask , I have rental property and also a part time job. Is there a section that I would enter my wages from the part time job ? I do PAYE on the part time job .

  • @XxAziCodxX1
    @XxAziCodxX1 18 днів тому

    i paid for an accountant on tax2u and nothing happened i paid 118.80 pounds and whenever i click anything it keeps asking me to pay again even though i already paid

    • @user-ev1gd9fo8c
      @user-ev1gd9fo8c 9 днів тому

      good afternoon, I want to unsubscribe from you, how do I do it?

  • @XxAziCodxX1
    @XxAziCodxX1 18 днів тому

    Yo that Tax2u link is a scam man i paid to have an accountant and the website took my money and whenever i click on anything it just asks me to pay again what a rip off paid 118 Pounds man.

  • @adamfarid1788
    @adamfarid1788 18 днів тому

    Thanks very much very helpful video

  • @jasbirkaur1589
    @jasbirkaur1589 18 днів тому

    Could you please cover for rental income and part time hours work as employee as well please thanks

  • @alwayslearning7672
    @alwayslearning7672 20 днів тому

    Every time I go through the government link to register for self assessment in order to get my UTR number, the website crashes. Is anybody having this issue?

  • @abcxyz820
    @abcxyz820 22 дні тому

    Confusing, needs chapters. Which bit is for purely renting a domestic property?

  • @kylie6375
    @kylie6375 22 дні тому

    In the any other income part do you put your earnings from your main job or not? I work at tescos mainly

  • @cobbler40
    @cobbler40 22 дні тому

    HMRC and DWP prosecute honest citizens who make a mistake or HMRC make a mistake that they discover later. HMRC keeps us all poor.

  • @Shralps
    @Shralps 23 дні тому

    Used for the second time. Thanks again.

  • @user-uq3tv3gm9l
    @user-uq3tv3gm9l 24 дні тому

    Super helpful and better than any government HMRC explanations-thank you

  • @claireswan7187
    @claireswan7187 25 днів тому

    Thank you for the very helpful vlog, just filled in my first tax return with your help 😊

  • @lightning3a
    @lightning3a 26 днів тому

    Hi 👋 this is a great video. Any chance you could tailor this to Crypto currency. Many thanks

  • @shinyrayasmr
    @shinyrayasmr 26 днів тому

    hi, My question is…If I have currently a full time job, earning lets say 1500£ a month, and I earn from youtube every month 150£ for example…Do I need to pay taxes from the youtube income, right?! Cause for my full time job my employer is paying taxes not me. So my responsibility would be only the money from youtube to pay taxes for. How I know how much I must save monthly for taxes and how much I can keep for myself in this case?

  • @indonesiaexploreuk5672
    @indonesiaexploreuk5672 27 днів тому

    hi what happens if i put 21000 turn over instead of 21700. ive just got cis ive miscounted 700. but ive submitted and its saying im due tax return and ive request the money. what will happen? thank u

    • @bluegtturbo
      @bluegtturbo 19 днів тому

      Almost certainly absolutely nothing since the HMRC is chronically understaffed and they have much bigger fish to fry than a percentage of your 700

  • @e.b856
    @e.b856 27 днів тому

    What about sipp pension contribution? Any good towards experiences? Thanks

  • @catalincarceanu7991
    @catalincarceanu7991 27 днів тому

    Hi,I just received a such letter for 2021-2022 and 2022-2023.I have been self employed just a year ,2019-2020 and since 2020 I have been only employe.Tried to log in my account for self assesment but allways I had the same answer ,,you are logged in the wrong account" .So I supposed my UTR has been deleted. After receiving the letter( need to pay £1500) I contacted the accountant who helped me with the self assesment in 2020.He taxed me £27 just to say they are not working with the penalties . So..I can not log in that account,I don't know how to delete that UTR number,...

  • @igriffiths763
    @igriffiths763 28 днів тому

    shocked i have to come here because the gov are d*g sh*t at making it user frindly, had 100 tabs open before this

  • @DylanMorris-ic8yp
    @DylanMorris-ic8yp 29 днів тому

    I worked for a ground working company and didn’t earn enough to pay tax will I get it all back?

  • @DylanMorris-ic8yp
    @DylanMorris-ic8yp 29 днів тому

    I worked for a ground working company and didn’t earn enough to pay tax will I get it all back?

  • @DylanMorris-ic8yp
    @DylanMorris-ic8yp 29 днів тому

    I worked for a ground working company and didn’t earn enough to pay tax will I get it all back?

  • @chriswhite9901
    @chriswhite9901 29 днів тому

    Hi I’ve forgot to complete my 22/23 return and it no longer shown on my account so I can complete it why is this Cheers