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    Sa103s 2024

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    jayc64286

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    © All Rights Reserved
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    Sa103s 2024

    Uploaded by

    jayc64286
    6 views2 pages

    Original Title

    sa103s-2024

    Copyright

    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views2 pages

    Sa103s 2024

    Uploaded by

    jayc64286

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Self-employment (short)

    Tax year 6 April 2023 to 5 April 2024 (2023–24)


    Please read the ‘Self-employment (short) notes’ to check if you should use this page or the ‘Self-employment (full)’ page.
    For help filling in this form, go to www.gov.uk/taxreturnforms and read the notes and helpsheets.

    Your name Your Unique Taxpayer Reference (UTR)

    Business details

    1 Description of business 5 If your business started after 5 April 2023, enter the
    start date DD MM YYYY

    6 If your business ceased before 6 April 2024, enter the


    2 Postcode of your business address
    final date of trading DD MM YYYY

    3 If your business name, description, address or postcode


    7 Date your books or accounts are made up to
    have changed in the last 12 months, put ‘X’ in the box
    and give details in the ‘Any other information’ box of
    your tax return
    8 If you used cash basis, money actually received
    and paid out, to calculate your income and expenses
    4 If you are a foster carer or shared lives carer, put ‘X’ put ‘X’ in the box
    in the box

    Business income – if your annual business turnover was below £85,000

    9 Your turnover – the takings, fees, sales or money earned 10 Any other business income not included in box 9
    by your business
    £ • 0 0
    £ • 0 0
    10.1 Trading income allowance – read the notes

    £ • 0 0

    Allowable business expenses


    If your annual turnover was below £85,000 you may just put your total expenses in box 20, rather than filling in the whole section.

    11 Costs of goods bought for resale or goods used 16 Accountancy, legal and other professional fees

    £ • 0 0 £ • 0 0

    12 Car, van and travel expenses 17 Interest and bank and credit card financial charges
    – after private use proportion
    £ • 0 0
    £ • 0 0
    18 Phone, fax, stationery and other office costs
    13 Wages, salaries and other staff costs
    £ • 0 0
    £ • 0 0
    19 Other allowable business expenses – client entertaining
    14 Rent, rates, power and insurance costs costs are not an allowable expense

    £ • 0 0 £ • 0 0

    15 Repairs and maintenance of property and equipment 20 Total allowable expenses – total of boxes 11 to 19

    £ • 0 0 £ • 0 0

    SA103S 2024 Page SES 1 HMRC 12/23


    Net profit or loss
    21 Net profit – if your business income is more than your 22 Or, net loss – if your expenses exceed your business
    expenses (if box 9 + box 10 minus box 20 is positive) income (if box 20 minus (box 9 + box 10) is positive)

    £ • 0 0 £ • 0 0

    Tax allowances for certain buildings, vehicles and equipment (capital allowances)
    Do not include the cost of these in your business expenses.

    23 Annual Investment Allowance 25.1 The Structures and Buildings Allowance

    £ • 0 0 £ • 0 0

    24 Allowance for small balance of unrelieved expenditure 25.2 Freeport and Investment Zones Structures
    and Buildings Allowance
    £ • 0 0 
    £ • 0 0
    24.1 Zero-emission car allowance
    26 Total balancing charges – for example, where you have
    £ • 0 0
    disposed of items for more than their tax value

    25 Other capital allowances £ • 0 0


    £ • 0 0

    Calculating your taxable profits


    Your taxable profit may not be the same as your net profit. Please read the ‘Self-employment (short) notes’ to see if you need
    to make any adjustments and fill in the boxes which apply to arrive at your taxable profit for the year.

    27 Goods and/or services for your own use 29 Loss brought forward from earlier years set off
    against this year’s profits
    £ • 0 0
    – up to the amount in box 28
    28 Net business profit for tax purposes (if box 21 + box 26 +
    box 27 minus (boxes 22 to 25.2) is positive).
    £ • 0 0
    Or if you’ve completed box 10.1
    30 Any other business income not included in box 9
    (box 21 + box 26 + box 27 minus box 10.1)
    or box 10
    £ • 0 0 £ • 0 0

    Total taxable profits or net business loss


    If your total profits from all Self-employments and Partnerships for 2023–24 are less than £6,725, you do not have to pay
    Class 2 National Insurance contributions, but you may want to pay voluntarily (box 36) to protect your rights to certain benefits.

    31 Total taxable profits from this business 32 Net business loss for tax purposes (if boxes 22 to 25.2
    (if box 28 + box 30 minus box 29 is positive) minus (box 21 + box 26 + box 27) is positive)

    £ • 0 0 £ • 0 0

    Losses, Class 2 and Class 4 National Insurance contributions (NICs) and CIS deductions
    If you’ve made a loss for tax purposes (box 32), read the ‘Self-employment (short) notes’ and fill in boxes 33 to 35 as appropriate.

    33 Loss from this tax year set off against other income 36 If your total profits for 2023–24 are less
    for 2023–24 than £6,725 and you choose to pay
    Class 2 NICs voluntarily, put ‘X’ in the box
    £ • 0 0
    37 If you’re exempt from paying Class 4 NICs,
    34 Loss to be carried back to previous years and set off put ‘X’ in the box
    against income (or capital gains)
    38 Total Construction Industry Scheme (CIS) deductions
    £ • 0 0 taken from your payments by contractors
    – CIS subcontractors only
    35 Total loss to carry forward after all other set-offs
    – including unused losses brought forward £ • 0 0

    £ • 0 0

    SA103S 2024 Page SES 2

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