Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Self assessment tax return question.

6 replies

EternalSunshine19 · 16/08/2025 12:28

If i started self employed work in January 2025 should i have submitted a Tax return in April 2025 for tax year 2024-2025? Or am i supposed to wait until April 2026 to submit a return?
i earned £800 from January to April 2025.

OP posts:
BadgerFace · 16/08/2025 12:38

There is a trading income allowance of £1,000 so you are most likely covered. https://www.litrg.org.uk/working/self-employment/trading-allowance

If you had earnt over £1,000 then you would have needed to file a tax return to report 1 January to 5 April 2025 income and expenses.

If your earnings are likely to be more than £1,000 for the current tax year then you need to register as self-employed with HMRC. https://www.gov.uk/become-sole-trader/register-sole-trader

A tax return for a particular tax year needs to be filed by 31 January following the tax year. Eg 5 April 2025 tax return filed by 31 January 2026.

Become a sole trader

Become a sole trader with HM Revenue and Customs - your legal responsibilities if you run a business as a self-employed sole trader.

https://www.gov.uk/become-sole-trader/register-sole-trader

spannasaurus · 16/08/2025 12:41

Is the £800 turnover before expenses or profit after expenses?

If turnover then you're covered by the trading allowance.

EternalSunshine19 · 16/08/2025 12:55

spannasaurus · 16/08/2025 12:41

Is the £800 turnover before expenses or profit after expenses?

If turnover then you're covered by the trading allowance.

£800 was just turn over. Not profit

OP posts:
EternalSunshine19 · 16/08/2025 12:56

Thank you for all your replies :) really appreciate it

OP posts:
Karmatime · 16/08/2025 18:31

Your tax return for April 24 to April 25 is due 31st January 2026. However you only need to declare earnings over £1000.
You may still want to register as self employed in order to be able to pay class 2 national insurance.

Namechangedasouting987 · 16/08/2025 18:33

Make sure you register as self employed with HMRC for self assessment and with the NI people. They don't talk to each other.....

New posts on this thread. Refresh page