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Business founders/entrepreneurs

Anybody else panicking about tax return?

57 replies

Mediocrewife · 30/01/2026 20:53

First tax return due tomorrow. I'm self employed and thought it looked pretty straight forward so I did it myself. Have input income, turnover etc and submitted expenses.
Have got a tax pot saved so no problem paying it.
But is that it? I mean all the questions about capital gains tax and losses and previous years etc dont apply to me. Literally my return is an in and out excercise.
My accounts friend says thats fine. But am I being thick?

OP posts:
Iloveeverycat · 01/02/2026 10:10

PAYE-it seems its included in self assessment.
Do you have another job.

HewasH2O · 01/02/2026 10:41

You have to click "Yes" to having another job and then include your taxable wages, PAYE and any benefits in kind & expenses on those pages. That could be why you haven't paid as much as you anticipated.

Mediocrewife · 01/02/2026 19:39

HewasH2O · 01/02/2026 10:41

You have to click "Yes" to having another job and then include your taxable wages, PAYE and any benefits in kind & expenses on those pages. That could be why you haven't paid as much as you anticipated.

I don't have another job. Just the wee business.

OP posts:
Tomikka · 01/02/2026 19:59

Mediocrewife · 01/02/2026 19:39

I don't have another job. Just the wee business.

The PAYE wouldn’t have applied to you then, it would go into the “employment” section, and based on the P60 from an employer, or can be looked up online in the government gateway

Nos that you’ve done one the rest will be easier

HewasH2O · 02/02/2026 07:39

Or you could use a chartered accountant who would have the full picture of your income & allowable expenses!

Jade3450 · 03/02/2026 00:52

HewasH2O · 02/02/2026 07:39

Or you could use a chartered accountant who would have the full picture of your income & allowable expenses!

I wouldn’t. They’re honestly all a bit shit. And it’s so simple to do it yourself. Just don’t leave it until January.

WeAreNumpties · 03/02/2026 01:01

It's simple if your affairs are simple. Otherwise it can be very, very complex.

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