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Posted Fri, 30 Sep 2022 14:23:12 GMT by tessa weale
Hello, I am currently using Quickbooks to work out my partner's Self Assessment Tax return for 21/22. He worked as a combination of self-employed and also as a subcontractor under the CIS (construction industry scheme). The work he has been paid under the CIS has already been taxed, and the profit on work he did on his own as self-employed falls under the Personal Tax Allowance of £12,570 after we have deducted his expenses from his income. My question is this - I still haven't included all the tax deductible mileage for travel to and from sites, but as he is already under the taxable threshold, is there any point? Will the expenses carry forward into the next tax year, or will it mean a tax rebate of some kind?
Posted Wed, 05 Oct 2022 09:55:19 GMT by HMRC Admin 19

They would not carry forward unless the total expenses were more than his income, generating a loss.

Thank you.

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