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Posted Thu, 25 Jan 2024 16:05:59 GMT by
I am registered as self-employed. I am filling out the tax return form for the first time. The earnings for the financial year between Apr '22 - Apr '23 were less than £1000. At this point it seems that I am to declare on the form that I'm not self-employed.....but I am.....and was for that year. May I have some assistance please?
Posted Tue, 30 Jan 2024 09:30:32 GMT by HMRC Admin 8 Response
Hi,
Although you are self employed, when your gross profit is less than £1000, you do not need to report the self employment on a tax return.  
This allows your self employment to continue and tax return notifications can still be issued in the future.
Thankyou.
Posted Sat, 26 Oct 2024 22:08:09 GMT by Kata Szentandrassy
Hello, I am sorry to jump into the conversation but I found this question the closest to my enquiry. I am also self employed and registered for self assessment long time ago ( before the £1000 allowance was introduced) Because I earn less than the threshold with my small business I stopped sending self assessments. Is that correct? Or shall I let Hmrc know that I am not sending one because of that reason? Many thanks for the clarification in advance.
Posted Fri, 01 Nov 2024 15:55:30 GMT by HMRC Admin 20 Response
Hi Kata,
If you do not meet the criteria for Self Assessment then you do not need to submit a tax return.
You can check if you meet the criteria at Check if you need to send a Self Assessment tax return
Thank you.
Posted Mon, 23 Dec 2024 15:32:46 GMT by AniaR
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.
Posted Mon, 23 Dec 2024 16:09:06 GMT by Clive Smaldon
Not HMRC...the problem with all of the replies from HMRC re not needing to send SA returns in these circumstances on this and other threads is, if you dont, you cant then pay voluntarily class 2 ni (as it goes on the SA record to collect via HMRC in the first instance), which means you wont get a credit for that year against NI record for future complete years for state pension/other benefits etc. HMRC should make this clearer, if people stop sending in SA just because they are under the threshold, and dont opt for voluntary class 2 on the return their NI record will be affected in the future!

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