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Posted Fri, 19 Apr 2024 20:24:08 GMT by Sean Williams
Hi all, First time I have tried to submit my self-assessment. Have been PAYE for many years. Okay, so I was employed from April - July by employer 1, then September - March by employer 2, but also been trading as a sole trader from July too. I have my figures from employer 1 on my P45 and employer 2 on my P60, plus my figures for my sole trader (made a loss of around £3k). Entering what I think is the correct information into all the required boxes, I am being asked to pay just over £6k (£4k for last year and then £2k for first payment on account for 24/25 - Is this right? I have (as far as I know) paid all taxes via PAYE for my employments, so the £6k figure appears to be for my sole trader, however I made a £3k loss. What have I done so wrong.. Thanks Sean
Posted Wed, 01 May 2024 07:34:32 GMT by HMRC Admin 25
Hi Sean Williams,
You would not expect a big balance to pay based on your circumstances.
Please check you have entered the tax paid at source by your employers on the employment page.
If you check the figures and they are correct you can contact Self Assessment for advice.
Self Assessment: general enquiries.
Thank you. 


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