AK

Hi, Thank you for your answer. My work start date was 31 August 2021. This will be my first tax return as a sole-trader. Regarding my professional organisation's rule and legislation, without of this insurance I cannot keep registered to my professional organisation and it is not allowed to practice my profession. First of all I needed to have this indemnity then to be able to apply for a work. According to that I wonder if I can count it as a pre-trading expense? Thank you.

Thank you for your reply. According to your explanation this will be my first year tax return. How will be my next tax return then? When shall I send my 2022-2023 tax return to have my accounts are made up to 31 August 2022? Thank you

Dear HMRC, I started to work on 31 August 2021. This will be my first tax return which I am going to fill. I would like to my accounts are made up to every 31st August or in other word until 31 August 2022 but not 31 March or 5 April 2022. Can I do this now? How can I do this? As I read on internet first year tax return should be "date of commencement to following 5 April" which in my case is 5 April 2022. If that is true, when shall I send my other tax return for 31 August 2022? Kind regards

Dear agent, To be able to practice my profession (doctor) I have to be registered to my professional organisation. First time , I made a payment to my professional organisation to register first time on 05/12/2019 and on 13/02/2020 for an additional registration stage. Then I paid my annual retention fee to my organisation on 24/11/2020 to be able to practice my profession for the year of 2021 and I paid again on 01/12/2021 to be able to practice my profession for the year of 2022. I have started to work on 31/08/2021 and this is my first tax year (21-22) as a sole-trader. My questions are, can I claim these first registration fees too? Can I claim my previous annual retention fees, even before I have started to work? If I can, how far back can I claim expenses as a sole trader? As you can see, I have to pay on every December for the next year's annual retention fee. According to this, do you advise me to include 2022's annual retention (paid on 12/2021) fee as an expense too in my 21-22 tax year, or do you advise me to include it as an expense to my 22-23 tax year even it is paid on 12/2021 Also, I had to pay indemnity/insurance in January of 2021, before I start to work. Can I claim this an expense too? Kind regards. AK