Sean Williams
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Another Self-Assessment Question
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