Lucille.D
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Help Needed: First-Time Self-Assessment for Self-Employment
Hi, I’m filling out my self-assessment for the first time as a self-employed individual and finding it a bit challenging. I’ve tried getting help through chat and phone, but it hasn’t been very successful, so I’m hoping someone here can assist. Question 1: I received a one-time bank transfer in euros during the tax year. Does this fall under the "foreign income" section, or should I just convert it to pounds and report it like any other income? Question 2: I’ve been receiving both standard and housing benefits through Universal Credit. Do I need to report these on the self-assessment form, and if so, where should I include them? Thanks in advance for any guidance you can offer!