Paying Tax when you are on PAYE and Self-Employed

swimfan said:

hi all, some good reads on here, as i am considering starting up small with a self employed job. i am a painter and decorator by trade, but recession in 1993 meant looking elsewhere, and i have been in the railway industry since. BUT, i am wanting out, so before giving up my £32K plus a year salary, i want to spend as long as it takes to get my self employment off the ground without falling flat on my face, by keeping my salaried job, build up the business locally to me, as currently i drive in my own car receiving no expenses, 120 miles a day 5 days a week.....and when i have a sound built reputation by advertising and word of mouth, give up my salaried job to remain self employed.....i understand i can be both PAYE and s/e....i also know, as was s/e from 1990 to 1993, that start up year is expensive and could run at a loss, hence the fall back onto salary....i will need a van, plant,tools additional to what i already have and fuel costs....If i earn £32k in 2012/13, and was s/e and income was say £5k but expenses were huge, if an accountant did my books, and i was clearly running a loss making business, would i get a tax refund from my PAYE...?
thank you

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