PAYE Tax & Self Employment

JamieAllen

Free Member
Apr 18, 2009
54
3
Hi

Just set myself up as self employed after being made redundant from employment.

Had good earnings in employment and hence paid lot of tax. Can I offset some of my self employed start up expenses against some of the PAYE tax and get it back quicker rather than having to wait until I have to fill in a self assessment and claim it against expenses through that route?

Cheers
Jamie
 
Nope - you offset losses from self employment through the completion of your self assessment.

So assuming your have just started self employment then the first self employment SA is 2009 / 2010 - so you would need to wait until then.
 
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