Do I need to break down my self employment expenses?

How you report your self employment expenses depends on annual turnover.

If turnover is £81,000 or more, you need to provide a breakdown of expenses.

If turnover is less than £81,000 (or would be in a full year), you can report the net amount of allowable expenses as a single figure in the total box. This applies whether you use the Full Form or the Short Form.



Article ID: 804
Last updated: 02 Mar, 2018
Revision: 4
Tax Return Production -> Do I need to break down my self employment expenses?
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