Taxspec

Quick Quote

Below the form is some important help.

Tax Year : 2019/20202020/2021

Your figures for the Tax Year (6 April to 5 April) Total Gross Income :
£
Total Tax Already Deducted :
£
Total Work-related Expenses :
£
Private Pension contributions :
£



For 20/21 any SEISS taxable grants received must be added to gross income from your self-employment. For example, if the total payments from your clients or contractors or (for Construction Industry Scheme) the total pre-tax (eg before 20% deductions) figure on CIS payslips is £50,000 and your recieved £10,000 in SEISS grants then your total gross income is £60,000.

To take advantage of the tax relief on contributions to a pension scheme (and potentially significantly reduce any tax bill) a contribution must be made before the end of the tax year in question.