I worked for a company for two months last year and then worked for myself and invoiced out work. This means I have a IRP for the 2 months and then have to declare my income and expenditure on the balance of the year. When I populate the form I say yes to other income (trade). Where do I declare my expenses - such as computer, printing stationery, vehicle, medical, telephone, bank charges?
In the expenditure section within "Local Business, Trade and Professional Income", there is a field for bank charges and travel costs. The others (except for medical) you can insert in the "other field" and fill in the description field. All medical costs can be inserted into the medical section of your Tax Return (in the opening question, you need to answer yes, to the question asking if you incurred medical expenditure).
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.