Expenses prior registering as self-employed?

Q & ACategory: QuestionsExpenses prior registering as self-employed?
Kristi asked 3 years ago

Hi there! I am starting my own Virtual Assistant business, but for that, I will need a website and possibly some extra computer equipment. I have not registered as a self-employed yet, as it seems you only need to do that once you are ready to submit your taxes… But I have not started my business yet. So next year when I start filing my taxes, can I include my expenses from now, March 2021, although my business does not exist with HMRC? The whole process is very confusing and I don\’t seem to find an answer anywhere… I hope the above makes sense 🙂 Thank you!

Sign up to our Newsletter

Follow IWORK on social

Subscribe to our Podcast

Latest Articles

HMRC Adds Four More To Tax Avoidance List

HMRC has updated (11/04/24) their published list of named tax avoidance schemes and promoters with the addition of four more companies: Acacia Management Services Limited...

Don't forget to sign up to our newsletter

Subscribe to Podcast Series

Subscribe to our Podcasts through Apple Podcasts by following the links below:

All About Self Employment

Empowering Agency Workers

Sign up to our weekly updates by giving us your details below

Submit Review