Who should use the SA103F Self-employment Full form
If your business is more complex, your annual turnover was £
70,000 or more, or you need to make some adjustments to your profits, you will need the Self-vemployment Full form
SA103F. To use this form within
Andica Self Assessment software for individual tax payers returns, while you are within the 'What makes up your Tax Return' screen, select the check-box for Question 2 and Select the option for 'Full'.
Use the Self-employment Full pages if:
- your turnover was £70,000 or more (or would have been if you
had traded for a full year)
- you have changed your accounting date
- the results of your accounts, made up to a date in the year to
5 April of this tax returns, have been declared on a previous Tax
Return
- you no longer prepare your accounts on the 'cash basis', but
have changed to generally accepted accounting practice (GAAP)
(also known as the 'true and fair basis)
- you provide services under contracts for professional or other
services and these contracts span your accounting date
- you are a practising barrister (advocate in Scotland)
- your business is carried on abroad
- you wish to claim Agricultural or Industrial Buildings
Allowance, or other capital allowances for items apart from
equipment and machinery
- your basis period – that is the self-employed period for which
you are taxable – is not the same as your accounting period
- you wish to claim 'overlap relief'
- you are a farmer, market gardener or a creator of literary or
artistic works and you wish to claim averaging.
If the tax affairs of your business are straightforward and none
of the above apply, you can use the
Self-employment
Short SA103S
forms instead. Names at Lloyd’s of London have their own version of
Self-employment pages
SA103L
Lloyd's Underwriters.
You may need to complete more than one set of Self-employment
form if:
- you have more than one business, even if you have one set of
accounts covering all your businesses
- you have recently started or ceased in business or you have
changed your accounting date and you need more than one set of
accounts to arrive at your taxable profit
You can use
SA103F
Full notes to assist with information on how to complete
the Self Employment Short form.
Andica Self Assessment
Tax
Returns Software for Individual tax payers provides features for
completion of SA103F Self Employment Full forms along with
SA100 Main tax
return and all other
supplementary forms.
