Example
A year-end tax return in flonancial
After your four quarterly updates, you finalise the year once. flonancial brings all your income together, shows you HMRC's own calculation, and you submit your tax return. Here's what that looks like for a few example people. The supported year-end return is built into flonancial, free, and ready for the first MTD year-end.
Jordan
Mobile mechanic, sole trader. Self-employment is his only income.
Income by source
- Self-employment profit
- £29,500.00
- Total income
- £29,500.00
- Taxable income
- £16,930.00
- Income tax due
- £3,386.00
- Class 2 NIC
- £0.00
- Class 4 NIC
- £1,015.80
Sam
Freelance designer with some savings interest and a few UK dividends.
Income by source
- Self-employment profit
- £38,000.00
- UK savings interest
- £350.00
- UK dividends
- £1,200.00
- Total income
- £39,550.00
- Taxable income
- £26,980.00
- Income tax due
- £5,147.25
- Class 2 NIC
- £0.00
- Class 4 NIC
- £1,525.80
Maria
Landlord with one rental, plus savings interest and dividends. No self-employment.
Income by source
- UK property profit
- £22,800.00
- UK savings interest
- £680.00
- UK dividends
- £900.00
- Total income
- £24,380.00
- Taxable income
- £11,810.00
- Income tax due
- £2,081.00
- Class 2 NIC
- £0.00
- Class 4 NIC
- £0.00
Example figures only, to show how the screen looks. Your own tax is calculated by HMRC from your actual income for the year.
Get ready for your first MTD year-end
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