Tax Returns for Two Months?

Silverpin

Hi. A quick question: I set up as a sole trader in November 2015. (I was asked to set up as a sole trader then and it was quite rushed.) If I make up my accounts to the 31st of December, will my first return be just for those two months?

Much appreciate any help on the subject.

mrawkward

Silverpin wrote: »

Hi. A quick question: I set up as a sole trader in November 2015. (I was asked to set up as a sole trader then and it was quite rushed.) If I make up my accounts to the 31st of December, will my first return be just for those two months?

Much appreciate any help on the subject.

Yes!

TripleAce

unfortunately yes, I am in the same boat. Opened my company in October last year and my accountant confirmed that I have to do the tax returns for 2015, even just for those couple of months.

Lockedout2

A tax return is for a calander year.

So it's all your income for that year.

If you have a company then the company makes a corporation tax return and you use the figures from your P60 for your tax return.

Silverpin

Thanks for all the replies.
All the best to everyone filling out their Form 11.

TripleAce

Silverpin wrote: »

Thanks for all the replies.
All the best to everyone filling out their Form 11.

I got my accountant to do it for me, will be paying around 275€ (inc. VAT). Is this standard price, cheap or expensive?

Howjoe1

TripleAce wrote: »

I got my accountant to do it for me, will be paying around 275€ (inc. VAT). Is this standard price, cheap or expensive?

Cheap