Draft Tax Estimate

( For the Tax Year )

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Draft Tax Estimate

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Total Tax Payable
£ 7,000.00
Aggregate Income
£ 58,800.00

( ) Taxpayer Details

Name
Robert Redford
UTR No.
NJPY19257C
Date of Birth
15/02/1980
Gender
Male
Employer Category
Self Employed
Address
120 Central Avenue, London, United Kingdom, Postal Code E1 6AN
Tax Year
Return Filed under
SA103F
Tax Return Status
Draft

Description of Business
Manufacturing
Business Start Date
17/04/2020
Accounts Finalization Date
30/09/2020
Basis of Business
Cash
Postcode of Business
E1 6AN

Particulars
Amount ( £ )
Income
( the takings, fees, sales or money earned by your business )
50000.00
Income from Other Sources
( including Coronavirus support payments such as CJRS, but not SEISS )
5000.00
Trading Income Allowance
3800.00
Aggregate Income
58800.00

Particulars
Amount ( £ )
Costs of goods bought for resale or goods used
1200.00
Car, van and travel expenses
( after private use proportion )
500.00
Wages, salaries and other staff costs
300.00
Rent, rates, power and insurance costs
200.00
Repairs and maintenance of property and equipment
50.00
Accountancy, legal and other professional fees
300.00
Interest and bank and credit card financial charges
150.00
Phone, fax, stationery and other office costs
50.00
Other allowable business expenses
( client entertaining costs are not an allowable expense )
50.00
Aggregate allowable expenses
2800.00

Particulars
Amount ( £ )
Annual Investment Allowance
1200.00
Allowance for unrelieved expenditure
500.00
Structures and Buildings Allowance
300.00
Other capital allowances
30.00
Total balancing charges
50.00

Particulars
Amount ( £ )
Net Profit
7000.00

Particulars
Amount ( £ )
Goods and/or services for own use
20.00
Self-Employment Income Support Scheme grant
50.00
Brought forward Loss
( from earlier years set off against this year’s profits )
50.00
Other Income
( not included in the above list )
80.00
Net business profit for tax purposes
100.00

Particulars
Amount ( £ )
Total taxable profits from this business
₹ 130.00

Particulars
Amount ( £ )
Current year Loss
( Loss set off against other income for 2020–21 )
0.00
Loss to be carried back to previous years
( and set off against income (or capital gains)
20.00
Class 4 NICs
0.00
Total Construction Industry Scheme (CIS) deductions
( taken from taxpayer's payments by contractors )
0.00
Total loss to carry forward after all other set-offs
( including unused losses brought forward )
20