balletagogo Posted January 15, 2020 Share Posted January 15, 2020 Hi,wondering and worrying in advance about self employment and DADA's . I have recently gone self employed, if my daughter is successful in obtaining a DADA how will I prove how much I earn? I only have a P60 and P45 from leaving my job in August and have yet to do a tax return. I would presume I put £0 as that is what I am earning! Anybody got any information that may help? Link to comment Share on other sites More sharing options...
Pas de Quatre Posted January 15, 2020 Share Posted January 15, 2020 Don't worry, as I understand it your income is based on the previous tax year, i.e. what you declared to the Inland Revenue for the year ending 5 April 2019. Link to comment Share on other sites More sharing options...
balletagogo Posted January 15, 2020 Author Share Posted January 15, 2020 Thanks. Seems silly though as funding would be based on a salary I no longer earn which seems really unfair as isn't a true reflection on household income. Link to comment Share on other sites More sharing options...
oliviaT Posted January 15, 2020 Share Posted January 15, 2020 Yes unfortunately it can be unfair. I’m not self employed but I was offered extra hours at work for 4 months last year and it took our income into the next bracket. I explained this wasn’t my usual income but was still advised I had to put it on the form. My daughter didn’t accept her place in the end so I didn’t get as far as challenging it. Link to comment Share on other sites More sharing options...
Picturesinthefirelight Posted January 15, 2020 Share Posted January 15, 2020 If your income has changed drastically from a previous year you can apply to be re-assessed on your current income. I get dividends and I had to fill in my self assessment early in the May for the year just ended 5th April. So after 5th April 2020 you would fill in your s/a covering what you event between August and April. 1 Link to comment Share on other sites More sharing options...
Picturesinthefirelight Posted January 15, 2020 Share Posted January 15, 2020 I turned a one off bonus down that would have put us into the next bracket. Link to comment Share on other sites More sharing options...
balletagogo Posted January 16, 2020 Author Share Posted January 16, 2020 10 hours ago, Picturesinthefirelight said: I turned a one off bonus down that would have put us into the next bracket. Thank you for the info. Oh no !! I hope you will get offered one again in the future . Link to comment Share on other sites More sharing options...
Tutusrus Posted January 30, 2020 Share Posted January 30, 2020 Ask if you can have a current year assessment instead. You can for MDS in such situations so hopefully same for DaDa? Link to comment Share on other sites More sharing options...
balletagogo Posted February 1, 2020 Author Share Posted February 1, 2020 On 30/01/2020 at 20:51, Tutusrus said: Ask if you can have a current year assessment instead. You can for MDS in such situations so hopefully same for DaDa? Thank you ,will do! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now