HMRC Tax Return – 4: Fill In Your Return (Self-Employment Overview)

This section of your tax return is dedicated to your self-employment income and expenses. You’ll need information from your MalgraBooks cloud spreadsheet or accounting records to complete this section.

The self-employment section is where you declare your business income and expenses to HMRC. This is typically the most important section for Slimming World consultants, as it covers your consultancy business.

We’ve split this guidance into three pages to make it easier to navigate. Each page corresponds to the different stages you’ll encounter when completing the self-employment section on HMRC’s system.

How to Use This Guide #

Work through each page in order as you complete your tax return. Have your MalgraBooks spreadsheet or accounting records ready before you start.

Page 1: Business Setup & Details #

This page covers the initial setup questions about your self-employment:

• VAT registration threshold
• Special circumstances that may apply to your business
• Business name and description
• Business address
• Start and cease dates
• Accounting date
• Cash basis accounting

View Page 1 Guidance →

Page 2: Income & Expenses #

This page helps you enter your financial figures:

• Turnover (total income)
• Other business income
• Trading income allowance
• How to record your expenses
• Where to find figures in your MalgraBooks spreadsheet

View Page 2 Guidance →

Page 3: Adjustments & Final Details #

This final page covers additional adjustments and compliance items:

• Capital allowances and balancing charges
• Goods or services for your own use
• Losses brought forward or carried forward
• CIS (Construction Industry Scheme) deductions
• Class 4 National Insurance exemptions
• Additional information for HMRC

View Page 3 Guidance →

Quick Tips for Slimming World Consultants #

Most Slimming World consultants will:

• Answer NO to VAT registration (unless turnover exceeds £90,000)
• Select “None apply” for most special circumstances
• Use cash basis accounting (YES)
• Have a simple business structure with one business name
• Record expenses as a single total value
• Leave capital allowances and losses sections blank
• Pay Class 4 National Insurance (select “None apply” to exemptions)

Before You Start #

Make sure you have your final income and expense figures ready before starting this section. If you’re using MalgraBooks, ensure all your transactions are entered and your accounts are up to date.

Important Reminders #

Due to the nature of the tax system, we cannot provide information covering every eventuality. With tax matters, everyone is different, and not all questions listed may appear on your return.

Where your circumstances are more complex than standard self-employment, seek professional assistance to complete your return.

Need Help? #

If you’re unsure about any question, always click the ‘Help’ button on the HMRC tax return for official guidance. You can also use the support resources available through your MalgraBooks account.