You're viewing a demo with sample data — Sarah Chen, freelance graphic designer, 2024–25.

Overview

Tax Year 2024–25 · Self Assessment

Filing Deadline

31 Jan 2027 · 296 days

3 transactions need your attention

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Total Income

£40,731.00

Total Expenses

£11,669.00

Net Profit

£40,731.00

Est. Tax Due

£7,501.26

Tax Breakdown

Self-employment profit£40,731.00
Personal allowance(£12,570.00)
Taxable income£28,161.00
Basic Rate (20%)£5,632.20
Class 2 NI£179.40
Class 4 NI£1,689.66
Total Tax Due£7,501.26

Effective rate: 18.4%

Your Checklist

5 / 6

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87 transactions confirmed

3,200 miles logged

Home office expenses added

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