Balance sheet

By Tolley

The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Balance sheet
  • Reporting requirements

Reporting requirements

If a balance sheet is prepared as part of the sole trader’s accounts, the figures from the balance sheet should be entered into the relevant boxes on page SEF5 of the Self Employment (full) supplementary pages  to the Tax Return.

These entries need

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