Joint assessment calculations

N

nonsequitir

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Hi there - Myself and my wife are jointly assessed for 2007 and 2008, but in late 2007 my wife became a sole trader. She's had her accounts prepared by an accountant and has just dispatched a tax payment for 2007 (the part where she sole traded, Aug-Dec) and a preliminary tax assessment for 2008. No problems there. All done..

In the Form 12 I'm trying to complete, I can easily capture my own tax payment information. However, on the income tax portion of this form do I just put in my PAYE details and my wife's PAYE details for the period she was in the PAYE system (Jan-Jun) or do I also need to capture the amounts from August (sole trading) aswell?

Many thanks!
 
As you are assessed jointly for tax purposes your PAYE details need to be included on her tax return (Form 11) for 2007 and all following years. There is no need for you to make a return under Form 12.
 
For 2007 I have the her mix of PAYE and sole trading and PAYE. Her tax contributions for 2007 are on her P45 for that portion of the year. Form 11 has columns for me and for her. In the column for her, do I just add all of her PAYE payments (those at the start of the year + the payment made as sole trader)?

Sorry about the naieve question! We're going to be individually assessed from 2009, which will simplify matters. And for 2008 I'll have her accountant do both of ours together I think :)
 
Her sole trader income is entered under the lines 101 - 155. Both PAYE incomes for yourself and your spouse are input in line 212 and PAYE tax deducted is input in line 226 (a) - (Separate colums for self and spouse). There is no need to show tax paid directly by your wife in respect of sole trader income as this will be taken into account by Revenue automatically when they are dealing with her assessment for 2007
 
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