Self-employment Recap Quiz

How many times per year does a self-employed person have to pay tax to the HMRC?

• Monthly

• Quarterly

• Annually

What are the dates for the current financial year?

• 6th March 24-5th March 25

• 5th April 24-

  6th April 25

• 6th April 24-

  5th April 25

• 2nd April 24-

  1st April 25

What calculation is used to determine the profits of a self-employed person's business?

• Gross Profit = Total Revenue + Total Expenses
• Net Profit = Total Revenue / Total Expenses
• Net Profit = Total Revenue - Variable Costs
• Net Profit = Total Revenue - Total Expenses

What is the deadline date for completion of a self-assessment tax return form?

• 30th June
• 31st January
• 1st December
• 15th April

How many classes of National Insurance do self-employed people pay?

• 2 classes
• 4 classes
• 3 classes
• 1 class