Self-employment Balance Sheet

Select Include balance sheet or Exclude balance sheet.

If you select Include balance sheet, then you have three sections on which to enter details of the balance sheet:

Balance Sheet – Assets, which includes:

• Equipment. Machinery and vehicles
• Other fixed assets
• Stock and work in progress
• Trade debtors
• Bank/ building society balances
• Cash in hand
• Other current assets and prepayments

Balance sheet – Liabilities, which includes:

• Trade creditors
• Loan and overdrawn bank account balances
• Other liabilities and accruals

Balance sheet – Capital Account, which includes:

• Balance at start of period
• Capital introduced
• Drawings

The information entered in this section will be included on Tax Calculation at Report Preview and will be used to populate boxes 83 to 99 on page SEF5 of the tax return