Step by Step guide to completing the Basis Period Reform Calcs for 23/24 Self Assessment Tax Return

Struggling with Basis Period Reform on your 23/24 Self Assessment Tax Return?
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This step-by-step guide is here to help UK sole traders, especially freelance musicians, navigate the tricky calculations required for the new Basis Period Reform. With clear explanations and practical examples, we’ll walk you through how to complete this section of the self-employment pages in your 23/24 SATR with confidence.

Perfect for Freelance Musicians: This video was inspired by comments on our previous Basis Period Reform content, where viewers requested more help with these calculations.

What You’ll Learn:
What Basis Period Reform is and who it affects.
How to calculate your taxable profits under the new rules.
How to enter the correct figures on your tax return.

Additional Support:
If you have questions or need extra guidance, drop a comment below, and we’ll do our best to assist!

NEED HELP with the rest of your Tax Return? Check out our 5-part guided course designed specifically for musicians to confidently complete your Self Assessment Tax Return. Learn more here: https://www.musicianstaxadvisor.org/c...

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