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  1. #1

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    Default Self Assessment required for my wife?

    Thought I'd better check if my wife needs to fill in a self assessment this year

    She has a low paid job (park time) and is a shareholder in my company (not director) ..

    job is <10k, dividends is <15k

    As I understand it, this is well below any threshold... but does any know if she will need to complete a form (mandatory)??

  2. #2

    My post count is Majestic

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    Is it so hard to a little bit of research?

    HM Revenue & Customs: Do you need to complete a tax return?
    'CUK forum personality of 2011' - Winner - Yes really!!!!

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    Yes, seen that, but doesn't really answer my question (or perhaps I don;t understand the HMRC lingo).

    Is it MANDATORY to complete the self assessment, if we believe there is nothing owed?

    My concern is that there might not be time to get registered for self assessment and then on-line nonsense before the Jan date..... isn't there fines for missing the date even if you don;t owe anything??

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    Default

    If you do need to fill out an SA for the current tax year, then the deadline for online submissions is 31st Jan 2014, not 2013...it should all be in the link provided by NLUK....

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    Quote Originally Posted by jumbojake View Post
    Yes, seen that, but doesn't really answer my question (or perhaps I don;t understand the HMRC lingo).

    Is it MANDATORY to complete the self assessment, if we believe there is nothing owed?

    My concern is that there might not be time to get registered for self assessment and then on-line nonsense before the Jan date..... isn't there fines for missing the date even if you don;t owe anything??
    How do they know nothing is owed until you fill one in if you are required to by that list?
    'CUK forum personality of 2011' - Winner - Yes really!!!!

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    this is for 2011-2012

  7. #7
    eek
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    bored now

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    Quote Originally Posted by jumbojake View Post
    this is for 2011-2012
    You'd better call them and ask. Unless they confirm in writing that you don't need to fill in an SA form they'll only come down harder on you later.
    merely at clientco for the entertainment

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    Quote Originally Posted by northernladuk View Post
    How do they know nothing is owed until you fill one in if you are required to by that list?
    ??? they clearly don't think she owes anything, as they didn't send her a form ... I'm struggling a bit, as I'm not a tax expert.. doesn't make sense to me if they don't think she needs to, and we don't think she would be liable for any additional tax... lots of paperwork for no benefit (I would save HMRC money by not shaking the hornet's nest).

    but I fear the HMRC don't see the world that way, hence my questions....

    I guess I need to call them tomorrow...

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    Quote Originally Posted by jumbojake View Post
    ??? they clearly don't think she owes anything, as they didn't send her a form ... I'm struggling a bit, as I'm not a tax expert.. doesn't make sense to me if they don't think she needs to, and we don't think she would be liable for any additional tax... lots of paperwork for no benefit (I would save HMRC money by not shaking the hornet's nest).

    but I fear the HMRC don't see the world that way, hence my questions....

    I guess I need to call them tomorrow...
    How can they guess her situation to send her one? Does she fall in to any of the categories listed on the link I sent?
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    Quote Originally Posted by jumbojake View Post
    lots of paperwork for no benefit
    Lots of paperwork for the benefit of lowering your own tax burden by making her a shareholder. If you think that's not worth it, restructure your company.

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