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Class 2 NI Contribution for IT Contractor

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    #11
    If your accountant ballsed this up he should certainly be helping you sort it out. You should be able to unregister. Strictly speaking you don't need to register for self assessment either unless you are chargeable to tax although a lot of accountants do this for company directors anyway.

    Comment


      #12
      Originally posted by TheCyclingProgrammer View Post
      If your accountant ballsed this up he should certainly be helping you sort it out. You should be able to unregister. Strictly speaking you don't need to register for self assessment either unless you are chargeable to tax although a lot of accountants do this for company directors anyway.
      Strictly speaking it appears you are wrong here.

      From HMRC site

      1. What’s your work status?
      Director of a company

      Change this answer

      Based on your answers you have to fill in a Self Assessment tax return
      1. Register for Self Assessment if you aren’t already registered.
      2. Check the deadlines for when you have to send your return.
      3. Send your tax return online

      Comment


        #13
        Originally posted by drumtochty View Post
        Strictly speaking it appears you are wrong here.

        From HMRC site

        1. What’s your work status?
        Director of a company

        Change this answer

        Based on your answers you have to fill in a Self Assessment tax return
        1. Register for Self Assessment if you aren’t already registered.
        2. Check the deadlines for when you have to send your return.
        3. Send your tax return online
        Strictly speaking, TCP is correct, based on the actual legislation (s.7 TMA 1970, Notice of Liability to Income Tax and Capital Gains Tax), but registration is HMRC policy and it's probably not worth an argument. Note the critical point: chargeable to tax.

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