Self Assessment Fine

[polik1234]

I've received a fine unfortunately from the HMRC for a delayed self assessment form. I'm uncertain whether I actually do need to complete a self assessment form, and so was looking for some help here.

I work for the NHS and am employed and get paid PAYE. I also have a Limited Company and these accounts are submitted separately.

Do I need to fill a self assessment form also, and do I have grounds to dispute the fine?

[northernladuk]

The Gov web pages give some very clear information on whether or not you have to fill one in. It can be found here.

https://www.gov.uk/self-assessment-t...d-a-tax-return

You are a director of a limited company so that's a yes although I believe there is some caveat about it not being required if you didn't make 10k from it or something. You are light on data so maybe you did and they've got you bang to rights. Read the link and see if you think you need to.

[jamesbrown]

I've received a fine unfortunately from the HMRC for a delayed self assessment form. I'm uncertain whether I actually do need to complete a self assessment form, and so was looking for some help here.

I work for the NHS and am employed and get paid PAYE. I also have a Limited Company and these accounts are submitted separately.

Do I need to fill a self assessment form also, and do I have grounds to dispute the fine?

Strictly speaking, unless you have income that is chargeable to tax via self-assessment, you are not obliged to file a SATR simply for being a company director, although HMRC like to suggest otherwise. However, if you've received income that is chargeable to tax, you definitely need to file a SATR, and it would probably make your life easier to file one anyway. If you have an accountant, they should be telling you this. If you don't, get one.

[northernladuk]

This seems to be a fairly good basic guide but the format is screwed on my phone. There will be plenty of others if you use Google.

http://www.rapidformations.co.uk/blo...for-directors/

[TheCyclingProgrammer]

Jamesbrown covered it. There's no legal requirement to file a tax return for being a director.

However your fine for a late tax return would suggest you received a notice to file and you failed to do so. If you receive a notice to file and you can't get HMRC to withdraw it you MUST complete a return. You almost certainly have no grounds for disputing a fine for a late return.

If you never received a notice to file you cannot be fined for a late return. If you should have filed one but failed to notify HMRC you needed to do one then that is a different penalty regime altogether and is dependent on what tx you should have paid.

[ASB]

Jamesbrown covered it. There's no legal requirement to file a tax return for being a director.

However your fine for a late tax return would suggest you received a notice to file and you failed to do so. If you receive a notice to file and you can't get HMRC to withdraw it you MUST complete a return. You almost certainly have no grounds for disputing a fine for a late return.

If you never received a notice to file you cannot be fined for a late return. If you should have filed one but failed to notify HMRC you needed to do one then that is a different penalty regime altogether and is dependent on what tx you should have paid.

I only ever get notrice to file electronically. My partner still gets paper ones (I expect I have ticked a box somewhere at somepoint). The thing is it can be difficult to know what HRMC are trying to tell you unless you actively go and look on your self asessment account periodically since the electronic notification goes to the sa account and there is no other notification.

[Lance]

unless you actively go and look on your self asessment account periodically since the electronic notification goes to the sa account and there is no other notification.

So logon to that 2nd week in January, every year, without fail.
There are other reasons for doing SA though. It's amazing that you can spend 20 minutes filing in a form online and find out they owe you money you never knew about.
But to be honest,,,,, if you're a LTD co director, even without a requirement to do SA, I'm amazed that you'd not at least check every year anyway like you have to do for your LTD annual return and accounts filings.