Help with end of year returns

[Gros]

Hello. I'm completing my p35 and p14 forms (yes, which are late I know, but I won't get penalized as they're all nil returns). Four questions:

Note: I'm an IT contractor operating outside IR35, just me as a limited company.

1) I keep reading about P11D... Do I need to do one of these? No one has mentioned this to me before.

2) On the P35 form, there is the question "Are you a service company?". If Yes, have you operated the Intermediaries legislation (IR35). Not sure about this...

3) On the P14, under "National Insurance contributions in this employment" there is the heading "NIC table letter". What is this? As I have not made any NIC can I leave this section blank?

4) On the P14, there is the question "Final tax code". Help...

If anyone can help me with this, I'd be grateful! Doing this stuff yourself is educational (and fun, sometimes), but daunting when you don't know the answers!

[xoggoth]

1 If you are a director yes, it's about any benefits or expenses claimed.
2 Do a search here or better on shout99, this has been discussed to death, not sure if there has been a definitive answer though. Being retired (sneer sneer) I never had to bother with it.
3 Will normally be A. There is a little chart thing on the IR site. Problem if you are doing it online is one cannot seem to enter nil payments with an A code. That appears to be an error in the site.
4 Surely you have been sent a tax code? If you have not declared benefits before it should be same as most people's with standard allowance, 522L.

[Gros]

1 If you are a director yes, it's about any benefits or expenses claimed.
2 Do a search here or better on shout99, this has been discussed to death, not sure if there has been a definitive answer though. Being retired (sneer sneer) I never had to bother with it.
3 Will normally be A. There is a little chart thing on the IR site. Problem if you are doing it online is one cannot seem to enter nil payments with an A code. That appears to be an error in the site.
4 Surely you have been sent a tax code? If you have not declared benefits before it should be same as most people's with standard allowance, 522L.

Many thanks xoggoth. I'm doing paper returns this time. So for 3) can I just leave that section blank if there are no payments due?

[Gros]

Well, I just had a lengthy chat with the Employers Helpline at HMRC. Now I think I'm more confused than before...

Apparently I don't have to complete a P14 after all, as I have nil returns. Instead, I have to complete a P38A as a supplement to the P35.


I then asked if I have to complete a P11D. She asked what expenses I have been claiming, and said that I should complete the form to declare the daily commuting costs I claimed last year (tube fares). But she said that the mileage costs I'm claiming now did not have to be mentioned. She said something about the train fares not being eligible for tax relief, which was not what my old accountant had told me. At the end of every month I have been paying myself these costs as expenses, assuming that it won't get taxed.

If someone could clarify this, that would be great, I'm getting in a tangle!

[Integrity]

Well, I just had a lengthy chat with the Employers Helpline at HMRC. Now I think I'm more confused than before...

Apparently I don't have to complete a P14 after all, as I have nil returns. Instead, I have to complete a P38A as a supplement to the P35.


I then asked if I have to complete a P11D. She asked what expenses I have been claiming, and said that I should complete the form to declare the daily commuting costs I claimed last year (tube fares). But she said that the mileage costs I'm claiming now did not have to be mentioned. She said something about the train fares not being eligible for tax relief, which was not what my old accountant had told me. At the end of every month I have been paying myself these costs as expenses, assuming that it won't get taxed.

If someone could clarify this, that would be great, I'm getting in a tangle!

Did you talk about commuting when you discussed it with them? "Commuting" is fundamentally different to "visiting a client". One is allowable as an expense, the other isn't.

[Gros]

Did you talk about commuting when you discussed it with them? "Commuting" is fundamentally different to "visiting a client". One is allowable as an expense, the other isn't.

No, I didn't differentiate. Does that mean that I've been doing the right thing after all, and that I don't need to declare that expense?

And if I don't have any other expenses, do I still have to complete a P11D?

[max]

No, I didn't differentiate. Does that mean that I've been doing the right thing after all, and that I don't need to declare that expense?

And if I don't have any other expenses, do I still have to complete a P11D?

Why don't you ask your accountant? This is what we pay them for...they specialise in doing forms and the like. Secretly I think they enjoy it!

[Gros]

Why don't you ask your accountant? This is what we pay them for...they specialise in doing forms and the like. Secretly I think they enjoy it!

I don't have one! Not at the moment at least. I'm trying to learn the ropes...

[QwertyBerty]

And if I don't have any other expenses, do I still have to complete a P11D?

I don't think so. My P11D was nil and I was advised to fill in a P11Db.

QB.

[blacjac]

I've only ever had one P11D, about 10 years ago when I had a company car and had to pay extra tax for it.

Since then I have worked for several different companies, then started my own and claimed expenses from all of them, but never had a P11D.