REgistering for Self Assessment

[ceejay007]

Hi all

I was hoping someone can shine a bit of light on the on the self assessment requirement for me.

I'm the director of a limited company which has been operational since August 2012, however the contract ended in June and I am no loger in the UK.

As director, I need to submit a self assessment (even though I have no taxes/NI to pay).

Do I need to register as an individual with HMRC (Form SA1) to get my UTR# and then complete the online registration/self assessment? Or is ther another way around it? I already have an online account with HMRC, however it's for an organisation (the company) and not an individual. I have an option to register for self assessment through that, however I don't think that's the correct way of doing it.

Hoping someone can clarify this for me!

Thanks in advance

[northernladuk]

You could try using google and go read the basics on the HMRC website.

[Clare@InTouch]

You'll need to register for a UTR before you're able to file a tax return.

As a director of a limited company you should file a return, even if there is no tax due.

HMRC are probably the best people to ask though, try giving them a call Self Assessment

[Martin at NixonWilliams]

Do I need to register as an individual with HMRC (Form SA1) to get my UTR# and then complete the online registration/self assessment?

Yes, use the SA1 form and state that the reason you need to complete a return as you are/were a director of a limited company.

The SA1 can now be completed online, this is quicker than sending the paper form!

[ceejay007]

Thanks a lot for your help guys, much appreciated

Here's hoping I don't get fined for applying late!

[xoggoth]

Reading the HMRC site it certainly seems to say (or did when I last looked) that a limited company director must be registered for SA but that is not actually legally correct.

Have a look at answers here:

http://www.accountingweb.co.uk/anyan...elf-assessment

[Martin at NixonWilliams]

Reading the HMRC site it certainly seems to say that a limited company director must be registered for SA but that is not actually legally correct.

Registering for PAYE is a separate matter to registering to complete self-assessment tax returns, but you are correct in saying a company does not need to register for PAYE when it is not paying any salaries.

To explain why the above makes no sense - the post was edited as I replied.

[xoggoth]

Yeh! Realised my mix up of PAYE/SA as soon as I posted. You were too quick!

Anyway, if not higher rate and no tax to pay, don't think you actually need to register for either.