Originally posted by Ridsharc
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Previously on "Self assessment as Director and Self Employed"
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Your call. But, either you have income to declare or you don't. Its not optional.
Its an offence not to declare your income.
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Thanks Jessica. While I'd like to trust your 99.9% certain proclamation, the following line from the form itself https://imgur.com/a/881WD gives me second thoughts.
"If you are self employed or in a partnership, you must register to pay Class 2 National Insurance."
I think I'll just leave it as 0 income from the Ltd and no self employment and no Class 2. If my circumstances change and I forget to later unregister I'll have presented hmrc with another stick with which to beat me.
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Re the error, it looks like something on Section 3 mismatches the rest of the return.
Did you change anything on section 3? Eg maybe there were two employments last year?
Can you expand section 4? What does it show?
If you changed anything on section 3, revert it, save, and then go to section 4 and make a deletion there.
I'm stabbing a little at this as, like most accountants, I don't use HMRCs own portal. I use accountants software via API.
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Originally posted by Ridsharc View PostThanks all for the responses.
If I hit Next on this image https://imgur.com/a/881WD I get the error.
Jessica, are you absolutely sure class 2 NI is not necessary for self employment ? This link https://www.gov.uk/log-in-file-self-...-self-employed seems to suggest it may be required.
To put that another way I'm 99.9% certain that the absence of a Class 2 registration won't effect your completion of a Self Assessment.
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Thanks all for the responses.
If I hit Next on this image https://imgur.com/a/881WD I get the error.
Jessica, are you absolutely sure class 2 NI is not necessary for self employment ? This link https://www.gov.uk/log-in-file-self-...-self-employed seems to suggest it may be required.
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I'm not sure about declaring "say £6,000", and not wasting allowances - surely you declare what you earned.
Anyway, yes you can have both employment and non employment income on the return. I don't think registering for class 2 will make a difference this is just navigating HMRCs website.
As one yogi to another, this may help - its something I wrote last year, so other than being one year old, should assist:
https://yogatax.co.uk/help/filing-se...nt-tax-return/
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Is it not possible to be a Director and have some income from side self employment?
PS although not got round to doing mine yet this year. May be some HMRC technical cock up. Again.
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Originally posted by Ridsharc View PostHi, I'm doing my self assessment for 2016-17 and would like some advice. I didn't make any income the entire year - took some time off to do yoga and play tennis. I am a Director of a Ltd that I set up a few years ago and I didn't earn anything from the Ltd. I would like to declare some income, say £6k from self employment which will be below the class 2 NI threshold. The 'Tailor your return' section of the self assessment form at https://tax.service.gov.uk doesn't allow me to do this. Throws an error: "You cannot remove a section from within '3. Tailor your return' Please use the 'Delete' link from within the section you wish to remove." if I try to enter details both about the Directorship and the Self Employment.
Is it not possible to be a Director and have some income from side self employment ? If it's possible, for what do I have to register to allow the self assessment to continue ?
You are saying that you had no income for 2016-17, but you want to say that you had £6k of income.
Are you talking about your personal income or are you talking about your company income?
If you are talking about personal income, and you say you didn't earn anything, then why would you lie to say you earned £6k?
To me it seems like you're not telling us the whole story.
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Self assessment as Director and Self Employed
Hi, I'm doing my self assessment for 2016-17 and would like some advice. I didn't make any income the entire year - took some time off to do yoga and play tennis. I am a Director of a Ltd that I set up a few years ago and I didn't earn anything from the Ltd. I would like to declare some income, say £6k from self employment which will be below the class 2 NI threshold. The 'Tailor your return' section of the self assessment form at https://tax.service.gov.uk doesn't allow me to do this. Throws an error: "You cannot remove a section from within '3. Tailor your return' Please use the 'Delete' link from within the section you wish to remove." if I try to enter details both about the Directorship and the Self Employment.
Is it not possible to be a Director and have some income from side self employment ? If it's possible, for what do I have to register to allow the self assessment to continue ?Tags: None
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