Reply to: Self Asssement - A Close Company?

[ASB]

Hmmm, well if that's the case maybe technically you should be completing one this month. Presumably you didn't receive any money in the first few days though, so you wouldn't have anything to declare on your SA. Actually I'm in the same position myself, although the company started several months before last April I didn't take anything out of it until after then, so I'm wondering whether I need to include my company in the Employers section at all. Anyone know?

Strictly yes, it is an employment. If all the figures are zero there *might* be an exemption that means you don't need to report that employment but I can't be bothered to read the notes since it won't apply to me.

[rawly]

so I'm wondering whether I need to include my company in the Employers section at all. Anyone know?

In the Self-Employed section or Employed Section if it's your company?

[ittony]

I've got a feeling my last contract started on April 2nd and I would have set up my Ltd to coincide with that, would I have a return for just the 1 week or is it the salary/div dates (1 month after) that would be important?

Hmmm, well if that's the case maybe technically you should be completing one this month. Presumably you didn't receive any money in the first few days though, so you wouldn't have anything to declare on your SA. Actually I'm in the same position myself, although the company started several months before last April I didn't take anything out of it until after then, so I'm wondering whether I need to include my company in the Employers section at all. Anyone know?

[ittony]

should that be 31/01/2009 ?

Ooops, of course, cheers. Haven't got the hang of 2008 yet. Have corrected above.

[gingerjedi]

I've got a feeling my last contract started on April 2nd and I would have set up my Ltd to coincide with that, would I have a return for just the 1 week or is it the salary/div dates (1 month after) that would be important?

[Nixon Williams]

This month's Self Assessments deadline is for the tax year ending 5th April 2007. Sounds like you became a director after that in which case your first return is due in before 31st January 2008, as far as I know.

I don't believe you can rely on HMRC sending you one however, as I had to ask them for one.

The 2007/08 Tax Return will be due by 31/10/08 is you submit it by paper, the 31/01/09 deadline will only be for returns submitted online.

Alan

[Bluebird]

This month's Self Assessments deadline is for the tax year ending 5th April 2007. Sounds like you became a director after that in which case your first return is due in before 31st January 2008, as far as I know.

I don't believe you can rely on HMRC sending you one however, as I had to ask them for one.

should that be 31/01/2009 ?

[ittony]

Should I have had something through the post telling me what to do? As I said I've had no contact from HMRC on this matter.

This month's Self Assessments deadline is for the tax year ending 5th April 2007. Sounds like you became a director after that in which case your first return is due in before 31st January 2009, as far as I know.

I don't believe you can rely on HMRC sending you one however, as I had to ask them for one.

[Bluebird]

For years in which they were not company directors?

ahh, no.

sorry getting my tax years mixed up doh!

[gingerjedi]

Should I have had something through the post telling me what to do? As I said I've had no contact from HMRC on this matter.

[ittony]

Does it matter ?

ALL Company Directors have to do a SA don't they ?

For years in which they were not company directors?

[gingerjedi]

I set it up to coincide with the start of the new tax year... I guess I'll be ringing NW soon to ask what I should be doing!

[Bluebird]

When in April?

Does it matter ?

ALL Company Directors have to do a SA don't they ?

[ittony]

I know everyone is talking about self assessment at the moment but I don't know what I should be doing??? I've only had my Ltd since April and have heard nothing about this from either HMRC or my accountant?

When in April?

[gingerjedi]

I know everyone is talking about self assessment at the moment but I don't know what I should be doing??? I've only had my Ltd since April and have heard nothing about this from either HMRC or my accountant?

Feel free to flame the Ltd noob!