Originally posted by Platypus
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: spouse's tax return
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "spouse's tax return"
Collapse
-
Originally posted by Platypus View PostYep, given all the advice on here, sign up for this, calculate that, even the time taken to read and understand the replies, I'd say the £60 he was proposing to charge you was rip-off and you're about to make a fantastic saving well worth all the time and trouble. Of course if you make a mistake and collect some sort of fine, you'll be liable, not the accountant.
BTW, I hear there are some Tesco 10p off vouchers in today's free newspaper. You probably want to check 'em out too.
Leave a comment:
-
Originally posted by Andy2 View Postand asking me for £60 , on top of £1200 he is getting from me
BTW, I hear there are some Tesco 10p off vouchers in today's free newspaper. You probably want to check 'em out too.
Leave a comment:
-
I just did the gf's tax return.
Mind you she is a kept woman - not a single penny of income...
Leave a comment:
-
Originally posted by Andy2 View Post...Can I just file it myself ? ...
There's no legal reason to have an accountant do your tax return, though you might choose to.
There's no legal reason to have an accountant for your wife's tax return, though you might choose to.
There's no legal reason to have an accountant for your company's accounts either - assuming that the turnover is over the limit. You might still choose to.
Leave a comment:
-
Originally posted by Nixon Williams View PostWhilst I do not know all the details regarding your wife, if she is not a director then based on the income you quite, no tax return would need to be completed.
In such cases, a tax return for a spouse is usually only required if the total income exceeds the higher rate threshold. This doea not appear to be the case here.
Alan
Amazing how different accountants have different opinions.
Leave a comment:
-
I read the link I posted.
It says in one part:-
"employees and pensioners with more complex tax affairs - see below"
It says in that part:-
Employees and pensioners with complex tax affairs
You need to fill in a tax return if you:
* have an annual income of £100,000 or more
* have annual income from savings or investments of £10,000 or more (before tax)
* claim against tax for expenses or professional subscriptions of £2,500 or more
* have untaxed income of £2,500 or more (although some pensioners may be able to pay the tax on this through their PAYE tax code)
* owe tax at the end of the year that cannot be collected through a change to your PAYE tax code for the following year
It seems to me that she is caught by the second bullet with divi of 13k.
Leave a comment:
-
Originally posted by Andy2 View PostHow do you guys fill in self assessment return for your spouse/secretary ?
My accountant confirms that no tax is due but says she has to file return
and asking me for £60 , on top of £1200 he is getting from me
She has been paid £13k dividend and £4500 salary from my company
and her other income is £700 out of which she had paid £150 tax at source.
Can I just file it myself ? Do I have to declare 13k divi or (13k*1.1) ?
In such cases, a tax return for a spouse is usually only required if the total income exceeds the higher rate threshold. This doea not appear to be the case here.
Alan
Leave a comment:
-
No reason for an accountant to do it the SA isn't that difficult and you've got at least another 5 months to sort it.
If the missus is a director then you have to do one.
If she an "officer" (ie co secretary) and just takes divis then I think you still have to do one and - according to the SA notes - return a blank employment page.
Also remember to keep your SA consistent with your P35 re the question about divis derived from a service company.
Leave a comment:
-
Originally posted by ASB View PostYou don't say whether she is a director or not. If not you might not need to fill in a return for her, depends upon the circumstances. [I'm pretty sure she will with investment income of 13k though
Leave a comment:
-
Originally posted by Andy2 View PostHow do you guys fill in self assessment return for your spouse/secretary ?
My accountant confirms that no tax is due but says she has to file return
and asking me for £60 , on top of £1200 he is getting from me
She has been paid £13k dividend and £4500 salary from my company
and her other income is £700 out of which she had paid £150 tax at source.
Can I just file it myself ? Do I have to declare 13k divi or (13k*1.1) ?
You don't say whether she is a director or not. If not you might not need to fill in a return for her, depends upon the circumstances. [I'm pretty sure she will with investment income of 13k though]
http://www.hmrc.gov.uk/sa/need-tax-return.htm
Leave a comment:
-
spouse's tax return
How do you guys fill in self assessment return for your spouse/secretary ?
My accountant confirms that no tax is due but says she has to file return
and asking me for £60 , on top of £1200 he is getting from me
She has been paid £13k dividend and £4500 salary from my company
and her other income is £700 out of which she had paid £150 tax at source.
Can I just file it myself ? Do I have to declare 13k divi or (13k*1.1) ?Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: