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self assessment

  1. ladymuck

    Late SA taxpayers will not be charged 5% surcharge

    https://www.accountingweb.co.uk/tax/hmrc-policy/late-sa-taxpayers-will-not-be-charged-5-surcharge As the impact of Covid-19 continues, taxpayers can dodge the first 5% surcharge as long as they pay their tax or set up a time to pay arrangement or a payment plan by 1 April 2021. In normal...
  2. A

    Fixed term contract & dividend payments?

    Hi all I'm considering taking a FTC role for a year. In the meantime, I also have money in my limited company (from contracting). Assuming I took a dividend this year to top up my earnings, how would the self assessment calculation work for Jan 2022 (or even Jan 2023)? The proposed salary is...
  3. O

    How can I check if I have a Protected year?

    I am unclear whether I have any HMRC "Protected" years. I don't recall having received any letters indicating a year is under assessment or Protected. I'm unclear on how to confirm. I checked my previous self assessment years online via the government gateway, self assessment. All my listed...
  4. N

    Expenses and tax question (Self Assessment)

    Hi all, can someone please help me figure out the whole SA shebang? Do you usually start well in advance and have everything ready by the time you file your Self Assessment? How much time would you say you usually need (per month or total)? Is the workload typically manageable? How do you go...
  5. D

    Self Assessment - Dividend Tax - Payments on Account

    OK, So have done first draft of personal self assessment tax return. £2K to pay in Dividend tax no surprise there. Payments on account of £2K for tax on possible future dividends, that's a bit of a surprise! Given the ongoing economic uncertainties for the UK and contractors, I have no idea...
  6. C

    declaration of trust business partnership

    I have a customer who owns a mobile home park business in a partnership with her sister. She wants to set up a declaration of trust so that her father is also a beneficial owner as he loaned his daughters the money to by the mobile home park some time ago. The land registry is registered between...
  7. I

    Self Assesment Tax Return question

    Hi, I was trying to tailor my SATR for the period 2015/16 but I have a simple question I guess. Basically I'm the director of my company and I've received dividends in that period, but I have not a wage in my company, so I dont have PAYE, I'm receiveing money for my company as expenses that I...
  8. C

    Should I be thinking about doing my Self Assessment now?

    Hi all, Last year, around 980,000 filed their Self Assessment on the last day of filing deadline day last year. Paper filing deadline day is only just over 2 weeks away and as soon as it hits 12am on the 1st February 2017 and you've not filed, you receive an immediate £100 fine. I think it...
  9. I

    Do I need to close my bank account

    Hi guys, I set up a limited liability company last year working as a contractor but have recently got a permanent job so was looking to close it as I doubt I'll be contracting for the foreseeable. I set up my standard bank current account to receive invoice payment, and although I can't...
    • ikodel
    • Thread
    • closing limited company ltd company self assessment winding-up
    • Replies: 16
    • Forum: Accounting / Legal
  10. H

    VAT Notice of assessment of tax

    Hi would appreciate some advice on the following matter which is creating a fair amount of stress. For the past 2 x years I had been contracting using an umbrella company (Parasol). Because of the 24-month rule I considered the possibility of setting up my own Limited Company, and actually did...
  11. I

    P11d and Self assessment

    I have 3 expenses on my P11d: travel, entertainment, and professional fees Travel and entertainment were classed as "Taxable payments"; and Professional fees were classed as "Non-class 1A items" Which items do I need to include in my self assessment? Only the "Taxable payments", or all 3...
  12. J

    Self Assessment required for my wife?

    Thought I'd better check if my wife needs to fill in a self assessment this year She has a low paid job (park time) and is a shareholder in my company (not director) .. job is <£10k, dividends is <£15k As I understand it, this is well below any threshold... but does any know if she will need...
  13. J

    Self assessment

    Hi there When does the Inlanrd Revenue contact Directors to submit a self assessment? I formed my Company in March 2010 but havent heard anything and my accounts are due in Dec 2010 but I'm not clear what relation this has to Self Assessment (I've never done it before) so any help will be much...
  14. G

    Self assessment - what is the difference between UTR and Tax reference

    I'm have my LTD and filling in my Self assessment. There are 2 fields on the first page. UTR and Tax reference. As far as i know the UTR is 10-digit number that should have been sent to me by HMRC. What is Tax reference then? Also i haven't received any correspondence from HMRC containing my...

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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