Filling in my late tax return

Discussion in 'Accounts & Finance' started by johnp1, Feb 21, 2019.

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  1. johnp1

    johnp1 UKBF Newcomer Free Member

    19 2
    Dear friends,

    I need some assistance to fill in my tax return ( never done it before ). I missed my 2016-2017 tax return.

    I am both the director of my own company and an employee for another company ( full time job ). My company was dormant until this winter, so no gains or anything else for 2016-2017 year.

    I am not sure what to fill in at this question:

    Were you an employee (or director or office holder) or agency worker in the year to 5 April 2017?*
    ( I put YES )

    How many employments or directorships did you have?
    - I put 2, I listed the name of my own company and the company that I work for.

    Is that correct?

    Thank you for your assistance!
     
    Posted: Feb 21, 2019 By: johnp1 Member since: Oct 4, 2018
    #1
  2. Scalloway

    Scalloway UKBF Legend Free Member

    16,565 3,509
    That is what I would do.
     
    Posted: Feb 21, 2019 By: Scalloway Member since: Jun 6, 2010
    #2
  3. SteveHa

    SteveHa UKBF Ace Free Member

    1,783 364
    Before you submit the Return, bearing in mind that you will be liable for penalties for late submission, if your only income in 2016/17 was from employment and taxed via PAYE, ring HMRC and ask them to withdraw the notice to file under TMA 1970 S8B.

    Note, many HMRC advisors will tell you that you have to file the Return first. This is the exact opposite of the true position. Legislation explicitly prevents withdrawal if the Return is filed.
     
    Posted: Feb 22, 2019 By: SteveHa Member since: Jun 16, 2016
    #3
  4. johnp1

    johnp1 UKBF Newcomer Free Member

    19 2
    Thank you very much for your reply.
    So I have to call HMRC and explain to them that for 2016/2017 I didn't have any activity with my company and I already paid tax for my other job through PAYE ?
    Then I should ask them to withdraw the notice and to file instead under TMA 1970 S8B?

    Does that mean that I have to fill in something else or theoretically HMRC should simply withdraw it and that's it?
     
    Posted: Feb 22, 2019 By: johnp1 Member since: Oct 4, 2018
    #4
  5. Newchodge

    Newchodge UKBF Big Shot Free Member

    14,675 3,937
    Not to file instead. TMA 1970 is the legislation under which you are requesting that the notice be withdrawn
     
    Posted: Feb 22, 2019 By: Newchodge Member since: Nov 8, 2012
    #5
  6. SteveHa

    SteveHa UKBF Ace Free Member

    1,783 364
    If HMRC withdraw the notice then you won't need to do anything for 2016/17. It will be, effectively, a closed year.
     
    Posted: Feb 22, 2019 By: SteveHa Member since: Jun 16, 2016
    #6
  7. TheCyclingProgrammer

    TheCyclingProgrammer UKBF Regular Free Member

    1,223 246
    And if they give you any rubbish about needing to submit a tax return because you’re a company director I suggest you refer them to their recently changed guidance stating this NOT to be the case (the law has not changed, only HMRCs interpretation of it).
     
    Posted: Feb 22, 2019 By: TheCyclingProgrammer Member since: Jul 15, 2014
    #7
  8. johnp1

    johnp1 UKBF Newcomer Free Member

    19 2
    Dear friends,

    I just called HMRC , I quoted the law and everything and they withdrew it as per your advise.

    Thank you so much for your support, I am genuinely happy!
     
    Posted: Feb 22, 2019 By: johnp1 Member since: Oct 4, 2018
    #8
  9. SteveHa

    SteveHa UKBF Ace Free Member

    1,783 364
    I love it when a plan comes together. :)
     
    Posted: Feb 22, 2019 By: SteveHa Member since: Jun 16, 2016
    #9
  10. Newchodge

    Newchodge UKBF Big Shot Free Member

    14,675 3,937
    :D:D That's great
     
    Posted: Feb 22, 2019 By: Newchodge Member since: Nov 8, 2012
    #10
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