Self Assessment After SpongeBob Plan

[SAC Consulting]

Hi,

My company was dissolved this week I ceased trading beginning of October and went on to PAYE, today I received a personal self assessment tax return from 2015 to 2016. I need to send by 31st October, I am now concerned that they may look into previous years as I had an overdrawn DL. I should just report April 15 to end Sept 15 and I didn't work for 6 weeks from Jul to Aug because of cancer treatment. Is that correct? As I am now on PAYE since October will my current employer advise that part?

Advice appreciated.

Thanks

 

[StevensOnln1]

Your tax return covers all of your income for the whole tax year. It is nothing to do with your limited company and doesn't ask you about directors loans. You'll report your PAYE income on a set of employment pages. If you file online it will ask a series of questions at the start in order to determine which sections are relevant for you to complete, you also have until 31st January 2017 to file your 2015/16 tax return online.

 

[SAC Consulting]

Thanks Steve so I declare my income from my dissolved company separate to my PAYE income online? Sorry I'm a bit green with all of this.

 

[StevensOnln1]

You fill out a set of employment pages for each employment you had during the year. i.e. one set for your old company and another for your new job.

 

[SAC Consulting]

Thanks Steve

My last accounts filed at companies house was up to 31/7/2014 so nothing was filed for 1/8/2014 to 31/7/2015 would that cause problems?

 

[SAC Consulting]

Also my annual return up to 4th July 2015 just reads shareholders GBP 100?

 

[kulture]

Steve answered your question in his first post.
"Your tax return covers all of your income for the whole tax year. It is nothing to do with your limited company "

So you detail all your income under each employer/employment. You detail all your other income (e.g. dividends).
So the filing or not of companies accounts is irrelevant.

 

[Lisa Thomas]

Thanks Steve

My last accounts filed at companies house was up to 31/7/2014 so nothing was filed for 1/8/2014 to 31/7/2015 would that cause problems?

The accounts relate to the Company, which no longer exists.

 

[Ian J]

Might HMRC ask what he has been living on for the prior year?

 

[Lisa Thomas]

I believe the income needs to be disclosed in his personal tax return but the requirement to file the Company accounts is a different matter and no longer applies in any event.