Additional Tax due for 2012/13 but no Notice to file a Tax Return issued by HMRC
Just preparing new clients Limited company accounts to 31 Jan 14.
Dividend declared in accounts to 31 Jan 2013 (first year end of company) was enough to take client into higher rate tax.
Client is registered for self assessment with HMRC but HMRC did not issue a notice to complete a tax return for 2012/13, and therefore client didn't file a tax return for 2012/13 (or 2011/12).
There is going to be some additional tax due for 2012/13 by virtual of the dividend amount.
My question is, when we now file a Tax Return for 2012/13 and correctly declare the tax due on the dividend, will my client be fined for late filing of a 2013 tax return even though no notice has been issued by HMRC ?
Presumably there will also be interest on the tax that was due on 31 Jan 2014 ?
- Mixture of online and offline SA returns 267 5
- What would you do here, potential insolvency. 392 6
- VAT - Medical Staff 165 2
- Vat on construction of residential property 1,117 13
- Really?! 825 10
- CIS 221 5
- Entrepreneur - want to submit accounts by myself 1,180 16
- Auto enrolment confusion 1,375 26
- Separate companies same Director buy from each other 650 15
- VAT 701/49 query 227 2
- backpack 312 3
- Sage Line 50 Data conversion 175 3
- Bookkeeping question for Finance Lease payments 257 3
- Viewing folder contens en masse 350 8
- HMRC Funding for Employee PAYE refund 199 3
- Tax relief on Enterprise Investment Scheme subscriptions 175 2
- Calculation of 10 year anniversary charge 197 1
- pension contribution annual allowance charge 144 1
- Dominant influence and intercompany loans 257 6
- Company Car for Owner Director number crunching - is there a ready reckoner? 468 6
- Self employed and HMRC Worldwide Subsistence Rates 705
- 2015 tax year end 440
- Interest paid - do new rules affect Tax Credits? 416
- Self employed consultant working in Ireland 358
- Costly Accounting Software contract 314
- Market Invoice (P2P invoice discounting) tax treatment 255
- Directors' advances and credits 255
- DTA tie-breaker issue 239
- Tax on internet ad sharing income 222
- Credit against UK NI for NI paid to EEC Countries 203