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 ?
- Taxfiler - SA100 - More efficient? 566 5
- See you all on the other side 657 6
- 12Pay 411 2
- dividends 553 2
- R&D 298 1
- Quarterly Reporting - The Logistics 1,149 17
- Auto enrolment contribution rates 428 3
- How long are you waiting for appeal reply 380 4
- Borrowing money to loan to company 349 1
- Mother as Guarantor for Son's mortgage 527 5
- Seeking a tax case 619 9
- When do we qualify for state pension? 478 4
- Companies house strike off 494 3
- Tax treatment of alterations to property 398 2
- Moving to the cloud 723 9
- Iris open space/doc exchange for SATRs 207 2
- How much to charge for payroll? 876 16
- Unincorporated charity transfer to CIO 196 4
- BTC vs Digita 1,080 29
- Has anyone tried calling HMRC to get tax on dividends put in code? 474 4
- HMRC Joint Filing 552
- Capital Contribution towards a company car 416
- Capital Reduction & Impact on EIS Shares 365
- IRIS and FRS 102 350
- Capitalising Finance Lease 314
- USA help 312
- National Minimum Wage issue on Directors joining a Workplace Pension 290
- Dormant company accounts under FRS 102 280
- Capital gains on rental property 257
- Marginal rates of tax 256