when to file SA return if closed SA in the middle of the year

when to file SA return if closed SA in the...

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My client stopped trading now and wants to close his self asessment.

He has to file his return for the year when he stopped trading, so if this is now, this means he will have to wait until April 2016 to file his 15-16 SA return? He will be due a small refund for CIS deducted paymets, and no other income to arise before April 2016, but do I get it right he can't receive the CIS deductions refund before teh current PAYE year ends and he files this return?

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By johngroganjga
05th Feb 2016 17:00

6 April 2016

He can't logically file a tax return for 2015/2016 until the year has ended.

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RLI
By lionofludesch
05th Feb 2016 17:32

All sources

As the return will include all his income for 2015/16, he cannot complete the return until 6th April 2016.

Unless he dies .....

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By Wanderer
05th Feb 2016 19:17

A Self Assessment

is not done for a trading year. It's done for a tax year.

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RLI
By lionofludesch
05th Feb 2016 19:19

And indeed ....

Not all those self assessing are traders.

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