Who should complete a tax return?
The above says that you need to submit a tax return if you are a company director or have income of £10k or more from savings and investments. There's other conditions but these are the conditions that affect most of my company director clients.
If you have submitted a tax return previously and HMRC say that they don't want a tax return in future do you only have to submit a tax return if there's a new source of income (what if that source doesn't result in extra tax?) or the current sources of income mean you have tax payable? I suppose I should still review the position in case there is a refund of tax.
- TaxCalc Accounts production 123 2
- Working out private usage for a Taxi Driver? 370 8
- Fines for filing 12 months of FPS on one submission 209 3
- Running two businesses from the same premises 403 5
- HMRC BACK AND FORTH FIGHT ON BTL PROPERTY ALLOWANCES 79 2
- Invest in ''buy to let'' property 1,363 42
- How much of your work is admin? 625 5
- Nominal Ledger 390 11
- Gave wrong info to client about tax due 579 20
- Base value unavailable re. Capital Gain 189 2
- Old CGT loss 213 3
- Gov.UK = NOT OK! 190 3
- Paper tax return 161 4
- Start up allowance? 385 12
- Will I need to resign? 212 1
- Penalty for late PAYE registration? 250 3
- AIA or IFA 460 7
- Surely not? 467 10
- Batch input of data to Xero - is there an app? 646 9
- Late Registration for VAT 370 11