Self Assessment

Like it or not, self assessment season is creeping up on us.

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Individuals earning more than £50,000 who have failed to opt out of child benefit and do not register for self assessment by 5 October risk being severely fined.

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We have received a right snotty letter from HMRC today! (redacted version below).

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I have an actor who has done some contractual work. 

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Greetings,

I have incorporated my small Ltd company in 2006 and started becoming profitable only recently, although turnover is still very small.

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have recently taken on a ltd company who's only member of staff has not been paid under PAYE or paid tax under SA for the tax years 10/11 and 11/12.

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