Hi, first of all I apologise for anything I may not explain correctly.
I recently found out that the company that was paying me (TwitchTV) wasn't taxing the payments they were sending out. Once I found out I registered myself as self employed as of 2017 (when I first started out) for the first 2 years I made less than £1000 which I assume I don't have to file any taxes on although I registered from those dates?
My next issue is, HMRC haven't sent me any notice to file in the 4 years I've been self employed. I took it upon myself to register as self employed after finding out I wasn't being taxed by the company in question. Will I incur any fines?
I do have to do a tax return on years 2019-2020 and 2020-2021.
Again, really sorry if anything has been explained poorly.
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Hi David, thank you. I already have an accountant. I’m waiting on my UTR number so he can start filing
Hi David, thank you. I already have an accountant. I’m waiting on my UTR number so he can start filing
So what’s the point in asking us questions you should be addressing to your accountant? Surely you discussed your situation when you appointed him/her.
If you have an Accountant why on earth are you not asking him/her?
Why would you waste time joining a forum and posing a question here?
If you registered for self assessment, you file a return. It makes no difference whether you earn £1000 or 1P.
If you thought they were stopping tax, you still file a return.
Your accountant would have explained to you that had that been the case, they wouldn't take your personal allowance in to account and so you'd have likely overpaid tax.
This is an example why people should have accountants.