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How quickly can a client be registered for SA

Client not registered for SA with dividends over £5K

I have two seperate clients who have received £10k in dividends but not yet registered for self assessment. Anybody else been in this situation and will there be a fine for late registration.What are prospects of getting them registered before deadline.

Many thanks for any advice.

 

 

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12th Jan 2019 12:39

I'm guessing that the key piece of information you omitted is "2017/18 tax year."

They're already three months late in notifying. My experience in these situations is that HMRC don't press the penalty though they are entitled to do so.

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to lionofludesch
15th Jan 2019 14:19

They cannot apply a FTN penalty if all tax due is paid by 31.1.19 under the usual FTN PLR rules.

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By Matrix
12th Jan 2019 12:42

I registered a new client in December and the UTR only took a few weeks so apply now and you may well receive it before the deadline. There will be 3 months to file.

The only problem will be paying the tax and I would wait for the UTR to do this but it would only be a few days late so the interest would be minimal.

I am not aware of late registration charges being charged and have not heard of them generally on this forum.

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12th Jan 2019 13:02

I believe that you will be charged interest if you pay late.

Beware too the 5% surcharge if not paid by 2nd March.

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12th Jan 2019 15:09

Very helpful responses. Thanks very much.

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12th Jan 2019 17:03

Just crack on and get them registered

HMRC are actually issuing paperwork quite quickly at the minute

I have had 64-8 codes to clients within 4 days this month

Do the work they then approved then file when the code comes through

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12th Jan 2019 17:40

If the UTR hasn’t arrived by the deadline, get them to make the payment using their NINO as the reference. Once the UTR arrives, you may or may not (no consistency for us last year) need to tell HMRC that the payment was for SA. The payment will have been paid by the due date, so no interest

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15th Jan 2019 10:38

follow atleastisoundknowledgable advice.

There are going to be a lot of non-sa tax payers that are going to be caught by this dividend tax and I have seen those with bank interest in excess of £1000 who are also being caught.

So was the idea to raise tax or just to collect through late filing penalties?

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to pauljohnston
15th Jan 2019 10:59

pauljohnston wrote:

follow atleastisoundknowledgable advice.

There are going to be a lot of non-sa tax payers that are going to be caught by this dividend tax and I have seen those with bank interest in excess of £1000 who are also being caught.

So was the idea to raise tax or just to collect through late filing penalties?

Oh - undoubtedly collecting penalties.

See the HICB fiasco.

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15th Jan 2019 17:59

If you go into HMRC > Paying HMRC > Self Assessment > Pay by cheque, you can print off a payslip which uses the taxpayer's NI number as a reference.

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By Matrix
to lionofludesch
15th Jan 2019 19:23

I have a client without an NI number (yet).

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15th Jan 2019 18:31

Had similar situation, new client with divs over tax free allowance. Got them to complete SA1 online on Friday, they phoned HMRC yesterday (Monday) and were told that UTR will be available next week. I will then be able to request authorisation code but can file SA Return for them before that comes through.

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