Self-assessment deadline looming!
Discussion
Piglet said:
I submitted my own on Wednesday....pacified the accountant for holding up him submitting hubby's and then got a call this afternoon from our HR department advising that they have stuffed up our P11D's for 07/08 so the figures I've submitted are wrong 
You can readmit it any time up to the deadline I think? Just in case you weren't aware.john_p said:
Piglet said:
I submitted my own on Wednesday....pacified the accountant for holding up him submitting hubby's and then got a call this afternoon from our HR department advising that they have stuffed up our P11D's for 07/08 so the figures I've submitted are wrong
You can readmit it any time up to the deadline I think? Just in case you weren't aware.Rather than start a new thread with a dumb question...
I've done mine online, but the penultimate page (Any other information 1/2) asks about Service company income.
I'm a contractor, providing consultancy through my company which is owned by myself and my wife. We pay ourselves occasional dividends, and I pay myself a sensible salary through the standard PAYE system. Do I therefore put in the total of salary + dividend for that year? What does it mean / what are the consequences?
I've done mine online, but the penultimate page (Any other information 1/2) asks about Service company income.
I'm a contractor, providing consultancy through my company which is owned by myself and my wife. We pay ourselves occasional dividends, and I pay myself a sensible salary through the standard PAYE system. Do I therefore put in the total of salary + dividend for that year? What does it mean / what are the consequences?
Well, my contracts are IR-35 compliant, but I still don't understand whether I should put in a figure or not?
Or, does the whole thing hang on the difference between providing services 'personally' or through company employees? As my contracts are for services provided by my company (right of substitution etc.) does that mean I shouldn't fill in the figure? Argh.
You shouldn't need legal advice to fill this stuff in.
Inland revenue help said:
Please enter an amount if you have received any form of income (including employment income and dividends) during the year in question from a company through which you provided your services personally and of which you are a sole or joint shareholder.
Complete if the company’s income is derived:
* wholly or mainly from services provided to third parties by you personally, or
* wholly or mainly from services provided to third parties by you personally and your fellow shareholders and your shareholding is directly linked to the level of company profit you generate (which is, linked to the amount paid by third parties in respect of your personal services).
Do not enter anything if you are a shareholder and company officer of a company and the company’s income is derived:
* wholly or mainly from the provision of the services of company employees whose total income is treated as employment income, or
* derived wholly or mainly from the manufacture/provision of goods.
Do I read it as the bit in bold not applying because I paid myself a dividend as well as a normal salaried income? If so I assume I should put in a figure, which should be salary + dividend?Complete if the company’s income is derived:
* wholly or mainly from services provided to third parties by you personally, or
* wholly or mainly from services provided to third parties by you personally and your fellow shareholders and your shareholding is directly linked to the level of company profit you generate (which is, linked to the amount paid by third parties in respect of your personal services).
Do not enter anything if you are a shareholder and company officer of a company and the company’s income is derived:
* wholly or mainly from the provision of the services of company employees whose total income is treated as employment income, or
* derived wholly or mainly from the manufacture/provision of goods.
Or, does the whole thing hang on the difference between providing services 'personally' or through company employees? As my contracts are for services provided by my company (right of substitution etc.) does that mean I shouldn't fill in the figure? Argh.
You shouldn't need legal advice to fill this stuff in.
Edited by Tuna on Friday 30th January 23:31
I think ANY individual providing any "services" through a company should have completed this section. In the end, if the Revenue were overwhelmed with positive answers, they wouldn't be able to ascertain those individuals they would be interested in simply because they would have been swamped.
It's virtually impossible to submit a tax return as early as that. There are too many factors involved in gathering together the necessary data - often dependent on 3rd parties such as employers or banks.
For instance, an employee may need to include P11d Benefit in Kind details on his return. The employer is not obliged to give this information until 6 July. So, no matter how keen the individual may be, he may have to wait for others to give him the information he needs.
For instance, an employee may need to include P11d Benefit in Kind details on his return. The employer is not obliged to give this information until 6 July. So, no matter how keen the individual may be, he may have to wait for others to give him the information he needs.
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