SA Tax return

[Gros]

Hello.

I've got some spare time on my hands (yeah, I'm on the subs bench!) and am looking at the Self Assessment form sent out by HMRC in April. It says the due date is 31st October - but I'm thinking of tackling it now simply because I have the time.

I presume there's no reason not to send this in early? Would there be any disadvantages to this?


A couple of related questions:

- I presume as a limited company with myself as an employer, I am classed as 'Employed', not Self Employed?

- P60 forms. I received this from SJD as I used to be with them. Do I presume that HMRC sent this directly to them as they were acting on my behalf? If you don't have a year round accountant, would this automatically be sent to you?


Many thanks, Gros.

[BrilloPad]

You do the tax return for Sally Anne?

[Moscow Mule]

If your tax liability is expected to be considerable less in 07/08 than 06/07 doing it now means you can get your final tax bill now, and possibly reclaim any payments on account already made.

[QwertyBerty]

>I presume there's no reason not to send this in early? Would there be any disadvantages to this?

Nope, though there is some debate as to how to fill in the service company question, more info may come to light in the coming weeks...

> - I presume as a limited company with myself as an employer, I am classed as 'Employed', not Self Employed?

Yes

> - P60 forms. I received this from SJD as I used to be with them. Do I presume that HMRC sent this directly to them as they were acting on my behalf? If you don't have a year round accountant, would this automatically be sent to you?

HMRC don't produce P60s, the payroll dept (i.e. SJD) of your employer does.

QB.

[Gros]

HMRC don't produce P60s, the payroll dept (i.e. SJD) of your employer does.

QB.

Thanks QB - so what happens for all the people here who don't have accountants, how do they get a P60?

[Lewis]

On a slight tangent ... has there been any news about the box saying something like "income from personal service company". Haven't heard anything on this for a long while.

[Moscow Mule]

Thanks QB - so what happens for all the people here who don't have accountants, how do they get a P60?

You have to write one yourself.

[Gros]

On a slight tangent ... has there been any news about the box saying something like "income from personal service company". Haven't heard anything on this for a long while.

That's on the P35 isn't it? That's not the form I'm talking about here.

You have to write one yourself.

Err, ok! But it looks like an official printed form to me... do you have to get a blank from HMRC?

[Moscow Mule]

That's on the P35 isn't it? That's not the form I'm talking about here.

Nope - SA form. Debate is whether or not your answers on SA & P35 match up or if it doesn't matter.

Err, ok! But it looks like an official printed form to me... do you have to get a blank from HMRC?

http://search.hmrc.gov.uk/kbroker/in...&submit=Search

The search box on HMRC is very useful.

As you seem like a nice chap,

http://www.hmrc.gov.uk/employers/emp-form.htm

[Lewis]

Nope - SA form. Debate is whether or not your answers on SA & P35 match up or if it doesn't matter.

Yep that's my question. I answered No to service company on P35 so I assume at the moment I should probably leave the SA box blank. But last I can remember reading was QDOS (I think) who said on Shout99 to wait for further clarification before filling in the box. Just wondered if anyone had heard any more .. I might call QDOS to see what they think now.