- Messages
- 4,113
Friends
Does HMRC contact you when they want you to do your yearly returns?
Cheers
Rct
Does HMRC contact you when they want you to do your yearly returns?
Cheers
Rct
Discuss Tax returns in the Plumbing Jobs | The Job-board area at PlumbersForums.net
Same hereI guess so because I got a letter a few days ago! Got till December to actually do it though I think?
Friends
Does HMRC contact you when they want you to do your yearly returns?
Cheers
Rct
I'm afraid you can't necessarily rely on it.
The obligation is on you to understand the system, to work out what you owe, and then to pay it.
In one of the worst travesties of natural justice in the history of public administration, you can ask HMRC for advice, follow it to the letter, and YOU can still be found liable for a breach if THEIR advice turns out to be wrong.
AS you say, if you're below the VAT threshold you can do 3 line accounting, turnover, expenditure and profit.
You need to keep all receipts and invoices in case you get audited though.
You will get a letter from HMRC anytime after April to end of May, encouraging you to submit your accounts and pay any taxes due. For online submissions, you have to submit by end of September. After September, you will be contacted again around December, encouraging you to submit your accounts (postal submission only) and pay any outstanding tax due to be received by HMRC latest 31st January. HMRC will also carry out constant TV reminders. After the 31st of January, you get an automatic fine of ÂŁ100, plus any interest on tax that should have been due. It is only a matter of time, then the ÂŁ100 penalty will be increased.
Reply to Tax returns in the Plumbing Jobs | The Job-board area at PlumbersForums.net
We get it, advertisements are annoying!
Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.