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Post Info TOPIC: Self Assessment
Samilou67


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Self Assessment
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If a Limited company has 2 salaried directors and their tax etc goes through the payroll do they also need to register for Self Assessment and complete a tax return? I assumed all the tax and NI would be accounted for that way. Can anyone clarify this for me?

Thanks

Sam



-- Edited by Samilou67 on Tuesday 23rd of April 2013 06:42:59 PM

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Sam
Brewsie


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Yes, as directors they need to complete a SA return


There are also certain circumstances in which you will always need to complete a tax return - for example if you're:

self-employed
a company director
a trustee
receiving foreign income

http://www.hmrc.gov.uk/sa/introduction.htm



-- Edited by Brewsie on Tuesday 23rd of April 2013 07:36:40 PM

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