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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Late Tax return
Post Info TOPIC: Late Tax return
Bucks Bodger


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Date:
Late Tax return
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Hi

 

A friend has asked me to help her son fill out a tax return for 2012/2013, he's had a letter threatening him with

a penalty and has decided he can't ignore it any longer!

 

He has a mixture of employed and self-employed income in the year, as well as a short period when he was out of work.

When he was self-employed he had CIS tax deducted (at 30% for the first 2 months before he got his UTR) and the upshot

of all this is that according to Taxcalc he is due a refund of £624 !

 

Before I file the return I just wanted to ask what he should do about Class 2 National Insurance (he hasn't paid any - he was

only "self-employed" for about 19 weeks and only earned £4,877 so he would have been eligible for exemption from liability for Class 2

contributions anyway, although he wouldn't have known that when he started the self-employment)

 

Any ideas/suggestions ?

 



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Eunice Cubbage
MarkS


Expert

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Posts: 1501
Date:
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Submit the return to avoid penalty increasing any more, ensure complete that stopped self employment in the year so dont get a notice to do a 2013/14 return.

Complete the Class 2 NIC exemption and send away.

Mark



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Bucks Bodger


Senior Member

Status: Offline
Posts: 206
Date:
Permalink Closed

Thanks, Mark, I have done as you suggest.

He has had a similar employment/self-employment mix this tax year so he will have to do a return again,
but at least now I am aware of it i can make sure he files it in time and doesn't get more penalties!

For 2014/2015 he will only have employment income so it won't be an issue .... I think!

Eunice

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Eunice Cubbage
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