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Post Info TOPIC: P50
Georgie


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Hi ,

A client completed a P50 and submitted it along with his P45 to HMRC to claim back the tax paid in the year. He started up a company as a sole director and now has to complete (or I do) a self assessment. My question is: How do I complete the SA Employment part if I don't know what he earned in the tax year?

Georgie



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Cheshire


Master Book-keeper

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Is this a late self assessment? if not I would wait until he gets something in writing back from HMRC before doing anything.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Georgie


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Hi Joanne,

No, its for the tax year 14/15 . He said HMRC have written to him. From what I understand he was made redundant in the tax year  and sent off a P50.

 Georgie



-- Edited by Georgie on Friday 12th of June 2015 07:56:58 AM

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Helz


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Hi Georgie

He should have received a revised P45 from HMRC when they issued the refund. You use the details from this on his self assessment form.

Helen

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Georgie


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Hi Helen

He has told me doesn't have anything?

Georgie

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Helz


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Lol, what can I say, he's a client!!

He will have been sent one - unfortunately I suspect he was only interested in the cheque. He (you?!) will need to get on to HMRC and get the details from them.

Gotta love clients!

Helen

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