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Post Info TOPIC: Nil self assessment tx return
NA_AA


Guru

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Nil self assessment tx return
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Hi,

Hope you are all well.

Just a quick question - client requires a nil self assessment tax return - what additional questions or work needs to be carried out/asked before submitting the return?



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Thanks, Nadia.
Don Tax


Expert

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Posts: 1716
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Ascertain that client requirement is correct

i) What has he been living off and when since
ii) Have final accounts been *submitted for previous sources


Regards,
Tim

 

*Edited word - changed mind twice



-- Edited by Don Tax on Thursday 2nd of June 2016 03:41:02 PM

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NA_AA


Guru

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They mentioned that they have been living off savings which are from a large inheritance.

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Thanks, Nadia.
Shamus


Forum Moderator & Expert

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And does that large inheritence earn interest?

Ask to see the associated bank statements.



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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Cheshire


Master Book-keeper

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I would be asking yourself why they would need your to complete a 'nil' return- lets face it they dont need a professional for that do they. Like the boys say - there is 'income' in the mix somewhere. Make sure you get signatures on the tax return before you submit it and remind them that the responsibility for it being correct is entirely theirs.

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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
NA_AA


Guru

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Thank you all

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Thanks, Nadia.
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