New Posts For Thread: Who needs to do self assessment?https://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessmentI hate allthis b.ollox. My companies financial year is July - June. So end of April this year I have to hand in my books for the year July 2008 - June 2009. From this period I only worked july - oct 08 and then june 2009. from nov to dec 08 I wascheers again for you help fen/jbha/joehttps://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657574#418657574cheers again for you help fen/jbha/joeSun, 17 Jan 2010 03:38:22 -0600have sent accountant an email. Will ring and/or visit him tomorrow. Trouble is I don't proper trust him, he nearly fekked it up last year. And I've just received another letter from companies house asking if I want to dissolve the company becausehttps://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657570#418657570have sent accountant an email. Will ring and/or visit him tomorrow. Trouble is I don't proper trust him, he nearly fekked it up last year. And I've just received another letter from companies house asking if I want to dissolve the company becauseSun, 17 Jan 2010 03:38:02 -0600I would have a word with your accountant rather than the Tax Office. He/she ought to be able to advise.https://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657558#418657558I would have a word with your accountant rather than the Tax Office. He/she ought to be able to advise.Sun, 17 Jan 2010 03:35:02 -0600Fenway 17 Jan 10:21 You are a salaried director/ employee of your own company? Not sure. For the year july 07 to jun 08 (the only year to date for which I have done books) I got paid as a dividend, so not salaried/paye generally.https://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657546#418657546Fenway 17 Jan 10:21 You are a salaried director/ employee of your own company? Not sure. For the year july 07 to jun 08 (the only year to date for which I have done books) I got paid as a dividend, so not salaried/paye generally.Sun, 17 Jan 2010 03:25:10 -0600You are a salaried director/ employee of your own company? The income that you receive should be taxed under PAYE at source before you receive it, and tax paid over to HMRC every month (or every three months depending on circumstances). At the end ofhttps://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657538#418657538You are a salaried director/ employee of your own company? The income that you receive should be taxed under PAYE at source before you receive it, and tax paid over to HMRC every month (or every three months depending on circumstances). At the end ofSun, 17 Jan 2010 03:21:08 -0600Fenway 17 Jan 10:14 Regardless of your year end, you should have sent in an end of year PAYE return for y/e 5.4.09 by May 19th 2009. This will have details of your earned income for that year. Not sure, maybe my accountant will have done, but hehttps://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657530#418657530Fenway 17 Jan 10:14 Regardless of your year end, you should have sent in an end of year PAYE return for y/e 5.4.09 by May 19th 2009. This will have details of your earned income for that year. Not sure, maybe my accountant will have done, but heSun, 17 Jan 2010 03:16:55 -0600as an individual you worry about what you have received - if it has all been PAYE then fine dont worry about the Tax Return - if you have sold a load of stuff producing big gains, or received dividends whilst in higher tax rate band, or your bank inthttps://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657526#418657526as an individual you worry about what you have received - if it has all been PAYE then fine dont worry about the Tax Return - if you have sold a load of stuff producing big gains, or received dividends whilst in higher tax rate band, or your bank intSun, 17 Jan 2010 03:16:39 -0600I am off to complete my friend's self assessment tax return now, he is a sole trader. Good luck.https://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657518#418657518I am off to complete my friend's self assessment tax return now, he is a sole trader. Good luck.Sun, 17 Jan 2010 03:15:55 -0600I will give accountant and tax office call tomorrow, but I guarantee i won't get a straight answer between them and that I am absolutely fuming by the end of the working day. Thanks for your help.https://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657510#418657510I will give accountant and tax office call tomorrow, but I guarantee i won't get a straight answer between them and that I am absolutely fuming by the end of the working day. Thanks for your help.Sun, 17 Jan 2010 03:14:38 -0600As i remember, your company is assessed in the tax year in which the company year end is - so for you that will be 09/10...however there are different rules if it is the first year in which accounts have been drawn and if the accounts are drawn for lhttps://community.betfair.com/chit_chat/go/thread/view/94038/23447014/who-needs-to-do-self-assessment?post_id=418657506#418657506As i remember, your company is assessed in the tax year in which the company year end is - so for you that will be 09/10...however there are different rules if it is the first year in which accounts have been drawn and if the accounts are drawn for lSun, 17 Jan 2010 03:14:38 -0600