self employed and (no) tax returns

nks · Post by **nks** » Fri Mar 30, 2012 10:42 pm

Hi, another tricky one which I tried to find an answer in forum and guidelines and perhaps even have it but nothing comforts more than hearing from expert's keyboard

my extension is due in september and I am a employed + self employed(sole trader) case. Self employment registration and business will commence from after 6th april 2012 hence I will have no tax return documents when I go with my application. Techmnically I understand I need only two piece of evidence, which could be bank statement and accountant letter but guidance seem to be paying special emphasis on tax return and in my case I cant just have it.

please suggest considerations and way around for me. Am I good with accountant letter and bank statements?

Thanks,
Nks

benneviss · Post by **benneviss** » Sat Mar 31, 2012 8:05 am

You can submit your tax before 31 January so you don't to go with it.

Having said that , I would ask accountant to prepare a report with projected tax , or at least I would submit one part of my tax liability to so my genuineness.

AccountantMatthew · Post by **AccountantMatthew** » Sat Mar 31, 2012 8:21 am

You can get your accountant to note down in their letter that the tax on any self employment profits would not be due until 31/1/14 (and a return couldn't be filed until after 6/4/13).

You would like to think that the caseworkers would be aware of this but it's probably an idea to cover all bases for the sake of a sentence in a letter.

Sushil-ACCA · Post by **Sushil-ACCA** » Sat Mar 31, 2012 12:50 pm

applicants have to pay their taxes as per HMRC guidelines and time frame , HO is not interfering in this .

payment of taxes is applicantions obligations.

so u can apply with

a accounts (pl +BS)
b. Income certificate
C. Bank statements for sole trading incomes

nks · Post by **nks** » Sat Mar 31, 2012 9:26 pm

Thanks guys. I understand I am good to go with "accountant's letter"+"bank statement" for self employed income in between 6th April and Sep '2012.

Was wondering if it would be of any benefit to file tax return for full time employment income for period of Sep-2011 to 6th April '2012, for which all tax has been deducted at source by my employer. I mean, just to add one HMRC documentation to my application though it has nothing to do with self employed income.

Any thoughts appreciated.

Thanks,
nks

AccountantMatthew · Post by **AccountantMatthew** » Sun Apr 01, 2012 9:05 am

It's highly unlikely that HMRC will give you notice to file one nks plus legally there would be no requirement to do so from what you say above (unless of course HMRC tell you that you have to via a Notice).

shahjee11 · Post by **shahjee11** » Sun Apr 01, 2012 11:21 am

IF you are operating as a sole trader, you will also have to provide invoices generated during the period of time you are claiming points. This will be in addition to Accountant's letter and Bank statements. See Section 114 sub section (X) of Tier 1 Policy Guidance applicable from 06-04-12

nks · Post by **nks** » Sun Apr 01, 2012 11:27 am

Thank you all. I am more confident now that not having a return shouldn't be an issue in my case.
Cheers,
Nks

nks · Post by **nks** » Sun Apr 01, 2012 10:03 pm

Thank you all. I am more confident now that not having a return shouldn't be an issue in my case.
Cheers,
Nks

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self employed and (no) tax returns

self employed and (no) tax returns