There is no specific requirement in Taxes Management Act 1970 (TMA) s7
for a director to register for self assessment if there is no further tax liability for the year. In HMRC’s Manuals at EM4551
, there is some further guidance:
“There is no requirement to notify chargeability where there is no liability to Income Tax or Capital Gains Tax or where sufficient tax has been deducted at source to meet the net liability for the year.”
Therefore, if a director of a company has no further tax liability for a tax year AND no self assessment tax return has been issued by HMRC, then there is NO requirement for the director to notify chargeability OR file a tax return with HMRC for the year in question.
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