ILR Ltd company director-self assesment

Ish51 · Post by **Ish51** » Thu Jul 18, 2013 11:13 pm

Does all Ltd company director need to submit self assessment every year.

I am going to apply for ILR and not submitted my self assessment will it effect ILR

newbie_2013 · Post by **newbie_2013** » Thu Jul 18, 2013 11:20 pm

Ish51 wrote:Does all Ltd company director need to submit self assessment every year.

I am going to apply for ILR and not submitted my self assessment will it effect ILR

I believe that's a vague question. What visa you are on, what earnings you are showing, etc.

But in general, is it not a good practice to do self assessment anyway?

Ish51 · Post by **Ish51** » Fri Jul 19, 2013 11:56 am

What visa you are on, what earnings you are showing, etc.

Answer is Tier-1 General, showing only Payee salary (not dividend) But i am Ltd company director

Dene · Post by **Dene** » Fri Jul 19, 2013 3:10 pm

Ish51 wrote:What visa you are on, what earnings you are showing, etc.

Answer is Tier-1 General, showing only Payee salary (not dividend) But i am Ltd company director

Hello Ish,

You question is not very clear. Are you saying that you are employed by your company. If yes then you do not have to. Whats about your company accounts? are they up to date? are you paying any tax from there?

Ish51 · Post by **Ish51** » Fri Jul 19, 2013 4:43 pm

I am employed by my own company and paying PAYEE tax (employer & employee both). All taxes & books r up to date.

My initial query was to find out do all ltd company directors have to fill self assessment every year?. Self assessment is the only thing which I have not done.

wiggsy · Post by **wiggsy** » Sat Jul 20, 2013 1:00 am

youve got one bad tax setup if your the director and employed... why not just benefit the tax break and just be a director?

that way (unless you have other employees) you wouldnt need employers liability / nino etc...

and all the same, yes you STILL need to do self assessment, even if you have no additional income...

http://www.hmrc.gov.uk/startingup/help-support.htm

https://www.gov.uk/business-legal-structures

https://www.gov.uk/running-a-limited-company

Ish51 · Post by **Ish51** » Sat Jul 20, 2013 9:52 am

wiggsy Yes I know I am paying more tax.

But do Home office bothered about self assessment. I think it should be sufficient if i show my 12 months salary slip & bank statements.

The only reason for non submission of self assessment is now aware of it in the early years of the business but filled it for 2011-2012

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ILR Ltd company director-self assesment

ILR Ltd company director-self assesment

Re: ILR Ltd company director-self assesment