We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Quick Help In Filing Tax Returns

Hi,

I hope someone can assist me with my query. I have been asked to file tax returns for 06/07 and have registered online etc so ready to go.

Summary :

During the tax year requested I was a director of a ltd co until Aug 06 when I resigned for wealth and health reasons.

I never received any monthly salary etc, only :

(1) Partial return of expenses of approx £1300 for flights, hotels, Computer equipment, printer cartridges etc, even then I was due approx another £900 when I left which I wont get as the company was liquidated some 10 months later.

(2) £1169 to cover my train fares to the office and lunches from April to august when I left. This was money due from the previous year (05/06) when the directors did not draw any income but the accountant put through £4895 which I assume is the tax allowance and I got a p60 to show this.


Heres my questions :

Would I declare that I received no income from employment during the year?

Should I only declare the amount received in respect of expenses in the relevant section and not mention the money I drew against my previous years P60 as this was just money due and declared in the last year.


Thanks



DFH4NP
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.