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First ever self assessment

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  • 02-11-2010 10:54am
    #1
    gearoidoc
    Closed Accounts Posts: 2 ✭


    Hi,

    so myself and a few friends started a company in 2009 but it only got incorporated in March 2010. I had done work for the company from September 2009 to March 2010 and during this time, I have been told, that I was effectively self employed and contracting for the company.

    I have had an accountant go over the details and he has filled out a Form 12 return for the period September 2009 to December 2009. However, I rang the Revenue yesterday as I just realised that my return was late and they said to fill out a Form 11.

    I'm going to call into the Revenues office on O Connell Street today to try to get this sorted out but would really appreciate any advice that anyone could give me on the subject, ie. Do I need a Form 11 or 12? Do I need to do a return for the months worked Jan- March 2010 yet?

    Im a complete noob at this so feeling a little lost at the moment!

    Thanks.
    Tagged:


Comments

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    #2
    sawilson2003
    Registered Users Posts: 37 ✭sawilson2003


    You need to File Form 11 for Sep09-Dec09 (was due 31st October 2010), Form 12 only applies to Employees, Pensioners & Non Proprietry Directors.

    Jan-Mar 10 is part of your 2010 Income and not due until 31st October 2011


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    #3
    gearoidoc
    Closed Accounts Posts: 2 ✭gearoidoc


    I should have mentioned that I'm now back working as a PAYE employee.

    The accountant I spoke to said to treat it as an additional income and that there would be no point in declaring myself as a sole trader for 6 month....is he right?


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    #4
    dbran
    Moderators, Business & Finance Moderators Posts: 2,094 Mod ✭✭✭✭dbran


    Hi

    This all centres around whether or not you are a proprietary director who holds >15% of the share capital. If this is the case you are automatically subject to self assessment and must complete Form 11. Has the company ceased trading?

    dbran


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    #5
    Alan Shore
    Registered Users Posts: 735 ✭✭✭Alan Shore


    gearoidoc wrote: »
    Hi,

    so myself and a few friends started a company in 2009 but it only got incorporated in March 2010. I had done work for the company from September 2009 to March 2010 and during this time,

    Hi you can't start a company until its incorporated. You can't have worked for the company until it existed. So you must have been self employed.
    So you should make a return for the period Sept 09 - Mar 10. If you were not required to file a return previously this return is due by 31 Oct 11 so not to worry.


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    #6
    kennyb3
    Registered Users Posts: 6,724 ✭✭✭kennyb3


    @ dbran - if he was self employed as has been suggested its a form 11, forget the 15% stuff.

    @ AShore - +1 to this man. As the basis period ends in 2010 you dont need to file until 31/10/11.

    @ gearoidic - get a new accountant, one who knows what he is talking about and isnt getting you to misdeclare your income. Aslo you say you re now a paye worker. what happened the compay, is this still alive?


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