HMRC Self assessment

ShowMeTheCash

Just wondering if anyone else has had any dealings with HMRC with regards self-assessment?
Long story short.
I was working in Belfast up until September of last year.
I moved to Dublin in October and effectively stoped trading with my LTD company in the uk.
At the start of this year I set up a DD for my tax liability for the 2018 - 2019 tax year as my books are not calculated until after April and usually done at the end of summer.
SA is usually paid in two parts Jan and July for the current (Jan) and previous (Jul) year.
Again long story short and after a long call to HMRC.
I've a bill (liability) due now next week. The amount is basically an estimate on what I would of earned had I worked the entire 2018 - 2019 tax year. Albeit I stopped earning in September.
I've now to get my accountant to work out my actual tax liability and submit asap.
I had thought my arrangements back in January covered this but was told it didn't take into account the second payment and I should of been told this (but wasn't).

So my accountant is going to try and get this done asap.
But my question is this, the HMRC guy asked when will I get it done, I told him I'll get all info to accountant this weekend but usually I wait weeks.
So I will not have it done before the end of July deadline.

He said the following: when payment are not paid on time they automatically go out to debt collection agencies, it's just how it's done....
I think it takes a month or two so not right away but can UK HMRC employ debt collection in the state?

It is very possible I've already over paid as is but it will take a few weeks to get the correct numbers.

StringerBell

Effectively stopped trading or actually ceased trading with certification of same?

If you had no more turnover or trading profits through the company it is unlikely you would have a liability for the current FY I would assume, wouldn't worry about debt collection or anything like that just yet and I have never heard of that kind of action so quickly. From memory HMRC will employ sheriffs after getting court orders/high court orders but this is last chance saloon kind of stuff, I don't think it is going to be an issue for you based on what you have said and your intention to settle your liability if it does become apparent you have one. Fines and penalties for late filings are a problem though and mount up.

See what the accountant says, tell whoever it is the story and that you need a resolution quickly obviously, shouldn't be an issue for them to get it done quickly. If the company has ceased trading and deregistered it will be over quickly, if you can pay the liability in the meantime do, it will be recoverable if you have overpaid and you will not face any fines/penalties.

ShowMeTheCash

StringerBell wrote: »

Effectively stopped trading or actually ceased trading with certification of same?

If you had no more turnover or trading profits through the company it is unlikely you would have a liability for the current FY I would assume, wouldn't worry about debt collection or anything like that just yet and I have never heard of that kind of action so quickly. From memory HMRC will employ sheriffs after getting court orders/high court orders but this is last chance saloon kind of stuff, I don't think it is going to be an issue for you based on what you have said and your intention to settle your liability if it does become apparent you have one. Fines and penalties for late filings are a problem though and mount up.

See what the accountant says, tell whoever it is the story and that you need a resolution quickly obviously, shouldn't be an issue for them to get it done quickly. If the company has ceased trading and deregistered it will be over quickly, if you can pay the liability in the meantime do, it will be recoverable if you have overpaid and you will not face any fines/penalties.

So accountant is going to do this next week.
Based on the numbers i have no liability. They actually will owe me a small rebate.

The filing is technically not late as the July payment is usually based on an estimate and filing is done before end of year, any over payment or under payment gets worked into the January numbers.

Accountant will send correct SA numbers hopefully in the next few weeks.

I will go over the 31st deadline but I owe them 0 it more just showing them that before they try add late penaltys or send it to some kind of debt collection.

I didn't think the UK could send debt collection to Ireland? Does a high court writ from the UK extend to Ireland?

ShowMeTheCash

ShowMeTheCash wrote: »

So accountant is going to do this next week.
Based on the numbers i have no liability. They actually will owe me a small rebate.

The filing is technically not late as the July payment is usually based on an estimate and filing is done before end of year, any over payment or under payment gets worked into the January numbers.

Accountant will send correct SA numbers hopefully in the next few weeks.

I will go over the 31st deadline but I owe them 0 it more just showing them that before they try add late penaltys or send it to some kind of debt collection.

I didn't think the UK could send debt collection to Ireland? Does a high court writ from the UK extend to Ireland?

Actually reading online albeit it takes longer I think there are ways to recover debt if in another EU country....

So they've got to the end of October (if they actually leave the EU) to enforce money that is not actually owed.