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Posted Tue, 17 Dec 2024 12:06:21 GMT by bedped
Hello I have a ltd company (am sole employee and Director) which I have been paying myself from monthly (using basic PAYE tools). This income from my ltd company is my only income. I have received a notice to file self-assessment, and when going through it preliminarily, I see it I'm being taxed my on the income I've paid myself over the year PLUS the turnover of the ltd company. What have I done wrong? And how best to resolve? Thank you very much for your advise.
Posted Thu, 19 Dec 2024 10:27:33 GMT by HMRC Admin 19 Response
Hi,
Unfortunately, it is not possible to review personal matters in this forum. For individualised assistance please contact our Self Assessment team for advice:    
Self Assessment: general enquiries
Thank you.
Posted Fri, 20 Dec 2024 04:48:07 GMT by BellaBoo
Hi, not a HMRC admin but if you only work via a company then you are not self employed and should not be including the income of the ltd company on your personal return. Income of the company is recorded on a corporation tax return.

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