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Posted Sat, 23 Nov 2024 00:07:41 GMT by Mehmet Serin
I am currently preparing my personal self-assessment for the 2023/2024 tax period. Historically, I have completed my self-assessments while employed by an organization. However, I find myself in a situation where I am uncertain about whether I need to declare my self-employment as a company director, given that I have established a new property company during this tax period. During this time, I have been both an employee and self-employed, fulfilling my role as a director of my own company. It is important to note that I did not draw any salary, dividends, or benefits from the property company. Therefore, as I navigate the self-assessment process, I seek clarification on whether I should report my self-employment as a company director in the 'tailor my return' section at the beginning of the self-assessment. Your guidance on this matter would be greatly appreciated.
Posted Thu, 28 Nov 2024 09:20:49 GMT by HMRC Admin 20 Response
Hi,
Please have a look at the guidance at Check if you need to send a Self Assessment tax return, to determine if a tax return is required.
Thank you.
Posted Thu, 28 Nov 2024 20:27:31 GMT by maxb
If you expand the inline help section "Tailor your return 01 - Employee, director, office holder or agency worker", it includes the wording: Do not complete the Employment pages if you: * ... * were a company director but received no payments of any kind or benefits from that directorship * ... If any of the 3 bullets above apply to you, tell us why you are not completing an Employment page in the 'Any other information' box and give the name of the particular directorship you are not submitting a page for. So, happily, for this case, there's clear advice
Posted Thu, 28 Nov 2024 22:38:53 GMT by Clive Smaldon
Not HMRC...Being a director is not being self employed...a director is an employee, a directors role is not self employed. You cannot take money from the company on a self employed basis, its either a diectors salary (employee) or dividends (shareholder), neither entitle you to claim self employment. Seek local professional advice.

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