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Loss making Company Director’s Annual Return?

Guest007Guest007 Feels At HomeRegistered Posts: 54
Good Morning,

I have a client with Ltd Company. The company year-end is Feb 2011.

Q1. If the company makes Loss, do I need to submit Director’s Self-Assessment return?

Q2. They have not applied for director’s UTR yet. What do I do now?

Any relevant information would be appreciated.

Regards,

Comments

  • GuestGuest Feels At Home Registered Posts: 73
    Guest007 wrote: »
    What do I do now?

    Any relevant information would be appreciated.

    Regards,

    Gain experience
  • Guest007Guest007 Feels At Home Registered Posts: 54
    You can Stay Away, GUEST

    If you are not interested in answering my question, then stay away.

    I am not asking this question to you. This question is for anybody who is interested to answer my question.

    Yap, trying to gain experience but I have bad luck. wherever I go, I find people like you. In my work place, my supervisor is very busy and he asks me to ask questions in forums ie aat, accoutingweb. and find the solutions myself.

    How can I get answers when people like you tries to make it harder for me.

    Many thanks for typing useless reply.

    Regards,
  • GuestGuest Feels At Home Registered Posts: 73
    No Problem, you will note for the forum this is Members in Practice - meaning licenced members not people working in practice.

    What has the exact wage of a black cab driver got to do with MIP?
  • Guest007Guest007 Feels At Home Registered Posts: 54
    I expected you not replying anymore!!!

    Conversation!!!

    It doesn't hurt answering or having a chat about this. Again, MIPs are the best! They have experience in almost all relevent small & SMEs field.

    NOTHING WRONG!!!

    Just wanted to know. I think YOU got my point.

    Regards,
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    Guest007 wrote: »
    Good Morning,

    I have a client with Ltd Company. The company year-end is Feb 2011.

    Q1. If the company makes Loss, do I need to submit Director’s Self-Assessment return?

    Q2. They have not applied for director’s UTR yet. What do I do now?

    Any relevant information would be appreciated.

    Regards,

    A Ltd Co director only has to file a self assessment return if he has been issued one by HMRC. Or if he has income that needs taxing via a SATR.

    If he has not been issued one and owes no tax that isn't otherwise being collected at source, he doesn't need to do anything.
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