Billy Graham🇬🇧

@HMRCcustomers Will HMRC contact me if/when I need to register for VAT? Or do I need to do it myself. Thanks.

@BILLYGRAHAM72 Hi Billy, all details for this can be found here: gov.uk/register-for-v…. Shoaib

We’re now closed for the day and will be back at 8am on Monday 22 July 📅 Any missed queries will be answered then ✅ Reminder: Self Assessment customers with a payment on account need to pay by 31 July. Find out more ⬇️ ow.ly/NiQJ50SAeOg

@HMRCcustomers Oh so 5% of tax owed

@BILLYGRAHAM72 Sure, you can view the penalty examples here for late payment and late filing rossmartin.co.uk/penalties/721-… Tom

Good morning. We’re here until 4pm to answer your general queries 🕓 Please don’t post any personal details 🖥️ Applying for a new job? 🧑‍💼 Get proof of your income and employment history with the HMRC app. Download the app today 📲 ow.ly/OtUv50QGBpB

@HMRCcustomers I meant a typical penalty rate for others, thanks.

@BILLYGRAHAM72 No problem at all. Based on what you have stated, there wouldn't be a penalty, so I couldn't provide you with a figure. Tom

@HMRCcustomers Okay thanks Tom! I don’t need to file one then. What would the penalty be out of curiosity?

@BILLYGRAHAM72 OK, so if your total gross turnover was over £1,000, you must file the self assessment ASAP. If all income received was below the personal allowance and there isn't going to be any tax owed, then a penalty shouldn't apply. Tom

@HMRCcustomers It is below the tax liability threshold so I believe I wouldn’t pay any income tax for 22/23, HMRC are not expecting a return as my trading exemption ceased in 23/24, I just want to declare a few transactions from the previous year. Please can you recommend an action? Thanks.

@BILLYGRAHAM72 Hello again, I have mentioned previously a penalty may apply as it depends on a few things Billy. 1) if self assessment criteria exists. 2) if a tax liability exists. 3) if HMRC are expecting a self assessment and whether or not you have been granted an extension. Tom

@HMRCcustomers Please respond to above. My trading exemption ceased this year but can I submit a tax return for last year? Even though my UTR only came this week and I missed the deadline? Will I be fined? Thanks.

@HMRCcustomers Hi, I received my UTR code late. Will I be fined if I submit my 22/23 self assessment now?

@HMRCcustomers Okay thanks very much Tom was just curious, I only need to tax in 23/24 have a good day

@BILLYGRAHAM72 This depends on a few things, such as whether self assessment criteria is met and if a potential liability exists, hence the question. Tom

Good morning, @HMRCcustomers are here until 8pm to answer your general queries. Please don't post any personal details.

@HMRCcustomers I’m not talking about myself I’m just asking a question so can you answer? Why the use of “you” If I was to upload a 22/23 assessment would I be fined for being late?

@BILLYGRAHAM72 OK but I'm asking why do you feel you need to submit a self assessment for this tax year? Tom

@HMRCcustomers If I upload a 22/23 assessment will I be fined for being late?

@BILLYGRAHAM72 Why would you need to file a 22/23 self assessment? Tom

@HMRCcustomers If I upload a 22/23 assessment will I be fined for being late

@BILLYGRAHAM72 Thanks. So it appears HMRC are not expecting a 22/23 self assessment, which means you've probably provided a date for your registration after 06/04/2023. Tom

@HMRCcustomers Yes

@BILLYGRAHAM72 Do you have a gateway account? Tom

@HMRCcustomers Is there a way to double check I’m properly registered as self employed now? I want to make sure I’m doing it properly

@HMRCcustomers How do I know if I need to pay tax for the 22/23 year? Will I be alerted via post or email? I know I will definitely need to pay tax for 23/24.

@HMRCcustomers I have been earning via self employment and need to pay tax Do you know when I am due to pay tax? Will I be alerted

@HMRCcustomers I can’t remember

@BILLYGRAHAM72 Hi Billy, which year did you register for? Sofia

@HMRCcustomers Hi I received the UTR. When do I submit my tax return?

@BILLYGRAHAM72 Hi Billy, thanks for waiting. You should get a letter by post. Amandine

@HMRCcustomers Thank you. Do I receive this via email or post? Hopefully asap. Am I able to track progress?

@BILLYGRAHAM72 Ok thanks. If we've not sent the UTR yet the deadline should be extended. You'll be notified of this once you've received the UTR. Sofia

@HMRCcustomers Yes and I applied before then but was rejected and told it would take until March

@BILLYGRAHAM72 The deadline for filing a return was 31 January for 22-23. Sofia