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Late SA submission

  • Associate PM.Dip
  • Practice Licence
  • 46 posts
  • # 115182

Hi All

I am thinking about taking on a new client, the problem is the client has registrated as self employed since January 2015. Although they have been sending in the quarterly VAT return from the beginning ( through vat agent ), they have no PL accounts and hence no SA submission. Can anyone tell me what is the best solution to declare their ( 2015/16 ) profit and keeping the penalties to minimum. Thank you.

  • Associate
  • 3 posts
  • # 115192

The client should be able to arrange paying in regular installments to get their account up to date, they would need to call HMRC to arrange this. There is a notes section on the SA form for additional information, explain the situation there, before advising the client to call.

  • Associate PM.Dip
  • Practice Licence
  • 46 posts
  • # 115278

Thanks Darren. Just found out they are up to  date with their tax. 

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