When?

[Logan]

Just to be sure...

I started my childminding business on 6th April 2012. When will I have to complete my first tax return & pay my first tax bill?

I'm confused & don't want to end up in a mess!!

Logan

[pinkellifun]

I started roughly the same time and I was told that I will have to complete the tax return after 6th April 2013 then pay by 31st Jan 2014. I received a phone call from HMRC 2 weeks ago giving me this information.

She also mentioned that, fi you are not already, you should receive a letter shortly saying when you need to start paying National Insurance.

Obviously I'm happy for people to contradict me but this was what I was told.

HTH

[Logan]

That's really helpful, thank you. I have already started paying national insurance but just wanted some clarity on the tax issue :)

Logan

[Kiddleywinks]

No one will contradict you Elliefun as you are correct :thumbsup:

Every tax year runs from 6th April of one year - 5th April of the following year
You will then get notified by HMRC about completing your SA.

You then have until 31st January (at the very latest) to complete your return and pay any bill, and if you have a bill, half of that amount will be paid on top 'on account' for the following year.

So the current year runs April 2012 - April 2013, accounts filed and bill paid by Jan 2014

[sharonmanc]

Thank you for asking this question and thanks Pinkellifun, as i was wondering when i would start paying my NI :thumbsup:

[Chatterbox Childcare]

Did you actually start on 6th April? Reason for asking is that I run mine from 1st April to 31st March each year - no need to mess around with odd days then when doing my accounts