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Self assessment

08/02/2018 15:40:27
Hello,

I incorporated a private Ltd the 2nd May 2017. The nature of the business is all e-commerce based, as I only sell things online.

On the companies house website, it states I'll be due to make up my accounts for the first time the 31 may 2018. So far I have not taken any money out of the company as I'm not sure about what is the most efficient way to do this for my particular case (dividends/directors salary)

I'm the sole director of this company. However, as I have never received money from the company, I wonder if I need to file my self-assessment tax return? As there would be nothing to declare.

It would mean the world to me if someone could help me further with this.
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Re:Self assessment

08/02/2018 16:43:15
Hi

The attached link confirms that as the director of a Limited Company, you will have to complete a self assessment tax return.

https://www.gov.uk/check-if-you-need-a-tax-return

Kind regards

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