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Where Taxpayers and Advisers Meet

Self-assessment

beeko
Posts: 3
Joined: Thu Apr 12, 2018 4:08 pm

Self-assessment

Postby beeko » Thu Apr 12, 2018 4:29 pm

How long does HMRC take before issuing a self-assessment tax-clearance?

SteLacca
Posts: 373
Joined: Fri Aug 07, 2015 2:17 pm

Re: Self-assessment

Postby SteLacca » Fri Apr 13, 2018 1:37 pm

Clearance for what?

beeko
Posts: 3
Joined: Thu Apr 12, 2018 4:08 pm

Re: Self-assessment

Postby beeko » Mon Apr 16, 2018 11:00 am

If you file and return for self-assessment in January (on or before the 31st), when does HMRC approve (or otherwise) of this return?

bd6759
Posts: 2803
Joined: Sat Feb 01, 2014 3:26 pm

Re: Self-assessment

Postby bd6759 » Mon Apr 16, 2018 6:32 pm

HMRC does not "approve" or "accept" your return. How could they? They don't know if it correct.

JRG
Posts: 391
Joined: Wed Feb 03, 2010 4:40 pm

Re: Self-assessment

Postby JRG » Tue Apr 17, 2018 1:17 am

When you complete a tax return online HMRC will calculate your tax liability at that time. However, HMRC state that your Tax records will be updated within 72 hours.
Unless HMRC come back to you with a query, which could be at any time, you can assume that they have accepted your tax return.

beeko
Posts: 3
Joined: Thu Apr 12, 2018 4:08 pm

Re: Self-assessment

Postby beeko » Tue Apr 24, 2018 10:10 am

Ok, thanks for all the answers/help.
one last question on this. Do they issue a certificate, or anything to that effect? If I was applying for a loan or mortgage, etc, is there anything I can present to a bank or building society to show I am paying my taxes, etc?
Again, thanks in advance for your answers.

someone
Posts: 312
Joined: Mon Feb 13, 2017 10:09 am

Re: Self-assessment

Postby someone » Tue Apr 24, 2018 10:45 am

There isn't anything that HMRC will send you. Best bet, if it comes up, is to give the mortgage company a copy of your tax return. (which you can print off online, assuming you did it online)

The mortgage company might ask for something from a qualified accountant in which case you'll have to pay someone to review your accounts.


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