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Where Taxpayers and Advisers Meet

How far back to correct tax returns

Notaclue2018
Posts: 2
Joined: Sun Feb 25, 2018 9:03 pm

How far back to correct tax returns

Postby Notaclue2018 » Sun Feb 25, 2018 9:12 pm

Hello

I have realised I have omitted some info from my self assessment tax return but i am certain i dont owe any tax as a result. The missing info is:

- bank account interet of less than £150 in two tax years (15/16 and 14/15)
- dividends of less than £80 per year going back to the 11/12 tax year (turns out they had the wrong email address for me so i wasnt receiving statements - i only just found out)
- dividends from foreign companies of less than £450 per year going back to the 10/11 tax year. The dividends are reinvested automatically and ive never had the money paid to me directly so it really never occurred to me that I should have been declaring it on my tax return.

Those are my only dividend payments and I have always been a basic rate tax payer, so i dont believe i owe any tax.

Should i write to hmrc to declare the missing info all the way back to 2010/11 or is that overkill? They wouldnt really give me a straight answer when i called them.

Thanks

SteLacca
Posts: 437
Joined: Fri Aug 07, 2015 2:17 pm

Re: How far back to correct tax returns

Postby SteLacca » Mon Feb 26, 2018 2:35 pm

You could potentially amend 13/14 onwards, but in the circumstances I'd just drop them a line.

Notaclue2018
Posts: 2
Joined: Sun Feb 25, 2018 9:03 pm

Re: How far back to correct tax returns

Postby Notaclue2018 » Thu Mar 01, 2018 12:48 pm

Thanks, I finally got hold of someone at HMRC who gave me sensible advice on how to proceed.


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