Bicknell Business Advisers · Est. 2006

Helpful comments on tax & finance — for property, construction & business

Bicknell Business Advisers · Est. 2006

Helpful comments on tax & finance — for property, construction & business

Do Directors need to list directorships where they had no income? Self Assessment Returns

Table of Contents

This question comes up every year.

“I am a director of lots of companies but only get paid by one company, do I need to list them all?”

Some people make up dummy Payroll Numbers and list directorships, some people list them in the notes, some don’t list them at all, what is the right thing to do?

The answer has to be to follow the HMRC Guidance

 

Click to access SA150_2019.pdf

As you can see its says

‘received income as a company director’

‘held an office, such as chairperson, secretary or treasurer and received income for that work‘

If you didn’t receive income you don’t need to report it as it will not affect your tax.

steve@bicknells.net

 

 

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