Tweet
Hi
Not sure if I'm posting in the right place, but basically I went through an awful abusive marriage and divorce which resulted in a severe mental illness which I have now recovered from. I was an IT contractor through my own Ltd Co for about 2 years and due to not really knowing what I was doing and being in a messy place mentally I might not have put my dividends on my self assessment tax returns over 2016/2017, quite a while back. It's taken this long to get my life back in order and think straight. It has been indescribably hard to get my life back.
I've been reading through the HMRC guidance on past errors and it looks like in this case it would be "careless", and incur penalties of up to 30% of the owed amount? I think the owed tax amount is between 20-30k, not a problem to pay at all. I don't contract anymore, and since recovering from mental illness have sort of woken up and managed to regain my independence, get a job, my own place to live, all of those things. Not sure how I got through it. I'm keen to clear up all the mess caused by a ~10 year abusive relationship, hence I'm wondering how to approach this and what might happen. Aside from this financial related blip I've always been in employment and paid my taxes so a spotless record basically.
Thanks in advance to anyone who can help or relate x
Not sure if I'm posting in the right place, but basically I went through an awful abusive marriage and divorce which resulted in a severe mental illness which I have now recovered from. I was an IT contractor through my own Ltd Co for about 2 years and due to not really knowing what I was doing and being in a messy place mentally I might not have put my dividends on my self assessment tax returns over 2016/2017, quite a while back. It's taken this long to get my life back in order and think straight. It has been indescribably hard to get my life back.
I've been reading through the HMRC guidance on past errors and it looks like in this case it would be "careless", and incur penalties of up to 30% of the owed amount? I think the owed tax amount is between 20-30k, not a problem to pay at all. I don't contract anymore, and since recovering from mental illness have sort of woken up and managed to regain my independence, get a job, my own place to live, all of those things. Not sure how I got through it. I'm keen to clear up all the mess caused by a ~10 year abusive relationship, hence I'm wondering how to approach this and what might happen. Aside from this financial related blip I've always been in employment and paid my taxes so a spotless record basically.
Thanks in advance to anyone who can help or relate x
