<\/p>\n
Whilst general household admin can be a pain at the best of times, it\u2019s really important to keep HMRC up to date with your contact details or you could risk a hefty fine.<\/p>\n
All too often we see fines issued by HMRC to those who have not submitted a self assessment in previous tax years. These fines can date back several years and, in some cases, amount to several thousands of pounds being the maximum fines available plus interest.<\/p>\n
This is especially true where fines are issued to those who have changed address but failed to tell HMRC at the time. As the address administration gets brought up to date then so HMRC have a valid and current address to send the penalty notice to; hence why the amounts can appear to be large for the several years that the tax payer was out of contact with HMRC.<\/p>\n
So what should you do if you move?<\/p>\n
The first thing that we would recommend is making sure that all post is re-directed. That way you\u2019ll not miss anything important.<\/p>\n
Postal re-direction, set up at the Post Office, should be done for both business and personal post.<\/p>\n
Of course, if you operate a limited company then your post may well be going to the registered office of the company which may not be your home address. It is vital to have post re-direction set up with your registered office provider too.<\/p>\n
Then you have to start the process of letting HMRC know your new address.<\/p>\n
That\u2019s not one but many letters \u2013 so much for it being one Government department!<\/p>\n
HMRC\u2019s systems do not talk to each other.<\/p>\n
Here\u2019s a roundup of who you\u2019ll need to tell:<\/p>\n
HMRC for the self assessment tax return<\/p>\n
If an employer \u2013 HMRC PAYE for the employer<\/p>\n
If VAT registered \u2013 HMRC VAT<\/p>\n
HMRC for Corporation Tax<\/p>\n
Companies House (a separate Government department not connected to HMRC) for the company record if the registered office address changes<\/p>\n
If an employer \u2013 HMRC PAYE for the employer<\/p>\n
If VAT registered \u2013 HMRC VAT<\/p>\n
HMRC for your own personal self assessment tax return<\/p>\n
HMRC for your employee record (through your RTI returns) for any pay you receive from the company<\/p>\n
It worth mentioning separately that updating the registered office at Companies House will not update any HMRC address details; nor will updating the address at HMRC change the information stored at Companies House.<\/p>\n
Address changing is bureaucratic but essential if you want to stay on top of things and avoid fines.<\/p>\n
Remember that it is your responsibility to keep all of your addresses up to date with HMRC, Companies House and your accountant, if you use one.<\/p>\n
Do not assume that your accountant knows that you have moved; especially of you haven\u2019t told them!<\/p>\n","protected":false},"excerpt":{"rendered":"
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