Hi there, thank you for your response.
I never had to file a tax return as I always was in regular employment, that is until I was made redundant in 2006. I have never worked since.
Before I moved to my current address about 5 years ago, I remember HMRC sending me a letter to give me the opportunity to update my NI payments, which I did at the time. But after moving out, I did not advise them of my change of address, so as far as they are concerned, I am off radar!
Last year I requested a statement of my NI account online, but they wrote back saying they could not confirm my identity! I gave them my NI number, d.o.b, etc. but I did struggle to find the tax reference in the format they asked. I knew that wasn't it, but I gave them the closest thing I could find on my payslip.
In regards ***** ***** future work, I am not quite sure how that will go. I may get involved in the running of a limited company, as a shareholder. The concept will be to organise, for the time being at least, three to five fitness events a year. More if it catches on quickly. The rest of the time the company will be dormant. Whatever profit is generated, which we expect to be quite humble, will be left in the company's account. I will not be receiving an income from it.
I hope I have enlightened you a bit more somewhat!
Thanks for your time
Thank you for your detailed reply.
Here is my recommendation to you
Personal tax (HMRC)
If your circumstances were to change and you were to file a tax return in the future, then you need to register for self assessment and you will be given a unique tax reference number (10 digits). You would use this number when you communicate with HMRC.
You can register for self assessment online and the link is here
Although, if HMRC ask you to complete a tax return you must do so. This will normally be to make sure you are paying the right tax and getting the right allowances.
If you don’t already complete a tax return form, you’ll need to do so if you receive any of the following:
Income from savings and investments of £10,000 or more.
Income from untaxed savings and investments of £2,500 or more.
Income from property (before deducting allowable expenses) of £10,000 or more.
You receive income from overseas
Income from the estate of a deceased person on which tax is still due.
If you or your partner receive child benefit and your income is over £50,000.
You state you had problems finding your tax reference number when asked for by NI Contributions Section of HMRC. The payslip would normally have employers PAYE reference number.
It would be advantageous for you to write to NI Contributions Section at Newcastle address and request they provide you with a statement of your NI contributions to date for pension purposes and also update your records to reflect your current address and your status.
You have outlined your plans for the future. If you were to get involved in the running of a LTD company, you may be deemed as an employee. You will have to consider your status at that point. If necessary, register for self assessment at that point.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.