No PAYE scheme but possible P11d

 Have a new client (one man limited company) in its second year of trading as a limited company (march 2010 year end).  Has not yet registered for PAYE (salary below NI and Tax threshold) but does reimburse expenses to director.  So looks like we will need to register for PAYE (submit nil returns) and complete and file P11d (although hopefully will get a dispensation) so again a nil return.

What responsibility would I have for the prior year (previous adviser)?  am concerned that a can of worms may be opened with potential P11d needed  for last year ie hefty penalties for late P11d (even if nil).  Am i worrying unnecessarily?  Would appreciate some comments?  

thanks

Fred

 

Comments
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No PAYE scheme but P11d may be needed

mcgalvin |

Directors P11D

Anonymous |

thanks

Anonymous |

You may want a PAYE scheme

Nichola Ross Martin |
Nichola Ross Martin's picture

Is a dispensation worth it?

chatman |

a director or employee earning at a rate of £8500 a year

buttercup books |
buttercup books's picture

Re Jean Reeve

Anonymous |

Dispensations

cfield |
cfield's picture

You might find this useful!

Anonymous |

PAYE and P11d

richard.daclark.co.uk |

Directors & benefits

Harrisd412 |

Remember the second state pension

Anonymous |

No PAYE but P11D

ampofo |

Solution

liam@adplus |

Why p11d?

doctorwho |

Classic Error

robbieb666 |