Ltd company invoicing shareholders sole trade business
Customer wont deal with the Ltd Co. ( history with one of the directors who is an ex employee) (Ltd Co has 2 shareholders, 1 director, many customers)
One of the shareholders has performed the work via his sole trade business.
Sole trader has contract with customer. Sole trader invoices customer. Customer pays sole trader.
ABC Ltd then invoices the sole trader and the income is brought into the Ltd Co.
Sole trader accounts then show sale and expense which match.
It just seems wrong doesn't it? Do you agree? What (how much) am I missing here?
- Vat query - EU customer requesting invoice without charging vat 228 8
- Is this legal? 566 9
- Scams are not always obvious 589 16
- Market Value/Connected Persons 156 7
- Auto Enrolment, Payroll, Small Client Advice and what to charge? 569 16
- 100% FYA, do I have to cliam all of it in 1 year? 112 3
- Saying NO to a time wasters 1,965 23
- Cells from many sheets 104 2
- Taxation of rental income 139 4
- notice of consent by surrendering company group relief 126 6
- VAT on long lease in comercial property thathas opted to Tax 48 1
- Childcare vouchers 60 1
- Directors loan 1,385 9
- Expenses allowable against income from lodger 115 1
- New company formation and equity 154 3
- Previously dormant company now medium sized - does it need an audit? 112 1
- Tax planning, transferring BTL property to company 211 5
- Forming a Holding Company 153 2
- SAGE - Filtering Inactive Suppliers/Customers 98 1
- OMB contractor company making himself redundant 236 3
- New Fangled Penalties 1,038
- Moving away from CCH software 899
- Recruitment agencies 521
- QROP pension input amounts 409
- write off loan or loan to equity swap or both 361
- Deemed Employment Payment 340
- HMRC BENCHMARK EXPENSES 301
- Unused Losses and Post Cessation Receipts 297
- EIS relief on transferring shares to spouse 216
- fraud 199