Directors salary

Amendment to year to date RTI's

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I have been filing monthly RTI's for a director at approx £1000 per month. It has come to light that they have cashed in a pension and will now be a HR taxpayer this tax year. Is it possible to submit revised RTI's for the year to date to reduce salary for year to date to Nil? (tax saving £4K) and instead allocating the monthly payments that have been to the director to the DLA, with the intention of declaring a dividend in 2023/24 to clear the loan account. Or would you say that is pushing it a bit and whats done is done?

Replies (7)

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By Wanderer
06th Feb 2023 12:38

Do you think it ethical to rewrite history?

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Replying to Wanderer:
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By pauld
06th Feb 2023 12:59

If the last 13 years of tory corruption could be re-written, I would consider that ethical, so I guess it depends on the history you are re-writing.

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Replying to pauld:
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By meadowsaw227
06th Feb 2023 13:44

An interesting take on accountancy and ethics .

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By Hugo Fair
06th Feb 2023 15:03

You know the answer(s), don't you!

"Is it possible to submit revised RTI's for the year?"
Technically yes - but categorically 'not allowed' (when not just correcting an actual reporting error), and so obvious that even HMRC are likely to notice.
And, depending on your PB (if you have one), a disciplinary offence.

Not worth commenting on ethics/morality (or the invention of time-travel).

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By zebaa
08th Feb 2023 11:45

Depending on your software you may be able to do a minus payslip.

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By Winnie Wiggleroom
13th Feb 2023 20:41

I think what you meant to say was that you have processed a payroll in error because no salary was paid even though you thought it had been and you wish to reverse it, and yes that is possible!

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Replying to Winnie Wiggleroom:
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By Hugo Fair
14th Feb 2023 11:45

Nice try (with the 'leading' suggestion) ... but making the same 'mistake' for 10 consecutive months?

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