Anonymous
Share this content
0
719

IR35

Moneysoft payroll

we have a client caught under IR35

we want to include salary payments as tax free to match payments received under the contract - dividends not workable as there are minority shareholders

how do we do this using moneysoft?

Replies

Please login or register to join the discussion.

27th Jan 2019 16:56

Are you saying that you have a PSC client providing services under IR35 to a public sector organisation (or agency) and that the PSC has been paid the amount it has invoiced (ignoring VAT) less the tax and Ee's NIC deducted by the organisation?

If so, why are you running a payroll for the PSC? Just report the fees invoiced as the director's (presumably) remuneration and transfer the balance after taking off the deductions from the invoice payment to the director's loan account.

Thanks (0)
Share this content