Share this content

IR35 question

Not applicable in this case?

Didn't find your answer?

I am preparing a limited company's set of accounts and they've only just decided to tell me when I collected the books that part of the work was invoiced under IR35 as that was what the contractor decided.

I have the P45 from the contractor, but the net pay was paid directly into the sole director's personal account. So even though invoices were raised, no monies came into the limited company bank account.

Am I over-simplifying this to say this income could therefore be treated separately as the director's other personal income and not involve the company?

Replies (5)

Please login or register to join the discussion.

By SXGuy
23rd Sep 2019 13:50

Invoices were raised by the company? But paid directly to the director? Yes I think you probably are.

Thanks (0)
Replying to SXGuy:
By adamsmith72
23rd Sep 2019 13:52

Yes realised after posting, sigh !

Thanks (1)
My photo
By Matrix
23rd Sep 2019 19:37

So it was a public sector contract? You need to look into the off payroll rules and how to prepare the accounts,.

Thanks (0)
Replying to Matrix:
By adamsmith72
23rd Sep 2019 22:54

It was for the Open University.

Thanks (0)
By Tom 7000
25th Sep 2019 11:59

Cr sales Dr wages
opposite and equal if its public sector off payroll rules
If its standard IR35.. that's different....

Thanks (0)
Share this content