Late submission of final PAYE

Company now dissolved

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I have just picked up a new sole trader client.He was a director of his now dissolved company; his salary and employee's wages were paid before the company was dissolved. He has only just paid the outstanding PAYE from his personal account. Can a submission still be made to HMRC of these final salary and wages?

When it comes to doing his 2023/24 SAR return I am assuming his salary and tax will have to be submitted on his return under the employment section?

Replies (20)

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DougScott
By Dougscott
06th Mar 2024 16:18

Is the new client you were asking about last year? The old accountants will have done and closed all the PAYE filing requirements, all you need to do is report his salary, dividends, P11Ds, from that dissolved company etc on your clients Tax Return 2024.

With all due respect this is very basic stuff, no wonder HMRC is seeking increased regulation for tax advisers...

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Replying to Dougscott:
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By Kosher
06th Mar 2024 17:08

Dougscott wrote:

Is the new client you were asking about last year? The old accountants will have done and closed all the PAYE filing requirements, all you need to do is report his salary, dividends, P11Ds, from that dissolved company etc on your clients Tax Return 2024.

With all due respect this is very basic stuff, no wonder HMRC is seeking increased regulation for tax advisers...

No this is a new client I've just picked up. The client himself dealt with PAYE etc and gave the accountant figures to submit his company's tax return.

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Replying to Kosher:
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By DKB-Sheffield
06th Mar 2024 17:40

Kosher wrote:

No this is a new client I've just picked up.

In what sense?

Late night bar pick up?
Physically manhandled picked up?
Or... if the client is of the double cab variety... be aware of double u-turns!

None of this is helpful of course... just post-budget ramblings.

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Replying to DKB-Sheffield:
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By Kosher
06th Mar 2024 19:34

DKB-Sheffield wrote:

Kosher wrote:

No this is a new client I've just picked up.

In what sense?

Late night bar pick up?
Physically manhandled picked up?
Or... if the client is of the double cab variety... be aware of double u-turns!

None of this is helpful of course... just post-budget ramblings.

No he came to my door, I run my business from home, he was recommended by an old client. I HAVE NOW SACKED HIM - TOO MUCH TROUBLE FOR TOO LITTLE MONEY

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Replying to DKB-Sheffield:
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By Kosher
07th Mar 2024 21:06

DKB-Sheffield wrote:

Kosher wrote:

No this is a new client I've just picked up.

In what sense?

Late night bar pick up?
Physically manhandled picked up?
Or... if the client is of the double cab variety... be aware of double u-turns!

None of this is helpful of course... just post-budget ramblings.

Don't drink and don't go to the pub either. It is a struggle to live as an OAP nowadays. My total earnings are less than £12,570 and it is a struggle, unless we downsize, to take one holiday abroad each year. Last year it was 5 days in Blackpool, in November, in heavy winds and rain.

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By FactChecker
06th Mar 2024 16:20

"his salary and employee's wages were paid before the company was dissolved. He has only just paid the outstanding PAYE from his personal account. Can a submission still be made to HMRC of these final salary and wages?"
... could you explain, clearly, what has and what hasn't happened?

- If salary/wages were paid before company was dissolved the presumably RTI was filed by/before then?
- So what was the 'outstanding PAYE' (do you mean the amount payable to HMRC from those RTI-reported payments)?
- What submission still needs to be made (have there been subsequent payments of salary/wages)?

And "When it comes to doing his 2023/24 SAR return I am assuming his salary and tax will have to be submitted on his return under the employment section?"
... why would you suppose anything else (or is there something you've not told us)?

EDIT: just seen Dougscott's post ... I was (perhaps foolishly) assuming that the payments to himself/staff were in the current tax year!

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Replying to FactChecker:
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By Kosher
06th Mar 2024 17:10

No he forgot to submit the RTI to HMRC

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Replying to Kosher:
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By FactChecker
06th Mar 2024 21:52

Ah, the old 'intermittent memory' problem plaguing him was it?

Sounds like you've done well to swerve that one!

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By Tom+Cross
06th Mar 2024 16:28

This is one I did earlier............
Main body of return
Employment
Self-employed
Tax calculation summary
The final part of your enquiry is the bit that concerns me. However, no disrespect intended.

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Replying to Tom+Cross:
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By Kosher
07th Mar 2024 21:09

Tom+Cross wrote:

This is one I did earlier............
Main body of return
Employment
Self-employed
Tax calculation summary
The final part of your enquiry is the bit that concerns me. However, no disrespect intended.

I have sacked the client!!!
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By Kosher
06th Mar 2024 17:16

The client dealt with everything himself and gave figures to his accountant, accountant???, to do the corporation tax return. He has now come to me, in a sole trader capacity, and told me he has forgotten to submit his RTI but has paid the outstanding PAYE late from his personal account. It proves that qualified accountants are needed, when small business owners decide to do everything themselves to avoid paying accountant's fees.

Think it probably would be easier for me to sack the client before I do any more work!

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Replying to Kosher:
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By Kosher
06th Mar 2024 19:37

Kosher wrote:

The client dealt with everything himself and gave figures to his accountant, accountant???, to do the corporation tax return. He has now come to me, in a sole trader capacity, and told me he has forgotten to submit his RTI but has paid the outstanding PAYE late from his personal account. It proves that qualified accountants are needed, when small business owners decide to do everything themselves to avoid paying accountant's fees.

Think it probably would be easier for me to sack the client before I do any more work!

I HAVE SACKED THE CLIENT NOW.

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Replying to Kosher:
DougScott
By Dougscott
06th Mar 2024 23:49

Your CDD clearly isn't adequate. I suggest you update your MLR policies and procedures and your CDD checks.

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Replying to Dougscott:
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By DKB-Sheffield
07th Mar 2024 00:13

Dougscott wrote:

Your CDD clearly isn't adequate. I suggest you update your MLR policies and procedures and your CDD checks.

I'd suggest CDD is non-existent. And if work has already been completed (as suggested in the immediately previous post). No AML checks, PC or EL is likely to have been in place either. One has therefore to question supervision and PII? Put then, I guess I don't 'pick up' clients from the same places as the OP.

Whilst I'm not entirely in agreement with HMRC's proposed reforms on regulation of the tax advice sector... (primarily because they couldn't arrange a [***] up in a brewery) today has seen a number of posts that would provide huge leverage to force reforms through with immediate effect!!!

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Replying to Dougscott:
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By Kosher
07th Mar 2024 15:51

Dougscott wrote:

Your CDD clearly isn't adequate. I suggest you update your MLR policies and procedures and your CDD checks.

I am a one man business earning very little fees. I just don't do accounts and tax returns and spend time doing just this. I am also a poet and lyric writer and author who needs time to publish and earn money from that to get enough money to pay expensive solicitors to help my wife out with a financial sticky situation she has got herself in. I am not one of these boring accountants that spend all their time doing accounts and tax returns and seeing clients. I am now 71 and my part time self employment is done just to pay the solicitor's fees. I am hoping to retire in the next two or three years time when most of my clients also will have retired. Can't see myself just earning fee income of £340 a year just to pay out the MLR fee, software, travelling and office costs. Once our case goes to court we should have over £100,000 in the bank. Oh what a feeling to enjoy a happy retirement taking holidays and writing only!!!

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Replying to Dougscott:
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By Kosher
07th Mar 2024 21:15

Dougscott wrote:

Your CDD clearly isn't adequate. I suggest you update your MLR policies and procedures and your CDD checks.


I am up to date with all those matters. I spent my time from August 2023 to January 2024 catching up with MLR policies and CDD checks. I have just finished finalising returns I submitted as provisionals in January. The joys of taking clients from an accountant??? who has no qualifications and cannot put a set of accounts together and cannot file tax returns or VAT returns or do wages and submit RTIs.
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Stepurhan
By stepurhan
07th Mar 2024 08:46

OP wrote:
... now dissolved company;
If the company is dissolved, then there is no company to do anything on behalf of. The records at HMRC are likely to have been made inactive, which would mean you couldn't file anything using company references if you tried. I know I couldn't for a company that was struck-off and restored, but without HMRC reactivating the UTR.

Company obligations expiring with the company is pretty standard stuff. Are you sure you are in the right profession?

In case you plan to suggest I offer you £50,000 for your clients so you can retire (as you did on another thread) the answer is no. With problems like this one coming as a surprise to you, I dread to think what other issues are lurking in your fee bank.

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Replying to stepurhan:
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By Kosher
07th Mar 2024 15:57

I refuse to bite!! I know I cannot file PAYE or anything else regarding the dissolved company. If you would kindly read the threads - I HAVE SACKED THE CLIENT WITHOUT DOING ANY WORK. Perhaps you would like to take him on, it is £3,000 a year fee income.

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the sea otter
By memyself-eye
07th Mar 2024 15:56

When your case goes to court will you plead guilty?

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Replying to memyself-eye:
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By Kosher
07th Mar 2024 16:01

What case or you on about? My wife is suing a company for £115,000 for ripping her off. They are the guilty party and they are likely to get done for fraud by misrepresentation.

I won't be going to court, so I have no need to plead guilty of anything.

PLEASE READ MY THREADS - I HAVE SACKED THE CLIENT HAVING DONE NO WORK AND HE WILL NEED TO FIND A BACKSTREET UNQUALIFIED ACCOUNTANT TO DO HIS DIRTY DEALINGS!

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