So i have a new Limited Company client. However, it transpires that the sole director is engaged as a "subbie" and is paid with the 20% CIS deduction. The sole director believes this is the income of the Limited Company, however no invoices are issued by the company, the deductions are shown as that of the director "subbie" and the income is banked in a personal account. The company has no further sources of income.
I am quite happy to report this as SE income, however im just wondering why previous accountants hadn't. Am i missing something here?