Hi I believe it is possible for a taxpayer to request HMRC offset one tax against another - I don't think it's a formal procedure but I will stand correcting but historically when in practice we had a client who paid his VAT into his CT Account and eventually after too mant calls HMRC CT accepted a letter of authorisation from the client and the CT folk transferred the paymemnt to his VAT account - not sure if this helps or not!
Why are large charities exempt from SAO rules when their financial governance is often wanting and sometimes have:
1) poor HR structures (PAYE issues) e.g. staff working as "self employed"
2) complex financial structures / transactions?
3) Income / Turnover exceeding £100m's?
My answers
Hi I believe it is possible for a taxpayer to request HMRC offset one tax against another - I don't think it's a formal procedure but I will stand correcting but historically when in practice we had a client who paid his VAT into his CT Account and eventually after too mant calls HMRC CT accepted a letter of authorisation from the client and the CT folk transferred the paymemnt to his VAT account - not sure if this helps or not!
Why are large charities exempt from SAO rules when their financial governance is often wanting and sometimes have:
1) poor HR structures (PAYE issues) e.g. staff working as "self employed"
2) complex financial structures / transactions?
3) Income / Turnover exceeding £100m's?
to mention a few things.