"After I filed the late tax returns yesterday ..." suggests that you had an existing HMRC Personal Tax Account which you used to file the returns (more than one?). Or that after receiving the letter you created one without questioning HMRC on why one was necessary given that you are an employee. In either case if you log back into it you will see when HMRC issued a notice for you to file a tax return?
Normally for those not in self assessment P11D benefits are taxed via PAYE, so all I can conclude here is that you were already in self assessment and perhaps overlooked the notice to file letter or it got lost in the post. Regardless of whether you don't think you needed to be in self assessment, if HMRC issue a notice to file a return you have to do one.
I am an accountant (they say the first step to rehabilitation is to admit the problem),but I was once a contractor. And as a contractor I did what was necessary to have a defensible position that I was outside of IR35, in the event of an enquiry, which never materialised. And I paid myself a minimum salary and took the rest as dividends, and my mother provided admin support. Stopped short of giving shares to the missus though.
Bit late to this one but as the budget is the usual tedium, did the OP mention whether he was party to a shareholders agreement that might impose restrictions on him even thinking about it?
The ultimate time saver would be for there to be a common format for invoices in which they are sent as data which accounting software recognises. At the moment its a pain because some invoices still come on paper, others by email (either inline or pdf) and some the supplier expects you to download from their portal. When it was all paper you knew where you stood.
My answers
Disbursement? The company didn't consume the meal.
"After I filed the late tax returns yesterday ..." suggests that you had an existing HMRC Personal Tax Account which you used to file the returns (more than one?). Or that after receiving the letter you created one without questioning HMRC on why one was necessary given that you are an employee. In either case if you log back into it you will see when HMRC issued a notice for you to file a tax return?
Normally for those not in self assessment P11D benefits are taxed via PAYE, so all I can conclude here is that you were already in self assessment and perhaps overlooked the notice to file letter or it got lost in the post. Regardless of whether you don't think you needed to be in self assessment, if HMRC issue a notice to file a return you have to do one.
"Thank you for completing CIMA's AML/CTF return.
Please contact [email protected] if you were unable to save a PDF of your responses."
Needless to say I was unable to save a PDF!
Thank you Julie. I have now found an email in my spam folder from 28 Feb which mentions this. All a bit of a joke though.
I am an accountant (they say the first step to rehabilitation is to admit the problem),but I was once a contractor. And as a contractor I did what was necessary to have a defensible position that I was outside of IR35, in the event of an enquiry, which never materialised. And I paid myself a minimum salary and took the rest as dividends, and my mother provided admin support. Stopped short of giving shares to the missus though.
might be worth spendin £50 on this?
https://www.kingsbridge.co.uk/products/ir35-status-review/
Have you run it through the HMRC IR35 checker?
Seriously though, is whether the client has a presence in the UK the main consideration?
I don't think paying all the income as PAYE would absolve him from IR35 compliance, especially if some of it went to his spouse?
Bit late to this one but as the budget is the usual tedium, did the OP mention whether he was party to a shareholders agreement that might impose restrictions on him even thinking about it?
The ultimate time saver would be for there to be a common format for invoices in which they are sent as data which accounting software recognises. At the moment its a pain because some invoices still come on paper, others by email (either inline or pdf) and some the supplier expects you to download from their portal. When it was all paper you knew where you stood.
as in Chuck Berry's "My Ding a Ling"?