Any thoughts on the "Claim Period End"? What is going to happen if an employer Furloughs for three months, so puts the end date as June 2020 and then needs employees back earlier? Will there be a facility to amend a claim and repay the grant?
Really grateful for everyone's opinions. The fact is, I want to do the right thing. So, it's back to the old accountant for the facts and then we'll assess the implications. Sorry if I haven't been specific enough!
No paperwork, just spreadsheets where taken monthly dividends and accounted for those in the financial year. The client is a higher rate tax payer. They haven't asked me to correct previous ones, so I will take yours' and johngroganja's advice (thank you) and correct from here on. Even when the accountant explained it to the client, they gave the illustration as you would for a sole trader who has a different year end date. Thank you for your help
What I'm saying is that one of the companies, for example, had a year end date of 30 June 2017 and it was only dividends for that 12 month period that were disclosed on the SA2018. Therefore, anything taken between July 17 and 5 April 2018, was not declared on the SA2018.
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Any thoughts on the "Claim Period End"? What is going to happen if an employer Furloughs for three months, so puts the end date as June 2020 and then needs employees back earlier? Will there be a facility to amend a claim and repay the grant?
I'm really grateful for you clarifying that, thank you ever so much
No obligation as such, as what I didn't mention was that it's a two-director company.
Really grateful for everyone's opinions. The fact is, I want to do the right thing. So, it's back to the old accountant for the facts and then we'll assess the implications. Sorry if I haven't been specific enough!
No paperwork, just spreadsheets where taken monthly dividends and accounted for those in the financial year. The client is a higher rate tax payer. They haven't asked me to correct previous ones, so I will take yours' and johngroganja's advice (thank you) and correct from here on. Even when the accountant explained it to the client, they gave the illustration as you would for a sole trader who has a different year end date. Thank you for your help
Anonymity not really an issue to be honest; nothing to hide, just looking for helpful advice
What I'm saying is that one of the companies, for example, had a year end date of 30 June 2017 and it was only dividends for that 12 month period that were disclosed on the SA2018. Therefore, anything taken between July 17 and 5 April 2018, was not declared on the SA2018.
That's the thing, I don't want to get it wrong and therefore the question is, do I amend last year's tax returns as well?
Thank you for that; published some time ago but I don't think much has changed.
I have found Signables to be very user friendly.