It will depend on how the pension provider has treated these payments (gross or with relief at source?).
Cash basis accounting is not permitted for limited companies.
I noticed it too. One new member who "Spent a weekend testing the market for dandruff in Phoenix, AZ" is particularly active this morning...
I assume the OP is not a native speaker.
Thanks Matrix.
Thanks for your reply, and yes, it would be a first registration to FRS VAT from 1st January.
Thanks Lion I thought I had read somewhere that you couldn't back date joining the FRS so thanks for that. He thinks he may have a full time employment contract by the end of the year so he will deregister at this stage.
Re your answer 1. Just to be clear (as it's not obvious from the OP's query) the company pays it and the company claims it back.
Thanks this is how I would treat it too. I will give my software provider a call to see whether I am doing anything incorrectly.
I always thought that if goodwill exists it has to be recognised, whether it is tax efficient or not. I don't think it's optional.
My answers
It will depend on how the pension provider has treated these payments (gross or with relief at source?).
Cash basis accounting is not permitted for limited companies.
I noticed it too. One new member who "Spent a weekend testing the market for dandruff in Phoenix, AZ" is particularly active this morning...
I assume the OP is not a native speaker.
Thanks Matrix.
Thanks for your reply, and yes, it would be a first registration to FRS VAT from 1st January.
Thanks Lion
I thought I had read somewhere that you couldn't back date joining the FRS so thanks for that.
He thinks he may have a full time employment contract by the end of the year so he will deregister at this stage.
Re your answer 1.
Just to be clear (as it's not obvious from the OP's query) the company pays it and the company claims it back.
Thanks this is how I would treat it too. I will give my software provider a call to see whether I am doing anything incorrectly.
I always thought that if goodwill exists it has to be recognised, whether it is tax efficient or not. I don't think it's optional.