I assume you mean payments on account for the individual not the Company.
You do not set payments on account. They are simply 50% of the previous years liability. Subject to certain caveats of course.
If you think income/liability will fall you can reduce them but they can never be higher.
Hence our colleagues warnings on interest charges if you reduce them too much.
I believe as long as there are clear periods, notified to UC office, they will make any adjustments as you go along. Increased income 2018/19 will never trigger a 2017/18 clawback.
RTI is supposed to report for UC as you go - reason for it's introduction wasn't it?
Failing an early remedy I would treat him as a casual employee, grossed back up for tax and nic under paye regs.
He must be able to supply a NI number.
or send a message to David Treitel. He often helps out on here
I would ask them to obtain from their CPA a certified copy of their latest set of accounts.
What will you want to do with the information when you get it?
Not basic - there are different types of LLC. If I remember rightly HMRC have a list and it comes down to transparency.
Delaware LLC's are fiscally transparent ( Anson vs HMRC) but other states treat LLC's as opaque. Also, some states allow elections to be treated as sole trader (opaque) or small company (transparent)
"Under the new Agreement, this practice is formalised by Article 1(8). The provision provides that income derived through a person that is a fiscally transparent entity under the laws of either the US or the UK will be treated as the income of a resident of a contracting state if the taxation laws of either country treat it as such. In those circumstances, treaty benefits will be available to the resident of either the US or the UK, not the fiscally transparent entity."
Must be out of date. I thought if you made SAR you had to stop work until given permission to carry on
I agree that if the dla is in credit, i.e. owes the Director money, he is using his own money so no issue.
If not it is definitely a pecuniary liability and should go through payroll not DLA.
I am a non-registered for vat agent, and managed to get as far as putting figures in a clients return okay. don't have all the info yet so cant practice submitting yet