A charity I was a trustee for did the same. But most of the building must be used for charitable activities, not just be an admin building. Or at least that is what I remember.
My daughter does the internal wages, she just sorts it every time we get coded.
Do not generally bother on clients, I have explained also to all relevant that the coding does not matter if self-assessment applies.
BUT I would fix the issue that is described in the OP.
The spreading of the code really is more problematic when a taxpayer has several employments, some of which are irregular.
I had one fella that clearly had a main income. £20K per year. but the coding would be spread over the three other employments, trying to give an allowance based on the prior year small figures, trying to make zero tax. Never worked and needed to reclaim tax every year.
I do it regularly
I still get coded for an allowance I last claimed over 12 years ago. Not now entitled to it. I have phoned to get it corrected a couple of times and it bounces back in on the next coding so does not last the year.
But I do tax returns so it does not matter.
My partner has the same problem every time that he gets a code
Wife? Guess what same problem.
For Me and wife I just set to BR and have done so for 8 years now. HMRC get their money earlier
I am just doing HMRC's job, because an action by HMRC person gets overridden by the software every time.
If clients are in self-assessment, it is of no consequence if the coding is ignored.
VAT filing dates are the 7th of the second month following the quarter end return date.
If the HMRC system is at fault, just try again later or the next day
No idea what 'testing some code' means in this context.
Client charges VAT to the pub. Pub reclaims the VAT that it has been charged.
Client gets all the money as now the pub can reclaim the VAT it has paid to offset the the pub's prior output VAT
You are submitting your own Corporation tax return?
Good luck.
The accounts should agree with the return.
So you should be showing the figures on the profit and loss. If I was doing this for a client, the accounts expenses would would be itemised as part of the accounts preparation.
Where did you learn about the seven year expenses thing?
What you describe as a dividend would not really be a dividend. It would not be paid out of reserves. You did not leave enough money in the company to pay the Corporation Tax.
The liquidator would treat it as an illegal dividend and reclaim what is really just a loan.
But for income tax purposes, as in paying your higher rate on dividends, it would be a dividend that is taxable.
Best you get an accountant that can help you navigate basic tax an company rules
My answers
A charity I was a trustee for did the same. But most of the building must be used for charitable activities, not just be an admin building. Or at least that is what I remember.
During the covid time there was a prize given.
And the winner was Lion, IIRC.
My daughter does the internal wages, she just sorts it every time we get coded.
Do not generally bother on clients, I have explained also to all relevant that the coding does not matter if self-assessment applies.
BUT I would fix the issue that is described in the OP.
The spreading of the code really is more problematic when a taxpayer has several employments, some of which are irregular.
I had one fella that clearly had a main income. £20K per year. but the coding would be spread over the three other employments, trying to give an allowance based on the prior year small figures, trying to make zero tax. Never worked and needed to reclaim tax every year.
+1
I do it regularly
I still get coded for an allowance I last claimed over 12 years ago. Not now entitled to it. I have phoned to get it corrected a couple of times and it bounces back in on the next coding so does not last the year.
But I do tax returns so it does not matter.
My partner has the same problem every time that he gets a code
Wife? Guess what same problem.
For Me and wife I just set to BR and have done so for 8 years now. HMRC get their money earlier
I am just doing HMRC's job, because an action by HMRC person gets overridden by the software every time.
If clients are in self-assessment, it is of no consequence if the coding is ignored.
VAT filing dates are the 7th of the second month following the quarter end return date.
If the HMRC system is at fault, just try again later or the next day
No idea what 'testing some code' means in this context.
Client charges VAT to the pub. Pub reclaims the VAT that it has been charged.
Client gets all the money as now the pub can reclaim the VAT it has paid to offset the the pub's prior output VAT
You are submitting your own Corporation tax return?
Good luck.
The accounts should agree with the return.
So you should be showing the figures on the profit and loss. If I was doing this for a client, the accounts expenses would would be itemised as part of the accounts preparation.
Where did you learn about the seven year expenses thing?
What you describe as a dividend would not really be a dividend. It would not be paid out of reserves. You did not leave enough money in the company to pay the Corporation Tax.
The liquidator would treat it as an illegal dividend and reclaim what is really just a loan.
But for income tax purposes, as in paying your higher rate on dividends, it would be a dividend that is taxable.
Best you get an accountant that can help you navigate basic tax an company rules
Your count is now up by one