Maybe HMRC needs to teach its employees about tax?
Assumed it is not commercial letting
I would feel compelled to inform HMRC if the difference exceeds £200. But tell the client to pay what is requested and wait for HMRC to reply.
Client needs to be advised about HMRC error.
PCRT applies
Talk to your financial consultant. Pension companies are not supposed to accept improper contributions. No details, so also consider the tax relief.
Pension planning is financial advice.
We know nothing about your circumstances.
In your position I would be reluctant to do anything as a kneejerk reaction. You may need money this year whilst job searching.
The tax code is irrelevant as PAYE tax is just taking some tax on account until the year to 5 April 2025 is complete and the true liability is known.
£50K income in the year to April 25 already means that you are likely to be in higher rate tax for the year.
Pension and tax planning with both a financial consultant and an accountant would be the best option.
My answers
Maybe HMRC needs to teach its employees about tax?
Assumed it is not commercial letting
I would feel compelled to inform HMRC if the difference exceeds £200. But tell the client to pay what is requested and wait for HMRC to reply.
Client needs to be advised about HMRC error.
PCRT applies
Talk to your financial consultant. Pension companies are not supposed to accept improper contributions. No details, so also consider the tax relief.
Pension planning is financial advice.
We know nothing about your circumstances.
In your position I would be reluctant to do anything as a kneejerk reaction. You may need money this year whilst job searching.
The tax code is irrelevant as PAYE tax is just taking some tax on account until the year to 5 April 2025 is complete and the true liability is known.
£50K income in the year to April 25 already means that you are likely to be in higher rate tax for the year.
Pension and tax planning with both a financial consultant and an accountant would be the best option.
The p60 is for the full year
Who is asking for what?
Is the real problem that the benefits office do not fully understand how things work?
Company accounts are not cash based.
Costs are matched with the income.
Why get all legalistic
Aman is giving voting rights to Bman.
Why not ask him if he wants to have voting rights?
Possible that HMRC will want a deposit
Never come across that problem myself, so have never researched the issue
Best to discuss with your accountant.
£440K of unpaid salary suggests R&D claims.
Probably not.
your accountant is the best person to ask this of.
More confusing
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