Thanks for your replies. I called HMRC at least 15 times and finally got through to someone who actually seemed to give a damn rather than "computer says no". They sent an internal email to the Agent maintainer team who did call me within 24 hours.
They advised that I had filled in a form some time ago (March 2019) but failed to tick a box regarding AML and so obviously automatically suspended my agent account without notice!
I have now been advised that I need to wait 72hours before my account can be reactivated. What a palaver!
ok thanks John. So even if the loan is £100, there is a repayable CT tax charge of £32.50 and only BIK charge to the director should the loan exceed £10K (if no interest).
If he's had no other earnings the whole of the tax year then I think simply process the payroll in M12 with the NI liability and then reclaim through his SA.
My answers
Thanks for your replies. I called HMRC at least 15 times and finally got through to someone who actually seemed to give a damn rather than "computer says no". They sent an internal email to the Agent maintainer team who did call me within 24 hours.
They advised that I had filled in a form some time ago (March 2019) but failed to tick a box regarding AML and so obviously automatically suspended my agent account without notice!
I have now been advised that I need to wait 72hours before my account can be reactivated. What a palaver!
The only change we recently made was the change our company name by adding the word "Accountant" in it. I wish we'd never done it...
goodwill relates to brand, business name and customer loyalty.
ok thanks John. So even if the loan is £100, there is a repayable CT tax charge of £32.50 and only BIK charge to the director should the loan exceed £10K (if no interest).
If he's had no other earnings the whole of the tax year then I think simply process the payroll in M12 with the NI liability and then reclaim through his SA.