He has not got any penalties/letters from HMRC yet...
He pays his subcontractors on 31 Jan, submits monthly return for January ( I know it shall be for Feb) on 05th of Feb and I think he pays the tax on the same day.
Do you suggest he shall stay quiet, submit NIL return for March and get it right from the new tax year?
He took his first subcontractor on in the middle of October. Paid him 31/10/2013 and submitted declaration for October on 05/11/2013.
Do you suggest he corrects it all now or skips March and submits payment made on 31/03/2014 on his April statement ( there will not be a March return)?
I have got about 10 clients who I do payroll for. I use Moneysoft.
In the middle of Oct one of them received an underpayment notice. I checked all the figures & payments - all seemed ok and paid up to date.
Phoned debt management - not very helpful & said I need to phone employer helpline. Both phone calls cost me lots of time as lots of music heard.
Employer helpline went through all the monthly figures with me - some of them did not mach mine. They said they got them from me.
So I disconnected & checked the figures & reports again. I did not find where they took their figures from - so phoned them again. They said they would investigate that.
I have not heard from them since then but I am not sure if it is sorted...
I wasted over two hours for that.
I also phoned Moneysoft who confirmed lots of clients have the same problem and HMRC has got a mess. Nothing wrong with my figures or the software.
Yesterday I got a letter of underpayment for another client........... I have not even picked up the phone to call hmrc.
I used to work for three different letting agents - they all used software designed for letting agents - cannot remember names of the products but they worked well for them ( and me).
The wife works with her husband two days a week. His takings are mostly cash and that's how she is paid. Her husband is not a registered employer - she is the only person working for him.
David - one more thing: how can I be sure he declares the right amount of money now ( backdated and current). How to I cover myself? Shall I make him to sign something?
My answers
The first £4k is clear. The
The first £4k is clear. The second employer instead declaring £2k earned in this employment put £6k.
I think someone messed it up when the company was taken over...
Yes - the heading on the HMRC is misleading...
He has not got any penalties/letters from HMRC yet...
He pays his subcontractors on 31 Jan, submits monthly return for January ( I know it shall be for Feb) on 05th of Feb and I think he pays the tax on the same day.
Do you suggest he shall stay quiet, submit NIL return for March and get it right from the new tax year?
So he does it wrong...
He took his first subcontractor on in the middle of October. Paid him 31/10/2013 and submitted declaration for October on 05/11/2013.
Do you suggest he corrects it all now or skips March and submits payment made on 31/03/2014 on his April statement ( there will not be a March return)?
So payment on 31st of Jan should go on the CIS monthly return for February?
Ok if you do not call, discuss, talk to hmrc - what do you do when you get an underpayment letter?
Shall I write to them - confirm the figures and tell them to correct them at their end?
I have got about 10 clients who I do payroll for. I use Moneysoft.
In the middle of Oct one of them received an underpayment notice. I checked all the figures & payments - all seemed ok and paid up to date.
Phoned debt management - not very helpful & said I need to phone employer helpline. Both phone calls cost me lots of time as lots of music heard.
Employer helpline went through all the monthly figures with me - some of them did not mach mine. They said they got them from me.
So I disconnected & checked the figures & reports again. I did not find where they took their figures from - so phoned them again. They said they would investigate that.
I have not heard from them since then but I am not sure if it is sorted...
I wasted over two hours for that.
I also phoned Moneysoft who confirmed lots of clients have the same problem and HMRC has got a mess. Nothing wrong with my figures or the software.
Yesterday I got a letter of underpayment for another client........... I have not even picked up the phone to call hmrc.
I used to work for three different letting agents - they all used software designed for letting agents - cannot remember names of the products but they worked well for them ( and me).
The wife works with her husband two days a week. His takings are mostly cash and that's how she is paid. Her husband is not a registered employer - she is the only person working for him.
David - one more thing: how can I be sure he declares the right amount of money now ( backdated and current). How to I cover myself? Shall I make him to sign something?
Thank you David:)
Shall I advise in writing?
Shall he make it up in current period?