If presumably you're the only director, isn't any company / personal settlement all one & the same anyway?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Settlement, NI and limited company
Collapse
X
-
-
Originally posted by Ltdoptions View PostIf presumably you're the only director, isn't any company / personal settlement all one & the same anyway?Comment
-
The terms of the November 2017 settlement offered by HMRC are very clear when it comes to situations involving you and your limited company.
You can settle everything yourself (and the company owes you money) or you can settle via the company (and perhaps you owe the company money).
I'd be surprised if a professional adviser didn't know that or tried to charge you for a personal AND a company settlement.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
-
What if you're not the only director? This is my situation. I would be open to settling my personal liability, but I certainly can't afford to settle for the company as a whole.Comment
-
Originally posted by Ltdoptions View PostWhat if you're not the only director? This is my situation. I would be open to settling my personal liability, but I certainly can't afford to settle for the company as a whole.
I suspect that HMRC would expect you to settle your personal position but not your fellow director/shareholder.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
-
Yes I registered interest for an individual settlement before the May '18 deadline. STILL waiting for calculations / offer though.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment