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  1. 2.6% pro rata on the outstanding amount due from...

    2.6% pro rata on the outstanding amount due from 1 Feb.
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    I'm not saying you do. Re-read what I posted.

    I'm not saying you do. Re-read what I posted.
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    FYI - If you have gaps you can make voluntary...

    FYI - If you have gaps you can make voluntary contributions.
  4. My knowledge of Swedish tax is very limited so...

    My knowledge of Swedish tax is very limited so you should seek advice from a Swedish tax expert or the Swedish tax office as to whether you would be taxed in that country and viewed as having...
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    Then you'd be correct. I was just stating it for...

    Then you'd be correct. I was just stating it for the benefit of the OP that's all. :wink
  6. The three point criteria is less than £10k, not...

    The three point criteria is less than £10k, not deliberate and less than four years. This then branches out to the reporting thresholds.

    You can use the advised method as it's below £10k OR...
  7. What's the motive here? If it's for claiming VAT...

    What's the motive here? If it's for claiming VAT back on expenses before registration then you can do this going back four years for goods that you still have or that were used to make other goods...
  8. Correct errors on your VAT Returns - GOV.UK...

    Correct errors on your VAT Returns - GOV.UK
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    Debit Dividends, Credit DLA

    Debit Dividends, Credit DLA
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    What does your dividend document say? The...

    What does your dividend document say? The declaration date is the date that it counts for self assessment tax purposes. The dividend payment date is the earliest date it can be paid which can be...
  11. Just correct it on your next VAT return as the...

    Just correct it on your next VAT return as the reporting threshold is £10k+. How far does the error go back? If it's for an accounting period that ended less than 4 years ago, just do it this way.
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    What's the update on this? There's obviously...

    What's the update on this? There's obviously more pages to the letter you shared on your link which would tell you exactly what tax is owing. The image looks like a standard page they attach to a...
  13. Not a terminology I've come across but at a...

    Not a terminology I've come across but at a guess, I think they want an Accountant's reference or Accountant's visa reference which would state how long they've acted for you, what your company is...
  14. First question I'd ask you which no-one has yet...

    First question I'd ask you which no-one has yet is what do you do? Sounds to me like you're a subbie in construction? If so, the logistics and treatment of invoicing for labour, materials, CIS and...
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    Deferred Income Still deferred income. ...

    Deferred Income



    Still deferred income.



    It's a liability on the balance sheet under Other taxes and social security costs
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    Agreed. As opposed to the golden days when you...

    Agreed. As opposed to the golden days when you get a Woolies voucher for a fiver and you could go and buy something with it and they'd give you cold hard cash as change. Those are not allowed.
  17. ^ This +1 We all know how "expenses...

    ^ This +1


    We all know how "expenses recharged" on your contracting invoices go right?


    Worker incurs expenses, submits it to their own ltd company, their ltd company reimburses the...
  18. I always say what would it fetch on the open...

    I always say what would it fetch on the open market. Like others say, ebay etc. If it's worth £100 then it's £100. If it's worthless, it's worthless.
  19. I'm not sure about HMRC getting "the hump"...

    I'm not sure about HMRC getting "the hump" because of no new sales. If the company has been non-trading for a while, then they maybe suggesting you come up with a reasonable business decision as to...
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    It's been discussed on this forum now and again...

    It's been discussed on this forum now and again for a while now. Some take advantage of it, others don't. We blogged about it when came into effect on 6 April 2016.
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    If you fill all your income details and tax...

    If you fill all your income details and tax deducted at source into HMRC's tax return online, it'll work out the tax due and provide you with a tax calculation which you can check against.
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    Hi Michael, To answer your question in a very...

    Hi Michael,

    To answer your question in a very basic form, you effectively state all your income (both salaries from being a PAYE contractor and limited company contractor, dividends, bank interest...
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    Yes. As people have suggested, ensure you obtain...

    Yes. As people have suggested, ensure you obtain evidence and written confirmation/agreement of your working practices. If the situation was all within the same tax year, HMRC won't be aware of...
  24. Sticky: Could be a whole host of things. What's your...

    Could be a whole host of things. What's your year end? Are you with a high street accountant or contractor specialist?
  25. Sticky: The usual process would be to let them know...

    The usual process would be to let them know you're leaving, agree your final fee and what work they have to complete to the cessation of their service, advise your new accountants and give them...
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    You'll need to register as a Contractor under...

    You'll need to register as a Contractor under CIS. Since you mentioned you get 20% deducted from your work, we'll assume you're already registered as a subcontractor on a deduction rate of Net 20%...
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    Is this response related to purchase orders...

    Is this response related to purchase orders issued by the user of Freeagent to it's client or purchase orders issued by the client and received by the user of Freeagent? May have misread it, but it...
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    Give me a shout if you're stuck

    Give me a shout if you're stuck
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    View or edit a project – FreeAgent...

    View or edit a project – FreeAgent
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    In FA, you can create a Project called Purchase...

    In FA, you can create a Project called Purchase Order (or whatever you want) then set the purchase order amount in the "Budget" part of the "Project". Then when you're raising part invoices toward...
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    There's a function called Projects and allocate...

    There's a function called Projects and allocate sales invoices, expenses etc to it to track your profitability. There's also a function called Estimates so you can send out quotes, have them...
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    The beer is drying up and I don't want to leave...

    The beer is drying up and I don't want to leave the house :tongue
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    What if the worker was employed for less than a...

    What if the worker was employed for less than a year? How do you work out the claim?

    Claim the average monthly earnings since they started.
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    If the employee has been employed for the full 12...

    If the employee has been employed for the full 12 months prior to the claim then you use the higher of either:

    the same month’s earnings from the previous year OR

    average monthly earnings from...
  35. I agree. I just wanted to highlight that it's...

    I agree. I just wanted to highlight that it's per tax year. I usually don't advise anyone to stick it all in one month though.
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    Point me to the thread Scrappy and Scooby will...

    Point me to the thread Scrappy and Scooby will have a looksee.
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    Make both of you furloughed workers for at least...

    Make both of you furloughed workers for at least 3 months or until you pick up another gig.
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    Not really.

    Not really.
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    Of course. It's assumed the OP is running...

    Of course.

    It's assumed the OP is running their own biz since they made reference to "put it through the books".
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    Use of home is even going up from £4 a week to £6...

    Use of home is even going up from £4 a week to £6 from 6 April...

    Renting an office is fine unless you've been booted out of home too due to isolation etc. I don't think you're allowed to kip at...
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    I would advise that there are certain risks to...

    I would advise that there are certain risks to income shifting doing this. Whole can of worms.

    As other's have said, depends on contract length and value. Depending on your IR35 status, I'd say...
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    Both my bosses are taking a nap so I have a...

    Both my bosses are taking a nap so I have a little respite for now.
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    If you have company money then you're not...

    If you have company money then you're not technically "self employed". Self employed are those that run as sole traders without a limited company. Those people can apply for UC. Company savings...
  44. You've got 12 days left before it resets.....chop...

    You've got 12 days left before it resets.....chop chop!
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    Are married. (which is point 1.)

    Are married. (which is point 1.)
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    Dividends do count. It's all based on income. ...

    Dividends do count. It's all based on income. In order to utilise marriage allowance you have to fulfill 3 criteria:

    Married or in a civil partnership
    Not pay income tax or income is below...
  47. It sounds like you jumped the gun and submitted...

    It sounds like you jumped the gun and submitted your DS01 too early (prior to final closure accounts and corporation tax return submitted to HMRC). As the company has been official dissolved, there...
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    Agree with this. It's a legitimate...

    Agree with this. It's a legitimate company/business. Most contractors won't require it though so just notify them if it doesn't apply to you.
  49. Ok, to add something more useful for the OP than...

    Ok, to add something more useful for the OP than some funny comments, you can apply for a discretionary grant from the Bona Vacantia Division which would cover your £750. If the BVD make a...
  50. I'm surprised NW didn't advise your to close the...

    I'm surprised NW didn't advise your to close the company bank account down before the submission of the DS01 unless Companies House struck your company off before you got the chance to submit the...
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