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On the CT600 you can request the HMRC not bother refunding anything under £20, maybe they have done that in the past, and this year your refund was greater than £20?? If you do have unpaid interest...

No idea. From a cash flow perspective our clients like to take what they can from the business each month. It works better than hoarding cash until 31 Mar and making a lump sum salary payment then....

I am afraid it looks like a mistake by you. You missed putting those expenses into the previous section of the tax return titled "Benefits from your employment – use your form P11D (or equivalent...

If you want to avoid paying any personal tax on your dividends then Brett has it right. There is no point taking a salary through your company, just take dividends - up to about £5,800. If you need...

My feeling is the level of detail is getting too granular here. Your dividend vouchers/board minutes point to the transaction occurring on date X. I think the HMRC will accept this as being the...

Just so its clear (because I have seen employers do it both ways), so long as the pension was deducted from your gross pay, you don't declare it in your personal tax return. For example, if your...

For item (1), call the HMRC on 0845 300 0627. When you received the incorrect P800 you should have done this anyway. Get that tax year cleared up, and take advice from the HMRC re what to do with the...

The categories you mention in your first post should all be matched across to the fields Companies House request. Some of the CH fields will be blank, but I am surprised your accountants balance...

The Xmas party is like an 'anything goes' rule - just don't exceed the thresholds discussed in this thread, and the entire amount remains tax deductible for the company with no P11D costs on the...

The dividend still belongs in the year before (PAYE) because, it appears from what you are saying, you physically transferred the money at this point. The issue in this thread is "when is a dividend...

Arrgh. Yep, thanks for that. Original post now amended.

I concur.

If you want to pay yourself a salary that keeps you under the NI threshold, then take the date you were appointed Director, and use page 35 of http://www.hmrc.gov.uk/nitables/ca44.pdf - read across...

You mean for tax purposes right? It was paid on 01 Apr 2013, and so falls into the 2012/13 tax year. There is a good article over at AccountingWeb (Dividends checklist: Get the details right |...

Make sure you take your partner to double the threshold to £300.

Hi Geekman,

Thanks for the message. Here are some answers for you;
(1) May 2015 is correct;
(2) It does not need to be repaid by Aug 2014 so its a moot point;
(3) No, not really;
(4) 4% is...

Tax residency has to be the big issue here. When (if at all) will you cease to be a UK tax resident? Take a look at the HMRC tool at http://tools.hmrc.gov.uk/rift and see how you go. Your tax...

The CT600 computations page takes your Trading and professional profits as a starting point - there is no need to highlight items of expenditure that have already been included in your profit figure...

Hi twiz911,

I am afraid you are going to need to speak with a decent tax accountant in Melbourne - there is such a flow of people between UK and Aus I am sure you will be able to find one that...

Although most clients use our address as the registered office, I have never (ever) heard of a registered office address falling foul of the clause you mention below. In most cases the clause means...

I think the main issue here will be the tax implications in Australia. If you permanently left the UK before 05 April, then any dividends you pay yourself now will not be UK-taxable. If you left the...

Easily fixed Norbie - inniAccounts mention it in their first post - "If you're not ready for RTI yet you can call HMRC's Employer's Helpline on 08457 143 143 (option 3, option 3) - they can remove...

In addition to the above, take a look at the agency side. Would they be happy for the contract to be signed by your spouse - or would they be happy for you to sign the contract on behalf on the...

I am not sure this is correct. Darren Upton was ACCA, and there are plenty of hopeless (but qualified) heart surgeons in the world. Sometimes people are just dishonest, and sometimes bad things...

Yep, our friends at HSBC can open the account about 30mins after a face-to-face meeting. They are the fastest we are aware of. RBS should be able to do it faster than a week - our mates at RBS take 3...

Hi ASB,

This is the kind of thing that can start to get very complicated very quickly because there are so many scenarios to consider. But some general pointers for you are;

(1) Generally I...

Its pretty quick. You can register online at HM Revenue & Customs: Registering by email

This will obligate you to complete the annual PAYE for 2012/13, and to fulfill your RTI obligations for...

See, you could also use your business card to pay for your next holiday to the Med. The point here is, just because you are using your business card to pay for fuel, does not mean it is an allowable...

The IR35 compliance check should consider both the written contract, and the actual working conditions. The contract check may be worthless (but useful for peace of mind, and at least you will know...

Hmmm, thats a good point.

Yep, included in Turnover.

An often forgotten element of this is the personal tax return. If you do decide to proceed with this, you effectively become a landlord to your company with income that must be declared on your...

Ours take 2-4 weeks to appear usually. The problem with this is, you have to keep trying and keep trying. Call them once a week, every week, until something turns up.

As NW says, also check that...

With the personal allowance already being used up, there is no tax advantage to be gained by paying a salary through the ltd company. If the couple wanted to reduce their compliance work, I would...

Maslins has picked up on a technical point, and is right, there is no legislative requirement for a Director to register for self-assessment. The HMRC however do have a 'policy' where all company...

Yep, all of it.

I know its been mentioned before, but getting your company to pay for your insurance policies will give rise to a benefit in kind taxable charge.

For life insurance, consider taking out a...

Yep, his calculation is correct, but it may have been applied incorrectly. For a Director;
(1) National Insurance is calculated based on total cumulative pay to date;
(2) When salary exceeds the...

Has he said why? His approach sounds insane.

I was in a similar situation a few years ago. In the end we decided to go for just the Life Insurance option. Your attitude to risk is a big factor here, and I agree, critical illness and income...

So your accountant is saying be careful how you SPEND your dividends? I am afraid I cannot think of any basis what s/he might say that. Spend your dividends on what you like. Spend your salary on...

I'll second that.

I always think your best option is to call a few accountants, to get your head around what they offer. Understand the fees involved, time to get set-up, and what you need to do week-to-week...

Yep, he certainly was playing fast and loose with company money. I think the issue of whether a trust system works is clear - what is less clear is what to do to ensure you are actually holding...

You know, there was a recent case on this. It centered around the Director holding his company funds in his personal account 'on trust' - that is, the money was NOT loaned to him, but rather he just...

Have a think about your main motivation for buying it. If its for a business need, then end of story - its a business expense. Don't get yourself tied in knots about what you COULD use it for.

Thats interesting. They used to have the phone number on the SA1 form saying "If you need to complete a tax return, first you must register for
Self Assessment to get a Unique Taxpayer Reference...

Seems a bit controversial, but in an almost identical case a First-tier Tribunal found the repayment of lease costs made no difference, and the Directors were taxed on the BIK of having a company car...

Its straightforward in my opinion (mind you I have done a few). Don't forget to submit your GROSS dividend + salary income in the service company income box, and if you had a P11D you'll just need to...

I would go with the HMRC view on gym memberships provided to employees;
EIM21825 - Particular benefits: exemption for sports and recreation facilities: general

As your gym wouldn't be a...