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Intern payments

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    #11
    Maybe but there's also a risk they would insist on sending you a notice to file a return and then you've got to do it for however many years.

    On the other hand, don't notify and as long as no tax is owed there is nothing HMRC can do. The mandatory £100 fine only applies for failing to submit a tax return that has been issued. The fine for failure to notify cannot exceed the tax owed so in this case nothing.

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      #12
      Originally posted by TheCyclingProgrammer View Post
      Maybe but there's also a risk they would insist on sending you a notice to file a return and then you've got to do it for however many years.

      On the other hand, don't notify and as long as no tax is owed there is nothing HMRC can do. The mandatory £100 fine only applies for failing to submit a tax return that has been issued. The fine for failure to notify cannot exceed the tax owed so in this case nothing.
      Sounds like the right thing if that's definitely the case. Just issue an invoice and keep a copy then?
      The greatest trick the devil ever pulled was convincing the world that he didn't exist

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        #13
        Originally posted by LondonManc View Post
        Sounds like the right thing if that's definitely the case. Just issue an invoice and keep a copy then?
        Definitely keep records, just in case HMRC ever DO ask.

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