Tax burden as subcontractor via MSC?

[dnisbet]

Hi,

I was using an MSC to provide my service to clients. Obviously, this all changed last April and so I stopped working for a limited company via my umbrella company and became a subcontractor via my umbrella comapny instead.

This lasted for approx. 3 months before I set up my own ltd company.

As I understand it, I was paid everything I earnt, less the umbrella fees and NIC - I believe I needed to save a wedge in order to pay my own tax.

Now, unsuprisingly, the MSC is no longer, but I have not had a tax bill for my time as a subcontractor. My accountant is unable / not really trying to work out what tax I owe, and any attempts I have made to contact the umbrella company have proved fruitless.

Now my tax bill is due for my ltd company, I would have well expected to see something for my previous tax burden by now.

Does anybody have any suggestions as to how I can resolve this please?

I have the cash saved, but just dont want to be on the wrong side of the taxman!

Thanks in advance,

Duncs

[Hex]

I would have thought the umbrella would have paid you net of NI and income tax as they would be paying you via PAYE.

Go back through your payslips and have a look to see if they deducted income tax. If so, then you shouldn't have any more tax to pay.

[Sausage Surprise]

I would have thought the umbrella would have paid you net of NI and income tax as they would be paying you via PAYE.

Go back through your payslips and have a look to see if they deducted income tax. If so, then you shouldn't have any more tax to pay.

What he said...

[dnisbet]

Cheers for the help people.

I'll have a look through the payslips and see what I can find.

Dunc

[Hex]

You should have got a P45 when you left your umbrella. This would details the tax you've paid. Get this and send it to your accountant.