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Is it legal for agent to debit my bank to pay tax etc.

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    Is it legal for agent to debit my bank to pay tax etc.

    I have been told by one lot of accountants that they are not allowed by law to pay my taxes etc by debiting my commercial bank account, but my current accountants are doing this. Which one is correct?

    #2
    If you let the accountant do everything, then you run the risk of looking like a managed service company. I'd start doing it yourself - and start acting like a business.
    If you have to add a , it isn't funny. HTH. LOL.

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      #3
      Are you sure that your current accountants are not set up as agents on your behalf with HMRC and so your actual payments are via direct debit based on your agent's (accountants) filing on your behalf?

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        #4
        Originally posted by Pondlife View Post
        Are you sure that your current accountants are not set up as agents on your behalf with HMRC and so your actual payments are via direct debit based on your agent's (accountants) filing on your behalf?
        Doesn't matter. The whole point of the MSC rules was to stop people claiming business benefits without actually having a business to run. One of the broad parameters is that the company is the only body able to pay out money on the company's behalf.

        Personally, I suggest you get new accountants PDQ. Your current ones sound a little dangerous.
        Blog? What blog...?

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