Hi
I have read that for Ltd companies with contracts within IR35 then an accounting reference date of 5th April is preferable. If anyone has direct experience of this scenario I just wanted to check that this was still the received wisdom?
On the 5th April reference date, my assumption would be:
- IR35 deemed payment would be based on any receipts up to 5th April (e.g. typically up to a Feb invoice).
- anything invoiced but not received (e.g. for March) would fall into the next year's IR35 deemed payment, but would still accrue in the current period in terms of the company accounts
Many thanks in advance -
I have read that for Ltd companies with contracts within IR35 then an accounting reference date of 5th April is preferable. If anyone has direct experience of this scenario I just wanted to check that this was still the received wisdom?
On the 5th April reference date, my assumption would be:
- IR35 deemed payment would be based on any receipts up to 5th April (e.g. typically up to a Feb invoice).
- anything invoiced but not received (e.g. for March) would fall into the next year's IR35 deemed payment, but would still accrue in the current period in terms of the company accounts
Many thanks in advance -
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