Closure Notice for Compliance Check!

[jaffajeo]

You can't be SE (i.e. subject to Schedule D NICs) and a Company Owner. If you think you are, that may be part of the problem; you need to be clear about which before any advice is relevant.

As regards the PCG, phone them up on Monday and ask them; they are quite approachable...

Jeez... really? I thought you could be self employed and an employee though? Let me tell you my circumstances a bit and let me know what you think.

I registered self employed for the purpose of developing projects in my own name, and for doing odd jobs. I registered a company (with my family) and serve as a director utilising it for my bigger projects (for jobs requiring an LTD.)

All of my income stemmed from me invoicing my company as an individual to both the odd job clients, and to my own company (for time and expenses) relating to the projects I would do. These are ad hoc short term projects. So while the work i did for my company brought most of my income (it didnt necessarily take most of my working time - ie. that would be on me attempting to make my own projects outwith the company.)

In my SA I reported all the income I derived (from straight up invoices) minus my expenses - i didnt recieve money from the company in any other way etc. What I didn't do was tick on my SA that i was a company director (which I learned I should have) and should have placed part of my income (that they saw as being from me working as an employee in the SA wages box.)

Other than that though, the income still added up to be the same in my SA. Though I imagine maybe they would if they classed the bigger proportion of my income as 'wages' seek to reduce the expenses i claimed as a SE person doing the projects for my own company.

To reiterate the kind of full turnovers we're talking about are just about the 10 - 11k march for the last few years. Ie. weighing in whether an easier settlement is possible with hmrc is they intend to prolongue investigation or whether fancier rep is required.

Definately going to enquire about PCG come Monday! What do you reckon sir? I really appreciate your opinions on this.

[northernladuk]

Why are you still asking opinions of random strangers on a public board when the majority have already said get specialist advice?. You clearly have a complex situation with some quite serious ramifications if you get it wrong. unless you are just looking for some to give you the answer you want to hear......

[jaffajeo]

Why are you still asking opinions of random strangers on a public board when the majority have already said get specialist advice?. You clearly have a complex situation with some quite serious ramifications if you get it wrong. unless you are just looking for some to give you the answer you want to hear......

Random strangers have given me some useful pointers and made me aware of services such as those offered by PCG so I don't consider it fruitless, but of course nothing compares to specialist advice. But if your a small bit player and the amounts aren't huge (and neither am i rich!) its been a quandery figuring the kind of specialist advisor I should seek for my situation, esp. for a small fry like me! For example a specialist tax advisor with experiences of these types of checks/ investigations? If you have any to recommend from experience id appreciate it.

[jaffajeo]

Well its all sorted, there was nothing to pay and no further investigation. HMRC commended me for being friendly and courteous and for providing information immediately upon request - which I did with additional covering info.

Everyones experience is different of course and im not party to the unique circumstances that may have made my favourable outcome occur but regardless of that im thankful for the tips.

[cojak]

Well thanks for letting us know your outcome.