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I think any more than 3 payments - and I would have done that. It was easier (and cheaper) to make the payment over 3 days than haul myself down to the branch with passport etc.
I just had to jump through a couple of hoops as my Corporation Tax was greater than the £20k limit used by Barclays on their "Make a Payment" option. If you're trying to make a payment > £20k, don't select the account name (to whom you're paying) from the automatic list that comes up while you're entering the name, sort code or account number.
Can't you send multiple payments under £20k to the sum of the overall amount ?
Can't you send multiple payments under £20k to the sum of the overall amount ?
That's what normal people do to get around banks' arbitrary limits on faster payment transfers.
Alternatively you can actually pay online through the HMRC website using a business debit card if your bank is stupid, like mine has been in the past, and blacks out HMRC account numbers so you don't know if you are paying to the correct HMRC account.
I should add they also prevented you from setting up payments to HMRC yourself and default to the blacked out numbers if you attempted to do this.
If you are paying more than £20k Corp Tax I would find a better accountant!
A friend's accountant suggested setting up a West Indies branch to work around that problem - you're paying more than Google aren't you
But more seriously it's better to keep ca 80% of the money in the LTd than to spend it on stupid expenses...
A friend's accountant suggested setting up a West Indies branch to work around that problem - you're paying more than Google aren't you
But more seriously it's better to keep ca 80% of the money in the LTd than to spend it on stupid expenses...
Great point! So often people want to buy x and y from the company forgetting a majority of it comes out of their pocket in the end.
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