- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Payment on account
Collapse
X
-
-
-
Did the hooker charge you twice for one shag? I know, them Polish ...Originally posted by AtW View Post
Comment
-
no it was a surcharge on account of him being floppy. What they call the FLC fluffing forfeit.Originally posted by FatLazyContractor View PostDid the hooker charge you twice for one shag? I know, them Polish ...
Comment
-
I love payments on account too. My invoices paid by Friday of each week.
Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
-
That did me too....Originally posted by AtW View Post
In the interests of war chest building I always paid myself the bare minimum, took a bit extra out last year, hit by payment on account, now I have to take more out and pay more tax so I can pay my tax in advance.
It's a catch 23 situation.
It's gonna get worse after Brexit....Comment
-
What??Originally posted by Hobosapien View PostI love payments on account too. My invoices paid by Friday of each week.
'CUK forum personality of 2011 - Winner - Yes really!!!!
Comment
-
He got paid for doing tulip all because he posts on CUK all day long - payment on accountOriginally posted by northernladuk View PostWhat??
HTHComment
-
YeahOriginally posted by AtW View Post

You can have it reduced if you have different plans for the current year (but you'd better be sure, otherwise you'll pay interest on any discrepancy).Comment
-
There's no catch-22. Obviously, you probably should've known about this as a seasoned contractor (Originally posted by stek View PostThat did me too....
In the interests of war chest building I always paid myself the bare minimum, took a bit extra out last year, hit by payment on account, now I have to take more out and pay more tax so I can pay my tax in advance.
It's a catch 23 situation.
It's gonna get worse after Brexit....
), but you can reduce or eliminate any payment on account if you have different plans for the current year (make sure you account for any dividend tax above the 5k zero-rated band).
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Loan charge recall issue returns, with new demands making UK contractors ‘half-suicidal’ Today 03:58
- AI interviews are here. Here's how IT contractors can ace them Yesterday 06:53
- Closing your limited company isn't failure. It's just the end of a chapter. Jun 8 05:00
- Young people not in education, employment or training isn’t a contractor’s problem. It’s a problem for us all Jun 5 05:26
- How does HMRC’s forward interest change benefit contractors? Jun 4 04:22
- What are Bills of Exchange, and should HMRC's alert worry umbrella contractors? Jun 3 04:09
- Bills of Exchange fail to avoid new umbrella company rules, says HMRC Jun 2 05:32
- Is permanent employment still the safer bet? Yes, but it's a lot less safe than it used to be. Jun 1 04:34
- Is your Director’s Loan Account (DLA) a target of HMRC’s closer look at close companies? May 29 04:45
- Is your Director’s Loan Account (DLS) a target of HMRC’s closer look at close companies? May 29 04:45

Comment