-
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!
Recent content by D15
-
D
Ltd. company questions
So let me get this right.... Turnover Pay yourself a min salary + expenses Net profit is taxed at 20% corporation tax Remainder can be taken as a dividend (will need to work out how much i can take if wanting to stay under the basic rate personal tax allowance). Is that more or less the... -
D
Ltd. company questions
New to this so apologies if my questions are a bit obvious. If you pay yourself a minimum salary and a chunk of dividends to keep you in basic 20% tax rate..... what happens to the 'pot' of money left in the Ltd company? after a period of a few years this would have built up, how can i get it... -
D
Need help completing self assessment !
So, apart from WTT (who I have emailed and waiting a call back), which other tax specialists are well regarded on this forum?- D15
- Post #8
- Forum: HMRC Scheme Enquiries
-
D
Need help completing self assessment !
Recieved a letter from HRMC asking me to complete a self assessment as they think I have recieved loans which they believe should be taxable. My "umbrella" company has advised that "loans" do not have to be declared on my SA and if I wish they can complete the SA on my behalf, i am a little...- D15
- Thread
- Replies: 17
- Forum: HMRC Scheme Enquiries
-
D
Confused - advice required please
Having unknowingly joined one of these loan schemes under 24 months ago, i have recently had a letter from HMRC asking me to submit a self assessment form. Today i have had a word with my umbrella company, they have stated that the loans are loans and should not be submitted on the form, they...- D15
- Thread
- Replies: 10
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
Again sorry about my lack of knowledge about this, but... Is the loan scheme illegal? As in getting paid a basic salary and a Loan? If i select option 1 to pay any outstanding taxes on loans received will these be what i would have paid in the first instance or will they include fines etc...- D15
- Post #20
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
I will look into the links you provided me this evening. Off the top of your heads what options would I have?- D15
- Post #16
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
Yes I assumed so. I would rather get this sorted the quickest and cost effective way I can.- D15
- Post #12
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
As I said previously ... It looks like I made a mistake - which is now done. Posted the original message to move forward and try to get this resolved.- D15
- Post #9
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
Yes... Looks that way. Any suggestions on how I move forward from here?- D15
- Post #7
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
50+ pages so will take some time later and have a whiz through. Could you give me a quick low down what big group is?- D15
- Post #5
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
Call me naive but maybe that is the case? Initially I thought i was signing up to a standard umbrella company.- D15
- Post #4
- Forum: HMRC Scheme Enquiries
-
D
HMRC enquiry into loan
A few years ago i signed up to what i thought was a standard umbrella company (will call this company1). I was paid in 2 blocks, a salary and a loan. I recently recieved a letter from HRMC requesting a self assessment. When i called them querying this they had a note on the system stating that i...- D15
- Thread
- Replies: 23
- Forum: HMRC Scheme Enquiries
-
D
Contractor mortgage help!
Issue is that the payslips show a min wage and the rest is made from "bonuses" If my mortgage gets submitted to underwriter I am worried it may get turned down once they see the slips - they will only take into account actual wage, no OT or bonuses. Would a refused application at underwriter... -
D
Contractor mortgage help!
I am a IT contractor going via an umbrella company. No big breaks in between contracts for last 2 years Over 3 months remaining on contract Have current and previous contracts for up to last 2 years I have a mortgage in I principle based on my contract rate (showed my invoices to Halifax...
