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!
I got advice from an accountant and she said ring them and tell them you earnt £8000 but you say I earnt £2500. Basically declare everything to them.
Why shouldn't I declare it to them ? I'm wanting to get this sorted now rather than when they contact me in a few years.
I worked for redstone...
Thank you for the reply right the £8919 I got paid is broken down like this ;
£2016 is wages that I paid tax on( although hmrc say £2651)
£1701 is for accommodation (is this tax free?)
£5202 is loans.
Why wouldn't I declare the loans may is ask?
What shall I declare from above?
Is there a...
Right ignore the pacnet things it's redstone. So I've added all my wages up from redstone.
Comes in at £8,919.53
Hmrc says I earned £2651
Minus the 2 figures = £6268.53
My plan is to say to hmrc via letter that you state I've earned £2651 when my paperwork says I've earned £8919.53 and id...
Thanks for the help. Right I've gone through my bank account for when I worked for redstone. I got paid via redstone twice. Then after that it was from pacnet services Ltd but I still worked for redstone. Who's this pacnet services ltd?
My accountant has told me to write to hmrc and say...
If someone is using a scheme like this what's the best thing todo? Put in a self assessment at the end of the tax year and declare everything (loans in particular)
Had a chat with someone who's had a letter from hmrc regarding this. His bill was £22,000 for 5 weeks work (a ridiculous figure for the money he earnt) He spoke to his accountant and basically he said the tax man is on drugs and hmrc are clutching at straws with this one. He said because we...
Hi could someone please help me.
Tax year 2014/2015 I worked through Bedouin for 5 weeks. Now I know lads getting £20,000 fines and I really don't need this so I understand it's the problem with not paying tax on the loans am I correct?
So what if I was to put in a self assessment for...