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Recent content by petafin
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Higher tax band if timesheets not approved on time
Thanks eek. I will keep an eye on it and trust it will eventually be fixed.- petafin
- Post #12
- Forum: Accounting / Legal
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Higher tax band if timesheets not approved on time
Thanks all. The agency does have the correct tax code (though there is the W1 at the end, for the emergency one). They told me I was on the higher band because I received 4 weeks of salary as one payment. It was the first payment I receive as a new contractor so maybe they started the payroll...- petafin
- Post #10
- Forum: Accounting / Legal
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Higher tax band if timesheets not approved on time
Thanks for your answer. I guess I wasn't clear. I agree on all the stuff regarding that IR35 thing. But regarding the payment, I understand I was paid only when the timesheets were approved. But the issue is that the agency put me on the higher tax band because they paid me the 4 weeks of work...- petafin
- Post #4
- Forum: Accounting / Legal
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Higher tax band if timesheets not approved on time
Hi, As a IR35 contractor through an agency (not umbrella ), I am supposed to be paid weekly. I submitted my timesheets every week but my manager didn't approve them until 1 month so he approved 4 timesheets in one go. Now I received the payment for those 4 weeks from the agency but they put...- petafin
- Thread
- agency contractor ir35 paye timesheet
- Replies: 13
- Forum: Accounting / Legal
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My first payslip with IR35 and I don't get it!
Thanks for your quick reply. I understand how they are calculated if we take the gross salary (3339) but I don't understand then how we go from the £3,825 to £3,339? The only thing I was told is that my daily rate is £765.- petafin
- Post #3
- Forum: Umbrella Companies
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My first payslip with IR35 and I don't get it!
Hi, I used to be a LTD contractor and just moved to IR35. I got my first payslip but I don't understand it. Can someone explains to me those numbers? The weekly pay is £3825 based on a 5-day week at £765. The total paid by the client to the umbrella company is £3825. Then the umbrella...- petafin
- Thread
- ir35 nic payslip tax umbrella
- Replies: 24
- Forum: Umbrella Companies
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Accounting Period for Corporate Tax on HMRC online
I have no accountant (which I understand is a bad thing usually). But if anyone is managing their own accounting and had the similar issue, please let me know. For a basic contractor, the accounting part is not that hard once you look into it but I find the HMRC tools to not be always...- petafin
- Post #3
- Forum: Accounting / Legal
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Accounting Period for Corporate Tax on HMRC online
Hi, I set up a new limited company on 30 June 2018. So I had to submit my first Corporate Tax Return (CT600) at the beginning of this year 2020. This covered the period 30 June 2018 - 30 June 2019. The status of the submission is "submission complete" but when I click on it it says...- petafin
- Thread
- accounting period corporate tax ct600 hmrc
- Replies: 2
- Forum: Accounting / Legal
