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Reply to: Incorect payments.

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Previously on "Incorect payments."

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  • LisaContractorUmbrella
    replied
    Originally posted by TheFaQQer View Post

    If you're moving from an umbrella to a limited company, is this not a Friday to Monday situation that's going to be IR35 caught anyway? You're doing the same job you were doing for your employer after all.
    This. Have you established that your working practices put you outside IR35 and that your contract reflects that? If not then you'll be inside IR35 and the vast majority of your income will be taxable through PAYE anyway.

    Leave a comment:


  • TheFaQQer
    replied
    Originally posted by BrilloPad View Post
    Does one extra payment really matter?
    This.

    If it impacts the company cash flow, then loan the company the money to cover the cash flow problem. If not, then it doesn't seem the end of the world to me.

    If you're moving from an umbrella to a limited company, is this not a Friday to Monday situation that's going to be IR35 caught anyway? You're doing the same job you were doing for your employer after all.

    Leave a comment:


  • bugail
    replied
    Originally posted by SimonMac View Post
    What I was getting at, is could this payment be from time worked under the old contract, that is being paid in arrears
    The origin of the money is known, it was an error by the agency. They paid the umbrella instead of my ltd company and the umbrella just paid me PAYE despite our agreement being terminated. I want to return the money to the umbrella, the umbrella to return it to the agency and update HMRC so that the agency can pay me correctly but the umbrella are refusing to do this.

    Leave a comment:


  • SimonMac
    replied
    Originally posted by bugail View Post
    No, i had switched to LTD and had a new contract with the agency to reflect this.
    What I was getting at, is could this payment be from time worked under the old contract, that is being paid in arrears

    Leave a comment:


  • bugail
    replied
    Originally posted by SimonMac View Post
    Does the payment refer to when you worked under the brolly rather than the Ltd, IE in arrears so this should be a brolly payment anyway?
    No, i had switched to LTD and had a new contract with the agency to reflect this.

    Leave a comment:


  • bugail
    replied
    Originally posted by Jessica@WhiteFieldTax View Post
    Your starting point is your agency, specifically (a) was the contract with them properly varied and (b) did you give them new bank details.

    From there, the answer flows.
    They issued a new contract with my ltd when i switched but I hadnt given them the new bank details nor had i invoiced them.

    The problem turned out to be their time sheeting system automatically generating an invoice that they paid to the umbrella in error.

    Leave a comment:


  • SimonMac
    replied
    Does the payment refer to when you worked under the brolly rather than the Ltd, IE in arrears so this should be a brolly payment anyway?

    Leave a comment:


  • BrilloPad
    replied
    Does one extra payment really matter?

    Leave a comment:


  • Jessica@WhiteFieldTax
    replied
    Your starting point is your agency, specifically (a) was the contract with them properly varied and (b) did you give them new bank details.

    From there, the answer flows.

    Leave a comment:


  • bugail
    started a topic Incorect payments.

    Incorect payments.

    After switching from Umbrella to LTD the agency mistakenly paid the umbrella and Umbrella paid me PAYE.

    The umbrella are claiming that there is nothing they can do about it and wont accept the money back. Should i insist the payment goes back up the chain and then correctly made by the agency to my ltd account.

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