Reply to: Liquidation

[newtothegame]

If by "VAT bill due" you mean that's when the vat period ends, then yes.

You have a PM

[newtothegame]

Thanks

[Alan @ BroomeAffinity]

Hi, yes agreed I need help.

VAT bill due 29/02/16, does that mean it dose not need paying until the the 7th of April?

Many thanks

If by "VAT bill due" you mean that's when the vat period ends, then yes.

[newtothegame]

Hi, yes agreed I need help.

VAT bill due 29/02/16, does that mean it dose not need paying until the the 7th of April?

Many thanks

[Alan @ BroomeAffinity]

Does it have to be paid by month end of is there wiggle room, I think I read paid within a month??

Has to be filed by 7th of month and payment made then too. If by DD it's 12th.

Ie, if period ends on 31/01 the return is due by 07/03 and DD will be paid on 12/03.

And, please don't take offence at this, but there appears to be too many holes in your knowledge to fly solo. Get an accountant appointed on Monday morning.

[northernladuk]

Please use advice and not advise. Thank you.

[newtothegame]

Yes, sorry flat rate scheme at 13.5 percent, for first year.

so simple to do the maths.

Just the process.

Does it have to be paid by month end of is there wiggle room, I think I read paid within a month??

Also, will my accountant have the paper work? over and above the portal...

[Alan @ BroomeAffinity]

Are you on the VAT flat rate scheme? Fairly simple but you need to be careful. Monday morning get an accountant and they'll probably be able to fix you up.

[newtothegame]

Get a new accountant. Pay him/her a few hundred quid to sort out the mess and move on. Sticking with your current accountant has potential to make things worse. I bet there are a few other issues you don't yet know about either.

Roger that ;-)

While I have every ones attention.

Before I stopped talking with my accountant, he registered me for VAT, I have the gov portal info.

I need to make a VAT payment (I assume) at the end of the month, my first quarter.

Any advise/instructions how to do this?

I don't want to pay it late...

It's my first time!!

[Alan @ BroomeAffinity]

Get a new accountant. Pay him/her a few hundred quid to sort out the mess and move on. Sticking with your current accountant has potential to make things worse. I bet there are a few other issues you don't yet know about either.

[newtothegame]

If he is Chartered (by which I assume you mean ICAEW) then file ownership rules are here:

Documents and records: ownership, lien and rights of access | Regulations standards and guidance | ICAEW

More specifically:


http://www.icaew.com/~/media/corpora...o_be_done.ashx

"Reverting" the payroll ought to be easy enough, although it may trigger HMRC compliance checks.

____________________________________

Thank you, your combined help is very useful.

Compliance checks... ??? not IR35?

I guess, the question is, do I have to go eat humble pie (keep him sweet) and ask my current accountant to retract the payroll which he is failing to do at present.

Or can I just find a new accountant, explain the situation and ask him to fix it...

Obviously the second is going to cost more but I would prefer to sleep easy, knowing it's all done properly.

What is the best approach?

Thanks again

[Jessica@WhiteFieldTax]

If he is Chartered (by which I assume you mean ICAEW) then file ownership rules are here:

Documents and records: ownership, lien and rights of access | Regulations standards and guidance | ICAEW

More specifically:


http://www.icaew.com/~/media/corpora...o_be_done.ashx

"Reverting" the payroll ought to be easy enough, although it may trigger HMRC compliance checks.

[newtothegame]

Hi,

He is chartered, but 74, lovely chap but I have been diplomatic about past mistakes and now at breaking point, that and his useless staff have frustrated me...

My main concern is reverting this payroll, if a new accountant can do that for me then I would move straight across.

[Jessica@WhiteFieldTax]

Broadly the files are yours. That can be very difficult to enforce.

A competent accountant can probably work around that to a large degree for you by way of reconstruction as necessary.

What qualifications does your existing accountant have?

[newtothegame]

Ok, any advise on how/if possible to withdraw a payroll from 14/15, if it was run by the accountant in error and do I have to keep my current accountant sweet to do this or could another accountant do it on my/companies behalf?

And what documents does the accountant have to give me??? So I can look for other mistakes...

Basically is his file on me/my companies mine?!?!

Many thanks.