It was over 3000 on account for next years NI - I had left the MSC too. They have agreed to reduce it to nothing if I say I will earn nothing in 07/08 (in that MSC that I have left I assume they mean!)
Oh boy. These profs are frightening.
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account
It was over 3000 on account for next years NI - I had left the MSC too. They have agreed to reduce it to nothing if I say I will earn nothing in 07/08 (in that MSC that I have left I assume they mean!)
Oh boy. These profs are frightening.
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would you mind putting a copy of the letter (with names etc deleted of course!) on here so that people like myself can take some form of action as it may affect usLeave a comment:
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Surely then this means that they are in error not you.
If they haven't run the company correctly then TS....gordo can chase then for it. Not sure how getting your NI number wrong as the only thing AFAIK that changes NI contributions is if you are a director or not and they can hardly mess that up.Leave a comment:
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Class 1 is regular NI. Class 2 is the regular payments you make if self employed(about £2.20 per week). class 3 if you not employed and want to get pension (about £6.60 per week).Class 4 is the 8% of what you earned if you pay class 2.Originally posted by Bluebird View PostLeave a comment:
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NI Class 4
Its not TAX, its something to do with Class 4 NI contributions,
which I thought I had paid. But they get my NI number wrong
and my dob. All I can say its SCARY. Been to toilet several times already.Leave a comment:
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worried
Please clarify this as I was with the co you refer to and do not want the same type of demandLeave a comment:
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Are you sure this isn't just the bill for the higher rate tax due on the dividends you would have received? It will certainly have nothing to do with the MSC legislation.Originally posted by heinz View PostMy previous Managed Service Company (3 letters, first letter J) has sent me a £3500 tax demand for 06/07. I think they have decided they need some more money as this did not happen the previous year, and they shut down all the MSC thanks to Gordon's ruling. Can I fight this? Probably not, since I was a director but not the owner of the MSC - I assume they can charge me what they like by juggling figures around. Its a shock - what shall I do?
Leave a comment:
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Originally posted by heinz View PostMy previous Managed Service Company (3 letters, first letter J) has sent me a £3500 tax demand for 06/07. I think they have decided they need some more money as this did not happen the previous year, and they shut down all the MSC thanks to Gordon's ruling. Can I fight this? Probably not, since I was a director but not the owner of the MSC - I assume they can charge me what they like by juggling figures around. Its a shock - what shall I do?
What sort of tax ?Leave a comment:
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Managed Service Company Tax Demand
My previous Managed Service Company (3 letters, first letter J) has sent me a £3500 tax demand for 06/07. I think they have decided they need some more money as this did not happen the previous year, and they shut down all the MSC thanks to Gordon's ruling. Can I fight this? Probably not, since I was a director but not the owner of the MSC - I assume they can charge me what they like by juggling figures around. Its a shock - what shall I do?
Leave a comment: