Difficulty with payment into my Ltd Co account

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eek replied

13 July 2017, 10:52
Originally posted by NotAllThere View Post

Is the contract with you or with your ltd. company? As a director of a ltd. company, I seem to recall you have to go through self-assessment anyway.

No you don't. You only need to provide a tax return if
HMRC ask you to

you actually need to pay HMRC money

wish to carry a trading loss forward....

This means that there are people who only need to submit a self assessment form from 2016/17 onwards due to the dividend tax changes....
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northernladuk replied

13 July 2017, 10:45
Originally posted by GinnyT View Post

Hi from a newbie!

I have been working as an online tutor/marker for a training company for three months. The agreement is for self-employed, freelance.... I advised them on my induction day that I worked through a small Ltd Co and they were fine with that. After non-receipt of payment due, I queried with their finance department, who now tell me that they cannot pay my Ltd Co due to some clause with the colleges about contracting with private companies (!?) so I must provide them with my personal bank details. This was not mentioned before and is not explicit in any formal agreement I have with them. I have no desire to go through the whole self assessment rigmarole for this pretty paltry amount of money.... any advice on what to do?

Thanks in advance

GT

They offered you freelance but you've advised on induction day you are changing the model. It's a bit late at that point. Who exactly did you advise? The finance people or the people giving you your induction?

I'm not surprised they've got an issue with it as they would have a whole different process for engaging with a business than a freelancer. Most companies do and PS is a nightmare.

Sounds like you've changed the goal posts at the wrong time and have not communicated this to the right people so you are stuck.

NAT's question is very key.
Leave a comment:
NotAllThere replied

13 July 2017, 08:52
Is the contract with you or with your ltd. company? As a director of a ltd. company, I seem to recall you have to go through self-assessment anyway.
Leave a comment:
GinnyT started a topic Difficulty with payment into my Ltd Co account

13 July 2017, 06:59
Difficulty with payment into my Ltd Co account

Hi from a newbie!

I have been working as an online tutor/marker for a training company for three months. The agreement is for self-employed, freelance.... I advised them on my induction day that I worked through a small Ltd Co and they were fine with that. After non-receipt of payment due, I queried with their finance department, who now tell me that they cannot pay my Ltd Co due to some clause with the colleges about contracting with private companies (!?) so I must provide them with my personal bank details. This was not mentioned before and is not explicit in any formal agreement I have with them. I have no desire to go through the whole self assessment rigmarole for this pretty paltry amount of money.... any advice on what to do?

Thanks in advance

GT
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