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tax year
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MVL scenarios
Hi, Just got a couple of things I wanted to raise in regards to some MVL scenarios, and im interested in knowing peoples thoughts on both of them. You'll be able to figure out from these that Im one of life's worriers :-) What happens if someone starts the MVL process off now, and the...- ahspooner
- Thread
- assessment mvl tax year
- Replies: 4
- Forum: Accounting / Legal
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Deemed income calculation and pension cross FY
All, I am having a big dispute with with accountant about my deemed payment calculation. I have been trading since Feb 1st this year and am INSIDE of IR35. The issue: - my business received income prior to the end of March - I pay my pension directly from the business account - the DD being...- Tubazilla
- Thread
- deemed payment pension tax year
- Replies: 7
- Forum: Accounting / Legal
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B
Cash-basis of umbrella costing Tax-Free income
Hi Nice to meet you all, I've only been in the game for a short while, but I would like a few thoughts on whether Umbrella companies should or usually would use a cash-basis or an accrual-basis, for their accounts. Basically, I have worked for 2 months in the Tax year 17-18, invoiced the...- bobbygee
- Thread
- accrual cash invoices tax year
- Replies: 29
- Forum: Accounting / Legal
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Start before or after new tax year?
Hello! I'm new here and have made the decision to leave permanent employment to do some contracting (IT sector). I'm quite keen to get the ball rolling as soon as I can, but wasn't sure if it would be better to wait until April? I don't want to complicate the finances unnecessarily by starting...- Oldenburg
- Thread
- financial year tax year
- Replies: 5
- Forum: Welcome / FAQs
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Didn't pay myself any salary in 2013/14 - am I too late now or is there some grace?
Sorry, but searches didn't help. I started my company with my first shaky contract in May 13, long commute, low rate, but this has strengthened and ended the year in good form but very, very, busy. My leaving payment from last permanent position set me up so that I didn't need to pay myself...- bonebaker
- Thread
- nic salary tax year
- Replies: 9
- Forum: Accounting / Legal
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Overpaid Dividend
Hi All, My company tax year runs to 31 March. On the 2nd of April I figured it was a new year and paid myself a £27k dividend. My accountant has just advised me that this falls within the personal tax year which runs to 5 April. Effectively I have overpaid my allowed dividends for the year by...- Bratat
- Thread
- directors loan dividend overpaid tax year
- Replies: 14
- Forum: Accounting / Legal
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Best time ot invoice?
Hi, I formed my company in Dec 2011 and I pay a seperate employee a monthly salary - I have yet to pay myself anything. I was wondering if it makes any difference if I invoice before 5 April or not as I want to withdraw dividends for myself before 5 April tax year end (my personal allowance). I...- jubilee
- Thread
- corporation tax paye tax year
- Replies: 6
- Forum: Accounting / Legal
