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Post Info TOPIC: Not registered as employer
Meadowlands


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Not registered as employer
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I have just been approached by a potential new client who has got himself in a bit of a pickle.  He is the sole Dir of a Ltd company and has been paying himself and his wife each month (she is below the threshold).  He thought he was self employed so didn't register as an employer with HMRC and therefore hasn't been paying any tax etc but he has just realised that he should have been registered with the SA deadline looming

Can anyone suggest what his course of action should be, he is aware there are going to be fines involved but I can't find any information on it anywhere having searched on line.  

I am meeting him to discuss putting his company accounts in order but he needs to sort the PAYE situation out ASAP

 

All advice gratefully received - I know everyone is busy

 

thanks

Alison



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Alison - Simply Balanced Solutions
MarkS


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Hi Alison

Cant you just put the "wages" to directors loan account, get them registered as an employer and treat properly as wages going forward.

After all if they arent registered as an employer how can they have paid a "wage"?

May be some S419 (still prefer the old school reference) at the year end but probably better that non-employer registration issues.

Mark



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
RobH


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Or...register now and play catch up, ie just submit late. There is a soft landing for RTI this year so all should be ok. Possibly best to put the director on a basic £641 if applicable and put rest to dividends if any allowable or DLA. Might still get a S455 (I'm so modern Mark!!) if not enough profit after tax to cover the dividends.

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Rob
www.accounts-solutions.com
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