View Full Version : P35 and P14
mark_hadfield
2nd March 2006, 13:38
All,
I received a letter in the post regarding these forms... and I haven't the foggiest what I need to do. My company is dormant - no monies going through it at all...
Help! :cry:
ridders
2nd March 2006, 14:20
we can have a look at it
Email us at ridwan@payrollexcel.co.uk and someone will get in touch
Cheers
Ridwan
KM-Tiger
2nd March 2006, 20:03
HMRC are a pain with this. I also have an (almost) dormant company, with no employees or salaries paid to the directors, but still I receive forms and even the new tax year's employer's pack!
I just return the forms to them with an explanatory letter.
If you registered as an employer you will receive these forms.
If you are not paying wages / salaries then your P35 will consist of all zero entries.
Subsequently your P60/P14's will consist of zero entries for each employee that your have told HMRC are working for you.
dcaccounting
3rd March 2006, 12:11
If you are not paying wages / salaries then your P35 will consist of all zero entries.
Sounds good to me.
Complete with zero's and return to the Revenue :wink:
Regards
Dean
mark_hadfield
6th March 2006, 07:29
Thanks All.
Toon
6th March 2006, 11:47
I came on this forum to ask a similar question. I am also wanting to fill out these forms but my company is trading (limited company). I have no employees other than myself and I pay the standard £2 NI fee every week. I do not pay myself a set wage but just withdraw what I need when I need it and obviously keep track of what i pay myself. Do I just put £104 for the total NICs on form P35 or do I put £0? I didn't think I needed to fill these out with working for myself.
Joyous
6th March 2006, 12:18
Hi Toon
As the director/shareholder of a limited company you are employed by your limited company. The £2 per week you’re referring to is payable by the self employed in unincorporated businesses.
Unless you have a healthy credit balance on a director’s loan account you should have been accounting for tax and NI on the payments that you’ve been making to yourself.
Regards
Joy
Toon
You may need to have a chat with an accountant about the requirements of limited company accounts.