Recent content by dimakenag

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    Need an advice of PAYE RTI specialist.

    Thanks everyone for reply. I was asking more about HMRC policy indeed. My understanding is I can re-employ employee from 1st of November and claim CJRS for him since employee was on payroll on 23‌ September‌ 2020 and last RTI submission for him was made on 30th of October. So 2.4 from this HMRC...
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    Need an advice of PAYE RTI specialist.

    Hi, can anyone who knows how RTI work help? Due to CJRS was about to end, and company didn't had capacity to continue pay salaries beyond that an employee was made redundant and marked as leaver in FPS return for October on Friday. "Just in time" on Saturday new lockdown was announced and the...
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    Furlough, latest guidance

    Does anyone know if one of my employees was in paid annual leave from 1st of March can I claim grant for him from 1st of March if I furloughed him from 1st of March? Since he was on annual paid leave he wasn't doing any work anyway and as far as I know it is allowed for employees to be...
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    EU Services Received Reverse Charge Confusion

    Can anyone confirm that value of services supplied from EU to UK company under reverse charge should be also in BOX 6? So total BOX 1, BOX 4, BOX 6 & BOX 7 should be filled.
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    EU Services Received Reverse Charge Confusion

    Hello good people, here is the confusion I have after carefully reading HMRC notices about filling VAT return when reverse charge involved. VAT Notice 735 Paragraph 8.5 says: "Completion of your VAT return You must enter the output tax payable on purchases under the reverse charge in box 1, but...
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    Limited Company 1st Year Tax Return (12 months+) CT600

    MyAccountantOnline Thank you very much for explaining this. Can I ask you one more question. In Statutory accounts, do I need to disclose Directors' remuneration note and Employees note? I heard I don't need to disclose Employees note under small companies regime but need to disclose...
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    CT600 - Called up share capital

    No disadvantage to you, just debt to the company as far as I know, which should be paid up eventually.
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    Limited Company 1st Year Tax Return (12 months+) CT600

    I am glad you figured it out ;) Maybe you could help me in one small question. I have 2 employees - 1 director and 1 manager, both receive their salaries and I pay taxes for both. In CT600 computations there are 2 boxes in expenses Directors', employees and subcontractor costs: 1) Directors'...
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    Limited Company 1st Year Tax Return (12 months+) CT600

    Yes you would need to file second CT600 for the last 3 days because you already filed your first return for 12 month and CT600 can not be for a period of more than 12 month. What MyAccountantOnline was trying to say that if your company was dormant untill 01/07/2013 (which means no sales and no...
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    CT600 - Called up share capital

    Well my friend, I am in the same boat as you. I really hope some of the qualified accountants could explain this better, but as I understand Called up share capital' (AC70) should be £1000 (if each of your shares value is £1 each). But you also need to include £1000 in balance sheet as debtor or...
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    Limited Company 1st Year Tax Return (12 months+) CT600

    When did your company started business activity? Was it from the date of registration 28/05/2013?
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    CT600 - Called up share capital

    I am not accountant and I would like to hear the answer from accountant as well on this question. But in my understanding if the value of each of your shares is £1 each than you should enter £1000 in box AC70. Have you actually paid £1000 in the company bank account? Because if not this will be...
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    Postage to customers/Carriage Outwards - cost of sales or expenses?

    Ok thanks for your help.
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    Director's remunirations and Employees Notes in Accounts

    Ok, I am trying to file CT600 and accounts through HMRC Pdf software and I have one question. I have 1 director and 1 employee in the company, both received their salaries throughout the year and taxes for both have been paid. Now in statutory accounts there are 2 notes: Directors' remuneration...
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    Postage to customers/Carriage Outwards - cost of sales or expenses?

    Well not what I was helping to hear.
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