Separate names with a comma.
If your profit was 42.5k and you paid 10k in CIS then you should be getting a refund of more than £54
No it is worked out on profit, drawings are irrelevant
If for tax relief purposes and it qualifies for CA then yes
You have had 9 months to sort this out!
And leave until now, crazy
Get your accountant to submit amended tax returns to include the additional income
No, you can still get the tax year overview on the HMRC site I downloaded one on Saturday
I would say no need to operate CIS as you are the client and they are the Contractor, if you were to operate it you may well have the scenario...
Impossible to say from the little information you have provided.
Yes, in your monthly payroll as long as you are a Ltd Co
Tell us more about the transaction, transaction of what and who is it between?
Penalties of errors are usually charged as a % of any additional tax that is due, which depends on the reasons for the error
I usually advise my clients to wait until it shows on their HMRC account, but you can pay it anytime using your UTR
If you are due a repayment of CIS tax at the end of the year then you can ask HMRC to use this to pay your CT
I agree with Newchodge
Income - expenses and then split the profit 50/50