P35 and P14

[mark_hadfield]

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]

we can have a look at it

Email us at [email protected] and someone will get in touch

Cheers

Ridwan

 

[KM-Tiger]

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.

 

[BMS]

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]

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]

Thanks All.

 

[Toon]

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]

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

 

[BMS]

Toon

You may need to have a chat with an accountant about the requirements of limited company accounts.