The Book-keepers Forum (BKF)

Post Info TOPIC: I-PAYE


Veteran Member

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I-PAYE


A client of mine has some emplyment income through I-PAYE from Just Payroll & Umbrella Company(which has been taxed at source) from a Contractor even though he is Self- employed. Do I put these into the books and if so how, or do I leave them out compleatly?blankstare

Amy advice would be helpful.

Thannk yousmile



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Veteran Member

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This sounds like one of those tax avoidance companies.
Firstly, you need to check wether your client has been set up as a Ltd Co. by this company, that is the normal practice. If so, then any income paid is via the Ltd Co and the tax will still need claiming back. A complicated one, best left to the accountant.
You will still need to enter the income (gross) and show the deductions. These deductions will be used when compiling the S/A return at the end of the tax year.

I would suggest liasing with your clients accountant to see exactly how they want you to handle this.

Kind regards
Peter

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Guru

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I think your client is an employee of Just Payroll & Unmbrella Company, so that income would be placed under the Employment pages of his tax return.

Or is this under CIS for building works? What is his occupation? Is he a contractor under IR35?

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Veteran Member

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He is a carpenter.


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