HMRC Admin 10 Response

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The answer previously given was in responce to your question.

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Please refer to Tax on your private pension contributions

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No. you will now need to send the SA109 by paper form to HMRC, PAYE & Self Assessment BX9 1AS.

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Foreign tax credit relief can only apply against the source of income that it relates to so in the case as it has been seen as a dividend it would go against your taxable income.

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It is for the directors to determine the correct tax position, with help from a professional tax accountant as appropriate.  

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If the company wishes to reimburse the director for expenses incurred, that is a matter for the company.  Yes, these should then be declared by the director in their personal return and a P11D submitted.  The expense to the company would be recorded in the profit and loss account and then adjusted as appropriate in the CT computations. In cases where expenses are paid on behalf of a majority shareholder, it would be necessary to determine that this expense would also be paid on behalf of employees who are not shareholders.

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Based on the information provided the company has shortened it’s accounting period from 31 July 2024 to 31 March 2024.  Assuming the company has already filed a return, accounts and computation to cover the period to 31 July 2023, the next return, accounts and computation will need to be filed to cover the 8 month period 1 August 2023 to 31 March 2024.  If you haven’t already, please update HMRC with the change to the company accounting reference date.  Guidance is available on our website at Accounting periods for Corporation Tax.

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Yes, those tax months/periods are correct. You may find this guidance page useful as it illustrates what tax periods/numbers to add to your payment reference when paying HMRC:Pay employers' PAYE. Please note, if you are paying your employees on a quarterly basis and do not pay any employees for full tax months within that quarter, you will still need to complete EPS to report a period of no payments. For example, you pay your employees in tax month 3 - you will need to send an EPS (period of no payments) for months 1 & 2 and then send your FPS in month 3.