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  • RE: Confused as to what to pay

    I can't answer for the legalities (the government makes stuff up all the time), but if your income is 100% PAYE, it's pretty straightforward; you simply copy and paste your P60 into the applicable Self Assessment form. It's pretty easy and shouldn't take more than 10 minutes (although make sure you register a month prior, as it takes time to get the credentials).
  • RE: Intercompany transfer ( UK to EU) valuation method

    The simplest approach to report transactions to the GL and ensure you're appropriately balanced between subs is to use intercompany journal entries. You must apply the I/C method you just outlined if you have a legislative need for I/C transactions, such as arms length requirements for foreign subs, advanced tax obligations, or inventory transfers. You might be able to do away with the sales order/purchase order section and just submit I/C invoices and vendor bills instead.