New Client

Moobag

I have just been approached by someone who is in arrears with there tax returns. He is a self employed contractor who has had 20% deducted at source, however he hasn't filledin a tax return for a couple of years.

Just wondered where to start?

I was going to produce his accounts as much as I could with the paperwork he has given me and submit each return seperately.

Any help greatly appreciated

Tiger

yes address it year on year.. but based on my experience it a tax investigation waiting to happen. I'd make sure that if you take this on you price it high enough for the head ache it will become once you've done it!

Monsoon

1. Letter of engagement, MLR, 64-8.
2. Get some payment from him up front.
3. Draw up the accounts as best you can - start from the beginning, use the bank as an anchor point and do what you can with the info provided. Has he got deduction statements?
4. Complete and submit 2 tax returns.

Once the 64-8 has gone through, you can look at his statement of account to be sure of what you're dealing with HMRC-side.

Good luck!

Moobag

Thanks for the help

I have had a payment up front which was nice, he is aware that it could be costly but realises that it is his own fault (there's a 1st!!!)

I have sent a 64-8 and will send out an engagement letter soon.

Will just cobble together something with theinformatin he has given me.

I have deduction statements so that does help!!!!!

Monsoon

Sounds like it's not nearly as bad as it could have been.

Remember you can't make a silk purse out of a sow's ear. We try our best but we can't work miracles

paulr

I have found out the hard way; I produced 3 sets of accounts but did not take a payment
up front as he was introduced by a contractor client and he has disappeared.

T.C.

Sounds like you have it all in hand - good luck!

A-Vic

Also you could write/ring HMRC asking for a copy of the last tax return submitted once the 64-8 has been processed