Gross payment status
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LynWest
Registered Posts: 122 Beyond epic contributor 🧙♂️
I have a client that we have just got gross payment status foe thankfully as trying to get HMRC to pay him his return has been a nightmare! anyway I digress!
My question is should I be aware of anything with him changing to gross. I take it now the only change will be that he will obviously be paid gross and he will still deduct his subbies at 20% but he will now have to pay this over to HMRC every ,month instead of offsetting it against his own deductions?!:thumbup:
My question is should I be aware of anything with him changing to gross. I take it now the only change will be that he will obviously be paid gross and he will still deduct his subbies at 20% but he will now have to pay this over to HMRC every ,month instead of offsetting it against his own deductions?!:thumbup:
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Comments
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Yes thats correct.0
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Thanks Carole0
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Don't forget to remind the client that he will need to put aside some money to pay for his tax bill, as he won't be getting refunds any more!0
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