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We are currently dealing with an enquiry case involving a sole trader paying wages and employer's pension contributions on behalf of his wife who is employed in his business.
We have come to an agreement with HMRC as to what a justified salary package would be for the role and duties performed. The total salary originally claimed was approximately £4,500 and the total of the employer's pension premiums was approximately £3,000. As a compromise, it has been accepted that the total allowable wages/pension should be restricted to approximately £6,000.
We are currently dealing with an enquiry case involving a sole trader paying wages and employer's pension contributions on behalf of his wife who is employed in his business.
We have come to an agreement with HMRC as to what a justified salary package would be for the role and duties performed. The total salary originally claimed was approximately £4 500 and the total of the employer's pension premiums was approximately £3 000. As a compromise it has been accepted that the total allowable wages/pension should be restricted to approximately £6 000.
Subject to a notional deduction for what HMRC believe to be the maximum amount of employer's pension contributions allowable they are now attempting to assess the difference between the £6 000 and the notional pension sum to PAYE and National Insurance. This is then being related back to earlier years. We have asked them to...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
