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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...
