Quote:
Originally Posted by Shurm
The tax thing, I think the tax people give you guidelines on how much to pay each month and he basically said they had been been under paying it effectively and it eventualy catches up with you. He said the accounting side of things has now been improved and he said to me anyone was welcome to see the books  .
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No. A business such as Stanley should know exactly how much to pay each month - the source is the tax and NI tables provided by HMRC. Now, things can get a little more complicated when it comes to the bigger clubs and things such as testimonials, but even there -if it does apply to Stanley -then any possible liabilities should be accrued for. One of our major accountancy partnerships have published a paper on this and I have had a look through it but I cannot see where anything may apply to Stanley to allow for them to have under-provided in their Tax/NI liabilities. Have a look for yourself, if you fancy something to read to go to sleep by:
FAU PAYE and NIC