Hi, I'm in a situation where I have paid income tax on salary earnt as director of my own company. The whole sum was put through as salary and no dividends.
My tax advisor has put this thought as a lump sum payment on my self assessment. I had started a payroll because I believed this was the only way I could do it but I was told that's not necessary as lump sum payments have been allowed since....I can't remember the figure.
He was surprised when I told him no national insurance contributions have been taken from this calculation and that they still are outstanding for the 20-21 tax year.
I'm worried that I'm facing heavy penalties for not having put the payment through PAYE. I keep pressing him for an answer but I'm not getting replies. This is the second advisor I've employed after a similar experience with the first who wouldn't reply until a week before deadlines.
I have not seen any evidence that what he is doing is valid and I'm very worried about the penalties I might be incurring.
Can anyone put me at ease?
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