I am applying for a T1 extension
I have income as a employee, but come up £5000 short for the 12 months.
I just registered with HMRC for self employee to raise the money.
My problem and questions arise because I need to apply for the extension now (within 2 weeks), and therefore I need to invoice and get paid now.
Can you comment on the following as being OK or not...
1)I registered sole trader with MY name, I will use MY regular bank cheque account.
2) I do not have the self employed UTR number yet. HMRC does have me registered 3 weeks ago. I asked and received a letter confirming this. (I do have a UTR for myself as a employed - assume different).
Along with this, I do not have a 'registration' number yet for class 2 payments. HMRC suggested (and I did this today) mailed them a cheque with my NI number and explanation for payment of first 2 weeks class 2.
I made copies and hope they deposit it within the week to show up on my bank statement.
I assume all this, like class 2 payment, needs to be in place BEFORE I receive income.
So when can I invoice?
If I need this £5000 by the end of April (2 weeks), I assume both invoice AND payment into my account need to be in April (or would they count a April invoice and May payment- the 13th month)
Thank you in advance to everyone. Good luck to everyone.
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