Incorrect invoicing for tax purposes and cashflow

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Mark

• July 11, 2017 11:06
• Edited

What I'm looking at is an invoice for the total amount for work and have had deductions. So I've invoiced £x00 but have only received £y00

However if I receive funds into PPH and then some of these funds are put to other projects I should not have deductions.

Also I will need an invoice from PPH for fees and deductions. This is because my total fees have not been received into my account.

My limited company has been trading since 1994 and the way PPH sets out their invoicing and fees seems contrary to the way my accountant is going to expect and ultimately the inland revenue.

Surely PPH should engage with

1. self employed people and deduct tax

or

2. limited companies where they are liable for tax not on receipts but on profits.

Please advise on what I should present to my accountant.

 

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• Official comment

  

  Permanently deleted user

  • July 16, 2017 20:28

  Many thanks for your message.

  I have opened up a ticket for you with our customer support team and someone will email you soon.

  Please let me know if I can help you with anything else.

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