Welcome to the DAD.Info forum: Important Information – open to read:
Our forum aims to provide support and guidance where it can, however we may not always have the answer. The forum is not moderated 24 hours a day, so If you – or someone you know – are being harmed or in immediate danger of being harmed, call the police on 999.
Alternatively, if you are in crisis, please call Samaritans on 116 123.
If you are worried about you or someone you know is at risk of harm, please click here: How we can help
Hi, all first sorry it's my first post and I'm asking for info/help!
So I have an LTD company retail that is NOT going well for the last 2 years mainly because of Brexit and the downturn of retail.
However, let me state i'm 100% up for paying what is due no issues at all. But here is my problem:
in 2018 My partner wanted £900 a month from me for my 2 kids, I felt this was too much (we split in sept 2017) so she went down the CMS Route.
The CMS have taken my wages and dividends from 2016/2017 (April to April) but my problem is when i was With her in 2016/2017 the business was doing ok but since it's not doing well.
But the CMS will not take my wages and dividends for 2017/2018 into account only the 2016/2017 and these figures are very different. While all this is going on i am paying £350 per month to her but I should be paying £900 per month! So the CMS say.
Im due in a tribunal in a few weeks and they are asking me to prove my wages for 2016/17 but this will not help me as i do not earn that money any more £60k (2016/17) now £25k(2017/18) When i show them the tax return they will make me pay from the 2016/17 accounts. I just don't think that's fair?
Am i wrong?
Do you have an accountant? If so, I would have a word with them - they should have experience of CMS and can hopefully produce figures which will be necessary for CMS. I would think that anything that shows a reduction of sales between then and now will help, so they don't think you are just hiding income.
hi,
from my experience CMS would like last years tax return if your current year one is not ready. so even if they used the old one. they review your income every year. so you have right to ring them with your latest tax return and show them whether income has gone up or done compared to previous years tax return. so you should not be stuck with paying according to your 2016/17 records.
Welcome to the DAD.info forum.
We don’t like to set ‘rules’, but to make sure that you and the other dads are kept safe, we have some requests. When engaging with the forum, please be aware of the following:
- The forum is not moderated 24 hours per day.
- Many of the moderators do so on a voluntary basis. Whilst they may be able to provide some guidance, advice or support, they may not be able to deal with specifics.
- We are not an emergency crisis service so if you or someone else is in immediate danger, please call emergency services.
- If you are concerned about the safety of a child, please click here to find the support you can get for them (link to new page)
- If you are in crisis, please call Samaritans on 116 123. They are open 24 hours a day, 7 days per week.
We hope you find this forum a supportive environment and thank you for joining us.