Is it fraud?

unforeseen

Which if any of those 2 conditions do you meet? Probably the same as me.

haras_nosirrah

David_White wrote: »

If there is a legitimate reason to change a tax return then there's no issue.

If however the above is the case then yourself and your Accountant are committing fraud as by definition you're lying to a lender about your income in order to pass affordability.

It isn't me - I am employed

A 16k change in income seems a rather large mistake to make on a tax return and would enhance affordability by quite a lot. Am somewhat suprised it is legal to do this

Time2go

If you have already taken the payment from the company the dividend voucher should have been done at the time. Unless you took t as a draw down from your directors loan account. (And you would have a taxable benfit if it was overdrawn).

There is conflicting views in the tax profession on tax efficient dividend planning and when this should be done (or whether it can be done). TBH if you have already submitted a tax return and then change it you are asking for trouble. The window to amend is due to mistakes or provisional figures not for changing your mind on money already withdrawn.

Neutrinno

unforeseen wrote: »

Which if any of those 2 conditions do you meet? Probably the same as me.

I'm not the one jumping in screaming tax fraud without actually know how it's tax fraud.

spadoosh

I very much doubt its tax fraud. How anyone can deduce that from 2 figures and about 8 lines of text is beyond me.

You dont know the compnay figures until year end. At which point the accountant usually assigns costs accordingly which will have an effect different than that of the day to day tax liabilities (things like applying depreciation, acquisitions etc). Bascially you dont how much you can take unitll you shouldve already taken it. Leading to situations like the OP where its suggested they give some earnings back in order to minimise the tax liability.

OP you dont need to inform the mortgage provider as far as im aware. You applied using accurate figures at the time. You can afford to pay the mortgage, there isnt an issue.

I did something similar a couple years ago. My OH went on maternity leave, i didnt tell my mortgage provider anything because i didnt have to. Our mortgage isnt affordable on a wage and an SMP wage. We did however save accordingly for it. Again a non issue.

Out of curiosity Mutton Geoff is all the tax legit on your charges reclaiming? Ie im guessing you or the banks sent off your tax liability for it?