unpaid invoice payroll delayed -warning of penalty from HMRC

[gmaz]

I am a 1 person IT consultancy Ltd company waiting on payment of an invoice from early March. Until I get this invoice paid, I am unable to run payroll via Quickbooks, which does the FPS submission to HMRC.

So, can I run the payroll before I get the invoice payment into my business bank account? It should arrive in the next few days.

I got a warning message today from HMRC that the payroll is late and they will issue a penalty, if it is not done before the 19th

[gmaz]

Eric Mc said:

Why can't you run the payroll?

Why is it dependent on a customer paying your company?

Basically there is not enough balance in my business account to cover my salary of £758. I contract to 1 company and invoice them on a month by month basis.

[gmaz]

ConnectionError said:

Can you not run payroll, and then pay your self when funds allow?

That's what I'm asking

[gmaz]

Mr Pointy said:

If only you had some other customers...

<Liam Neeson voice> I have a very specific set of skills

[gmaz]

Giantt said:

But not £785 in the bank?Not much of a business to be ltd?

I'm semi-retired, just providing ad-hoc support for a legacy application until it eventually gets replaced.

trickywoo said:

You should think about paying yourself 1047.50 a month now as you’ll save about £200 a year despite having to pay about £400 in employer NI.

See above, sometimes my monthly invoices are less than £1K a month.