Confirmed

Yup those were boxes of P45s the fact that the delivery man had to go up and down the stairs multiple times gives me an indicator that there are bad times ahead. I'm worried to be honest in that I wonder when my P45 will arrive as our clients are doing so little trade we simply can't justify sending them large bills. Everybody is tightening their belts.

But in other news today I've been reducing payments on account for HMRC for quite a while, in that taxes paid on Jan and Jul 31st are determined by last year's results as an estimate. If they are above last years you have a balancing payment at 31st January. If you have too high an estimate or your turnover falls off a cliff you reduce the payments on account.

I've universally had to reduce payments on account for EVERY client I've worked on, I can look back and see trends of falling turn over for a given period of time. It all looks bad.