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Where Taxpayers and Advisers Meet

Search found 1818 matches

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by wamstax
Mon Mar 11, 2019 1:45 pm
Forum: Business Tax
Topic: Limited company vs sole trader status?
Replies: 4
Views: 104

Re: Limited company vs sole trader status?

You say that you’re vat registered by choice which would suggest that your turnover (& even possibly profits) is less than the current VAT registration limit. On that basis I would question the actual financial benefits to you from such a move taking into account not only the tax benefits but the ex...
by wamstax
Sun Mar 10, 2019 11:34 pm
Forum: Company Taxation
Topic: offshore company or not
Replies: 2
Views: 74

Re: offshore company or not

Hi there
The offshore company may not be an offshore company for U.K. tax purposes.
If any worldwide company is controlled in the U.K. and therefore resident in the U.K. for Corporation Tax will be just as exposed to a U.K. Tax liability as any U.K. company
by wamstax
Sat Feb 23, 2019 10:46 pm
Forum: Business Tax
Topic: Best company structure for Legal Tax Avoidance - New Company
Replies: 4
Views: 225

Re: Best company structure for Legal Tax Avoidance - New Company

Wouldn’t post it on a public forum that HMRC scans now and again
by wamstax
Thu Feb 21, 2019 2:09 pm
Forum: Capital Gains Tax, CGT
Topic: When do I realise my cgt gain
Replies: 2
Views: 148

Re: When do I realise my cgt gain

As regards CGT the date of disposal of any asset is generally the date an unconditional contract for disposal of the asset is entered into and the date of completion or date the cash received is not relevant
by wamstax
Mon Feb 04, 2019 6:19 pm
Forum: Tax Investigations and Enquiries
Topic: Ability of foreign, non-EU, jurisdiction to recover unpaid income taxes after 6 years has elasped
Replies: 6
Views: 349

Re: Ability of foreign, non-EU, jurisdiction to recover unpaid income taxes after 6 years has elasped

You need to have a look at the respective Double Taxation Agreement and the equivalent of the MARD (please google it) procedures
by wamstax
Fri Feb 01, 2019 5:37 pm
Forum: Tax Investigations and Enquiries
Topic: Self assesment late registration penalties
Replies: 4
Views: 212

Re: Self assesment late registration penalties

She needs to take advice and determine if she was previously asked to file a return and if not under what legislation are they seeking to penalise her with a fine. Merely being a director does not require registration for SA and this needs careful consideration. Also possibility of reasonable excuse...
by wamstax
Thu Jan 24, 2019 10:55 pm
Forum: Tax Investigations and Enquiries
Topic: Compliance Check Scope
Replies: 1
Views: 192

Re: Compliance Check Scope

Clearly YOUR LTD company bank account is within your control and could therefore be requested if this was a reasonable request to review your personal compliance check. Assuming it was a reasonable request in relation to your personal compliance check then it would be in your power and possession to...
by wamstax
Thu Jan 24, 2019 10:26 am
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 261

Re: Property capital gains tax

Capital Gains are not earnings but best to check it out.
by wamstax
Thu Jan 24, 2019 9:56 am
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 261

Re: Property capital gains tax

My view from what you have said is unfortunately no PPR relief nor lettings relief
by wamstax
Wed Jan 23, 2019 5:07 pm
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 261

Re: Property capital gains tax

You might care to look at Tribunal decisions such as http://financeandtax.decisions.tribunals.gov.uk//judgmentfiles/j10729/TC06767.pdf Where you might see what I mean

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