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Where Taxpayers and Advisers Meet

Search found 69 matches

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by Yiannis17
Wed Nov 06, 2019 5:24 pm
Forum: International Tax
Topic: Buying the shares in an overseas company
Replies: 1
Views: 648

Buying the shares in an overseas company

Afternoon I have a situation where a UK resident company is purchasing 100% of the shares of a company based in the BVI. The BVI company is a holding company for assets held in the UK. I am completely lost as to the issues I need to consider and would like some help. I am not sure as to the consider...
by Yiannis17
Tue Oct 15, 2019 11:38 am
Forum: International Tax
Topic: Overseas self employment
Replies: 1
Views: 9773

Overseas self employment

Hello

If someone is normally UK resident but they are given a three month work opportunity to work abroad on a self employment basis, will that work need to go on his tax return?

Thanks
by Yiannis17
Tue Oct 08, 2019 4:24 pm
Forum: International Tax
Topic: Non residency and time in the UK
Replies: 1
Views: 4481

Non residency and time in the UK

Afternoon I have a client who had to leave the UK and work abroad so he became non UK resident. His family still live in the UK and he comes back regularly to visit them. He recently returned to the UK and chose to have his operation here as opposed to the currently he is currently resident in. He s...
by Yiannis17
Thu Sep 05, 2019 7:58 am
Forum: International Tax
Topic: Remmitance of money to the UK
Replies: 1
Views: 4458

Remmitance of money to the UK

Morning I have a European individual who has moved to the UK with his wife who is working here. He moved last September and has yet to find employment here. He wishes to remit funds to the UK from his country every quarter. He has yet to register for a UK tax return. The monies that will be brought ...
by Yiannis17
Tue Aug 20, 2019 3:36 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Tax on compensation payment
Replies: 1
Views: 9338

Tax on compensation payment

Afternoon I have a complicated situation here whereby someone became non resident for about 4 tax years from 2014 and worked abroad for a UK company in the middle east. He was paid by the UK company into his bank account in the middle east. The duties where always performed abroad. However, in one o...
by Yiannis17
Thu Aug 08, 2019 3:16 pm
Forum: VAT & Excise Duties
Topic: Vat on Sponsorship
Replies: 2
Views: 10105

Vat on Sponsorship

Afternoon I appreciate that there is normally Vat on sponsorship even though in this case the client states that the sponsor will not get anything out of it except for business exposure. if the event is happening in the UK and the sponsors are based overseas, will vat still be chargeable? Thank you
by Yiannis17
Fri Jul 26, 2019 10:47 am
Forum: VAT & Excise Duties
Topic: Vat on rental income from Airbnb
Replies: 1
Views: 9829

Vat on rental income from Airbnb

Morning

I understand that rental income received is exempt from vat. If a business runs the letting of flats, through airbnb, so for short term lets, does this fall under holiday lettings and VAT notice 7093?

Thank you
by Yiannis17
Thu Jun 27, 2019 9:56 am
Forum: International Tax
Topic: Cleansing Income/Capital
Replies: 2
Views: 6346

Cleansing Income/Capital

Morning

Once an individual is in the UK, who is UK resident, but Not UK Dom, is it difficult to prove that monies brought in from Europe is capital? I have a chap who has transferred 30K in some time after arriving.

And what would the position be with his tax return?

Thank you
by Yiannis17
Tue Jun 04, 2019 9:36 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Remittance charge, Resident but Non dom
Replies: 7
Views: 2332

Re: Remittance charge, Resident but Non dom

Apologies to go on about this one.

If remittance basis is claimed for someone who has only been resident here for two years, do they lose their personal allowance?
by Yiannis17
Mon Jun 03, 2019 2:30 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Remittance charge, Resident but Non dom
Replies: 7
Views: 2332

Re: Remittance charge, Resident but Non dom

Thank you.

HMRC have picked up that they had overseas income. Does this need to be declared in the tax return? I was under the impression that they had to be resident 7 out of 9 for this to apply.

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