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Where Taxpayers and Advisers Meet

Search found 66 matches

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by Yiannis17
Thu Sep 05, 2019 7:58 am
Forum: International Tax
Topic: Remmitance of money to the UK
Replies: 1
Views: 110

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: 958

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: 1394

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: 1325

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: 1329

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: 1093

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: 1093

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.
by Yiannis17
Mon Jun 03, 2019 1:22 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Remittance charge, Resident but Non dom
Replies: 7
Views: 1093

Remittance charge, Resident but Non dom

Hello

I have a situation where someone has been resident in the UK from mid 2016 and preparing tax returns since then. They are also non UK Dom.

Does the remittance charge still apply to them? If they investment income in a European Country which has not been remitted into the UK?

Thank you.
by Yiannis17
Mon Mar 18, 2019 8:15 pm
Forum: Income Tax
Topic: Penalties for self assessment
Replies: 1
Views: 213

Penalties for self assessment

Hi I wanted to confirm the situation regarding HMRC and penalties for the submission of tax returns. If someone files a'voluntary' tax return for previous years not requested by HMRC, my understanding is they not should be given a penalty. Interest yes on any over due tax. I have a situation now whe...
by Yiannis17
Mon Mar 11, 2019 10:27 am
Forum: International Tax
Topic: Non residency
Replies: 1
Views: 268

Non residency

Good morning If someone chooses to become non resident for a complete tax year and live in Australia but happens to be on gardening leave, will the income that she earns during this period be taxable in the UK. The person will not be working abroad at all. Visits to the UK will be minimal to non exi...

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