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Where Taxpayers and Advisers Meet

Search found 96 matches

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by simpsonite
Wed Jul 31, 2019 8:36 am
Forum: VAT & Excise Duties
Topic: Working dog/sheep dog
Replies: 4
Views: 2349

Re: Working dog/sheep dog

Hi robbob,
Thanks for your response.
I suppose the dogs could be eaten but i feel that is not the intent here :D

I was not aware of the differing vat treatment regarding the honey bee & bumble bee :shock:
by simpsonite
Wed Jul 31, 2019 8:29 am
Forum: VAT & Excise Duties
Topic: Working dog/sheep dog
Replies: 4
Views: 2349

Re: Working dog/sheep dog

PAYE as it's an employee. Plus an hour for lunch :D

:lol: :lol: :lol:
by simpsonite
Tue Jul 30, 2019 8:26 am
Forum: VAT & Excise Duties
Topic: Working dog/sheep dog
Replies: 4
Views: 2349

Working dog/sheep dog

Hi all,
Could someone clarify whether a sheep dog/working dog is exempt/zero or standard rated for VAT?

Thanks,
simpsonite
by simpsonite
Wed Nov 28, 2018 1:03 pm
Forum: Income Tax
Topic: Dental practice
Replies: 2
Views: 267

Re: Dental practice

So, an element of risk then with this approach if HMRC revisit - All of a sudden my client could be landed with a VAT problem down the road! A safer approach - Denplan private client work to ltd company & NHS to him personally as a sole trader. All expenses are invoiced to him personally , with payr...
by simpsonite
Tue Nov 27, 2018 5:08 pm
Forum: Income Tax
Topic: Dental practice
Replies: 2
Views: 267

Dental practice

Hi all, I have a dentist client who is about to start trading in practice. His income is made up of NHS work in addition to private client work. The approach was to incorporate - however, the NHS work cannot be transferred across to the company. My approach therefore is to subcontract the supply of ...
by simpsonite
Mon Oct 01, 2018 1:11 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on Chinese residential property
Replies: 1
Views: 317

CGT on Chinese residential property

Hi all, My Chinese client who is UK resident for tax purposes has sold her parents Chinese residential property to the Chinese authorities. She has confirmed that no Chinese tax was due because of the compulsory nature of the disposal. She will therefore be liable to UK CGT on this disposal. I am wo...
by simpsonite
Thu Oct 05, 2017 12:54 pm
Forum: Capital Gains Tax, CGT
Topic: Capital Gain arising while non-resident
Replies: 3
Views: 2964

Re: Capital Gain arising while non-resident

All of the gain is taxable when you become UK resident for tax purposes.
So in the tax year that you return - ensure the properties are sold before you become UK resident.
by simpsonite
Wed Oct 04, 2017 3:25 pm
Forum: Income Tax
Topic: Site based contractor paid via umbrella company
Replies: 1
Views: 17348

Site based contractor paid via umbrella company

Hi all, My client is a site based contractor. The contractor he worked for operated an umbrella company for payroll( The company did not reimburse for travel & subsistence). As such even though he might have worked at various sites I feel he is now caught by the new tax provisions for travel & subsi...
by simpsonite
Tue Jun 20, 2017 2:10 pm
Forum: Capital Gains Tax, CGT
Topic: Income tax allowance and CGT
Replies: 2
Views: 681

Re: Income tax allowance and CGT

.....except not all of the £73,400 gain is liable at 18%.
the element that takes her above basic rate threshold (32k for 16/17) is liable to the top rate of 28%.

so based on no other income £41,400 @ 28% = £11,592
£32,000 @18% = £5,760
by simpsonite
Tue Jun 20, 2017 12:48 pm
Forum: Capital Gains Tax, CGT
Topic: Hope value
Replies: 2
Views: 591

Re: Hope value

ok, thanks for your input.
Much as I thought.
Cases with "hope value" that I have dealt with have based around probate .


Thanks

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