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Where Taxpayers and Advisers Meet

Search found 8 matches

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by mehranmichail
Mon Nov 18, 2019 6:58 pm
Forum: Income Tax
Topic: Can a director of a company be sub contractor of his own company
Replies: 2
Views: 491

Can a director of a company be sub contractor of his own company

Hi
Can some one plz guide
Can a director of a company do business with his own company as CIS sub contractor, his company being contractor , and thus take payment from his company under both PAYE (as salary director) and as sub contractor payments from which his company deducts CIS as contractor?
by mehranmichail
Mon Sep 16, 2019 10:15 pm
Forum: Income Tax
Topic: Taxi business via ltd company but car owned by director/shareholder
Replies: 3
Views: 5287

Taxi business via ltd company but car owned by director/shareholder

Hi all, can any one guide please, Taxi business, one director limited Co. However, car is owned by himself the director /shareholder. My understanding is as follows ; 1. He , mean company, can't claim capital allowances for as car is not owned by company. 2. Not sure about running costs like repair ...
by mehranmichail
Fri Aug 23, 2019 6:36 pm
Forum: Business Tax
Topic: Tax requirements for US company
Replies: 2
Views: 12168

Re: Tax requirements for US company

Businesses established outside the EU If you are based outside the EU and supply digital services to consumers in the EU, the place of supply will be where the consumer is located. You’ll either have to: register for the VAT Mini One Stop Shop (VAT MOSS) in an EU member state register in each EU mem...
by mehranmichail
Fri Aug 16, 2019 6:15 pm
Forum: VAT & Excise Duties
Topic: Shall VAT be charged on entertaining potential clients from Korea
Replies: 3
Views: 12357

Re: Shall VAT be charged on entertaining potential clients from Korea

Thanks a lot for guidance. I was unsure, I thought under general rules of place of supply, vat is paid, in case of business customer, where the customer belongs. I thought the customer belonged to Korea as they were here in UK on business trip and had no business establishment's or fixed establishme...
by mehranmichail
Fri Aug 16, 2019 8:10 am
Forum: VAT & Excise Duties
Topic: VAT on print and online magazine advertising
Replies: 2
Views: 10878

Re: VAT on print and online magazine advertising

1. Firrst we need to see whether advertising is standard rated, zero rated or exempt. My research on topic says that advertising services is standard rated. General relief is available for charities. 2. Determine place of supply, where u make supply. If your supply is in UK, charge UK VAT, if your s...
by mehranmichail
Thu Aug 15, 2019 7:02 pm
Forum: VAT & Excise Duties
Topic: Shall VAT be charged on entertaining potential clients from Korea
Replies: 3
Views: 12357

Shall VAT be charged on entertaining potential clients from Korea

Hi can I any one guide A UK company incurs expenses on entertaining clients/customers from korea. Like expenses on meal, museum, boating, london eye. They company is providing consultancy services. Company wants to claim VAT on these expenses and wants to raise invoice against these and charge VAT o...

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