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Where Taxpayers and Advisers Meet

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by darthblingbling
Sun Jun 28, 2020 1:05 pm
Forum: Income Tax
Topic: Split Year - UK Personal Allowance
Replies: 2
Views: 326

Re: Split Year - UK Personal Allowance

If your resident then you get a full PA, even if you also split the year.
by darthblingbling
Sun Jun 28, 2020 9:18 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: P11D Deadline passed. How to correct and return tax?
Replies: 10
Views: 747

Re: P11D Deadline passed. How to correct and return tax?

But do be aware that if it goes over £10k at any point during the year then there may be a taxable benefit to report on your P11D and the company's P11D(b).

This is separate to the s455 charge and often overlooked.
by darthblingbling
Wed Jun 24, 2020 1:30 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: P11D Deadline passed. How to correct and return tax?
Replies: 10
Views: 747

Re: P11D Deadline passed. How to correct and return tax?

Think this is where having a good accountant pays dividends
by darthblingbling
Fri Jun 19, 2020 12:10 pm
Forum: Income Tax
Topic: UK tax while working abroad during covid-19
Replies: 2
Views: 390

Re: UK tax while working abroad during covid-19

Definitely not an excuse, your employer does not want their employees inadvertently creating a taxable in the other country. Foreign Corporate tax, transfer pricing issues, payroll tax, statutory filing, maybe a bit of social security if there's no agreement with you UK. If it's an OECD country then...
by darthblingbling
Sat Jun 13, 2020 11:49 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Voluntary retirement offer from Employer - Tax & PensionImplications
Replies: 4
Views: 784

Re: Voluntary retirement offer from Employer - Tax & PensionImplications

As an aside, if the payment is in anticipation of your retirement, your employer really should seek advice to confirm that this would fall under the EFRBS legislation as this hurdle needs to be jumped (amongst others) before you can consider it to fall within s401 and get the £30k exemption.
by darthblingbling
Thu May 28, 2020 1:12 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Employee accommodation - heat & light
Replies: 4
Views: 363

Re: Employee accommodation - heat & light

Was thinking if this was just temporary accommodation under TWR rules then the utilities and such would actually be allowed. Not strictly an exemption as it's in the deduction section of ITEPA, but is treated as such if the employer is meeting the cost
by darthblingbling
Wed May 13, 2020 10:39 am
Forum: Income Tax
Topic: Paying Tax and NIC while working for German company from the UK
Replies: 6
Views: 675

Re: Paying Tax and NIC while working for German company from the UK

EEA rules will trump UK rules on SS to ensure it arises in only one EEA state. As he will be working in more than one member state for more than 5% of his time each, the employer will need to look at article 13 on EC 883/2004. This gets tricky as he doesn't yet have a residence in Germany yet but ob...
by darthblingbling
Wed May 13, 2020 8:13 am
Forum: Income Tax
Topic: Paying Tax and NIC while working for German company from the UK
Replies: 6
Views: 675

Re: Paying Tax and NIC while working for German company from the UK

If the intention is to work full time in Germany then EC 883/2004 art 13 may give Germany the sole right for social security contributions. This is kinda complicated by the fact that you don't actually have a residence in Germany yet nor have even worked in Germany. Have a read up on the guidance, a...

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