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Where Taxpayers and Advisers Meet

Search found 25 matches

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by Cap_Scarlet
Fri Oct 04, 2019 10:51 am
Forum: Income Tax
Topic: Limited company ....am I going to have a problem?
Replies: 2
Views: 5122

Re: Limited company ....am I going to have a problem?

the most obvious problem is the "commerciality" of the remuneration package for you spouse , you can only claim a corporation tax deduction for salary and pension payments that are reasonable for the duties performed. So you are fine paying your wife and adding to her pension from the company but t...
by Cap_Scarlet
Thu Oct 03, 2019 11:10 pm
Forum: Income Tax
Topic: Limited company ....am I going to have a problem?
Replies: 2
Views: 5122

Limited company ....am I going to have a problem?

My wife and I are both directors of our limited company. The company has 3 shares. We each own one "A" share and additionally my wife owns a "B" share. I am the sole fee earner and my wife does the books. I don't take any money out of the company (I don't need it as I have income from other sources)...
by Cap_Scarlet
Sat Sep 14, 2019 2:46 pm
Forum: Income Tax
Topic: Claiming tax back from Germany
Replies: 0
Views: 8645

Claiming tax back from Germany

Having discussed with the UK tax authorities it seems that my German income is only taxable in the UK (I am UK resident). It is taxed at source in Germany and therefore I need to claim the tax back.

Does anyone know where I find the forms to claim back (in German)?
by Cap_Scarlet
Tue Jul 30, 2019 2:39 pm
Forum: Income Tax
Topic: [Another] Overseas tax question
Replies: 2
Views: 5508

Re: [Another] Overseas tax question

Depends, the German treaty is more complicated that others when it comes to the pension. Default position is it's taxed in country of residence only, so in your case: UK That is unless you satisfy sub para 3 which can get messy, in which case it would be taxable only in Germany. Would need a lot mo...
by Cap_Scarlet
Mon Jul 08, 2019 3:58 pm
Forum: Income Tax
Topic: [Another] Overseas tax question
Replies: 2
Views: 5508

[Another] Overseas tax question

In 2018/19 I had two sources of overseas income - both from Germany: 1. A regular early retirement / pension payment. 2. Irregular / consulting income. Both sources of income were taxed in Germany although I was physically present and resident in the UK during the whole of that tax year. I have read...
by Cap_Scarlet
Fri May 17, 2019 5:06 pm
Forum: Income Tax
Topic: Worldwide income in the middle east
Replies: 1
Views: 367

Worldwide income in the middle east

I may have an opportunity to work in the middle east in a way that I would establish residence and therefore any local earnings would be tax free.

Question: Does that apply to worldwide income? I have other income taxed at source from another country, can I claim the tax back?
by Cap_Scarlet
Wed Apr 17, 2019 4:47 pm
Forum: Income Tax
Topic: British resident in uk receive German Pension
Replies: 13
Views: 778

Re: British resident in uk receive German Pension

Another phone call to Germany revealed that I should wait for the German tax bill.
Does that mean that they are not deducting tax at source? Or do you mean you are also submitting a German tax return?
by Cap_Scarlet
Wed Apr 17, 2019 2:00 pm
Forum: Income Tax
Topic: British resident in uk receive German Pension
Replies: 13
Views: 778

Re: British resident in uk receive German Pension

Reading this: https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt7909 The key for me seems to be this: However, under Article 17(3) pensions paid to a United Kingdom resident will be taxable only in Germany where that pension is attributable in whole or in part to contributions which,...
by Cap_Scarlet
Wed Apr 17, 2019 12:38 pm
Forum: Income Tax
Topic: British resident in uk receive German Pension
Replies: 13
Views: 778

Re: British resident in uk receive German Pension

Sorry don't have an answer but wanted to follow as I have the same situation. Is the pension from Germany a state pension, a works pension or both. My understanding was that, assuming you are UK resident, then the German pension would be declared as part of your worldwide income. Then you would clai...
by Cap_Scarlet
Wed Apr 17, 2019 12:23 pm
Forum: Income Tax
Topic: Tax no remuneration - HMRC reaction?
Replies: 1
Views: 466

Tax no remuneration - HMRC reaction?

I have a limited company with two directors, myself and my wife. I am the fee earner for the company, and my wife is company secretary and accountant. I don't need to take any earnings from the company as I have sufficient income from other sources, however I am paying my wife and a salary as well a...

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