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Where Taxpayers and Advisers Meet

Search found 3 matches

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by taxz
Sat Oct 12, 2019 11:06 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: VAT invoice for sub contractor inside IR35 public sector
Replies: 1
Views: 8766

VAT invoice for sub contractor inside IR35 public sector

I have a subcontractor who will be working for my public sector client inside IR35. The subcontractor wants to paid via his limited company, and we will consider his company a supplier and have a contract between us, even though he's considered an employee for tax and NI purposes. We understand that...
by taxz
Fri Jul 05, 2019 5:19 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT in relation to tax avoidance and settlement
Replies: 2
Views: 5659

Re: IHT in relation to tax avoidance and settlement

"In my case, IHT adds ca. 34% on top of the tax bill arising from settlement" Are you certain about this? I am not particularly familiar with the loan charge issues but usually the exit charge on a distribution from a discretionary trust is max 6%. Yes I am 100% sure. I can show you HMRC's calculat...
by taxz
Thu Jul 04, 2019 12:17 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT in relation to tax avoidance and settlement
Replies: 2
Views: 5659

IHT in relation to tax avoidance and settlement

I used contractor loan schemes for a few years, and now hoping to settle with HMRC. No problems there. Loans are promised to be interest free and will never be recalled. I have however, from reliable source, been recommend to have the loans written off and as a result pay IHT. The reason given was t...

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