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Where Taxpayers and Advisers Meet

Search found 433 matches

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by RMC
Sat Nov 10, 2018 12:00 pm
Forum: Income Tax
Topic: Work from home abroad rules
Replies: 6
Views: 1662

Re: Work from home abroad rules

Generally, residency rules in UK-Jordan DTA can overrule those in DRD3. Both available online.
by RMC
Wed Nov 07, 2018 11:50 pm
Forum: Income Tax
Topic: Work from home abroad rules
Replies: 6
Views: 1662

Re: Work from home abroad rules

You can elect to pay Class 2 - but only if you worked in the UK immediately before leaving, and you’ve previously lived in the UK for 3 years in a row and paid 3 years of contributions. This may help with your State Pension entitlement if you have fewer than full 35 years of UK NIC. See www.gov.uk/v...
by RMC
Wed Nov 07, 2018 11:40 pm
Forum: Income Tax
Topic: Partnership tax return help needed
Replies: 6
Views: 869

Re: Partnership tax return help needed

If one or both businesses were transferred to the partnership, then they would have ceased trading at the date it or they have done so. If you transferred only one business to the partnership and the other continues, then the first one ceased trading at the date it ceased trading, whilst the continu...
by RMC
Sun Nov 04, 2018 8:12 pm
Forum: Income Tax
Topic: Work from home abroad rules
Replies: 6
Views: 1662

Re: Work from home abroad rules

1 Yes
2 No
3 365 - 366
4 Depending on the tax rules in your home country (check with the local tax authority or your local accountant), you may be able to deduct from your profits the cost of business journeys to the UK incl. accommodation.
by RMC
Sun Nov 04, 2018 8:03 pm
Forum: Income Tax
Topic: Partnership tax return help needed
Replies: 6
Views: 869

Re: Partnership tax return help needed

Simple:
On your personal tax return you should declare our self-employed businesses should declare profits up to the dates of cessation, if that took place.
Both you and your wife should also declare on the partnership pages of your personal tax returns your respective shares of partnership profit.
by RMC
Fri Nov 02, 2018 4:14 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Refund of Class 2 NIC that was paid VOLUNTARILY is being refused
Replies: 3
Views: 1538

Re: Refund of Class 2 NIC that was paid VOLUNTARILY is being refused

Sorry, did not read the whole of your query. Did you try to apply on the form at
https://www.gov.uk/claim-national-insurance-refund/y
?
by RMC
Tue Oct 30, 2018 12:00 am
Forum: Income Tax
Topic: Late self-employment registration; NIC and trading allowance
Replies: 1
Views: 528

Re: Late self-employment registration; NIC and trading allowance

a) She won't get fined if se registers now.
b) Yes.
by RMC
Fri Oct 19, 2018 4:30 pm
Forum: Company Taxation
Topic: Drawing money from Ltd company as interest
Replies: 3
Views: 7339

Drawing money from Ltd company as interest

H&W company’s DLA was almost £100,000 in credit. They wish to benefit from the savings allowance and receive interest on the loan. The loan is not really needed – money is parked in the company bank account. What interest rate can they pay without fear that HMRC re-classify it as earnings? Interest ...
by RMC
Mon Aug 20, 2018 11:03 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Government gateway service for employers
Replies: 1
Views: 1082

Re: Government gateway service for employers

Not changing your contact and security details should teach the young man his place!

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