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Where Taxpayers and Advisers Meet

Search found 45 matches

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by Milbo
Thu Sep 29, 2011 3:43 pm
Forum: Capital Gains Tax, CGT
Topic: Company Secretary and Entrepreneurs' Relief
Replies: 4
Views: 1129

Company Secretary and Entrepreneurs' Relief

Just one to throw out there and I'm sure(ish) that the answer will be yes. Given that there is no longer a legal requirement for a company to appoint a company secretary, can we still rely on that post to be treated as an 'office' for the purposes of Entrepreneurs' Relief? To quote ESM2503: The foll...
by Milbo
Fri Mar 25, 2011 10:29 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Class 1 NIC & Employers credit card
Replies: 5
Views: 1403

Re: Class 1 NIC & Employers credit card

Again thank you Matt,

Goodness knows what will happen when the Coalition plans to merge the two taxes have been finalised.

The taxpayer will not be the one to benefit for sure!

regards,

Mark
by Milbo
Mon Mar 21, 2011 9:46 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Class 1 NIC & Employers credit card
Replies: 5
Views: 1403

Re: Class 1 NIC & Employers credit card

Many thanks Matt.

The paragraph at the foot of NIM02195 appears to advise employers indirectly how it is possible to make arrangements with a retailer to ensure that a liability to Class 1 NIC is avoided on purchases of a personal nature.

Or am I misinterpreting this!
by Milbo
Thu Mar 17, 2011 5:01 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Class 1 NIC & Employers credit card
Replies: 5
Views: 1403

Class 1 NIC & Employers credit card

A company has suggested giving a key employee a company credit card on which he can purchase private items. Clearly there is a taxable benefit however the NIC position has me confused. The guidance at the NIC manual (NIM02090) suggests that so long as the rules therein are applied then no Class 1 NI...
by Milbo
Tue Jan 11, 2011 4:31 pm
Forum: Income Tax
Topic: Overlap relief
Replies: 1
Views: 571

Overlap relief

More of a comment than a query. Overlap relief is given where there is a permanent discontinuance or change of accounting date. I have a client, a partner in a profeesional practice, who has sold 30% of his holding to his fellow partners so instead of receiving 40% of profits he will receive 10%. A ...

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