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Where Taxpayers and Advisers Meet

Search found 4469 matches

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by section 44
Thu Feb 02, 2017 10:27 am
Forum: Income Tax
Topic: Child Benefit High Income Charge + Tax Code
Replies: 6
Views: 2894

Re: Child Benefit High Income Charge + Tax Code

Not looking for advise as such - more that the coding notice is correct. It might be. Its reasonable to assume that its correct based on the information you have provided. I suppose it might depend on what you mean by a coding notice being "correct". PAYE only deals with deducting tax from earnings...
by section 44
Thu Feb 02, 2017 10:22 am
Forum: VAT & Excise Duties
Topic: VAT and land sale
Replies: 1
Views: 687

Re: VAT and land sale

Unless I can avoid?)
Evade?

If you have charged VAT then that must be accounted for to HMRC. I'm slightly surprised that you think it might be optional - if so then wouldn't all businesses simply trouser the VAT and boost their turnover by 20%?
by section 44
Wed Feb 01, 2017 6:53 pm
Forum: Property Taxation
Topic: Husband owns rental property. Can wife be taxed for rental income?
Replies: 8
Views: 2400

Re: Husband owns rental property. Can wife be taxed for rental income?

In declaring a written trust, would it be sufficient to have a bare Express Trust? Yes Would HMRC accept this as evidence of beneficial ownership? Yes do I need to actually have a deed in place The written declaration of trust would need to be executed as a deed. through some lawyers? There's no re...
by section 44
Wed Feb 01, 2017 4:40 pm
Forum: VAT & Excise Duties
Topic: VAT inspection rejected Input Tax
Replies: 10
Views: 1665

Re: VAT inspection rejected Input Tax

but if you'd intended to make a zero-rated supply of the student accom then might the expenditure have been linked to that
by section 44
Wed Feb 01, 2017 2:59 pm
Forum: Property Taxation
Topic: Overpaid property tax
Replies: 5
Views: 1174

Re: Overpaid property tax

If they weren't registered as non-resident landlords, the agents would need to deduct BR tax from the rent they collected. If the tax deducted exceeds the tax due, they will have overpaid. Indeed but how does that explain: Our property was being fully managed resulting in us not filing any returns ...
by section 44
Wed Feb 01, 2017 2:56 pm
Forum: Property Taxation
Topic: Husband owns rental property. Can wife be taxed for rental income?
Replies: 8
Views: 2400

Re: Husband owns rental property. Can wife be taxed for rental income?

that the payment qualifies as a deduction against the rental income
How does he do that?
by section 44
Wed Feb 01, 2017 10:04 am
Forum: VAT & Excise Duties
Topic: VAT inspection rejected Input Tax
Replies: 10
Views: 1665

Re: VAT inspection rejected Input Tax

Unlikely, since the penalty is only 15% of the PLR. To the best of my knowledge penalties can only be issued for errors that are either careless or deliberate. I am not aware of Sch 24 FA 2007 providing for any other errors. not classified as a careless inaccuracy I interpret the above as meaning t...
by section 44
Tue Jan 31, 2017 5:57 pm
Forum: Income Tax
Topic: LLP - tax on contribution to legal fees
Replies: 1
Views: 1122

Re: LLP - tax on contribution to legal fees

surely everything that you get out of an LLP is really profit share, irrespective of how you might describe it (assuming that you aren't looking to argue that you weren't really a partner/member)?
by section 44
Tue Jan 31, 2017 5:51 pm
Forum: VAT & Excise Duties
Topic: VAT inspection rejected Input Tax
Replies: 10
Views: 1665

Re: VAT inspection rejected Input Tax

since this was not classified as a careless inaccuracy
so HMRC are saying that it was deliberate. Can you expand/provide further context?
by section 44
Tue Jan 31, 2017 5:49 pm
Forum: VAT & Excise Duties
Topic: VAT inspection rejected Input Tax
Replies: 10
Views: 1665

Re: VAT inspection rejected Input Tax

presumably the upper floors weren't student accom/for residential use prior to the works

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