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Where Taxpayers and Advisers Meet

Search found 633 matches

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by GlobalTaxAdviser
Mon Jan 26, 2015 1:13 am
Forum: Income Tax
Topic: Tax on Income Remitted to the UK when Abroad
Replies: 1
Views: 527

Re: Tax on Income Remitted to the UK when Abroad

Hi Depends if you are trading or not and when you left the UK (if you were considered as resident). Anyway will be covered by your personal allowance if you had no income. Though I doubt HMRC are going to be bothered by £200. Though it probably need to be declared in the country you currently live K...
by GlobalTaxAdviser
Mon Jan 26, 2015 12:56 am
Forum: International Tax
Topic: Withholding tax for video game royalties.
Replies: 7
Views: 1638

Re: Withholding tax for video game royalties.

Hi 25% tax relief for production costs came into effect last year for UK Video Games companies. The criteria is very strict and only for games that pass the UK cultural test. You will also need to get a certificate but this will not apply to you if you are based overseas. You don't mention the count...
by GlobalTaxAdviser
Sat Jan 24, 2015 12:20 am
Forum: Business Tax
Topic: Selfemployed fitness trainer - expenses/capital allowances
Replies: 2
Views: 1290

Re: Selfemployed fitness trainer - expenses/capital allowanc

None of these expenses would be allowed You can claim pre-trading expenses as long as its exclusively for the trade and in preparation from the time you are about to trade. Some of theses expenses are not exclusively for the trade and probably brought them for own personal benefit and then hope to u...
by GlobalTaxAdviser
Thu Jan 22, 2015 11:09 pm
Forum: General
Topic: Claiming Expenses
Replies: 1
Views: 1002

Re: Claiming Expenses

Hi

No you cannot deduct as paying fees to an agent(or website) to file your tax return is not tax deductible

Kind Regards

Sash
by GlobalTaxAdviser
Tue Jan 20, 2015 6:44 pm
Forum: Income Tax
Topic: Income Tax Due on Overseas Share Scheme
Replies: 1
Views: 622

Re: Income Tax Due on Overseas Share Scheme

Hi Ian On your questions If the Share option scheme is approved by HMRC then no income tax or NIC is payable. Sometimes a US parent may get a scheme approved for its UK employees under its UK subsidiary though it may not be the case here. If its not approved then income tax and NIC is payable on the...
by GlobalTaxAdviser
Thu Jan 15, 2015 9:14 pm
Forum: Income Tax
Topic: Bringing 'profit' forward to use personal tax allowance
Replies: 2
Views: 573

Re: Bringing 'profit' forward to use personal tax allowance

Hi You cannot bring the profits forward Any loss can be carried forward or utilised against previous years taxable income (which includes employment income) I would suggest you do get the first year accounts reviewed by an accountant as they maybe able to find other trading expenses which can increa...
by GlobalTaxAdviser
Tue Jan 13, 2015 11:21 am
Forum: General
Topic: Dual Resident - Which Country Do I Bill From?
Replies: 5
Views: 1665

Re: Dual Resident - Which Country Do I Bill From?

Hi Andy

I would invoice from the UK if you are resident in the UK and all your clients are from the UK

Kind Regards

Sash
by GlobalTaxAdviser
Mon Jan 12, 2015 11:20 pm
Forum: General
Topic: Dual Resident - Which Country Do I Bill From?
Replies: 5
Views: 1665

Re: Dual Resident - Which Country Do I Bill From?

Hi Andy The VAT rules have changed from 1st Jan 2015 in relation to supplies of broadcasting, telecommunications and Electronic Services. With limited information about the services you offer, I am not sure if this affects your business. Basically the place of supply is where the customer is based a...
by GlobalTaxAdviser
Mon Jan 12, 2015 5:32 pm
Forum: Property Taxation
Topic: husband/wife advise
Replies: 4
Views: 995

Re: husband/wife advise

Hi

I certainly would register the property in both names from a income and capital gains tax perspective.

Kind Regards

Sash
by GlobalTaxAdviser
Mon Jan 12, 2015 11:14 am
Forum: Income Tax
Topic: UK Sole Trader. Living Abroad in the EU.
Replies: 4
Views: 1437

Re: UK Sole Trader. Living Abroad in the EU.

Hi Andy

If you are controlling a business from Finland then possibly under Article 4 of the Finland - UK Double Tax Treaty as the place of effective management is in Finland you may well have to pay tax on the UK profits

Kind Regards

Sash

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