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Where Taxpayers and Advisers Meet

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by darthblingbling
Fri Dec 27, 2019 11:41 am
Forum: International Tax
Topic: Foreign income internship
Replies: 10
Views: 1732

Re: Foreign income internship

Did you spend any time in the US in 2017 or 2016? If so, how many days in each year? Ultimately I'm trying to figure out if you're resident in the US as the during this period of US residency the income from this work could be exempt in the UK under treaty. If not you'd likely get a foreign tax cred...
by darthblingbling
Thu Dec 26, 2019 1:09 pm
Forum: International Tax
Topic: Foreign income internship
Replies: 10
Views: 1732

Re: Foreign income internship

You're also very very close to being classed as US resident. How many days did you spend in the US during that calendar year?

While in the US, did you keep a home available in the UK?
by darthblingbling
Tue Dec 24, 2019 1:03 pm
Forum: Income Tax
Topic: Marriage allowance exempt?
Replies: 9
Views: 1298

Re: Marriage allowance exempt?

Legislation simply says not subject to tax at a rate other than the basic rate (and some other bands relating to Scotland, savings and dividends). If your Gift Aid takes you out of higher rate tax then I would suggest you're eligible.

ITA 2007 s55B
by darthblingbling
Tue Dec 17, 2019 7:33 pm
Forum: International Tax
Topic: Help with Split Year Treatment and UK rental income for SA 2018/2019
Replies: 2
Views: 830

Re: Help with Split Year Treatment and UK rental income for SA 2018/2019

Going forward you may also still be eligible for one, even if you're not resident in the UK. So just be aware of this as it's something you need to claim on your tax return as a non resident. Typically you'll get one of you're an EU citizen or resident in a country that has a tax treaty that allows ...
by darthblingbling
Sat Dec 14, 2019 12:20 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Redundancy employer contribution
Replies: 4
Views: 856

Re: Redundancy employer contribution

The difference is effectively if paid in 19/20 the NIC on the ex gratia element is £0. If paid in 20/21 the whole ex gratia element will be subject to Class 1A NIC at 13.8% which is purely a cost to the employer.

How is the redundancy package structured?
by darthblingbling
Sat Dec 14, 2019 12:01 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Redundancy employer contribution
Replies: 4
Views: 856

Re: Redundancy employer contribution

New rules likely to come in force from the next tax year that means ex gratia payments will be subject to Class 1A NIC, so an additional cost to the employer.

On what grounds are they making you redundant?
by darthblingbling
Sat Dec 07, 2019 11:14 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Scottish complication with savings allowance & higher rate tax
Replies: 6
Views: 1331

Re: Scottish complication with savings allowance & higher rate tax

Exclusion list sorry yes, not exception haha.

Sorry I was typing that up on my phone while on the train.
by darthblingbling
Fri Dec 06, 2019 11:40 pm
Forum: Income Tax
Topic: Gift Aid carry back
Replies: 9
Views: 1438

Re: Gift Aid carry back

Yeah as mentioned earlier.

Only FTT tho, maybe you can take it all the way!

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