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Where Taxpayers and Advisers Meet

Search found 28 matches

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by hendersontax
Fri Jun 21, 2019 12:54 pm
Forum: Professionals in Practice & Industry
Topic: Am I required to undertake customer due diligence under ML regs for low-value, one-off advice?
Replies: 2
Views: 9686

Re: Am I required to undertake customer due diligence under ML regs for low-value, one-off advice?

Thanks, Jim. I appreciate there is no difference between £1 and £1k as such - the judgment is interesting though as it discusses whether or not a "one-off, short-lived" transaction has the necessary "element of duration" (reg 4(1)(b)) to trigger the legal obligation for CDD under the regs - making t...
by hendersontax
Thu Jun 20, 2019 7:33 pm
Forum: Property Taxation
Topic: Garden plot with planning permission
Replies: 6
Views: 11424

Re: Garden plot with planning permission

Whether or not you will get private residence relief on selling part of the garden or grounds of a main residence will depend on what you are actually selling at the time you sell it - it must be "land which he has for his own occupation and enjoyment with that residence as its garden or grounds up ...
by hendersontax
Thu Jun 20, 2019 8:36 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Employee Based overseas over two years
Replies: 5
Views: 11621

Re: Employee Based overseas over two years

I too am in a similar situation. I have worked abroad feom June 2016 until may 2018, but have to file a self assessment for the 2016/17 as it was the last year I had my LTD company. Do I qualify for a partial tax year as I was on a NT tax code from when I left in June? You can't infer this just fro...
by hendersontax
Wed Jun 19, 2019 9:15 pm
Forum: International Tax
Topic: Living in Lisbon as a remote worker
Replies: 2
Views: 5792

Re: Living in Lisbon as a remote worker

And from a UK perspective you'll need to consider your UK tax residence status under the Statutory Residence Test (you can't assume that if you are tax resident in Portugal under Portuguese law then you won't also be resident in the UK - though if you are dual resident then the double tax treaty wil...
by hendersontax
Wed Jun 19, 2019 7:23 pm
Forum: Income Tax
Topic: Self-Employment Income Tax
Replies: 3
Views: 685

Re: Self-Employment Income Tax

I strongly recommend you seek advice on this. Your starting point should be that earnings for duties physically carried out in the UK will be taxable here regardless of your residence status, unless you have some protection under a double tax treaty. And as noted above it sounds like at some point y...
by hendersontax
Wed Jun 19, 2019 6:23 pm
Forum: International Tax
Topic: Turks and Caicos
Replies: 4
Views: 6355

Re: Turks and Caicos

If you have earnings for non-UK duties performed while non-resident in the UK, these will not be taxable in the UK irrespective of whether or not you send them to the UK during or after your contract. The only case where sending money back to the UK might be an issue is where you have earnings which...
by hendersontax
Wed Jun 19, 2019 5:37 pm
Forum: International Tax
Topic: Employment page or Foreign page?
Replies: 9
Views: 10236

Re: Employment page or Foreign page?

It doesn't sound like you will be eligible for split-year treatment in 2018/19 at all in your circumstances. If you were/are non-resident for each of 2017/18 and 2019/20 then split-year treatment is only possible where you start to have your only home in the UK for the rest of the tax year or you co...
by hendersontax
Wed Jun 19, 2019 5:09 pm
Forum: Professionals in Practice & Industry
Topic: Am I required to undertake customer due diligence under ML regs for low-value, one-off advice?
Replies: 2
Views: 9686

Am I required to undertake customer due diligence under ML regs for low-value, one-off advice?

Does anyone have any thoughts on whether customer due diligence is required where you are providing one-off, low-value (say <£1k) tax advice to a private individual, even if you are providing the advice online and having never met the client? Reading paragraph 68 onwards in https://www.bailii.org/uk...

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