£2,000 Employer NI Allowance & Company Control
I am trying to figure out if a director has control of 2 different companies which means he could not claim the £2000 employer allowance for both companies:
The director has a 50% shareholding in company A (Other 50% owned by non related Director).
The director also has a 50% shareholding in company B (Wife owns other 50% in company).
Company B has made large loans to company A.
I am thinking the director would be classed as having control of company B (Since he owns 50% and his wife owns the other 50%).
I am also thinking he would have control of company A since he has a 50% shareholding in A plus company B has made loans to company A.
Do you think the director would be classed as having control of both company A and company B (So that I know he cannot claim employer NI allowance in both)?
If anybody could help it would be greatly appreciated
- VAT refund 292 3
- Are you going to Tick and Bash on 21 May? 1,262 37
- flat rate scheme 64 2
- Turnover on a tax return 524 12
- Company limited by guarantee having only 1 member 73 2
- incorrect old p60 550 15
- Company to buy shareholder land 88 4
- Deferred income - financial concern no recognised turnover CT600 177 1
- Posting Corp Tax to Sage Line 50 129 1
- Special dividends & CGT 194 1
- Director's Earnings when Drawing from Goodwill profit from Sole Trading Company sale to Ltd Company 174 1
- Networking 347 5
- Bank Interest Held by Solicitor During Divorce 272 2
- US company hiring UK citizens in UK 302 4
- Corrupt excel .XLSX file 151 1
- What VAT to reclaim on van purchased on HP? 331 5
- Professional coaching claimable? 281 2
- IT Contractor 283 1
- Sage instant account codes 199 1
- Mobile phones, directors of micro-companies 300 1