UK Company trading globally
Shareholders One UK National 50% : One Australian 50%
Company provides IT services around the globe
1. Remuneration ' it is proposed to pay salaries in uk.
UK director seems straightforward but what if he is absent for more than a tax year.
What is the Australian's tax situation if he does/ doesn't visit UK?
2.Expenses ' what is the situation regarding expenses while outside the UK?
It has been suggested that a tax-free allowance of £60 per Diem had been agreed when in a previous employment. Is this just a matter of negotiation with local tax office?
There will inevitably be a lot of airfares / hotel accommodation / subsistence as the business is carried out in short assignments around the world.
3. VAT ' presumably any input tax paid in UK eg on leased computer equipment etc can be reclaimed.
What about output tax.
Any other complications?
I am clearly going through the reference books and don't expect all the answers on a plate but any info / warnings would be very much appreciated.
- The stupidity continues 261 9
- qualifying for 1/9th tax credit on foreign dividend 129 2
- HMRC & daft penalty 2,357 19
- Limited company director - other earnings in the tax year 86 1
- Overlap relief 742 19
- What is IRIS World like? 336 8
- Pension contributions 348 10
- Offsetting CT losses against another company 109 4
- Do you have to declare business expenditure on a personal credit card on your P11D? 468 11
- Do you use sign up lists on your website 151 1
- CIMA at the age of 35?? 445 9
- Land Rover Discovery 3.0 SDV6 255 Comm Auto 2 seat 262 6
- Setting up PAYE scheme without UTR 253 8
- Free project management software with Gantt charts, preferably on-line 201 1
- Share transfer question 327 16
- If you've had any issues posting: Please read this 553 10
- New Employers Helpline 152 3
- Budget 2015 - take two 216 3
- CIS Contractor has not issued tax deduction certificate to client 208 4
- VAT Query 213 2
- Has anyone been affected by the RBS payment breakdown? 433
- Straight line write off of Purchase Goodwill ??? 426
- WIP Software 291
- FRS 102 compliant illustrative accounts for an insurance company 286
- CGT, PPR and transfer of equity to spouse. 224
- No payroll scheme in place 223
- Software recommendations 212
- Do subcontractors on work for residential (student accomodation) construction 202
- Is there anything wrong with this? 195
- Small Part Disposal of Property 176