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.
- Where has Portia gone? 1,006 44
- deceased creditor 58 3
- Corporate member of LLP 254 1
- Investment company 252 6
- Error or mistake in CT return 317 1
- Penalty on dormant CT600 prior to trading 191 1
- HMRC computer behind the times 349 3
- Sage & IRIS Payroll Employee ID. Problem Using Old Ee ID's? 67 1
- Transfer of stock 349 12
- Holiday entitlement 537 10
- Benefit in kind calc, s.106 ITEPA 333 7
- HMRC manual ESSM 187 1
- Extension of lease in flat management company 249 3
- Football Agent Fees 730 23
- Tax avoidance - Doyou know of a better approval? 638 4
- Thoughts on revenue recognition 500 14
- Dir optimum salary 15/16 1,420 22
- Valuation of rental property for the new non-resident CGT rules 164 1
- Rogue Accountant 2,929 48
- Career advice for ex HMRC Inspector 1,733 35
- Services via intermediaries and new HMRC reporting requirements 777
- RTI - duplicate employee record 517
- Pensions Regulator 442
- How hard is it to reduce a code? 400
- Sage Vat return box 2 298
- Sanzar 297
- Digital marketing focus group 281
- How do you do it 266
- Report old income 232
- Kashflow balance sheet difference 232