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.
- Donaldson v HMRC case being heard tomorrow! 617 6
- Unallocated client money 435 10
- What is going on with VAT applications?? 2,014 41
- Errors in prior year accounts 889 24
- Director forgot to take salary for 2013/2014 2,457 26
- Expenses Apps 258 5
- Do I need to report this to SOCA 2,698 25
- Have I dropped a major clanger? 558 10
- VAT & capitalising 159 3
- Final year's accounts 185 1
- Do I Need A Balance Sheet? 372 5
- Self Assessment Tax Return Penalties 328 5
- Entrepreneurs relief available? 328 7
- Filing FPS early with moneysoft 294 15
- Have we a distribution when we reduced our capital but it hadn't been registered? & tax implications in winding up 169 2
- What are options for non CA firm 2,001 36
- Invoice Help 268 7
- Summer evenings and ponderings of capital allowances 211 3
- Employee overpaid who has left 276 4
- Limited Company keeping receipts 262 3
- Proposed Amendments to IAS 1 627
- Property exchange - 8-year legal delay following fall-out 534
- SAGE Payroll Data for Import to MS Dynamics AX 299
- Cancelled 285
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- Probiz 180
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