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.
- Limited Company - Personal Bank Account 2,267 40
- Entrepreneurs' relief for trustees - receipt of rent 127 3
- Paint Manufacturer Flat Rate Scheme 265 11
- VAT on motor expenses 874 31
- Associated companies - CT small profits relief 143 7
- Introduction of Goodwill 173 5
- PayPal Transaction Analysis 147 4
- Incorporation - any tax advantage? 730 19
- Company overdue but wants to be struck off 379 12
- Money transfers between companies owned by one person 192 9
- A change from the old Q v NQ debate 314 11
- Sage 50 (2010) 96 2
- ideas for a bonus scheme for accountants 383 3
- Recommendation of US tax adviser? 86 1
- Notes to statutory accounts 315 15
- Two clients (married to each other) disappeared from client list 391 9
- VAT code for invoice from not VAT registered company 125 2
- HMRC VAT misstatement disclosure 92 1
- VAT Registration 453 19
- Tax Credit Overpayment 271 9
- Skandia using wrong address 1,538
- Nil Rate Band Trust - index linked debt by way of charge over property 845
- International interest certificate 464
- NOVA 323
- Subby expenses subject to tax & NI? 221
- Can Limited Company Buy Share of Rental Property? 214
- Bonus Bonds 203
- Management expenses for investment company 200
- DOUBLE TAXATION RELIEF BETWEEN A PRIVATE LTD COMPANY AND GREECE (the private Ltd has no employees and its main activity is 190
- Have we escaped Gift with Reservation of Benfit & Pre-owned asset charges? - Gift after benefit 177