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.
- Director's current account - fuel costs and expenses 35 1
- Coming in from the cold 319 3
- Splitting the tax year 154 2
- P11d & Medical Ins 187 2
- Should design costs be capitalised? 166 4
- Sale of assets - availability of AIA to the purchaser 147 2
- Submitting tax return 123 1
- Ex Client from over 3 years ago 216 3
- Keep receiving RTI late submission notice 258 8
- Director's tax return 333 7
- Reporting no P11d due when PAYE scheme closed by HMRC 5Apr2013 122 1
- Sage Payroll 316 11
- Payroo Employer allowance query 208 6
- Small employers paying people when sick thanks alot! 3,070 33
- vat return 262 3
- Flat rate vat 159 1
- Value pricing 732 26
- RTI Annual Scheme Query 166 4
- PAYE coding notice - deliberate misstatement 243 4
- Private residence relief with entrepreneur relief mix 295 4
- Residential Property Purchase Above £750K 805
- Using Sage with Sofa Categories 557
- Does anyone have an unwanted ICAEW wooden plaque? 426
- Goods shipped inter EU and VAT Reporting 304
- Free Tax Legislation? 274
- Director Loan account operation 255
- transferring simply accounting 2010 from xp to windows 7 252
- Non-Resident Director - UK Tax Position? 246
- Sage 200 and Access Dimensions reviews 232
- Paye procedures for CVA 169