Rather interesting interview on today's BBC You and Yours.
In a recent ICAEW Tax faculty conference (as reported in taxation) Paula Tallon put forward a tax planning idea for LLP's where the payroll cost is in excess of £2m.
My client received a refund from HMRC 5 years ago which he now has to repay. Without going into too much detail, at the time, the claim on his tax return was questionable and we put a note on the
i work in industry and dont really know much about associated companies!
Caller: “My client received a state pension lump sum but it is not being taxed
Author's note: It will be apparent I wrote this for a different audience. I present it here because I am curious about fellow practitioners views about the matters I address.
I have client, a sole trader whose accounts have been prepared to 31.03.12. He is a higher rate tax payer & has been making personal pensions contributions over the years.