Corporate tax agents are advised to batten down the hatches for the next few days as HMRC will be implementing a major upgrade to its Corporation Tax Online website on Monday 23 November.
A UK based service company performed some work and received money with tax deducted by a Danish agency. We are preparing the accounts and tax comps.
Client has both a sole tradership and a one-man limited company. Sole trader is VAT registered, company is not.
Taxpayer made an unsecured loan to an investment company which has now gone bad and will not be repaid
We act for a company which proposes to bridge a loan for a house purchase for the mother in law of a 50% shareholder and director. The loan will be for £300-400K and is likely to be for 4 months at
New small ltd co client just acquired. In his first year no PAYE scheme registered and no P35 routines carried out as owner/director thought he could take just divis.
I have dabbled in shares but never completed a tax return. A couple of years ago I made losses but now I have started to gain.
One of our clients has recently received compensation of circa £30k from the National Grid. Based on information received from the solicitors that acted for our client:
Debate in the office.
Client made payments to company pension scheme through his salary.
Higher rate tax payer so tax relief at source.