I have a client that recently set up an LLP to trade UK shares. The partners are non -residents.
Client submits form CWF1 to HMRC approx 1 week before the 3 month deadline for notification. HMRC have returned the form saying it is out of date. New CWF1 submitted.
Clients falls out of SA in 2010/11. In 2012/13 HMRC assume gift aid donations have continued so assess her for 12/13 on the grounds of no taxable income.
We have a flat in London which a year ago our daughter moved into and started contributing to its expenses. Six months later her boyfriend moved in and now they are both contributing equally.
Father just about to gift share in rental property to Relevant Property Trust for benefit of 6 adult children. Holdover under s.260 TCGA will be sought.
It is possible I am being thick, but just completed a tax return where the salary is a few hundred below the PA and the dividends are such that £10k is taxable at higher rate. No other income what
I have a vague recollection that there is a disclosure / tax issue with companies booking and paying for travel for clients / contractors that are not employees.
I have a small retail client, just started trading, who is having great problems keeping track of his daily sales from the till.