Tax

A question to settle a difference of opinion please.

If a company adopts the cash accounting scheme for VAT, can it also use the cash accounting dates for statutory accounts ?

4

I was hoping someone can help me.

I have a Ltd Co with an employee who is the son of the director (director not a shareholder) and the employee is a shareholder.

1

Can anybody please explain the advantages of llp over ltd? Still can't get my head around it.

7

I have recently incorporated to work on a contract for a bank. Most contractors pay themselves a minimum salary to avoid PAYE and NI. Most have been doing this for years.

4

A new client of mine had his self assessment affairs investigated. Subsequently he has been asked to provide documentary evidence.

6

When we do a film shoot we hire freelance crews to work with us. During the course of the shoot we are expected to feed and water them which typically includes breakfast and lunch.

4

Is anything I have said below technically wrong?

Also, what is the "norm" for restaurants?  I have no experience of restaurant clients.

1

The client's VAT period ends on October 31st and there will be a large repayment due to the client. He wants to submit the VAT return now in the belief this will get the repayment to him early.  I 

4

HMRC have just opened an investigation into clients **2008/09** return on the grounds that he had undeclared overseas bank interest (from Cyprus).

3

A client who is not VAT registered being in the finance sector is looking to buy a property which has VAT thereon to rent out. The property is £2M excl VAT.

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