I have an enquiry into a Ltd Co accounts for the year ended 31/12/09 and HMRC has requested documentation regarding a director/shareholder loan write off.
As an agent I receives the complete Tax Return Guide from HMRC every year for the last 15 years.
I have a client who had an overdrawn director's loan of £7,500 at 31/03/11. He's saying that he doesn't have to pay the s455 charge because he wants to declare a dividend of £7,500 now.
what is the tax position on
HMRC automatically accepts £3 per week as being reasonable without the need to produce receipts to justify the use of home for work
clients files along with the following message:
Can a sub postmaster owning 2 separate post offices elect to trade one of them as a limited company (i.e. show PO salary as company income) and the other as an individual?
Same 4 brothers own 2 separate companies. (each holding 25% of shares). All 4 directors in one co but only 1 a director in other co. Are they associated for Corp tax purposes?
I have a friend who is currently on a Car Allowance scheme but now wants to replace his car. The snag is that cars leased to Coys are substantially cheaper than those on offer to individuals.
Have prepared the 2010/11 personal SA return but client has passed away before filed. I am dealing with the Executor and will be preparing the final tax return to date of death.