Member Since: 20th Nov 2012
20th Feb 2018
Initially HMRC did not remove deceased persons from the agent list. However they do so now and it means to continue to deal with the deceased taxpayers affairs you require a fresh 64-8 signed by an executor of the deceased.
18th Sep 2017
If the person does not have a UTR you must register with HMRC using form SA1 and one of the criteria included on the form is to return a capital gain.When completing the tax return put a note that the only reason for the submission of the return is to give details of the gain and this should prevent the issue of further SA returns
13th Sep 2017
It varies.I have a client whose hourly rate was reduced and the agency was then responsible for the employers NIC
11th Sep 2017
Yes this is correct
1st Mar 2017
25th Apr 2016
Yes I am referring to S455. The director concerned is a shareholder / participator in the company.
26th Aug 2015
The agreement was the date of the regulatory approval in late October 2014.Obviously from a practical point of view they had to notify all clients and service providers hence actual trading started on 01/01/2015
12th May 2015
What are the tax
What are the tax consequences that are you suggesting?
27th Apr 2015
If the original gift of £115k
If the original gift of £115k was a gift without any reservation this would only drop out of that persons estate after a period of 7 years.
The 15K paid back would in my view be treated as a gift by you which as you state could be partially covered by the annual exemption.
If the terms of the original gift of £115k were to reflect the fact that 15k had to be repaid this would ofcourse change matters
22nd Apr 2015
Firstly you would definitely have to investigate the position further.The client should ask for a valid VAT invoice and if this was not forthcoming and she contacted you further you would have to consider the Money Laundering question and consider whether a report was submitted to SOCA