1. Is the €150 check out limit a net or gross figure?
2. If the sale is over €150 is there a further option for the freight agent to pay the VAT on the goods when imported and recharge that back to the seller, this will be so that the received doesn't need to pay on receiving the goods?
3. Is there an option to make the IOSS returns quarterly?
I was once told that a spouse could choose to rent their half 50% of a property to the company and the other spouse could choose not to rent their half, waving that income.
This saves the hassle of having to prepare two tax returns for the shared rental income. Have you ever heard of an arrangement like this operating?
Assuming both spouses pay tax at the same rates in practice would HMRC challenged or accept this type of arrangement?
Interesting what you say about the £6pw and the rent for home working. It would feel a little disingenuous to claim the actual costs and the allowance for the same costs/workspace. I know HMRC have some guidance when you have associated employments to say you should not claim for the home working expenses if they are linked.
Assuming that one spouse rents their half of the home to the company, if the other spouse is employed at the company but not renting their half could a home working allowance of £6pw be justified?
Tax rises for a fragile economy just doesn't make any sense. What is needed is a stimulus to the economy more liquidity not less. Where have these leaks come from? Are we sure they are not the views of the few rather than the many who decide upon government policy? Why are we not discussing the increased support that is needed rather than increasing taxes? The Liberal Democrats are proposing a universal income for all, why are we not discussing that as a way forward to restart our economy?
My answers
Rebecca mentions a extra 5p per passenger per mile
can be claimed on business journeys.
Does that passenger need to be a employee of the company to claim the the extra 5p?
How long would you suggest stopping the business use prior to making the sale?
In the example, HMRC gives in CG65110 the break is 3 years between stoping and selling.
Could the business use cease 1 day prior to exchanging and full PPR is then obtained the next day on the sale?
Do you know where I can find that relevant clause within TCGA 92?
Do you know where I can find that relevant clause within TCGA 92?
A great I just have a couple of questions:-
1. Is the €150 check out limit a net or gross figure?
2. If the sale is over €150 is there a further option for the freight agent to pay the VAT on the goods when imported and recharge that back to the seller, this will be so that the received doesn't need to pay on receiving the goods?
3. Is there an option to make the IOSS returns quarterly?
I was once told that a spouse could choose to rent their half 50% of a property to the company and the other spouse could choose not to rent their half, waving that income.
This saves the hassle of having to prepare two tax returns for the shared rental income. Have you ever heard of an arrangement like this operating?
Assuming both spouses pay tax at the same rates in practice would HMRC challenged or accept this type of arrangement?
Interesting what you say about the £6pw and the rent for home working. It would feel a little disingenuous to claim the actual costs and the allowance for the same costs/workspace. I know HMRC have some guidance when you have associated employments to say you should not claim for the home working expenses if they are linked.
Assuming that one spouse rents their half of the home to the company, if the other spouse is employed at the company but not renting their half could a home working allowance of £6pw be justified?
Do we know if you can choose between choosing the AIA 100% or 130% SD? Does the AIA have to have been used first to access the SD?
Surely you mean Senta?
Tax rises for a fragile economy just doesn't make any sense. What is needed is a stimulus to the economy more liquidity not less. Where have these leaks come from? Are we sure they are not the views of the few rather than the many who decide upon government policy? Why are we not discussing the increased support that is needed rather than increasing taxes? The Liberal Democrats are proposing a universal income for all, why are we not discussing that as a way forward to restart our economy?
Do we know if the grant is taxable income?