How did PropCo get a mortgage on the property when it presumably said to the bank "hi we want to buy a hotel and then rent it to another company for £0 per year" ?
Suggests that for capital allowances purposes that insurance proceeds is the disposal value.
Agree with Wilson's point re wording of the insurance being key.
Was there a need to actually buy a new machine to claim £500k from insurer or could the business have done what it liked with the £500k, as the old machine had been insured up to replacement cost value?
If C of E church then presumably the donation is to the Parochial Church Council which runs the church/parish. These are generally charities though often are Excepted from registration with the Charity Commission, unless they have been required to register due to income exceeding £100k, so you may not be able to find a Charity registration number.
I understand the distinction you are trying to make in regarding AE contributions as a statutory obligation, but surely a non-AE contribution is (generally) a contractual obligation rather than a 'discretionary payment which could be cancelled' as you put it?
If an employer was contributing more than the AE minimum to the scheme would you start apportioning the unpaid employer contribution at year end between the 'statutory obligation' and the additional amount over the minimum???
As one of those folk making an irrelevant comments about zero rated work I will add this: whilst of course it doesn't apply to zero rated work my comments were merely aimed at putting the posited scenario in the context of the reverse charge, were it applicable.
My answers
How did PropCo get a mortgage on the property when it presumably said to the bank "hi we want to buy a hotel and then rent it to another company for £0 per year" ?
Would they be in the same position?
National Insurance Contributions?
Sounds like the limited company and the builder are in a 'partnership' of some sort
Is this useful?
https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca23250
Suggests that for capital allowances purposes that insurance proceeds is the disposal value.
Agree with Wilson's point re wording of the insurance being key.
Was there a need to actually buy a new machine to claim £500k from insurer or could the business have done what it liked with the £500k, as the old machine had been insured up to replacement cost value?
If C of E church then presumably the donation is to the Parochial Church Council which runs the church/parish. These are generally charities though often are Excepted from registration with the Charity Commission, unless they have been required to register due to income exceeding £100k, so you may not be able to find a Charity registration number.
Maybe you get so many reminders because you have a track record of paying it a month late?
I only appear to have one email so far specifically about my upcoming membership renewal.
I understand the distinction you are trying to make in regarding AE contributions as a statutory obligation, but surely a non-AE contribution is (generally) a contractual obligation rather than a 'discretionary payment which could be cancelled' as you put it?
If an employer was contributing more than the AE minimum to the scheme would you start apportioning the unpaid employer contribution at year end between the 'statutory obligation' and the additional amount over the minimum???
Did I?
Better add this to the CPD list.
As one of those folk making an irrelevant comments about zero rated work I will add this: whilst of course it doesn't apply to zero rated work my comments were merely aimed at putting the posited scenario in the context of the reverse charge, were it applicable.
This is the thread btw: https://www.accountingweb.co.uk/any-answers/vat-reverse-charge-and-new-b...
Should Company A really be paying a dividend based on contingent, uncertain future proceeds?