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cormocountry
Member Since: 22nd Jun 2014
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cormocountry
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My answers

25th Feb 2020

This sounds to me to be a case of collusion with your broker & current insurers.

I'd be inclined to look at changing both..!!

Reply to
Can I cancel a PI policy mid-term
12th Aug 2019

This forum needs an eye-roll button..!

Reply to
Entertaining disallowance?
28th May 2019

Phrased like that, it makes one wonder if there IS a 2-level standard to which work is carried out by such 'professionals'..!!?? (.. In my line of business, we frequently encounter members of 2 generations that have the attitude that they should be able to cut corners, or get paid full wage for half-done jobs; as a result, there are some who won't work for us because they know they won't get away with it as they might or will elsewhere..!

Reply to
Fees for due care and attention
10th Dec 2018

'..there has to be evidence that they paid for the shares themselves out of their own money in order for the ownership of the shares to be valid...'
At what point does ANY 'gifting' of shares become, or even be permitted to be valid..? (.. & how does this work or apply in cases of shares left in wills, or genuinely gifted from other family members/business partners to related & non-family-member 'children'..??)

Reply to
Setting up new company and gifting shares to kid
23rd Oct 2018

Our business has recently seen additional probing & investigation, but its been farcicle in some ways..
The second one (this year) was set off initially by the higher-than-previous-year's accountancy charges showing on the accounts for 2017.. (.. which had been to cover petty enquiries & deal with correspondence created over 2016 accounts..!! (As these enquiries have always resulted in nil increases in taxation liability, I feel like invoicing the tax department for the additional costs & time wasted.....but our accountant won't let me!!)

Reply to
Is there a pattern?
21st Aug 2017

joosepi wrote:

This paperwork trace will lie in the admin of logistic Co. The client should proof copy. And HMRC should grow up.

Yes it will, but it is up to the exporter to ensure that the logistic co. sends copy of Bill of Lading or documented proof of export with correct dates to the supplier company. I do this on a regular basis as we scource UK-supplied goods out to a British O/T.
The remark about HMRC 'growing up' ia valid, but I suspect, a forlorn hope.. ( The 'dirty tricks' element puts emphasis on retailers extracting VAT from exporters wherever possible & minimising information to enable VAT zero-rating to occur.) It is no longer possible to send a copy of VAT form 407 (filled in) for the retailer to use as it is only now available to retailers via the Helpline (which as we all know, is managed in a way that prevents you getting through, or any help at all..!)
Many companies in UK are too terrified of HMRC to look into the permitted regulations on exporting & want to charge it anyway. We prefer not to deal with these if at all possible.
One of the troublesome anomalies we have encountered is the quarterly VAT return period .. the permitted three months to supply relevant information.. for the proof of export.
On one of our (vehicle) purchases, which was from a company who was VAT registered, there was no shipping opportunity to export the vehicle for 5 months from agreed purchase date. It was lucky that the seller (in order not to loose the sale) was agreeable to payement being delayed until we were within the three months of sailing period & kept it on his books. HMRC had told him that he should still charge the VAT & that they did not have to return it to us, as we were not UK VAT-registered..!! (However, his accountant & our shippers sorted that out.)
It IS a minefield, & exporters accountants should really be aware of the rules governing this sort of issue.

Reply to
Lack of export evidence for VAT zero rating

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