a) if they had a salary from the company, putting a leaving date on the employment section may generate removal of client,
alternatvively just notify the self assessment office in cardiff in writing, that your clients are no longer subject to self assessment since their income will after tax deductions be below the tax/peronal allowance threshold of 9440 this year and 10k next year.
1) if all four want to claim ppr make sure they make an eleection each and submit the election- to have the property as their main residence, within 2 years of moving in-then later it ont be a question of events/where they live but of fact
sadly he will be uk domiciled and could only claim residence elswhere(as u say in a double tax treaty location) if it is reasonably permanent anf fulfills the residence test.
if your customer is in the eu and you are selling to them you are making a supply to an eu company
if your customer is outside the eu your sales what ever the location will not be withing the uk vat rules.
BUT if you are shipping product to a NON EU country or having product which you will sell on, imported from a non EU country THEN YOU SHOULD account for vat on an imported item as though you were selling it in the uk, at the point it is imported.
Services dont involve the transfer of goods/product at any airport/port or dock by a shipping company/delivery company outside the eu.
providing your client had not been vat registered either before or after he incporated, the AIA will be due in the year before he was incorporated on the cost of the asset plus VAT.
there would be no wdv for the company as AIA had been claimed.
if you think you can persuade HMRC the asset belonged to the company and not the individual and transfer of ownership of the asset, even though it was bought by the individual, and the company registered for VAT-as stated- vat on deemed purchase in an earlier peiod could be claimed back under the 4 year capital expenditure vat rule.- I wouldnt do it-stear clear and explain why not to the client.
My answers
write to them
a) if they had a salary from the company, putting a leaving date on the employment section may generate removal of client,
alternatvively just notify the self assessment office in cardiff in writing, that your clients are no longer subject to self assessment since their income will after tax deductions be below the tax/peronal allowance threshold of 9440 this year and 10k next year.
the eventuality of splitting up
as there are 2 couples consider the tax consequences of one partner selling thir share to the other.
yes you have forgotten a few things
1) if all four want to claim ppr make sure they make an eleection each and submit the election- to have the property as their main residence, within 2 years of moving in-then later it ont be a question of events/where they live but of fact
filing
if you operate the payroll you can file the p11d for the p11d employee online
yes always file a "NIL" p11d
if its not a penalty it will be a coding error for the employee, since you failed to file the p11d
santander are the worst but you can claim it back
yes santander are the worst and have no local or national business knowledge/contacts
you can claim back any income tax sufferred on the ct600
thks finest of grant thornon
sadly he will be uk domiciled and could only claim residence elswhere(as u say in a double tax treaty location) if it is reasonably permanent anf fulfills the residence test.
customer is the key
if your customer is in the eu and you are selling to them you are making a supply to an eu company
if your customer is outside the eu your sales what ever the location will not be withing the uk vat rules.
BUT if you are shipping product to a NON EU country or having product which you will sell on, imported from a non EU country THEN YOU SHOULD account for vat on an imported item as though you were selling it in the uk, at the point it is imported.
Services dont involve the transfer of goods/product at any airport/port or dock by a shipping company/delivery company outside the eu.
no vat registered
providing your client had not been vat registered either before or after he incporated, the AIA will be due in the year before he was incorporated on the cost of the asset plus VAT.
there would be no wdv for the company as AIA had been claimed.
if you think you can persuade HMRC the asset belonged to the company and not the individual and transfer of ownership of the asset, even though it was bought by the individual, and the company registered for VAT-as stated- vat on deemed purchase in an earlier peiod could be claimed back under the 4 year capital expenditure vat rule.- I wouldnt do it-stear clear and explain why not to the client.
more info
you need to know his movements and status first so more info needed.