My company borrowed £45K BBL but repaid it in 6 weeks but I have now received a letter from them with a Statement that they reclaimed a full year interest from the takpayers.
As a business manager I get payroll data requests from auditors and they certainly do not require the vast amount of detail (bank accounts, NHI numbers etc.) as sent by Morrisons and that is what caused the issue. Surely only summaries are sufficient.
In London, we have a deal with a property company to "block" rent residential flats at a discount, guarantee the rent and management then pass on that discount "renting on" paid out of net wages.
Young people love the security of their homes - is a basic human need and we have a manager looking after them.
A company with two equal shareholders. One shareholder lends working capital but the other does not. Both shareholders agree an interest rate but agree that interest will be forward applied only in the event of winding up the company or one or other share buy outs. Question under FRS 102 need the forward interest be applied to Profit/Loss at the end of annual reporting periods in the interim?
My answers
My company borrowed £45K BBL but repaid it in 6 weeks but I have now received a letter from them with a Statement that they reclaimed a full year interest from the takpayers.
I suppose it would have helped to point out that insurance was already taxed at source.
I suppose it would have helped to point out that insurance was already taxed at source.
Why not just a question on the tax return "proportion of your business in cash"?
As a business manager I get payroll data requests from auditors and they certainly do not require the vast amount of detail (bank accounts, NHI numbers etc.) as sent by Morrisons and that is what caused the issue. Surely only summaries are sufficient.
In London, we have a deal with a property company to "block" rent residential flats at a discount, guarantee the rent and management then pass on that discount "renting on" paid out of net wages.
Young people love the security of their homes - is a basic human need and we have a manager looking after them.
A company with two equal shareholders. One shareholder lends working capital but the other does not. Both shareholders agree an interest rate but agree that interest will be forward applied only in the event of winding up the company or one or other share buy outs. Question under FRS 102 need the forward interest be applied to Profit/Loss at the end of annual reporting periods in the interim?
Reminds me of the ABBA tax case where they maintained that they specifically wore outrageous costumes to get their tax relief.
Well at least the Financial Conduct Authority has got something right as they do not allow licencees to declare goodwill in compliance Balance Sheets.
https://www.gov.uk/statutory-demands
I am told that this threat gets results.