Thanks. It's just so onerous. The guarantee is not a problem, but the parent co auditors won't do the disclosure, and the parent co doesn't want the consolidated accounts filed in UK. I hope they relax the rules slightly in time
I agree it's contentious but s6(5) ITEPA 2003, replacing ESC A37, is pretty clear.
There are different types of accountants. Basically I'll give them the facts, and a massive health warning and recommendation not to do it. That's better than just saying 'ooooh sounds dodgy'
Not looking for complex offshore planning. Looking to see if other practitioners have had any hands-on experience of similar situation
Horses for courses re PWC
I've sorted it now anyway, have received some advice on bespoke planning involving share options, also some mileage in one of the ESC's
Just these 4
GM's are held in UK and EU, so are board meetings. Business is operational at fixed establishment in UK
I'm looking at UK angle first
The offshore companies are not created yet. They are PSC's, and can be in country of residence or elsewhere.
IR35 as they are office-holders taking fees.
Possibly, but my remit is to only look at UK angle for the client
But if he doesn't, and he gets a L tax code, he'll pay UK tax? My understanding was that NT codings can be granted where an employee undertakes all of their role outside of the UK, and do not visit the UK for work purposes?
Hi, once you know it has gone into Liquidation (via London Gazette) the first port of call is to contact The Insolvency Service/Official Receiver, as they are initially appointed by the court.
The OR then may or may not put it on an IP rota afterwards (or do it in house), and they should be able to deal with you initially. I expect you have an employment claim?
Thanks for comments. Yes I will ask, then when refused, I'll have to decline under the terms my data protection policy.
Thanks for the opinions, I just wanted to see how others would approach this.
Not my obligation, but solicitor's obligation