Member Since: 26th Jan 2016
12th Mar 2017
No..the FRS % has already taken account of input VAT (that's the point of the FRS). So you do not need to now that he is deregistering. VAT Notice 733 will explain more detail if required.
12th Dec 2016
So in 2020, we will be looking at the the previous AR filed in 2015?
12th Oct 2016
Might want to try Avalara VATLive.
30th Mar 2016
Looked into deeper into this and BTC PM doesn't even come close to Iris PM unfortunately. Very poor on workflows.
18th Mar 2016
Thank you both for comments. Much appreciated.
Is there anybody who's moved over recently from Iris to BTC that can compare the Practice Management features specifically? We use IRIS PM to manage all client workflows.
11th Mar 2016
There are Indian banks with a presence here who may be able to help them and verify the information with their Indian colleagues. State Bank of India has a few branches in London and so does ICICI. I would speak to them.
Avoid being a director at all costs. By the way, you should charge significanty for helping them with this. You need to go and speak to bank managers to make this happen and explain exactly why and what you need. They will need to look at the business accounts, etc. Just do not bother with your local dogsbody branch managers.
8th Mar 2016
To RedFive - I am sure you know this, but please don't over explain yourself to HMRC at the initial stage, there's probably no need to do it. I personally think a response similar to the one we gave you is sufficient - it works. The response you or your client prepared is way over the top and will start the little grey cells in the HMRC officer's head start to think too much. Give them a short one or two sentence response and wait if they want more information.
8th Mar 2016
To RedFive - we received the exact same letter for a web designer client of ours a few years ago and they had also chosen other business services many years before that before they were our client incidentially. No need for a lengthy response. We literally wrote a couple of sentences: that they are web designers and builders and therefore they chose any other activity sector. To make the decision, they followed the steps in VAT Notice 733 section 4.1. As they reached Step 4 of this HMRC guidance, they spoke to the VAT National Helpline and it was concluded that their business falls into the "Any other Activity...". That is literally it, they replied with no further questions.
9th Feb 2016
"Pedro occasionally visits
"Pedro occasionally visits the UK client and does some work at the client site." - he is using his own equipment, is an independent consultant and seems to mostly work from his own office. He is occasionally visits the UK and has a meeting with them and will do a little work there. I just see nothing here that would make him inside IR35. It's completely normal for a consultancy to sometimes (or even a lot) to visit client sites to consult and do some work. Personally, I think Pedro is worrying too much. But my advice would be to speak to somebody who specialises in looking at contracts and working practices before giving an inside/outside IR35 status.
Also - I highly doubt you can create a permanent establishment for a foreign business simply by coming to work at client sites on a few occasions each year.
9th Feb 2016
Can you have a UK permanent establishment simply by spending time working at a UK client site? Are you sure about this?