Is a director’s primary threshold for the year also £11908 in 21/22? In which case our salary recommendations change where the employer allowance is covering the ers NI?
This is the nature of the advice:
s222(6) TCGA 1992 sets out that spouses can have only one main residence between them. In addition, S1011 ITA 07 defines married couples as being regarded as living together for tax purposes unless they are separated (legally or in circumstances which are likely to be permanent). It therefore follows that from the date of marriage there can only be one property qualifying for PPRR.
I eventually got advice that said they couldn't claim on both properties even though they were married. They had to claim only one property. I explained to the client that I had (probably) been wrong in my previous advice and as a result they were very disappointed in me and I lost the client. I explained that I was still not convinced and that we could argue the case but it was too late. I was absolutely gutted as you can imagine. I don't mind losing clients because of fees but never because of advice or service levels. Except in this case of course.
HI yes still using Capium for CT and SA. It hasn't improved much but I know it now and for 90% of the time it is quick and easy. Recently I found out that the class 2 NI calculation is not correct in the year in which the client reaches pension age.
Interesting. My clients account shows a repayment issued in the last couple of days which will put him in an underpayment position. But I have no faith now that the repayment is actually a repayment so I wait for the money to appear!
My client had a "repayment" posted by HMRC which blocked another refund due to him. I assumed he had received this "repayment" but he hadn't when I mentioned it to him. I called HMRC and they said they wanted to do an identity and fraud check so posted this "repayment" back onto his account even though there was no such repayment. In effect making his HMRC account totally wrong. Had the client not been aware he had not received this "repayment" it would still be on his account today. Not a good way to deal with matters in my opinion
My answers
I was meaning director salaries so £992 should not cause a problem using the cumulative basis
Thank you very much. In effect our £797 salaries move to £992 pcm from April 22
No of course not
Is a director’s primary threshold for the year also £11908 in 21/22? In which case our salary recommendations change where the employer allowance is covering the ers NI?
This is the nature of the advice:
s222(6) TCGA 1992 sets out that spouses can have only one main residence between them. In addition, S1011 ITA 07 defines married couples as being regarded as living together for tax purposes unless they are separated (legally or in circumstances which are likely to be permanent). It therefore follows that from the date of marriage there can only be one property qualifying for PPRR.
I eventually got advice that said they couldn't claim on both properties even though they were married. They had to claim only one property. I explained to the client that I had (probably) been wrong in my previous advice and as a result they were very disappointed in me and I lost the client. I explained that I was still not convinced and that we could argue the case but it was too late. I was absolutely gutted as you can imagine. I don't mind losing clients because of fees but never because of advice or service levels. Except in this case of course.
HI yes still using Capium for CT and SA. It hasn't improved much but I know it now and for 90% of the time it is quick and easy. Recently I found out that the class 2 NI calculation is not correct in the year in which the client reaches pension age.
Interesting. My clients account shows a repayment issued in the last couple of days which will put him in an underpayment position. But I have no faith now that the repayment is actually a repayment so I wait for the money to appear!
Very good, thank you very much.
My client had a "repayment" posted by HMRC which blocked another refund due to him. I assumed he had received this "repayment" but he hadn't when I mentioned it to him. I called HMRC and they said they wanted to do an identity and fraud check so posted this "repayment" back onto his account even though there was no such repayment. In effect making his HMRC account totally wrong. Had the client not been aware he had not received this "repayment" it would still be on his account today. Not a good way to deal with matters in my opinion