I'll give it a go Moonbeam, thank you.
You're right, it wasn't immediately. It was quite a few months. The core of the objection is that it was implemented without any conception of just how long it would take to carry out an EU exit.
As to your second point - I don't blame Cameron because I believe in democracy and I don't think the referendum itself was wrong. I simply have complete contempt for all people who confidently assert that something is extremely easy when they have absolutely no real understanding of the underlying issues.
I don't think we're on the verge of a revolution and I think it's delusional to imagine that Nigel Farage, (a man who has never managed to be elected as an MP and has lost on every occassion he stood) would ever be Prime Minister.
Brexit was always going to turn into a complete and utter mess like this. Unfortunately the hardcore Brexit crowd chose to ignore all the experts telling them this and write it off as "Project Fear".
Implementing article 50 immediately after the referendum and with no plan whatsoever to overcome the complexities of extracting the UK from the international and legal agreements from our EU membership was naked political pandering.
I agree with Maslins, Farage et al are totally devoid of any solutions to the problems they've created. They've made a political career out of whinging and deflecting blame and they no longer know how to actually implement realistic policies.
In particular, I feel a great urge to say "We told you so" to all the pro-Brexit politicians like Farage who claimed that the Irish border question and the problems with Northern Ireland were a minor afterthought that could be completely ignored.
If you don't mind the question Anastasia - why are you following a US course if you're UK based? It might be a mistake given the legal differences between how the two tax authorities treat different things.
If it's money received from any of the big crowdfunding sites then generally the money is treated as a freely given gift to the individual seeking the crowd funding and the customers have no legal right to the promised product or service.
I'm presuming that's the situation here as any loan based crowdfunder like funding circle wouldn't loan money to a company which doesn't exist. Perhaps OP can clarify though.
Depending on the nature of the spending you can probably treat it as pre-incorporation expenditure and bring it in via the directors' loan account. This is probably preferable to being taxed as a sole trader. You do need an accountant though.
There's actually a lot of work that goes into making it actually profitable, I know a few people who have made money doing this and it's really not the dick around that you might think.
It's a constant sales and marketing push and requires extremely consistent broadcasting and viewerbase building to get anywhere. You have to be extremely dedicated and personable to make any money doing it.
I agree with you if it's a large invoice. Best approach is to be absolutely correct if the amount is significant.
Honestly, if it was me I would just check the exchange rate on the invoice date and use that to calculate the sterling amount. You're technically correct but it's really not that much work to reach a sterling value.
Or are they not showing VAT on their invoice at all?
Further reading following some of the above:
It seems the default is Software follows intangible asset rules unless you make a declaration under S815 of the Corporation Tax Act 2009, according to this HMRC guide which allows you to claim AIA if the software meets the definition of R&D.
"Tax relief for the depreciation of computer software may be available more quickly under the capital allowances code (see CA23400 onwards) than it is under CTA09/PART8. To permit companies to preserve the benefit of capital allowances, S815 allows companies to make an election in respect of capital expenditure on computer software. The election makes capital allowance treatment available."
S815 seems to require that you make a written statement to HMRC that you intend to follow this treatment and claim capital allowances on the software expenditure. Has anyone made such a claim before?