You need to establish why the old company is in a bankrupt condition as disqualification arises if a director, including shadow directors are shown to have been guilty of misconduct. As from walking away from a bankrupt company and a £30,000 debt to HMRC, there's also a chance that they could become personally liable for that under the insolvency act if they failed to act to mitigate new debt once they "should have known" the company was likely to fail.
I have to agree with lionofludesch. Personal taxation arising from running a company car is becoming increasingly onerous. They seem to become more so with almost every budget so what might afford a marginal advantage today might not be the case next budget..
You say this has been going on for four years. Was the amount noted as a contingent liability during that time? If so an absence now ought to be self-explanatory.
There is no £25 benchmark. Subsistence scales are specific at £5 for 5 hours travel, £10 for ten hours and £25 for 15 hours or where travel time is at least 5 hours and extends beyond 8.00 pm. If your client is relying on regularly charging the £25 a day therefore it is highly unlikely that HMRC are going to be satisfied with that in the absence of receipts to validate her claims.
My answers
You need to establish why the old company is in a bankrupt condition as disqualification arises if a director, including shadow directors are shown to have been guilty of misconduct. As from walking away from a bankrupt company and a £30,000 debt to HMRC, there's also a chance that they could become personally liable for that under the insolvency act if they failed to act to mitigate new debt once they "should have known" the company was likely to fail.
If you're going to wear two different hats in business, it's probably a good idea to run two separate companies.
I have to agree with lionofludesch. Personal taxation arising from running a company car is becoming increasingly onerous. They seem to become more so with almost every budget so what might afford a marginal advantage today might not be the case next budget..
You say this has been going on for four years. Was the amount noted as a contingent liability during that time? If so an absence now ought to be self-explanatory.
Like the others I say why not 100% but if he is really good at being a tipster why should he be so concerned with such a small sum of money?
Connected or unconnected? You need to speak to an accountant.
I find this one ideal: http://fx.sauder.ubc.ca/data.html
Alternatively, why call it National Insurance at all? To all intents and purposes it is simply a supplementary tax and generally expended as such.
The police.
There is no £25 benchmark. Subsistence scales are specific at £5 for 5 hours travel, £10 for ten hours and £25 for 15 hours or where travel time is at least 5 hours and extends beyond 8.00 pm. If your client is relying on regularly charging the £25 a day therefore it is highly unlikely that HMRC are going to be satisfied with that in the absence of receipts to validate her claims.