Member Since: 21st Mar 2002
18th May 2020
Thanks, much appreciated.
1st May 2020
Surely if there’s a liability then there has to be a disclosure. Isn’t non-disclosure cheating the public purse and doesn’t an accountant have an obligation to notify (under MLR’s)? Can’t see how the adviser can do anything but advise the client to disclose. Am surprised that anyone on here would advise not to disclose.
26th Mar 2020
I too welcome you to the forum. Word of warning, almost every question here gets faced with a few rude responses, from 'brave' people hiding behind the internet veil of anonymity. The trick is to pick out the very useful comments amongst these, of which there usually are some. Chris's response is that one here.
23rd Mar 2020
Justin Bryant wrote:
You are wrong. See: https://www.gov.uk/hmrc-internal-manuals/residence-domicile-and-remittan...
Thanks - am very glad to be wrong on this occasion! Thanks again.
16th Mar 2020
Thanks. No, I’m not saying that. I’m saying that this client has told me she can’t go back. You’ve got a good point though. I’ll ask her why not. Cheers.
11th Mar 2020
Ah, thanks, I'll have a look at that thread.
17th Dec 2019
They've over-promised and under-delivered. That results in unhappy customers, especially if their over promise was coupled with a price increase. They need to keep their side of the bargain; that's just good practice, surely. I'm not impressed.
30th Nov 2019
Thanks - will do.
29th Nov 2019
Thanks. The position is that there is no overpayment of tax, but there could be an underpayment of tax if HMRC say she didn't formally claim the Remittance Basis and so then go ahead and tax her on her overseas income (maybe under Discovery?). That's why I was considering claiming S33 (as it is outside the SA ITR amendment window, but which of course no longer applies). Backside-covering for the client, really.
29th Nov 2019
Thanks. No PA's anyway because income greater than £120K. So, no tax effect, except if HMRC decide to say she didn't formally claim (because she didn't tick the box) and so tax her on her worldwide income.