I buy an off-the-shelf company on behalf of one of my clients, then "sell" it to him as part of the service. Actually, I buy lots of off-the-shelf companies on behalf of lots of my clients, and "sell" to them as part of the service. Are these "goods" or "services" for the purposes of my own FRS calculations?
Referring generally to M v J, are capital losses arising in, say, 2011/12, which were detailed on the 2011/12 Tax Return (submitted in date), and which were not challenged by HMRC via a formal enquiry, can be carried forward indefinitely and set against the first available gains?
Does this mean that there will be a £NIL penalty, or NO penalty at all (there is a difference)?
How do I do the "simplified" filing for agents?
You say "Agents will be glad to know that it is not necessary to have a client authorised using form FBI2 if you are only going to file his return online. However, this would not give you access to any other PAYE data in respect of that client. If you wish to go for full authorisation then the online process works in the same way as that for Self Assessment.
Following your application online, a code is sent to the employer, who must forward it to the agent. Once this code in input, the authorisation is complete. Agents might usefully check their clients lists now, so that any problems can be rectified in good time."
I have looked on the HMRC website but cannot find any reference to this "simplifed" procedure so can you please direct me to the correct place?
Also, how do I get hold on the free software?
Many thanks in advance.