Member Since: 18th Jun 2009
28th Sep 2021
You're right to think about CGT. Don't forget to look at ESC D39 and HMRC's CGT manual eg
21st Jun 2021
It's been around for a while: https://www.gov.uk/guidance/check-which-expenses-are-taxable-if-your-emp...
Originally to 5 April 2021, then extended to 5 April 2022. HMRC commentary says the employer must have reimbursed the exact expense - that's not quite what the legislation says - I think reimbursement in part is possibly OK. It talks about "amounts reimbursed".
18th Jun 2021
I know your situation is nothing to do with covid but this might give you a flavour of HMRC's view on company car availability:
7th Jun 2021
31 December ties in with most of (?) the rest of the world. As to how to do it - ask the Irish. They did it about 20 years ago.
2nd Jun 2021
What about Northumberland Day - 30th May???
28th Apr 2021
In normal circumstances, HMRC seem unwilling to accept that home is a permanent workplace. See Employment Income Manual 32170 onwards. It has to be an objective requirement that the work be done at home rather than a matter of personal choice. That could well be the case here. For example, the employer may have insufficient space for everyone to work in the office so requires people to work from home on certain days.
27th Apr 2021
Yes, in principle. You answered your own question.
23rd Mar 2021
You say your client lived in France for 9 months so it looks like he doesn't fall foul of s222B etc.
5th Mar 2021
The insurance company's problem is that it can't recover the VAT - but that's it's problem, not your client's problem. What would usually happen is that the insurance company would pay the whole bill and simply not recover the VAT. Or a split bill can be done and the VAT part billed to the individual.
Have you ever had to claim on insurance (eg car repairs)? Have you ever had to pay the VAT? I suspect the answer would be "no". The repairer would do a "VAT only" bill to the insured, but only if the insured is a VAT registered business. Otherwise the insurance company pays, VAT and all.
2nd Mar 2021
ITTOIA 2005 s216(1)(c) says that s216 doesn't apply if the person permanently ceases to carry on the trade in the tax year. You can potentially have a final basis period that's nearly 24 months long. Say you have a 30 April year end. Basis period for the year to 5 April 2021 is year to 30 April 2020 (assuming you've been trading for a while). Cease on 31 March 2022. Basis period for the year to 5 April 2022 is 1 May 2020 to 31 March 2022 - 23 months. You do, of course, have 11 months' worth of overlap to set against the profits of those 23 months. Depending on when the overlap arise, that may, or may not help!