Member Since: 26th Sep 2014
13th Jun 2017
If bought New Residence within 3 Years no need for SDLT, also if the new Purchase is for Main Residence then no SDLT for 2nd Property just standard SDLT
22nd Mar 2016
Would cancelling that VAT reg and applying for a NEW VAT Reg solve the delay in waiting for the correct reply from HMRC?
Worth a go I'd think
20th Dec 2015
Has any if the last 5 years losses occurred from Capital Allowances at any point? If so you will be fine as the farming business had a profit but due to Capital Allowances being claimed this created the Loss
20th Jul 2015
Sorry, in the Accounts Credit Debtors and Debit PAYE control Account
20th Jul 2015
You should show the CIS Tax reduction on the payroll software and set off against any PAYE Taxes due and report this to HMRC via the online RTI either weekly or Monthly depending on your clients pay periods
20th Jun 2015
David Gordon, thank you for the comments much appreciated, I think a trip on a fishing vessel may change his robot mind! The best thing is the Tax on the expenses is only ever between £300 to £900 so continuing to argue back and forth usually out weights the saving versus the fees, but then again the win is worth more than fees, thanks again
10th Feb 2015
credit notes and re-invoice
Thanks for the pointers and comments, much appreciated. Will check if negative figure works online and repost outcome.
Thank you all again
23rd Dec 2014
vat on new builds
U should prob have split the questions up, anyway
1.Ltd company build's a new property for residential sale then all costs with Vat relating to that build can be claimed, if the subcontractor installs any extras like cooker, stereo speakers and luxury items then the will charged for this and must pass this cost onto the buyer.
2.If a new build is solely built to rent out then the vat isn't reclaim able unless u 'opt to tax' that property, then u can reclaim the vat but must charge vat on the rent. If lived in by the diy vat person for a period and then rented out there must be good reason and more detail on why the person reclaim vat under diy and then moved.
3.Yes any vat reg personal should account for all standard, reduced, and zero rated supply in box 6, pet hate by vat inspectors.
Hope this helps, need more detail to say anything else
13th Dec 2014
Thanks Gary for the reply, most companies are paying mileage allowance at the 45p, which tax free benefits do u mean?
Yes, most companies are paying their spouse and any family members they can.
Some of the Directors have full pension pots and others aren't interested in putting anymore into their pots.
I have explained its not a bad thing to pay the additional tax but ofcourse clients are reluctant to pay anymore tax than necessary.
I appreciate your points, have u ever closed the company and made all employees redundant and taking advantage of the tax free up to £30k? Then to setup a new company and start again?
7th Dec 2014
This isn't a good result for any tax payer sitting with these penalties, even if the client had NO Tax liability he/she still has to pay £1,300!!! It should be an increasing percentage on the Tax due with a minimum of £200, not fair on the smaller income businesses/Tax payer.