Member Since: 25th Feb 2011
11th Jun 2018
As above, however, on a recent claim, they asked for a copy of client bank statement as additional proof! We simply sent a redacted statement from our own account clearly detailing the receipt.
10th May 2018
Are you sure this is even in time? If it's for 5/4/2016 and you filed the Tax Return on time then the cut off for opening a S9A enquiry has long gone. Which only leaves them S29 discovery as an option so, no, they can't do a fishing expedition!
26th Apr 2018
Not if Tammie is only claiming partial relief for PPR. For instance, if it were only her PPR for part of the period of ownership.
Tammie, its all very well asking where to make the entry but do you actually know how to calculate your entitlement, including any claim for lettings relief. If not, I suggest you seek professional advice from a local accountant.
25th Apr 2018
What makes you think cash would be no gain/no loss? As it certainly wouldn't.
This is definitely one for your accountant!
23rd Mar 2018
Your 'last', by which I presume you mean current, accountant is correct - the loan has to be shown in the company accounts and the company has to pay the 32.5% tax charge (as you didn't repay within 9 months). Your company can reclaim this when you do the May 2018 accounts and CT Return. And yes, you need to revise your company 2016/2017 P11D and SATR - but surely your accountant can do this for you!
12th Mar 2018
Well that's ten minutes of my life I'll never get back!
14th Feb 2018
I think HMRC had limited the number of people who could attend. I tried to register for all three yesterday morning and got the message 'webinar full'! So I don't think it's that people aren't interested - more that typical HMRC don't have the facility (or desire) to open it up to more agents.
7th Jul 2017
Thank you Lion, I can see that now.
Very much appreciated.
1st Jun 2017
There has been a recent case where incarceration was found to be a reasonable excuse, only on the basis that the late Tax Returns were then filed promptly. Have a read http://financeandtax.decisions.tribunals.gov.uk//judgmentfiles/j9785/TC0...
12th May 2017
Anyone? We can't be the only firm to have been asked about this or thought about it?