Maybe in the same boat Living in France and owning a number of investment properties via a UK co in France while also carrying on a business here, I suspect I may have many of the same issues.
My start point was Geoffrey Heywoods book, Investment and Tax in France 2002 (which was actually a great read, albeit the editorial style was a little Captain Mannering)
Nagin - left hand side of the road???@@@!!! I really do enjoy arguments that are contrary to my views that are compelling and well thought out - however yours! The left hand side of the road - you have got to be joking?
Driving on the left is an historical nuance that is impractical and beyond imaginable expense to alter.
That aside, the most successful car producers in the world - the Japenese drive on the left - it is neither here nor there, I only know of one vehicle that it has caused a production problem for - the Renault Twingo, and they are changing that in the next release because they are missing out on markets in GB, Ireland, Australia, New Zealand, Japan, South Africa to name a few.
Deep thought and profound debate I rather think there has been too much of this already. Honesty and simplicity is what the voting public respond to and it is their choice.
Honesty says that yes it is completely a question of democratic choice and simplicity says yes it is absolutely about 1000 years of sovereignty and the constitution that has been carefully woven over that time.
You can argue for and against until you are blue in the face - both arguments are compelling but it is down to what the nation wants and you cannot intellectualise and say the populace is wrong since we are still a sovereign democracy
Edward Heath said in 1972 that he would only join the EC with the whole hearted consent of the people. As it turned out it went through parliament by 2 votes on its third reading after much bullying of backbenchers. In the meantime old Ted had already signed the treaty before parliament had given consent and that was the excuse he gave for not allowing amendments since the treaty could not be amended. The tone was much the same as it is today i.e. we will do the right thing after careful consideration (but we know best anyway
I am not a tax professional but have encountered similiar problems
Assuming he agrees, you can of course transfer his employment to the German company and he would become an employee of an oseas entity which is fine. You will need to register for PAYE directly by the German co.
You would not neccessarily have a permanent establishment - it would depend on what he is doing. If he is merely soliciting sales but not actually entering into contracts maybe not -however he does literally everything but sign the contract then it maybe viewed that to all intents and purposes he is entering into contracts.
However - last time I looked CT rates were far lower than in Germany, so you may want to do a brief tax planning exercise to see if the status quo is actually overall beneficial in any case
Yes Quickbooks or also Quicken I had a problem like this - I worked for a company that had a global Oracle ERP system, but for some reason, printing cheques and remittances was a mission so we used to use Quickbooks just for this, and it remembers and quickfills beneficiaries so is very convenient
Also their stationery partner Business Stationery Direct we found to be very good at turning around cheques - even small quantities - they also deal with the bank approval for you
Quicken has the same features so it would be cheaper to get Quicken. In any case we found it is cheaper to buy Quicken + Quickbooks upgrade than the full version since Quicken counts as an Intuit upgradeable package
1) gambling wins are not taxable on the basis that neither are the losses relievable 2) illegal activity is never taxable - apart from this notion being constitutionaly unsound, there would be no need since any recoverable proceeds could be sequestrated by Her Majesty in full. However tehnically prostitution as mentioned is not unlawful - soliciting is unlawful. 3) recoverable debts on spread betting - certainly gambling debts are not recoverable, I would be surprised if this was also the case for spread betting but I would be curious to know on what basis, contractual?
Template in Office I havent looked recently but Office always did contain a Microsoft template for this that was quite useful, includes a graph and repay,ent table etc.
My answers
Maybe in the same boat
Living in France and owning a number of investment properties via a UK co in France while also carrying on a business here, I suspect I may have many of the same issues.
My start point was Geoffrey Heywoods book, Investment and Tax in France 2002 (which was actually a great read, albeit the editorial style was a little Captain Mannering)
anyway get in touch - [email protected]
Nagin - left hand side of the road???@@@!!!
I really do enjoy arguments that are contrary to my views that are compelling and well thought out - however yours! The left hand side of the road - you have got to be joking?
Driving on the left is an historical nuance that is impractical and beyond imaginable expense to alter.
That aside, the most successful car producers in the world - the Japenese drive on the left - it is neither here nor there, I only know of one vehicle that it has caused a production problem for - the Renault Twingo, and they are changing that in the next release because they are missing out on markets in GB, Ireland, Australia, New Zealand, Japan, South Africa to name a few.
You dont work at the commission do you.
Deep thought and profound debate
I rather think there has been too much of this already. Honesty and simplicity is what the voting public respond to and it is their choice.
Honesty says that yes it is completely a question of democratic choice and simplicity says yes it is absolutely about 1000 years of sovereignty and the constitution that has been carefully woven over that time.
You can argue for and against until you are blue in the face - both arguments are compelling but it is down to what the nation wants and you cannot intellectualise and say the populace is wrong since we are still a sovereign democracy
Edward Heath said in 1972 that he would only join the EC with the whole hearted consent of the people. As it turned out it went through parliament by 2 votes on its third reading after much bullying of backbenchers. In the meantime old Ted had already signed the treaty before parliament had given consent and that was the excuse he gave for not allowing amendments since the treaty could not be amended. The tone was much the same as it is today i.e. we will do the right thing after careful consideration (but we know best anyway
Response
Owen
I am not a tax professional but have encountered similiar problems
Assuming he agrees, you can of course transfer his employment to the German company and he would become an employee of an oseas entity which is fine. You will need to register for PAYE directly by the German co.
You would not neccessarily have a permanent establishment - it would depend on what he is doing. If he is merely soliciting sales but not actually entering into contracts maybe not -however he does literally everything but sign the contract then it maybe viewed that to all intents and purposes he is entering into contracts.
However - last time I looked CT rates were far lower than in Germany, so you may want to do a brief tax planning exercise to see if the status quo is actually overall beneficial in any case
Yes Quickbooks or also Quicken
I had a problem like this - I worked for a company that had a global Oracle ERP system, but for some reason, printing cheques and remittances was a mission so we used to use Quickbooks just for this, and it remembers and quickfills beneficiaries so is very convenient
Also their stationery partner Business Stationery Direct we found to be very good at turning around cheques - even small quantities - they also deal with the bank approval for you
Quicken has the same features so it would be cheaper to get Quicken. In any case we found it is cheaper to buy Quicken + Quickbooks upgrade than the full version since Quicken counts as an Intuit upgradeable package
comments - 3 areas
1) gambling wins are not taxable on the basis that neither are the losses relievable
2) illegal activity is never taxable - apart from this notion being constitutionaly unsound, there would be no need since any recoverable proceeds could be sequestrated by Her Majesty in full.
However tehnically prostitution as mentioned is not unlawful - soliciting is unlawful.
3) recoverable debts on spread betting - certainly gambling debts are not recoverable, I would be surprised if this was also the case for spread betting but I would be curious to know on what basis, contractual?
Template in Office
I havent looked recently but Office always did contain a Microsoft template for this that was quite useful, includes a graph and repay,ent table etc.