Member Since: 15th Jan 2014
28th Sep 2020
I would argue it does not increase the value of the car because Tesla have said they remove it if you sell the car on: https://www.theverge.com/2020/2/6/21127243/tesla-model-s-autopilot-disab... .. which might make me want to treat it as a licence for software or as a service rather than as a tangible accessory.
24th Sep 2020
If the employees must work "at least" a third of the time and you have to pay 55% of the equivalent salary.. won't every employer planning to use this scheme simply demand the employee work 55% of the hours since they'll be paying for those hours anyway?
2nd May 2020
Looks like they're going to fill in every gap except businesses unlucky enough to actually pay business rates (i.e. almost every business with an office in the SE/major cities).
23rd Apr 2020
Starling is absolutely a bank, complete with a banking license and FSCS protection (unlike Tide).
16th Apr 2020
Our serviced office is on a rolling month to month contract anyway, so I could withdraw the £1400 a month rent we pay (plus £600ish rates) immediately if I so wished. Except.. then we have three offices full of desks and computers and nowhere whatsoever to put them. I suspect enough people are in a similar situation that we still have to pay for our offices even if we're holding our nose while we do so.
9th Apr 2020
"Fair" isn't really the right word in this situation IMHO. Can they claim that money legally? If so, they should fill their boots - high unemployment and potentially higher taxes are looming, so if money can legally obtained from the state, do so.
5th Apr 2020
This is one of those scenarios where you really find out who you can trust when the chips are down.
Whichever sole trader is on the business rates bill is the one who will be getting the grant. If that person is generous enough to share that grant with the other, fantastic. If not, get ready for disappointment.
23rd Nov 2019
If a business owner is looking at, say, a £250k profit just before the end of the company's accounting period under such a tax regime, it may be considered prudent to immediately declare hefty bonuses for the owner/shareholders. It would be taxed as income, but at least it wouldn't be subjected to both corporation tax and then income taxes when extracted as dividends later on.
It's a common occurrence under the current regime to retain profits within the company and extract them later on (perhaps in order to make best use of tax brackets). With the new regime, I don't see such a large motivation to do so, but maybe I'm missing something?
23rd Nov 2019
I see a couple of problems with small businesses with profits >£300k.
First, the incentive to save a "buffer" for a rainy day will disappear. If you can't accumulate profits and then withdraw them later at a rate better or equivalent to a salary, why bother? Companies will begin to run more on cashflow and immediately pay out higher salaries to the owners. This could cause problems when there are economic shocks or simple cashflow issues.
Second, we'll see a lot of tactics for reducing profits to under the magical £300k value. Some of these tactics will, however, be beneficial from a Labour POV.. such as increased salaries/bonuses or bigger pension contributions. Even buying new equipment each year, etc, will ultimately benefit the economy in some way, although it remains to be seen what happens with AIA to make that viable.
19th Dec 2016
I was personally in the very same situation this year. All I did was get the SDLT UTR from our solicitor and then fill out a PDF form provided by the HMRC (though you do have to print and mail it in). Awaiting the money right now but my solicitor brought up no reason why I shouldn't handle it.