Member Since: 24th Sep 2014
7th Sep 2020
Hi John - thanks very much for taking the time to reply - your guess is correct - trade and assets
17th Jun 2020
Thanks a lot for your input Les - much appreciated.
I have searched the usual manuals of HMRC, and dug out the following:
'A company can claim VAT on those goods and services if the tax relates directly to the business to be carried on by it following incorporation and registration for VAT. The six-month limit in respect of services and the four year limit for goods also apply to pre-incorporation claims.'
The above is obviously much easier to apply if John Smith is a sole trader, and then sets up 'John Smith Ltd' to carry on the same trade. It's purely under the circumstances of two sole traders incorporating a company together that made me question whether you could still apply the above.
26th Mar 2020
Hi Arthur - thanks for replying. The idea was that if an employee was paid say £1,000 for the first 2/3 of the month and then £500 for the final 1/3 of the month, the correct procedure was to put a gross amount on the payslip of £1,000 + £400 = £1,400 - the reason being that HMRC would reimburse £400 (that being 80% of the usual gross pay).
Are you thinking that you should still enter £1,500 on the payslip, even if the employer is not topping up the remaining 20% out of their own pocket?
2nd Feb 2020
Hi there I have had the same experience many times. I ended up phoning HMRC on agents dedicated line and an individual processed manually for me over the phone, which went through no problem!
2nd Feb 2020
Thanks so much for the response. That’s really helpful!
31st Jul 2018
Hi there - they are both VAT registered, and complete VAT returns in their own rights
12th Aug 2017
Thanks alot for your answer Tim - much appreciated. Are you aware of whether they will be promopted to pay the additional amount, or does one need to make the contribution themselves?
19th Jul 2017
Thanks for the replies - I'm just going from the guidance which mentions 'You must claim the new State Pension if you reach State Pension age on or after 6 April 2016' - and that mentions 35 qualifying years required
18th Oct 2016
Thanks a lot for this answer. It is most helpful and a route that I will look into going down!
6th Sep 2016
Maybe people post anonymously because not all have a name as catchy as Jack Spratt