CTA10 mentions deducting donations for computing taxable profits, so my reading would be you cannot create a taxable loss.
"CTA10/S189 (1) and (2) allow the deduction of qualifying charitable donations from a company’s total profits (as reduced by any other relief except group relief) in computing CT chargeable for the accounting period in which they are paid."
I noticed this the other day. I have stripe attached to my xero already and when a customer made a payment through stripe on my xero invoice, I noticed that it went through the new account rather than the old one. I think in practice it doesn't seem to have changed much other than to move everything over to the new account.
My firm's minimum cost for a trading company for accounts and CT is £750+VAT usually, but if I can bash out the accounts in about an hour I have before charged £400+VAT. We charge companies house filings etc. separately though.
My answers
Does anyone actually work at HMRC now (other than in the debt departments!)
Have you tried using the charity number? Unincorporated charities get PAYE schemes and most of them won't have a UTR.
If you go through this, it results in a form which doesn't seem to need a company number if you're a charity. https://www.gov.uk/register-employer
CTA10 mentions deducting donations for computing taxable profits, so my reading would be you cannot create a taxable loss.
"CTA10/S189 (1) and (2) allow the deduction of qualifying charitable donations from a company’s total profits (as reduced by any other relief except group relief) in computing CT chargeable for the accounting period in which they are paid."
A Ltd must have a director, doesn't mean it has one though! (unfortunately)
It's been that quick for at least a year I think. They don't hang around!
I noticed this the other day. I have stripe attached to my xero already and when a customer made a payment through stripe on my xero invoice, I noticed that it went through the new account rather than the old one. I think in practice it doesn't seem to have changed much other than to move everything over to the new account.
It's likely just so that, if it turns out to not be lawful, the gov can turn around and go 'aha!' you lied to us and use it to justify any penalties.
My firm's minimum cost for a trading company for accounts and CT is £750+VAT usually, but if I can bash out the accounts in about an hour I have before charged £400+VAT. We charge companies house filings etc. separately though.
The only line I've got through almost immediately is for (rather unsurprisingly) the large debt department.
If you were going to start recharging, an increase in fees from Companies House is a good 'excuse'.