"There is a reason you separate military and the police. One fights the enemies of the state; the other serves and protects the people. When the military becomes both, then the enemies of the state tend to become the people!"
All of this has happened before, and all of this will happen again
My client's son is in a very busy work period and has spent 4 hours on the telephone trying to set up a gateway ID and get the code I need to report his 88 year old mother's sale of the family holiday home. After seven phone calls he was given the original number he called - it is not nice hearing a middle aged man crying down the phone at you!
There are two issues here, the director wears two hats
They are a director
They are an employee
The two are not the same, they can be furloughed as an employee, their duties in running the company as a director are not the same as those as an employee.
The other consideration was that if the value uplifted because of plans to change to dwellings would that tip it to 18/28% for CGT rather than 10/20% as commercial if taxed under CGT?
I agree the intention was an investment property but the contention I have been given is that the obtaining of planning permission is prima facie evidence of a change of intention so a gain crystalises at that point and any uplift comes under IT.
Where the future intention were to change to dwelling s and then continue letting then I agree the intention is still investment, but if the reason for the planning permission is to uplift the vale for sale I can see ho HMRC might attack that as a change of intention from investment to trading.
I think it is quite grey between enhancing the value of an investment asset and changing it into a trading asset.
I am coming down with the view that if I tell the client the whole gain would be under CGT then it must be with a strong caveat that HMRC could have a counter view.
My answers
It's a joke!
I think if you are non EU you can get one, so from January I assume EU workers can apply as they will need a visa!
https://www.gov.uk/apply-national-insurance-number
I have posted the relevant extract from the link in the OP as I can't here!
This system was designed by a [***].
My client's son is in a very busy work period and has spent 4 hours on the telephone trying to set up a gateway ID and get the code I need to report his 88 year old mother's sale of the family holiday home. After seven phone calls he was given the original number he called - it is not nice hearing a middle aged man crying down the phone at you!
I always got a letter from the client authorising me to set up a VAT DD, therefore acting as delegate.
By the way, we are in the UK, not USA, it is authorised.
Old school is here, VAT C9 DD instruction to download, print, complete and get client to sign and send to HMRC.
file:///R:/RT%20FCCA/CH4155/AML/VATC9_04_18.pdf
There are two issues here, the director wears two hats
They are a director
They are an employee
The two are not the same, they can be furloughed as an employee, their duties in running the company as a director are not the same as those as an employee.
It is not difficult
Controlling party is the one who controls the company, if it is not owned by another company it is also the ultimate controlling party.
If there is a company that owns the controlling party, that is the ultimate controlling party, or if there is a longer chain it is the one at the top.
Pepsi is a major example of this, it is the ultimate controlling party of many many companies, many of which it has no direct share of.
The other consideration was that if the value uplifted because of plans to change to dwellings would that tip it to 18/28% for CGT rather than 10/20% as commercial if taxed under CGT?
I agree the intention was an investment property but the contention I have been given is that the obtaining of planning permission is prima facie evidence of a change of intention so a gain crystalises at that point and any uplift comes under IT.
Where the future intention were to change to dwelling s and then continue letting then I agree the intention is still investment, but if the reason for the planning permission is to uplift the vale for sale I can see ho HMRC might attack that as a change of intention from investment to trading.
I think it is quite grey between enhancing the value of an investment asset and changing it into a trading asset.
I am coming down with the view that if I tell the client the whole gain would be under CGT then it must be with a strong caveat that HMRC could have a counter view.
Seems to be back!
The PAYE desk top viewer is still working if you just want to check coding notices
https://www.gov.uk/paye-online/desktop-viewer
Every accountant should have this as a back up
Thanks for the offer, but it will be Dublin as one of the owners is a dual Irish/UK national.