I'm a bit confused why they're insisting on credit card. It's a £30 million turnover company that's been around for 30 years, they've just been bought out be a massive parent company, and have the best reputation in their industry. I did wonder if they were trying to pay it quietly under miscellaneous expenses without management finding out, but they placed the order using a purchase order which is quoted on the invoice so that can't be the case. And I would have though that paying by credit card is more awkward for them then just putting the invoice on the next BACS payment run. It just doesn't make much sense.
Thanks for the above advice - I'll suggest to the client payment by paypal with a 5% addition and see how they respond.
Luckily I'm in a large multinational blue chip and they do have a tax department so maybe I can get some experience there. Please could you help me with a few more questions? :-)
1. If I started in industry working on VAT should I study CTA (indirect tax route) or ATT?
2. Do you know how long the CTA indirect tax route would take? (I've passed ACCA P6 advanced tax)
3. Some people mentioned it's best to start in practice to get variety. If I specialised from the start in just VAT is this still important?
4. How do I learn European sales tax? Is it covered by CTA's indirect tax route?
OK thanks. So ignoring the carryback option, my only option would be to use the EIS tax relief in its entirity for a given shareholding, in only 1 of the next 5 years (including the current tax year)?
I'm carrying back the relief to the previous year (the previous year is the same year as the year for tax return). But do I enter the full £10k, baring in mind my income tax liability for that year is less than £3k? Or should I enter a part of the £10k?
Ahhh... the penny drops. I think I assumed that the tax credit on dividends could only be used in the year that the profit was earned. Well that's good news, thank you very much!
If a large corporation was to use my recruitment agency do you think it's likely that they would be put off by a Nominee Director? Would they think my company was a bit 'mickey mouse'? Would they not care or would they start asking my recruitment consultants who the owner is?
Steve:
My understanding is that legally the website is a tool used by the users to exchange information and that it is the users who are responsable for their comments. For example Facebook isn't responsible for the comments posted on its website. If I get a reasonable complaint from an employer then I do take the comment in question down.
My answers
Thanks everyone,
I'm a bit confused why they're insisting on credit card. It's a £30 million turnover company that's been around for 30 years, they've just been bought out be a massive parent company, and have the best reputation in their industry. I did wonder if they were trying to pay it quietly under miscellaneous expenses without management finding out, but they placed the order using a purchase order which is quoted on the invoice so that can't be the case. And I would have though that paying by credit card is more awkward for them then just putting the invoice on the next BACS payment run. It just doesn't make much sense.
Thanks for the above advice - I'll suggest to the client payment by paypal with a 5% addition and see how they respond.
Thanks,
S
Hi everyone,
Thank you very much for the pointers.
Luckily I'm in a large multinational blue chip and they do have a tax department so maybe I can get some experience there. Please could you help me with a few more questions? :-)
1. If I started in industry working on VAT should I study CTA (indirect tax route) or ATT?
2. Do you know how long the CTA indirect tax route would take? (I've passed ACCA P6 advanced tax)
3. Some people mentioned it's best to start in practice to get variety. If I specialised from the start in just VAT is this still important?
4. How do I learn European sales tax? Is it covered by CTA's indirect tax route?
Many Thanks!
OK thanks. So ignoring the carryback option, my only option would be to use the EIS tax relief in its entirity for a given shareholding, in only 1 of the next 5 years (including the current tax year)?
Hi,
I'm carrying back the relief to the previous year (the previous year is the same year as the year for tax return). But do I enter the full £10k, baring in mind my income tax liability for that year is less than £3k? Or should I enter a part of the £10k?
Thanks,
Stu
Thanks Kaff
Thank you that's very kind advice :-)
Thank you
Ahhh... the penny drops. I think I assumed that the tax credit on dividends could only be used in the year that the profit was earned. Well that's good news, thank you very much!
Many thanks Richard, great advice - I'll start contacting some companies from my old industry tomorrow.
Congratulations on your success.
Thanks for the feedback...
Sir Les:
If a large corporation was to use my recruitment agency do you think it's likely that they would be put off by a Nominee Director? Would they think my company was a bit 'mickey mouse'? Would they not care or would they start asking my recruitment consultants who the owner is?
Steve:
My understanding is that legally the website is a tool used by the users to exchange information and that it is the users who are responsable for their comments. For example Facebook isn't responsible for the comments posted on its website. If I get a reasonable complaint from an employer then I do take the comment in question down.
Thanks for your help,
Stu