Member Since: 21st Sep 2012
14th Feb 2022
Sorry if not clear. My client is an individual and professional trader.
The platform he trades on provides capital to traders so they can trade in larger amounts. Client effectively trades risk free and the platform takes a % of the gains.
The balance sits in the trading account and my client invoices the company in order to withdraw the money he's made.
So the question is once he's above the VAT threshold, will he have to charge VAT? Could it be exempt?
26th Oct 2021
Didn't watch it either but I've been crying out for something like this for years. Just hoping it will work how I picture it to work.
Do you know if it will pre-populate emails using the figures in the Tax Return for tax payment reminders?
2nd Oct 2012
Thanks for your prompt response. I thought as much. I assume you mean will be a deemed disposal on exercise of the shares rather the grant?
The way I see it, there is no benefit for Mr A as an individual? A Ltd gets a CT deduction, the employee receives shares and Mr A is hit with a tax bill