Sanzar Partnership? New IOM company

[oracleslave]

any change people could stick to the topic and quit the stupid one liners...

Anyway, it seems that montpellier have responded verbally to some consulatants that there arrangement in unaffected by the changes!!!! I am waiting to see why.

Anybody else heard from them yet?

chance

their

consultants

is

Should we stick to English too?

[dude69]

any change people could stick to the topic and quit the stupid one liners...

No.

Anyway, it seems that montpellier have responded verbally to some consulatants that there arrangement in unaffected by the changes!!!! I am waiting to see why.

Anybody else heard from them yet?

Ha ha. Always trust the nice salesman. Salesmen never lie.

[BrilloPad]

Is that because you were dressed as Superman and scaling the walls of Buckingham Palace at the time?

No - I was holding a 54 foot ladder which Batman and Robin were climbing at 3:30am.

I was a bit lippy and was roughed up. Thrown in back of van. went to talk to rest of support crew. plod came back and said "are you f4j?". me "yes". plod "I am formally de-arresting you". snarled and pointed angrily "dont tell me a porkie again".

seems that were expecting us following night - decision already made to stop us without arresting us. they even let us take our ladder down....

[helen7]

******.

Anyway, back to topic. It seems to responce came from their legal department. Waiting to hear back from them myself today.

[TheFaQQer]

******.

Anyway, back to topic. It seems to responce came from their legal department. Waiting to hear back from them myself today.

response

HTH

[Bradley]

They Dont Know

******.

Anyway, back to topic. It seems to responce came from their legal department. Waiting to hear back from them myself today.

How can they comment when they havent seen the legislation yet?

[helen7]

changes are published on the site. Document is residence-foreign-partners.pdf


1 UK residents and foreign partnerships
(1) In section 115 of ICTA (partnerships involving companies: supplementary),
after subsection (5B) insert—
“(5C) For the purposes of subsections (5) to (5B) the members of a partnership
include any company which is entitled to a share of income or capital
gains of the partnership.”
(2) In section 59 of TCGA 1992 (partnerships) insert at the end—
“(4) For the purposes of subsections (2) and (3) the members of a
partnership include any person entitled to a share of capital gains of the
partnership.”
(3) In section 858 of ITTOIA 2005 (resident partners and double taxation
agreements) insert at the end—
“(4) For the purposes of this section, the members of a firm include any
person entitled to a share of income of the firm.”
(4) The amendments made by subsections (1) to (3) are to be treated as always
having had effect.
(5) For the purposes of the predecessor provisions, the members of a partnership
are to be treated as having included, at all times to which those provisions
applied, a person entitled to a share of income or capital gains of the
partnership.
(6) “The predecessor provisions” means—
(a) section 153(4) and (5) of the Income and Corporation Taxes Act 1970
(c. 10) (as it had effect under section 62(2) of F(No. 2)A 1987), and
(b) sections 112(4) to (6) and 115(5) of ICTA.

1 UK residents and foreign enterprises
(1) After section 815A of ICTA insert—
“815AZA UK residents and foreign enterprises
(1) Where arrangements having effect under section 788 make the
provision mentioned in subsection (2) (however expressed), that
provision does not prevent income of a person resident in the United
Kingdom being chargeable to income tax or corporation tax.
(2) The provision is that the profits of an enterprise which is resident
outside the United Kingdom, or carries on a trade, profession or
business the control or management of which is situated outside the
United Kingdom, are not to be subject to United Kingdom tax except in
so far as they are attributable to a permanent establishment of the
enterprise in the United Kingdom.
(3) A person is resident in the United Kingdom for the purposes of this
section if the person is so resident for the purposes of the arrangements
having effect under section 788.
(4) This section does not apply in relation to—
(a) income of a company resident in the United Kingdom to which
section 115(5A) applies, or
(b) income of a person resident in the United Kingdom to which
section 858 of ITTOIA 2005 applies.”
(2) The amendment made by subsection (1) has effect in relation to income arising
on or after 12 March 2008.

[BrilloPad]

changes are published on the site. Document is residence-foreign-partners.pdf


1 UK residents and foreign partnerships
(1) In section 115 of ICTA (partnerships involving companies: supplementary),
after subsection (5B) insert—
“(5C) For the purposes of subsections (5) to (5B) the members of a partnership
include any company which is entitled to a share of income or capital
gains of the partnership.”
(2) In section 59 of TCGA 1992 (partnerships) insert at the end—
“(4) For the purposes of subsections (2) and (3) the members of a
partnership include any person entitled to a share of capital gains of the
partnership.”
(3) In section 858 of ITTOIA 2005 (resident partners and double taxation
agreements) insert at the end—
“(4) For the purposes of this section, the members of a firm include any
person entitled to a share of income of the firm.”
(4) The amendments made by subsections (1) to (3) are to be treated as always
having had effect.
(5) For the purposes of the predecessor provisions, the members of a partnership
are to be treated as having included, at all times to which those provisions
applied, a person entitled to a share of income or capital gains of the
partnership.
(6) “The predecessor provisions” means—
(a) section 153(4) and (5) of the Income and Corporation Taxes Act 1970
(c. 10) (as it had effect under section 62(2) of F(No. 2)A 1987), and
(b) sections 112(4) to (6) and 115(5) of ICTA.

1 UK residents and foreign enterprises
(1) After section 815A of ICTA insert—
“815AZA UK residents and foreign enterprises
(1) Where arrangements having effect under section 788 make the
provision mentioned in subsection (2) (however expressed), that
provision does not prevent income of a person resident in the United
Kingdom being chargeable to income tax or corporation tax.
(2) The provision is that the profits of an enterprise which is resident
outside the United Kingdom, or carries on a trade, profession or
business the control or management of which is situated outside the
United Kingdom, are not to be subject to United Kingdom tax except in
so far as they are attributable to a permanent establishment of the
enterprise in the United Kingdom.
(3) A person is resident in the United Kingdom for the purposes of this
section if the person is so resident for the purposes of the arrangements
having effect under section 788.
(4) This section does not apply in relation to—
(a) income of a company resident in the United Kingdom to which
section 115(5A) applies, or
(b) income of a person resident in the United Kingdom to which
section 858 of ITTOIA 2005 applies.”
(2) The amendment made by subsection (1) has effect in relation to income arising
on or after 12 March 2008.

Have montpelier given any idea how long it will take to respond to you?

[helen7]

Well most of the management team are away apparently on holiday. But since the budget also targeted a couple of other arrangements they run I am sure they will be back sharpish.

No indication yet as to when they will respond. Communication has never been their strong point

[Lewis]

Well most of the management team are away apparently on holiday. But since the budget also targeted a couple of other arrangements they run I am sure they will be back sharpish.

No indication yet as to when they will respond. Communication has never been their strong point

They booked holidays for budget day, classic!!