Sorry who are WTT? And has anybody actually been removed for the 50% rule yet?
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Churchill Knight & Boox clients being investigated as Managed Service Companies
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Originally posted by isaaaaaaaaccc View PostSorry who are WTT? And has anybody actually been removed for the 50% rule yet?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by isaaaaaaaaccc View PostSorry who are WTT? And has anybody actually been removed for the 50% rule yet?
As of today I still don't know if my company has been removed from the investigation as a whole or had legislation correctly applied to 17/18 (and 18/19). I suspect HMRC are in no rush to allow the account payments to be sent back either.
I would guess (guess) some of the 73 have the 50% rule, some are struck off and some have the employee legislation applied.
This is why I have said all along gather every little bit of evidence you have and get someone to look at it.
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Originally posted by jamesbrown View Post
Including salary?
Sure, speak to WTT, especially if it's far below 50% of the invoiced amount (ex VAT).Comment
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Originally posted by GregRickshaw View Post
Over 73 CK clients had their determinations cancelled/retracted I have previously shared why MSC legislation did not apply for all the years of the investigation others on here may share why theirs have been cancelled.
As of today I still don't know if my company has been removed from the investigation as a whole or had legislation correctly applied to 17/18 (and 18/19). I suspect HMRC are in no rush to allow the account payments to be sent back either.
I would guess (guess) some of the 73 have the 50% rule, some are struck off and some have the employee legislation applied.
This is why I have said all along gather every little bit of evidence you have and get someone to look at it.
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Originally posted by antuk View Post
Yeah dividends and salary was around 24%, goes up higher if we include expenses but I assume it doesnt but even if it does then im still under 50%
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Originally posted by antuk View Post
Yeah dividends and salary was around 24%, goes up higher if we include expenses but I assume it doesnt but even if it does then im still under 50%Comment
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Originally posted by antuk View Post
Do you know if any Boox clients had similar treatment, or if HMRC has only looked at the CK ones so far?
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Originally posted by Chevalier View Post
It’s all payments including expenses…the intention is to remove any tax advantage compared to an employee…. And generally employees can’t claim expenses such as travelling to work..Comment
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Originally posted by antuk View Post
I assume this doesn't include company specific costs - public liability insurance, business bank account costs etc, stuff a normal employee wouldn't incur
On the other hand you will need to include any payments (salaries, dividends etc) paid to a wife, partner etcComment
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