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Recent content by andyc2000

  1. A

    Company car and reasonable use

    Oooh company car chat and electric/BIK. Current car is 13 years old, 120k on the clock. I've been looking at leasing a RAV4 - need a reasonable sized boot. Accountant said don't bother with that as a company car and then pointed out BIK for full EV is frozen at the 1% band next tax year and 2%...
  2. A

    HMRC Enquiry letters on Loans from EBT and other schemes

    You'd have to lie to get a remortgage to pay a tax bill and I guess that's mortgage fraud... Similar with personal loans - I said it's to pay a tax bill and they refused me. Eventually I did a debt consolidation on a loan and then paid the first lump of APN on a CC. As I understand it, it is...
  3. A

    Trusts Registration Service

    Sounds very fishey Sounds very fishey Are HMRC going to base the loan charge and what they already say you owe or on what the Trustee says (or makes up)??? Or both?
  4. A

    40,000 people to be hit by loan charge

    Stitched up like a kipper Stitched up like a kipper So even if you've paid the APN in full, with no method now to settle, they'll come after you for even more? Or less - I think they told me it wasn't a loan and I/they have no proof it's a loan, so how can the bloody thing be outstanding loan...
  5. A

    SmartPay Loan Payments

    Oh dear Oh dear I got a loan to pay off some of my APN (essentially a bill), so is hector now going to treat that as income and expect it to be taxed accordingly?
  6. A

    HMRC Scheme Enquiries: Network One

    Being punished for the crimes of others, where have i heard that before...
  7. A

    BIG GROUP

    Count me in also.
  8. A

    Edge EBT thread

    Hmmm - I can't find the section about discovery time limits - I think it's been 'doctored'...: SALF410 - Enquiries into Tax Returns: procedures for making HMRC Assessments SALF410 - Enquiries into Tax Returns: procedures for making HMRC Assessments Section 30A The procedures for making HMRC...
  9. A

    HMRC Enquiry letters on Loans from EBT and other schemes

    The dog ate it. The dog ate it. APNs and warning letters starting to come in in dribs and drabs. The dog very kindly ate (what I suspect) is the first one, although it may have been the pre warning for the second one. Who knows...
  10. A

    Can I buy silver VAT free and as a company asset?

    Not really sure - something about certain coins in Estonia recognised as currency. I have had a couple of batches from them with no issues. My first shipment was a very small amount from a company based in Jersey and that was intercepted for VAT at customs.
  11. A

    Can I buy silver VAT free and as a company asset?

    Wide speculation on the future price of silver - most silver currently invested is 'on paper' only and doesn't exist in real life - you could describe it as a fiat currancy - not sure if that's pushed the price down but historically it's been 5:1 silver to gold, that may or may not return...
  12. A

    Selling shares

    Are you able PM me the details of your specialist? I'm getting the feeling not many people do this after a few years of running the company. Thanks
  13. A

    Selling shares

    This is more like it. Net asset value = £1200 (ish). No other income stream - just contract work.
  14. A

    Selling shares

    About £1000?? I don't know - it goes out and back in anyway.
  15. A

    Selling shares

    I have spoken to my accountant (SJD) - who couldn't help much more, they didn't seem to think it is an issue - just need to cover all the bases. If I just use the profit from my SA then the company value is something like 240K (as if). But last year, after dividends I had residuals of 0. Not...
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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