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Recent content by john@UKCA

  1. J

    VAT on market ticketed entry

    The ticketed entry (normally standard rated for vat) will qualify for the reduced hospitality rate 12.5% from 1st October. Pitch fees are exempt from VAT Need to check out the VAT Partial Exemption Rules to see if they apply - if they do then your vat input tax claims are going to be restricted.
  2. J

    Closing company - overpaid PAYE - hodling up closure

    You should have marked the lump sum payment (FPS submission) as a Final submission by ticking the PAYE scheme ceased’ box and specify the date the PAYE scheme was to close in the ‘Date scheme ceased’ box.
  3. J

    Checking this is how Liquidation works

    why do you only do 50% approx DIS on appointment or just prior and not the full 100%? Surely Insurers discount the Bond if no cash involved for the Liquidator.
  4. J

    Checking this is how Liquidation works

    Not sure there is any risk of losing BADR using the dividend in specie route following HMRC publication CTM61559. https://www.gov.uk/hmrc-internal-manuals/company-taxation-manual/ctm61559
  5. J

    Checking this is how Liquidation works

    That's different to the Distribution in Specie route whereby you withdraw the funds prior to appointing Liquidator - becomes a non cash MVL which also reduces the Bonding Fee.
  6. J

    Checking this is how Liquidation works

    Go the other route if you are worried about it - you distribute funds just prior to placing into liquidation and then the Liquidator immediately declares a "Distribution in Specie" for your shareholder loan thus wiping out any liability you have to the company.
  7. J

    MVL Company recommendations?

    Have used the Frost Group recently for referrals (no commission). £850 + VAT for their Bronze service. Like the fact you don't have to send the company funds to them. They are paid out prior to being placed into liquidation.
  8. J

    Corporate Tax rate for 2017

    Pre - Trading Expenditure Pre - Trading Expenditure Specific deductions: pre-trading expenditure: scope S57 Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005), S61 Corporation Tax Act 2009 (CTA 2009) The above legislation provides relief in respect of certain expenditure of a...
  9. J

    Corporate Tax rate for 2017

    Corporation Tax Accounting period (CATP) Corporation Tax Accounting period (CATP) Actually I think you right here, your company was effectively preparing to carry on business for the period 1 Feb 17 to mid April 17 but did not actually become 'active' for corporation tax purposes until the...
  10. J

    Employment Allowance, To Claim, Or Not To Claim...

  11. J

    Employment Allowance, To Claim, Or Not To Claim...

    https://www.gov.uk/government/publications/employment-allowance-more-detailed-guidance/single-director-companies-and-employment-allowance-further-employer-guidance
  12. J

    Employment Allowance, To Claim, Or Not To Claim...

    I just needed to correct your initial rubbish post about 2 directors not qualifying and dissmissing the CIOT quote. If you bothered to look at the draft legislation published in November 15 and the enacted legislation a few weeks back you would have found that they are the same- nothings changed.
  13. J

    Employment Allowance, To Claim, Or Not To Claim...

    Rubbish that happens to be right! - 2 directors can claim EA! There you go your quote about Accountant should know this - I do (NW clearly dont or are being ultra cautious).
  14. J

    Employment Allowance, To Claim, Or Not To Claim...

    How would you know?- anyway board is not for self promotion as per mods/admins
  15. J

    Employment Allowance, To Claim, Or Not To Claim...

    Suggest you have a read- looks like you have blown yourself up with your own missile! Employment Allowance 2016/17 | AccountingWEB http://www.accountingweb.co.uk/anyanswers/question/employment-allowance-husbandwife-directors http://www.accountingweb.co.uk/anyanswers/question/it-still-partly-there
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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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