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Recent content by Ret
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Accountant recommendation threads inc local requests
I'm looking (in advance) for a firm that would do my self assessment for 18/19 now I've left the UK (I liquidated my company prior to leaving). I was with Crunch when operating the company, however, after closing my account they said they couldn't do my self assessments (gee, thanks!). I expect...- Ret
- Post #492
- Forum: Accounting / Legal
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P85 After moving abroad
I've recently closed my UK business and moved abroad - I was wondering how I notify HMRC that I no longer live in the UK. This HMRC link suggests you would usually fill out a P85 however it says "Send a Self Assessment tax return instead if you usually complete one, for example if you’re...- Ret
- Thread
- Replies: 1
- Forum: Accounting / Legal
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MVL and speed of capital distribution
Thanks for posting here and for your comprehensive reply over email @Maslins. I'm on the same page with regards to your sentiments around the proper way to do this. Although it is less than ideal (I'll need to cancel my flights, ~£900 down the drain) it looks like I'm going to have to have an...- Ret
- Post #11
- Forum: Accounting / Legal
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MVL and speed of capital distribution
Thanks Dom. Day one!? That would be incredible. This is a PSC company I ran so I would have thought it would be pretty straight forward - no money owed (except a little for CT, will be paid when closing accounts are complete). I would consider moving after 80% has been allocated and paying the...- Ret
- Post #3
- Forum: Accounting / Legal
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MVL and speed of capital distribution
I'm looking to emigrate having wound up trading activity on my company. The country I'm moving to taxes all foreign income when you become a tax resident (ie the day you step foot there). This creates a timing problem with the liquidation of my company and when capital is distributed - I was...- Ret
- Thread
- Replies: 13
- Forum: Accounting / Legal
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Drip feed or lump dividend payments?
The only reason I'm asking the question on here is because I _have_ worked out the financial implications of leaving the money where it is. The discussion is more around what to do with this money. I own a house with a mortgage (that doesn't allow an offset) and have investments in stocks and...- Ret
- Post #42
- Forum: Accounting / Legal
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Drip feed or lump dividend payments?
The money needs to be liquid, as I will live off it for the year. Putting it into a mortgage, or a BTL property will not allow me to do this unfortunately. This is what I think I'm going to do - the only problem is it sounds like you need to setup two direct debits from it. Do you use the...- Ret
- Post #9
- Forum: Accounting / Legal
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Drip feed or lump dividend payments?
I have been contracting for a few years now and have accrued enough in the company account that I can effectively take all of my years dividends in one hit or make a payment each month. I figure I'm better off to take all of it one hit rather than leave it in the company account earning no...- Ret
- Thread
- Replies: 45
- Forum: Accounting / Legal
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SIPP Contributions
Hello, As part of setting up a regular pension contribution I have been asked firstly whether I am employed or self-employed and secondly what my current annual "relevant UK earnings" are. Reading around, there seem to be conflicting messages around whether a company director in a single man...- Ret
- Thread
- Replies: 5
- Forum: Accounting / Legal
