Business between spouse's limited companies

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l35kee replied

4 September 2017, 10:32
Originally posted by northernladuk View Post

Just interested to see what they are planning to do. Intrigued how much PR and one man band IT contractor needs and how much 500 quid a day IT help the PR person needs.

I'd be interested in knowing this too. Maybe I should have taken out that radio ad. Still hum the jingle to myself.
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northernladyuk replied

4 September 2017, 09:52
Originally posted by northernladuk View Post

Just interested to see what they are planning to do. Intrigued how much PR and one man band IT contractor needs and how much 500 quid a day IT help the PR person needs.

Need to be careful that 'PR' isn't applying for roles and updating LinkedIn profile.
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Lance replied

4 September 2017, 09:31
Originally posted by northernladuk View Post

Intrigued how much PR and one man band IT contractor needs

Sweet FA

Originally posted by northernladuk View Post

and how much 500 quid a day IT help the PR person needs.

loads..... have you worked with these luvvies before?

As others have stated, if it's honest work at a fair rate then no issue. Although HMRC view will be if it reduces the total tax burden for the 2 companies they'll dig very deep into the detail of what was provided.
If it's tax neutral then I'd question why OP would bother with the paperwork.
Also are both people directors of both companies? If they are then another question would be why bother charging when you're already an officer of the company.
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northernladuk replied

4 September 2017, 09:25
Originally posted by TheFaQQer View Post

Why would that be relevant, beyond the points already made about being genuine invoices for work completed?

Just interested to see what they are planning to do. Intrigued how much PR and one man band IT contractor needs and how much 500 quid a day IT help the PR person needs.
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TheFaQQer replied

4 September 2017, 09:18
Originally posted by northernladuk View Post

What amounts are you looking at here?

Why would that be relevant, beyond the points already made about being genuine invoices for work completed?
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northernladuk replied

4 September 2017, 09:17
What amounts are you looking at here?
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TheFaQQer replied

4 September 2017, 08:49
Originally posted by santanethy View Post

I just wondered what HMRC's position would be if I were to submit an invoice to my partner (I can imagine his face!), or he to me should I ever need any IT help?

If you can show that you did the work then they won't care.
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Mordac replied

3 September 2017, 17:20
Originally posted by santanethy View Post

Hi,

Quick question - my partner is an IT contractor and I work in PR. There have been times when I have helped him promote his business - which if it were anybody else I would have charged for...

I just wondered what HMRC's position would be if I were to submit an invoice to my partner (I can imagine his face!), or he to me should I ever need any IT help?

The only information I can find online is about paying spouse's/partner's salaries out of one limited company... which isn't what I'm after.

Thanks,

I don't imagine HMRC would give a stuff about a legitimate invoice for a business transaction between two limited companies, except if it were a fraudulent way of transferring monies between said companies for the avoidance of corporation tax at year end, for example. But you could always, ahem..."ask your accountant"...
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santanethy started a topic Business between spouse's limited companies

3 September 2017, 16:13
Business between spouse's limited companies

Hi,

Quick question - my partner is an IT contractor and I work in PR. There have been times when I have helped him promote his business - which if it were anybody else I would have charged for...

I just wondered what HMRC's position would be if I were to submit an invoice to my partner (I can imagine his face!), or he to me should I ever need any IT help?

The only information I can find online is about paying spouse's/partner's salaries out of one limited company... which isn't what I'm after.

Thanks,
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