Originally posted by northernladuk
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Previously on "Business between spouse's limited companies"
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Originally posted by northernladuk View PostJust 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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Originally posted by northernladuk View PostIntrigued how much PR and one man band IT contractor needs
Originally posted by northernladuk View Postand how much 500 quid a day IT help the PR person needs.
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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Originally posted by TheFaQQer View PostWhy would that be relevant, beyond the points already made about being genuine invoices for work completed?
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Originally posted by santanethy View PostHi,
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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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,Tags: None
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