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I am a contractor operating as a UK Limited company. I have signed a contract with a UK based agency who is paying me in euros into my business UK bank account. However, the contract is to work on site in The Hague Netherlands.
Prior to this, there was a contract to work onsite in Brussels. I...
I am a contractor operating as a UK Limited company. I have signed a contract with a UK based agency who is paying me in euros into my business UK bank account. However, the contract is to work on site in The Hague Netherlands.
Prior to this, there was a contract to work onsite in Brussels. I...
My company cars up for renewal and i have the option of taking a car allowance if i want. I have heard that i can claim tax back on my business mileage if i have my own car. After a little research still not sure if i can so any help confirm this would be a great help:-
At the moment I run a...
Hi,
I received a letter from HMRC to check my Self-Assessment tax return. I was using a partnership for 2 years and HMRC believes that I was receiving loan payments. The partnership is assuring me that these payments were not loans.
The problem is that I know someone else, in similar position...
Hi,
I am in a bit of an accounting quandry brought on through burying my head in the sand. I have saved the tax money due by the limited company, so procrastination is to blame, not intention (however probably not a defence). I am a freelancer earning around 30k - so we are talking relatively...
Hi all,
I'm just thinking, tomorrow is the start of a new tax year where we'll all be worse off (thanks George). In the changes he's taking away the ability to expense travel and sustenance.
So I was thinking of buying an Annual Travel card today (London) for the year ahead, as an expenseto...
From 6 April 2016 there will be an update to with a statutory definition of what can be <mod snip> Benefits in kind have been free of tax for some time, subject to HMRC’s discretion but it has always been difficult to define exactly what constitutes a “trivial” benefit meaning employers often...
I would like to get my contracts checked over to see if they fall within IR35. At present I get clients via agencies, therefore the agent does the contract. However now I want to start doing my own.
Has anyone worked with a good solicitor who can draft IR35 compliant contracts which can be...
"Landlords will sell 500,000 properties in the next 12 months, according to new research from buy-to-let investor trade body the National Landlords Association (NLA).
It says landlord confidence is at its lowest ebb since the dark days of the banking crisis.
The proportion of landlords looking...
I do not know how many of you are aware on the extra tax on dividends that the government is introducing. The government want to stop business owners being paid via dividends to reduce tax bills. This flies in the face of risk & reward for running a business & contributing to the economy. Life...
Labour conference: John McDonnell to push for 'Robin Hood tax' - BBC News
John McDonnell looks set to use his first Labour conference speech as shadow chancellor to push for a "Robin Hood tax" on stock market trading.
New York was the world financial centre until the early 1960s and they...
Hi all,
I have just started running a limited company and I am the director and sole shareholder of this company- The nature of the business is forex day trading.
Last month, I lent the company £10k to be able to start trading and will take back out £10k before year's end so that there's...
Hi,
Sorry for a newbie question:
I have a ltd where I am a director( i am an IT contractor):
my salary as per my payslips is gross 999.60 every month,
I dont know why is this amount: My accountant suggested this figure
How much dividends shall i pay for the period from Apr 2015- Apr 2106 , I...
Hi,
I have paid tax and ni on job that i was made redundant from in this tax year, i am starting to do some contractor work in the same tax year. i am reading that i will pay 2 lots of ni one as employer and one as employee amounting to approx 25% plus my tax which seems a lot and a little...
Hi Forum Members,
British citizen - I have spent the last 3.5 years in Aus and contracting there. I have moved back to the UK and just got a contract at a bank. First time for me contracting in the UK - set up a Limited Company this week and have been contacted by a company called Darwin who...
having been following this website for a while now and finally feel time to jump in and why not start with a complex question
i've been reading through a few of the threads on here and seems that contracting cross border can be tricky and all threads whilst useful dont seem to fully cover my...
... before the money grabbing bastards take more of your hard-earned
Conservatives also announce plans to cut pension tax relief
Assuming they do something along the lines of limiting relief to basic rate, I wonder if this would affect company contributions?
I'm about to set up a new company. I've read around this forum and decided that InTouch looks like the best bet to provide accountancy services. A couple of questions follow - the best answer gets my referral if you'd like it (which will probably be on Wednesday 8th April).
I'll be a...
I was reading this post that was talking about the difference between Assets and Expenses.
Definition of an asset: (from Cojak)
an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
It got me thinking. I have spare...
I purchased a laptop this year, so am counting it as an asset and applying 33% depreciation in my accounts, while claiming first year allowance for 100% of its value in my CT600 calculations.
As this is the first year I've had to do this, I have a question but haven't been able to find the...