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tax

  1. J

    Umbrella Company Tax Issues

    I'm after some advice following an issue that has arisen after working as a contractor for three months. I got the opportunity to do some contract work and so lept at the opportunity whilst I was in between jobs. As I was new to contracting, I decided to use an Umbrella company and after a...
  2. G

    Most tax-efficient option: living in rented or owned property in London?

    I am an IT contractor working in London during the week and own two properties, one outside of London (Surrey) which is my current ‘home’ address, and also a property I purchased in March in London. I rent a property in London for the purpose of the business – of course, I can put this through...
  3. The Spartan

    Working Outside the UK

    Hi everyone You probably heard this one before but here goes again and before anyone says use the search facility I have and there wasn't a conclusive answer. I'm currently working in Zurich and will be till the end of the year, my contract started on 26/03/2012. What I want to know is when I...
  4. N

    Complete newbie - overwhelmed by the amount of information

    Hi guys! I have a simple question here but it seems that I have to go through tonnes of legal material to get some sort of answer, only to find out that the legal documents are full of ambiguities. I am a fully employed IT professional, paying taxes via PAYEE and it's always been like that as...
  5. T

    Contracting in the UK via HongKong registered company.

    Hi all, I have a question regarding contracting in the UK and be based in HongKong. I am a Dutch resident at the moment, but there is always a time for leaving. So I am "signing" out of the The Netherlands, therefore I am not liable to pay any Dutch taxes anymore. I am planning to open a...
  6. E

    Income Shifting - help needed

    My current situation Just started contracting 5 months ago Company was set up with 1 Share I am not married I am the director - currently no sec I am currently being advised to take only dividends for the remaining tax year - With is fine. THE QUESTION Can I create more shares in the...
  7. S

    Working in the Netherlands

    Hi, I have just secured a contract which will be for the next year beginning in January 2012 based in Holland. My question is regarding tax liability: I am a UK passport holder (born in UK but not lived there for years!) and I will be working through a UK based Agency who will pay me into my...
  8. A

    newbie tax question

    I have had a look through an awful lot of ads offering to avoid tax on contracting income. My question is basically to what extent is it worth bothering, seeing as the vast majority of the advertisers are at best keen on being misleading and at worst outright lying (retain 90% of your pre-tax...
  9. B

    Claim tax back for my laptop/ backup server/ Technet while Umbrella contracting?

    Has anyone who contracts via an Umbrella company claimed (successfully) for tax back for computer equipment (I have bought a laptop and a backup server) and a Technet subscription while being 'employed' by an Umbrella Company? I know self employed people can do this if they own their business...
  10. B

    How to reclaim tax on self paid work training?

    I have two questions about tax. First of all I work in IT, and after my lost job finished in March, I spent £5000+ of my savings with a view to helping me get my next job. How can I claim back the tax (presumably 20%) on this sum, as it is a work related expense? FYI although I have always...
  11. S

    Solar panels supplied by my limited company on my residence, legal?

    Bit of an odd subject line but it was the most accurate way I could think to phrase it. I'm considering having solar panels installed on my home as part of the government Feed In Tariff (FIT) initiative and have been struck by a thought. Could my limited company pay for the cost of the solar...
  12. W

    How much to pay the other half?

    New Ltd company and 1st post... Ok I would like to employ my wife in the most tax efficient manner, this will be her only employment I am torn between paying around the £400 pcm and £600 pcm i think if i pay the 600 i then have to pay other charges (NI contributions etc?) and if i pay upto £442...
  13. Z

    Late paying tax. How much trouble am I in?

    I've been contracting for a couple years off and on, more off than on, and I am currently broke. I have had a letter requiring payment of my tax for 09-10, which was due on March 1st, it's around £1300, but I don't have anything I can spare at all, and likely won't for a few weeks. So, I know...
  14. T

    unclaimed Input VAT from previous quarters

    If for some reason we had failed to account for Input VAT on some purchases in a previous quarter, and these came to light now. How should I proceed to record those values in order to reclaim the VAT? 1. Should I add the unclaimed amounts to the current quarter return? 2. submit an updated...
  15. I

    Contracting income solutions Portugal

    Does anyone have any experience of contracting in Portugal? If so, how did you pay yourself whilst there? I'm going to be offered a 12-18 month contract there, and will resident in Portugal during the contract. I've seen some umbrella companies offer standard PAYE packages, but that's the least...
  16. J

    Contracting in Ireland with UK ltd company

    Has anyone here contracted in Ireland via their UK ltd company? I have the possibility of a contract in Dublin. The contract should allow me to work remotely at least a couple of days a week. If I'm not going to be in Ireland for more than 183 days in their tax year, or 280 days across 2 tax...
  17. S

    UK Ltd company / Now based in NZ / Working for same global company

    Hi, I have been working for a company in the UK (Global company with offices in UK). During my time in the UK I set up a UK Ltd company to contract through. I have since moved to NZ where I am living and continue to work for the same company. My contract is being extended and the company is now...
  18. S

    UK contractor working in UK for US based company : advice needed

    Hi I'm a first time contractor and about to sign a contract to work for from home (UK) for a US based firm. Looking around on t'internet a bit it looks like I'll fall inside of IR35 so is my only option to use a umbrella company or are there any other alternatives? Plus I've read that I may...
  19. W

    Corporation Tax inside IR35

    I received a surprise this morning with a bill for corporation tax. I am working fully inside IR35, and had assumed that since all earned income must be paid as PAYE, there would be zero company profits, and therefore no corporation tax to pay. it looks like the accountant has counted...
  20. DimPrawn

    Gold coins - buying

    Sovereigns or Britannias? Note: It makes no sense if you are a UK tax payer to buy Krugs or any other non-UK gold coin as there is no CGT to pay on legal tender coins. eBay.co.uk Guides - CGT Capital Gains Tax Exemption on Gold Sovereigns
    • DimPrawn
    • Thread
    • cgt gold investment tax
    • Replies: 15
    • Forum: General

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  1. Contracting
    1. General
      1. Brexit
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      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
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      3. The Future of Contracting
      4. IR35 Reform
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    5. Welcome / FAQs
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