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Craig@Clarity
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Craig@Clarity
Craig@Clarity has more data than eek
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21st January 2021,
12:45
Craig@Clarity
replied to a thread
Bank account transfer incentive - Taxable ?
in
Accounting / Legal
This sounds like the government backed incentivised switching scheme. I would treat the £4k as "other income" and subject to CT.
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28 replies | 1086 view(s)
17th January 2021,
13:50
Craig@Clarity
replied to a thread
Does the company have to have retained profits to loan money?
in
Accounting / Legal
Yes you can. If the loan amount is outstanding when the year end passes, you have 9 months to repay it back to the company. Any loan balance...
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17 replies | 967 view(s)
14th January 2021,
11:44
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
Yes.
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24 replies | 1174 view(s)
14th January 2021,
11:33
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
Yes it would be allowed. All I'm saying is there is no tax advantage to gain from claiming AIA if you're going to get rid of the bike when you wind...
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24 replies | 1174 view(s)
14th January 2021,
09:50
Craig@Clarity
replied to a thread
DS01 and corporate tax
in
Accounting / Legal
The limited company has to pay the corporation tax for the previous financial year. If the company doesn't have the funds to pay it, call up HMRC...
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5 replies | 374 view(s)
14th January 2021,
09:44
Craig@Clarity
replied to a thread
Sell company iMac
in
Accounting / Legal
When you sell the iMac, raise an invoice for it. The money received from the sale goes into the company bank account. Let your accountant know that...
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18 replies | 837 view(s)
14th January 2021,
09:38
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
In terms of claiming AIA. A balancing charge deals with any overclaim of capital allowances so if you're looking to complete a financial year just...
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24 replies | 1174 view(s)
13th January 2021,
15:06
Craig@Clarity
replied to a thread
Self Assessment Capital Gain Exemption
in
Accounting / Legal
If HMRC aren't expecting you to submit a tax return and all your other income is through PAYE then you don't need to create and file one as the...
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8 replies | 485 view(s)
12th January 2021,
20:56
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
From a corporation tax point of view it makes no difference.
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24 replies | 1174 view(s)
12th January 2021,
17:03
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
Write it straight off to the P&L and post the proceeds to the same account to either create a profit or loss on the disposal of the asset. There...
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24 replies | 1174 view(s)
12th January 2021,
11:38
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
How much was it?
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24 replies | 1174 view(s)
12th January 2021,
09:39
Craig@Clarity
replied to a thread
SATR: topped trading, payments on account and Capital Gains
in
Accounting / Legal
Short answer is yes. Calculate the tax due on the above for this tax year. Divide it by 2 and round it up conservatively to cover any shortfall. ...
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5 replies | 347 view(s)
12th January 2021,
09:30
Craig@Clarity
replied to a thread
Closing my Ltd - bicycle disposal
in
Accounting / Legal
Is the bike purchased and disposed of in the same financial year?
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24 replies | 1174 view(s)
6th January 2021,
10:58
Craig@Clarity
replied to a thread
VAT - UK sole trader providing services to Italian VAT registered company
in
Accounting / Legal
If you're no where near the VAT registration limit and don't want to be VAT registered then you don't have to. As Lance has said, just tell them...
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3 replies | 266 view(s)
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About Craig@Clarity
Basic Information
About Craig@Clarity
Biography:
Accountant for over 19 years with the last 13 years specifically looking after contractors and freelancers.
Location:
Poole
Interests:
Travel, beer and food.
Occupation:
Accountant
Contact
This Page
https://www.contractoruk.com/forums/members/craig-clarity.html?s=72f533290b90d1844b88cd3c363b3aeb
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General Information
Last Activity
Today
10:52
Join Date
4th November 2010
Home Page
http://www.claritytaxation.com
21st January 2021
14:45 -
radish2008
clicked Likes for this post:
Bank account transfer incentive - Taxable ?
by
Craig@Clarity
This sounds like the...
15th January 2021
00:50 -
MrButton
clicked Likes for this post:
Self Assessment Capital Gain Exemption
by
Craig@Clarity
If HMRC aren't expecting...
14th January 2021
11:37 -
cojak
clicked Likes for this post:
Sell company iMac
by
Craig@Clarity
Hello, I bought an...
10:05 -
ladymuck
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Sell company iMac
by
Craig@Clarity
Hello, I bought an...
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