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  1. Anyone else have any thoughts, I’ve heard a tax...

    Anyone else have any thoughts, I’ve heard a tax lawyer on LBC this afternoon confirm this is ok. There is no legal prevention on being employed elsewhere whilst on furlough
  2. I have no idea, but I suspect around the £12k...

    I have no idea, but I suspect around the £12k mark so its tax efficient. Ignoring the subjectivity judgement, technically furloughing themselves from their limited looks legal and in line with HMRC...
  3. Furloughing from limited company and seeking alternative employment

    A few contractor friends are going to be furloughing themselves from their newly repurposed contracting limited companies (i.e. now a real estate purchase and sale SIC) the impact from COVID are...
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    The ownership of the vehicle is in the company’s...

    The ownership of the vehicle is in the company’s name not the lease firms name. So seems like a grey area...
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    business contract lease: VAT impact

    I've received some advice from my accountant, and wanted to validate it here. To claim the VAT back on a business contract lease, does the limited need to be standard rate rather than flat rate. I...
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    Got mine with the 22inch wheels, in caesium blue...

    Got mine with the 22inch wheels, in caesium blue :)
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    Save a lot of cash and just do a contract lease....

    Save a lot of cash and just do a contract lease. Electric cars are in its infancy, battery tech is evolving at lightning pace (pardon the pun) so mitigate your asset from being devalued by simply...
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    BIK rates

    Has anyone tackled the question how you give evidence that an electric car has been used solely for business purposes only, and thus can claim back the VAT paid for the vehicle?
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    2019 electric car and new BIK

    There has been lots of threads on electric cars, but none seems to apply the tasty 2020 BIK incentive. If I’ve been a bit thick and missed a relevant thread citing this specific example please point...
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    2019 electric vehicle: a relevant example

    There has been lots of threads on electric cars, but none seems to apply the tasty 2020 BIK incentive. If I’ve been a bit thick and missed a relevant thread citing this specific example please point...
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    The more observant would have noticed I'm very...

    The more observant would have noticed I'm very new here, and typing in 'office costs' yields a lot of irrelevant results. It would have been much more constructive if you kindly pointed me to the...
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    office refurb costs

    Hi,

    I work from home most days in my home office, and have been contracting for 9 years. I have never invested in my home office to date.
    This year I have decided to invest in some bespoke...
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    No need for churlish undertones. The article...

    No need for churlish undertones.

    The article implies profit / loss on the transaction would be exposed to corporation tax. So if a £10k profit was made, this portion would be relevant for CT,...
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    “The profits and losses of a company entering...

    “The profits and losses of a company entering into transactions involving Bitcoin would be reflected in accounts and taxable under normal CT rules
    IT - the profits and losses of a non-incorporated...
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    I do, he was one of the chaps who provided one of...

    I do, he was one of the chaps who provided one of the inputs I have received. I’m also cognisant this isn’t a run of the mill case study, applications of the regs may be interpreted and applied...
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    Would appreciate your insights on my first...

    Would appreciate your insights on my first paragraph, ie investment loss can only be offset against an investment gain, and not corporation tax. The professional advice I have sought from two...
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    Hi - thanks for your response. I was informed by...

    Hi - thanks for your response. I was informed by someone else that the loss can only be used to offset profits made against profits for another investment, and therefore can not be used to decrease...
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    Investment loss impact on Corp tax and VAT

    Hello,

    I made a bad investment (crypto - no smirking please) last year via my limited and have now cashed out at a loss of £20k. Please could someone advise whether this will have an impact on...
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