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  1. Where does corporation tax come into the...

    Where does corporation tax come into the equation? You pay CT on your company profits regardless of what you then do with the profits you have left. You take dividends from post tax profits.

    It’s...
  2. You are right, the 40% rule is not legislation,...

    You are right, the 40% rule is not legislation, it is an HMRC guideline for how they interpret the meaning of “significant extent” in the legislation above.

    To that extent HMRCs guidance is...
  3. You should know better than to fall for the...

    You should know better than to fall for the sloppy reporting around these cases, which always focus on the most absurd sounding arguments (the same thing happened with the Lorraine Kelly case and the...
  4. Legally? There's no laws against it. You may of...

    Legally? There's no laws against it. You may of course need to consider:

    * Your mortgage terms. Will your lender mind you sub-letting a part of your home, even if it's only to a business that you...
  5. Terrible idea, which should become very apparent...

    Terrible idea, which should become very apparent if you even spent 10 minutes thinking about it.

    Do one of the following three things, whichever works out best for you in terms of expenses...
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    I’d politely tell them to stick it. I’d walk if...

    I’d politely tell them to stick it. I’d walk if they continue to be unreasonable. Your time is valuable - just as much out of hours of you have family. They are taking liberties expecting your time...
  7. Yes but as NCOTAB says this is based over a...

    Yes but as NCOTAB says this is based over a rolling 24 month period. If you're 1-2 days on-site a week max from the outset you don't really have to worry about it.
  8. Would depend on whether or not the BIK is liable...

    Would depend on whether or not the BIK is liable to class 1 NIC (paid by the employee) or class 1A NIC (paid by the employer). Pretty much any benefit in kind provided by an employer to an employee...
  9. No, CT relief will still be available, but the...

    No, CT relief will still be available, but the expenses will need to be taxed as a BIK on OP personally.
  10. Replies
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    Software dev.

    Software dev.
  11. Replies
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    Everyone's experiences are different...I've never...

    Everyone's experiences are different...I've never worked at a client that hasn't let me use my own laptop. I've never used a client-provided device. I've worked from everything from startups, to...
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    It's possible that because you paid it a month...

    It's possible that because you paid it a month early that HMRC's systems have noted the credit and refunded you. Had the VAT return been submitted and received prior to the payment?

    It might be...
  13. d) get a cowboy hat

    d) get a cowboy hat
  14. You could: a) register as self-employed if the...

    You could:

    a) register as self-employed if the US client is willing to engage you that way. There's no risk to you AFAIK as IR35 doesn't apply to the self-employed, and probably low risk to the...
  15. I created a new category called “trivial...

    I created a new category called “trivial benefits”. It’s not really that important, the accountant records it under employee welfare in my accounts.
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    I'm still happy with Virgin Business. I pay...

    I'm still happy with Virgin Business. I pay £15/month ex VAT which gets me unlimited texts and minutes and 8GB data. I also got a £5/month discount on a business fibre package for 24 months too. This...
  17. Regarding VAT the service should in most cases be...

    Regarding VAT the service should in most cases be subject to the reverse charge because the place of supply is the UK. The supplier will need evidence that this is a B2B supply - usually they will...
  18. Nobody has plot armour anymore. They are dead.

    Nobody has plot armour anymore. They are dead.
  19. I would think they are both pretty dead given...

    I would think they are both pretty dead given half the Red Keep just fell on top of them.
  20. Anyway, why faff around with that approach - if...

    Anyway, why faff around with that approach - if you're both shareholders you'll be entitled to a capital distribution when the company is wound up. Take dividends to use up your basic rate band and...
  21. I have a Starling personal account which I don’t...

    I have a Starling personal account which I don’t really use. I prefer Monzo although I only use it for spending out and about, I haven’t moved away from first direct...yet.
  22. Was it predictable? Most people were...

    Was it predictable?

    Most people were predicting Jon would save the day and that some big names would be killed off because that's what GoT does. Neither of these things happened.
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    I submitted my first MTD VAT return in March for...

    I submitted my first MTD VAT return in March for the period ending in Jan as I had already set it up in FreeAgent.

    DD payment was taken as usual so no problems there but have heard from others...
  24. Wyevale are a garden centre chain. Not...

    Wyevale are a garden centre chain. Not necessarily bad but they aren't going to stock a wide range. You must have a proper nursery or specialist/independent garden centre somewhere near you? I'm in...
  25. Not noticed any issues yet although I don't have...

    Not noticed any issues yet although I don't have a high number of transactions so not worried about small delays.

    I did notice that FreeAgent was unable to auto-explain the transactions as it used...
  26. I enjoyed the episode. Yes there are massive plot...

    I enjoyed the episode. Yes there are massive plot holes, but honestly I think people (book fans, of which I am one) are over-analysing this. Expecting the same level of depth from a TV show with...
  27. Place of supply rules would likely make this...

    Place of supply rules would likely make this outside the scope of Irish VAT so you would not charge Irish VAT. The UK agency will account for VAT under the reverse charge.

    You would need to check...
  28. I’d cancel your order if I were you and try and...

    I’d cancel your order if I were you and try and find a decent local nursery that you can visit and inspect the plants before purchase. I don’t even buy seeds from Thompson Morgan as they are...
  29. Yes, sorry, I thought you were the OP.

    Yes, sorry, I thought you were the OP.
  30. Have you checked you aren't caught by the Limited...

    Have you checked you aren't caught by the Limited Cost trader rules? Most IT contractors will be, which means you percentage will be 16.5% (15.5% in the first year).
  31. I really want a new chair to replace my aging...

    I really want a new chair to replace my aging Arron. I’ve considered the Mirra 2 and Embody. I really like the look of the Steelcase Gesture but it seems very difficult to get hold of over here.
  32. What advice are you referring to? There is no...

    What advice are you referring to? There is no such advice.

    A company can provide an asset for its director/employee if it's needed to do their work. In such circumstances - where it was necessary...
  33. What she earns for another employer is completely...

    What she earns for another employer is completely irrelevant. What SimonMac has told you is correct.
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    I'm a bit confused - why would her tax code make...

    I'm a bit confused - why would her tax code make any difference to her tax calculation on her self-assessment? They are used for PAYE.
  35. Another hassle is that if the value is worth less...

    Another hassle is that if the value is worth less than £1k then it may qualify for relief in the first year under the small pools allowance however FreeAgent does not support this so you’d be left...
  36. Are you asking how to avoid paying tax in your...

    Are you asking how to avoid paying tax in your country of residence at any given time? (You may not stay long enough to become tax resident but that doesn’t mean you aren’t liable to tax there).
  37. I think for most of us on here disbursements...

    I think for most of us on here disbursements aren't something that would come up much, but from how OP describes what they do it sounded like something that might come up for them - I could be wrong!
  38. That depends on if it’s a disbursement or a...

    That depends on if it’s a disbursement or a recharge. If OP is purchasing equipment on behalf of their client (that the client then owns) it should be treated as a disbursement. In which case it’s:
    ...
  39. If you live in Colombia then you’re unlikely to...

    If you live in Colombia then you’re unlikely to be UK tax resident and nobody here is going to have a clue about Colombian tax rules.

    How long have you lived there and how long do you spend in...
  40. I do have some team lead experience in previous...

    I do have some team lead experience in previous contract roles but like you say it’s good to add another one. My rate is about as high as I can push for pure development roles so this gives me one...
  41. I'd certainly expect a new contract and schedule...

    I'd certainly expect a new contract and schedule to be drawn up with a new start date (effective from when agreed) and superseding the old one.
  42. Role change to team lead - negotiation and things to avoid

    I've been working for my current client since last June and renewed at the end of last year up until end of June this year.

    I'm fairly happy that the role is outside IR35 - the contract was...
  43. Both. ;)

    Both. ;)
  44. You can have multiple business accounts. It’s in...

    You can have multiple business accounts. It’s in their FAQ.
  45. Ah you’re right, damn.

    Ah you’re right, damn.
  46. I’ve not used it but just wanted to say you CAN...

    I’ve not used it but just wanted to say you CAN have multiple accounts with Starling. I’m wondering if I should get one as my current balance exceeds the £85k FSCS protection limit.
  47. Finally! Have started the process of switching...

    Finally! Have started the process of switching away from HSBC.
  48. I used to think they were but as per the previous...

    I used to think they were but as per the previous thread on this that you linked to earlier...no they aren't.



    A cash voucher can be exchanged for cash, a gift card cannot.
  49. The rules don't stipulate what you can buy, only...

    The rules don't stipulate what you can buy, only the exceptions that you can't give (e.g. cash, or cash vouchers).
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    Not only possible, but almost certain at this...

    Not only possible, but almost certain at this stage I think.
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