Search Results - Contractor UK Bulletin Board

Search:

Type: Posts; User: TheCyclingProgrammer

Page 1 of 10 1 2 3 4

Search: Search took 0.02 seconds.

  1. Generally, any income you earn from the moment...

    Generally, any income you earn from the moment you arrive in Spain, if you're actually working there, should be taxable in Spain. As you say, your worldwide income, i.e. income not derived from work...
  2. Place of supply for VAT purposes will be the...

    Place of supply for VAT purposes will be the Netherlands making the supply outside the scope of UK VAT.

    The customer accounts for VAT under the reverse charge rules. It’s normal to include a...
  3. Whether or not it is caught by the TAAR for...

    Whether or not it is caught by the TAAR for company winding up depends on condition C and D. Condition D relates to whether or not the company winding up was mainly done to gain a tax advantage - you...
  4. Replies
    104
    Views
    3,048

    Company valuation isn't quite *that* simple, even...

    Company valuation isn't quite *that* simple, even for a "PSC". I'd recommend you have a proper valuation drawn up.
  5. Replies
    104
    Views
    3,048

    The original owner of the shares is liable to CGT...

    The original owner of the shares is liable to CGT when they dispose of them (by giving them away).

    The new owner of the gifted shares is only liable to CGT when they subsequently dispose of them,...
  6. Replies
    20
    Views
    2,355

    You should check, but its very unlikely you will...

    You should check, but its very unlikely you will as long as you have permitted development rights (not everyone does, especially in conservation areas or if you live on a new build estate which might...
  7. Replies
    104
    Views
    3,048

    NowPermOutsideUK is right - the disposal of an...

    NowPermOutsideUK is right - the disposal of an asset to somebody other than your spouse or a charity is potentially taxable as a capital gain. This is based on the market value rather than the sale...
  8. Replies
    20
    Views
    2,355

    * Properly lined and insulated building (SIPS...

    * Properly lined and insulated building (SIPS panels or similar)
    * Probably 2.5m square minimum size if you have the space but 3m square even better.
    * Hard-wired data cabling - you'll want to put...
  9. Replies
    26
    Views
    1,622

    Both - there are accounting and tax implications...

    Both - there are accounting and tax implications of owning shares or even share options from a client who is contracted via your Ltd company if those shares/options are effectively a form of...
  10. Your company reserves would be whatever is on the...

    Your company reserves would be whatever is on the bottom of your company balance sheet. Your bank balance is not going to tell the whole story. A company's assets can include retained profits from...
  11. Replies
    26
    Views
    1,622

    Shares or share options? Who owns the shares -...

    Shares or share options? Who owns the shares - you or your company? Did you own the shares already? Were they a form of remuneration and if so has this been accounted for in your company accounts? It...
  12. Replies
    26
    Views
    1,622

    It sounds like you're probably caught by IR35 so...

    It sounds like you're probably caught by IR35 so I wouldn't rock the boat too much on this one if you haven't been operating IR35 correctly. You don't have any employee rights, even if you had been...
  13. Replies
    72
    Views
    12,065

    Well I've just found out that apparently...

    Well I've just found out that apparently FreeAgent will now support the small pools allowances for all CT600s prepared for periods ending on our after 27 October.
  14. No, because the place of supply is the USA which...

    No, because the place of supply is the USA which puts it outside the scope of both UK and EU VAT.

    In your scenario the place of supply would be the client's location within the EU, putting it...
  15. Best guess right now is that things will remain...

    Best guess right now is that things will remain the same.

    From your clients perspective, its no different for them receiving services from you in the UK as it would be from any other country...
  16. Replies
    72
    Views
    12,065

    Unfortunately the CT600 will forever remain...

    Unfortunately the CT600 will forever remain inaccurate for me as long as FreeAgent continues to not support the small pools allowance - my main pool for assets introduced when I first started was...
  17. Replies
    9
    Views
    692

    A couple of posts conflating two different things...

    A couple of posts conflating two different things here...there are two main issues with overdrawn DLAs - interest on beneficial loans and the s455 tax charge. The rules for each are distinct.
    ...
  18. Replies
    24
    Views
    1,170

    I know some people use a purchase price threshold...

    I know some people use a purchase price threshold for determining whether to treat something as an asset or an expense - IMO the logical approach is to base it on whether the item will have any...
  19. It’s taxable income sure, but input VAT on the...

    It’s taxable income sure, but input VAT on the FRS also becomes tax deductible. For most people the FRS surplus on the limited cost trader rate will be wiped out entirely by the input VAT on their...
  20. I would just register for standard VAT. Even...

    I would just register for standard VAT.

    Even with the 1% discount in the first year, if you are planning to buy equipment in the first year the VAT savings on those assets plus the VAT savings on...
  21. Have you confirmed with the umbrella that the...

    Have you confirmed with the umbrella that the advertised rate is before or after employer NIC? AFAIK the advertised rate is supposed to be net of any employer NIC but as we've seen on here it's...
  22. Replies
    10
    Views
    1,379

    I have also had a VAT enquiry - about 10 years...

    I have also had a VAT enquiry - about 10 years ago now - relating to the flat-rate scheme and invoices to non-UK clients. The supplies were outside the scope of UK VAT but FreeAgent was at the time...
  23. Replies
    8
    Views
    407

    Nothing wrong with engaging with a client...

    Nothing wrong with engaging with a client directly as a sole trader - lots of freelancers who don't work through agencies do this, even though it isn't necessarily the most tax efficient set up. Its...
  24. Replies
    47
    Views
    2,162

    I tried one out as it was the one I wanted based...

    I tried one out as it was the one I wanted based on the aesthetics but didn’t find it as comfortable as the Aeron or the Embody.
  25. Replies
    47
    Views
    2,162

    It’s a no brainer to invest money in a good chair...

    It’s a no brainer to invest money in a good chair especially if you mostly WFH.

    Aerons are good but I recently got rid of my 12 year old Aeron for a new Herman Miller Embody. It’s not quite as...
  26. I think the reality is that they want to treat...

    I think the reality is that they want to treat their employees like employees, not independent consultants. That requires either setting up a permanent establishment or using a service like...
  27. If I’m going down the contract route I’d just...

    If I’m going down the contract route I’d just feel more comfortable doing it properly. I am generally quite risk averse.

    Agree about the DPNI scheme but I guess from their perspective it’s not...
  28. I have no plans to travel to the US to work so no...

    I have no plans to travel to the US to work so no worries there.
  29. I’ve suggested we hold off on options until they...

    I’ve suggested we hold off on options until they can offer the perm role. It may affect the strike price but hey ho.
  30. So, some positive news. They do intend to move...

    So, some positive news. They do intend to move all contractors to employment through an employer of record service (remote.com) but in the meantime I’d have to be on contract potentially up to 6...
  31. As above it uses BT LE and it shouldn’t kill your...

    As above it uses BT LE and it shouldn’t kill your battery. On mine it’s been using 1% every day and I’m on 84% battery health.
  32. On the subject of SDC, it is true that I will...

    On the subject of SDC, it is true that I will have a lot of freedom, not just because I’m remote, but I will work my own hours, use my own equipment etc. No arguments there.

    But there will be...
  33. Advice on "employment" with USA-based company

    Bit of an unusual one for me - I recently decided to get out of contracting and return to full-time employment. After several months of looking I have an offer (and possibly a second one around the...
  34. Replies
    75
    Views
    5,325

    I disagree, I think they've got the balance of...

    I disagree, I think they've got the balance of functionality just right. In fact, it may prove to have been a stroke of genius to add the QR venue checkin feature - a relatively simple thing to do...
  35. It's likely to be: a) A random compliance...

    It's likely to be:

    a) A random compliance check, nothing to worry about if your tax returns have been accurate or,
    b) A pre-cursor to an IR35 investigation.

    Either way, as others have said if...
  36. IANAA, but I suspected that it would work like...

    IANAA, but I suspected that it would work like the personal allowance for income tax, where you are entitled to to use the annual exempt amount in whichever way is most beneficial to you, so in this...
  37. Replies
    11
    Views
    722

    There aren’t any restrictions on the first phone...

    There aren’t any restrictions on the first phone provided for mixed use.

    If you’re satisfied the second one meets the wholly etc... test then it would be an allowable expense, just make sure you...
  38. Replies
    8
    Views
    551

    The problem with waivers is that the act of...

    The problem with waivers is that the act of waiving a dividend can create a settlement in its own right, separate the settlement of shares in the first place.

    Whilst the settlement of shares can...
  39. Replies
    11
    Views
    722

    The personal/business phone exemption only...

    The personal/business phone exemption only applies to a single phone.

    A company can supply more than one phone to its employees but any additional phones must meet the usual “wholly, exclusively...
  40. Replies
    14
    Views
    1,104

    Where you are tax resident only impacts where you...

    Where you are tax resident only impacts where you pay tax on your wordwide earnings. You can be potentially liable to pay income tax on earnings from day one in some countries. You may want to get...
  41. I haven’t thought that far ahead yet. More...

    I haven’t thought that far ahead yet. More focussed on getting a new job first, will continue paying dividends in the meantime. Probably Maslins.
  42. ER while the option still exists, it’s a...

    ER while the option still exists, it’s a no-brainer. I don’t foresee a return to freelancing any time soon, if ever.

    Most of the perks available to a freelancer - good pay, freedom to work how,...
  43. OP is recharging for the cost of the fuel...

    OP is recharging for the cost of the fuel incurred, presumably as agreed in their contract. As they aren’t VAT registered the cost to them was whatever the VAT inclusive price was, say £12 for...
  44. I’ve decided to go perm and am currently...

    I’ve decided to go perm and am currently exploring a number of senior/lead roles. A surprising number of perm Ruby roles out there that are paying well (anywhere from £70-100k for a lead role)...
  45. I'm surprised that gambling profits are taxable...

    I'm surprised that gambling profits are taxable for corporation tax - does that mean that stakes are tax deductible? If so I'm surprised.

    But unless I'm misreading OP, I thought they were just...
  46. I would probably let the company pay for it and...

    I would probably let the company pay for it and keep detailed records of every transaction but I'm undecided on whether or not it would be tax deductible against the company's corporation tax bill....
  47. Replies
    30
    Views
    1,209

    AFAICT, it's laughably easy to workaround this.

    AFAICT, it's laughably easy to workaround this.
  48. Replies
    20
    Views
    2,355

    Just to add to my previous post, if you're...

    Just to add to my previous post, if you're working mostly from your garden office, you *could* investigate the idea of renting the space to YourCo 9-5 Mon-Fri for a reasonable rate (it can't exceed a...
  49. Replies
    20
    Views
    2,355

    I have a garden office. I paid for it myself. ...

    I have a garden office. I paid for it myself.

    You cannot expense a garden building built on your own property - trust me I have researched this to death. To be precise, your company could buy it...
  50. Replies
    41
    Views
    1,467

    Second the above, but I would give Starting...

    Second the above, but I would give Starting Strength and Stronglifts a miss. There are better linear progression plans out there. GZCLP is decent, or Greyskull LP. Starting Strength the book is worth...
Results 1 to 50 of 500
Page 1 of 10 1 2 3 4