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  1. So the great unknown is if HMRC regards it as...

    So the great unknown is if HMRC regards it as income and not a capital gain how will the Swiss tax authorities see it? I suspect it would be seen as income
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    That wasn't aimed at me was it? Mind you I'm...

    That wasn't aimed at me was it?

    Mind you I'm probably a bit to much Eeyore at the moment - you would be if you were hearing current and future market plans from agencies.
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    Given the client has gone on radio silence I'm...

    Given the client has gone on radio silence I'm not sure crossing your fingers is enough
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    But you haven't used your time to move up in the...

    But you haven't used your time to move up in the world which leaves you with a problem now the world has changed.
  5. You ignore the fact that the debtor is known by...

    You ignore the fact that the debtor is known by the director to be unable to repay the debt owed...

    Now look at the accounts again with the knowledge that that £11,411.01 needs to be written off...
  6. Thread: test please delete

    by eek
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    Sticky: A child in twin A's year has Covid so she now...

    A child in twin A's year has Covid so she now needs to self-isolate for the next 10 days.

    I'm going to insist she lives in the west wing (extension) and doesn't leave except for meals.
  7. The company is technically insolvent otherwise I...

    The company is technically insolvent otherwise I would have suggested just a bounce back loan already.
  8. The line in bold is the problem - until he has...

    The line in bold is the problem - until he has paid the CT he can't sort out the other bits and there isn't enough money in the company to pay the Corporation Tax.

    The OP can speak to any advisor...
  9. But you didn't give a clear example - you gave an...

    But you didn't give a clear example - you gave an example that had zero relationship to what you are now trying to do.

    Look we know you completely screwed up the purchasing of your properties...
  10. Because life is unfair - deal with it.

    Because life is unfair - deal with it.
  11. But you control both companies - therefore they...

    But you control both companies - therefore they are the same in HMRC's eyes (third party entities with the same controller).

    Which is different to transferring a property from personal ownership...
  12. Ramsey doesn't hold because stamp duty (and...

    Ramsey doesn't hold because stamp duty (and capital gains tax) is paid as the ownership of the property changes

    Yes there are supposedly ways of avoiding both but none have worked when HMRC comes...
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    Go and find the number for WTT and see what they...

    Go and find the number for WTT and see what they offer.

    There is a big difference between the tax advice your typical accountant can give you and the advice you actually need which is very...
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    Sticky: No - as you had access to the money and that is...

    No - as you had access to the money and that is enough in HMRCs eyes.

    As DealOrNoDeal states your best bet is to ask for the loans to be written off if they are willing to do so. But they might...
  15. I suspect the S455 has been paid to HMRC (it's...

    I suspect the S455 has been paid to HMRC (it's far higher than the outstanding directors loan would make it).

    So the OP needs to borrow £12,000 - pay the Corporation tax, reclaim the S455 and...
  16. Sticky: We would recommend the company formed by the...

    We would recommend the company formed by the former Contractor Umbrella staff - Clarity Umbrella.

    That's not to say that contractor umbrella isn't bad (and they still post here) but with Clarity...
  17. Your options are to get a loan to repay the money...

    Your options are to get a loan to repay the money back to the company or bankruptcy - as you owe the company money it needs to pay that tax bill and HMRC will collect that money one way or another.
    ...
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    Why do you say that as that isn't what Webberg...

    Why do you say that as that isn't what Webberg says - they have dealt with SDs.
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    Sticky: HMRC and the loan are 2 completely separate...

    HMRC and the loan are 2 completely separate things.

    HMRC are looking at the transaction as a whole - they see work you did that wasn't taxed correctly so wish to receive the tax that was due.
    ...
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    You could - it doesn't really work once you are...

    You could - it doesn't really work once you are caught doing it often though.
  21. Thread: MVL alternative?

    by eek
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    It's in the name, you sacrifice your salary and...

    It's in the name, you sacrifice your salary and in return the company pays it directly into your pension pot.
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    Why change your year end - you do a final set of...

    Why change your year end - you do a final set of accounts up to the date of company closure (so January X 2021).
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    Which reminds me - if you have a Statutory Demand...

    Which reminds me - if you have a Statutory Demand and haven't disputed it yet - got on and do so today.
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    Because unless you have advice, getting the...

    Because unless you have advice, getting the advice that you would need were it to get to court would be awfully expensive so sharing costs would be a sensible idea.

    As for why I refer people to...
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    Felicitas asking for the money the trust lent you...

    Felicitas asking for the money the trust lent you is an entirely separate battle to HMRC asking for the tax.

    Speak to WTT
  26. Thread: MVL alternative?

    by eek
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    I think you are demonstrating there that you...

    I think you are demonstrating there that you don't know how salary sacrifice actually works.
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    Just over a 1/6th (£59,995) if you look at auto...

    Just over a 1/6th (£59,995) if you look at auto trader.
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    Rimac drivetrain surely - but Tesla batteries.

    Rimac drivetrain surely - but Tesla batteries.
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    What part of a legal case against an accounting...

    What part of a legal case against an accounting mistake gave you that idea?
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    That actually wouldn't make any difference...

    That actually wouldn't make any difference (HMRC's expenses policy is global) - it's the single contract bit that is all important..
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    You miss the important bit (for us) In...

    You miss the important bit (for us)



    In effect by deciding to live in Swindon while working on multiple contracts he made Swindon his home (poor sod).

    Not that it actually matters as for...
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    https://www.youtube.com/watch?v=0vECGh9hY68

    https://www.youtube.com/watch?v=0vECGh9hY68
  33. Thread: MVL alternative?

    by eek
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    It wasn't pointless - it would have allowed him...

    It wasn't pointless - it would have allowed him to extract the money for himself and then he could have used it to lend a new (second) company money to purchases the BTL properties he continually is...
  34. Thread: Need advice

    by eek
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    It's a company, GDPR relates to individuals even...

    It's a company, GDPR relates to individuals even then does not override business requirements / needs. So just report it
  35. There isn't one.

    There isn't one.
  36. They would have had to pay the screening costs if...

    They would have had to pay the screening costs if you passed or failed them so that's actually irrelevant here.

    Just send them your apologies with an explanation of your reason and that will be...
  37. That is nearly correct the test is not profits...

    That is nearly correct the test is not profits its total assets (before liabilities) - HMRC are also very clear that it is only these simply rules they care about.

    So the parent company really...
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    Most of the time my advice would be just keep...

    Most of the time my advice would be just keep looking you have nothing to worry about.

    However at the moment leaving a secure job is f***** insanity.
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    Sadly I suspect the contract won't start and...

    Sadly I suspect the contract won't start and you've just quit your job without any contract to go to.
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    There is an entire thread about it at...

    There is an entire thread about it at https://www.contractoruk.com/forums/hmrc-scheme-enquiries/140414-things-about-get-very-serious-much-more-real.html - my advice would be to speak to WTT...
  41. Thread: A Choice

    by eek
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    Bin it - the odds of many contracts being outside...

    Bin it - the odds of many contracts being outside IR35 after April is roughly zero as Covid has ensured there is a plentiful supply of contractors and no where near as much work.
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    @nonResident I suspect you are about to be...

    @nonResident
    I suspect you are about to be banned - do not post personal information on this thread - it really doesn't solve your actual problems.
  43. Thread: test please delete

    by eek
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    Sticky: :wave: morning Wished I'd posted when I first...

    :wave: morning

    Wished I'd posted when I first got up - I've been awake an hour.
  44. Thread: test please delete

    by eek
    Replies
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    Sticky: We have a friend who was fined £60 for going to...

    We have a friend who was fined £60 for going to her nearest Asda as it was across the bridge in a different County.
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    There is zero evidence this is Felicitas's last...

    There is zero evidence this is Felicitas's last throw of the dice. This is merely another cheapstake attempt to request money - I'm sure they will continue trying to find other cheap approaches while...
  46. Thread: test please delete

    by eek
    Replies
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    19,298,854

    Sticky: Only a particular mod would do that.

    Only a particular mod would do that.
  47. Sadly that's a common tale and the money is owed....

    Sadly that's a common tale and the money is owed.

    But because you didn't follow their instructions and entered the loans in the place requested on your self-assessment form you now have a bigger...
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    We haven't yet discussed baby goats on this...

    We haven't yet discussed baby goats on this thread.
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    Do they have legal expertise regarding IoM trusts?

    Do they have legal expertise regarding IoM trusts?
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    But what actual work does she do?

    But what actual work does she do?
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