Recent content by MorePasta

  1. M

    VAT registered consultant, client in California. How to invoice?

    No - actually I should have recorded the call! My client has no operations in Europe, btw, and I wasn't asked about this aspect.
  2. M

    VAT registered consultant, client in California. How to invoice?

    An update for the benefit of others. Today I phoned the HMRC helpline described my situation and was told that these services are outside the scope of UK VAT and that I should invoice for the net amount. Free advice, due diligence done!
  3. M

    Cycle to work scheme: parts and maintenance

    I have run limited companies in the past (with appropriate professional advice). I do not feel that I know best, merely that my little knowledge is enough for me to be comfortable with a moderate amount of HMRC-related risk, especially when amounts involved are small. I will follow HMRC...
  4. M

    Cycle to work scheme: parts and maintenance

    If it were worth my while, I'd challenge HMRC's guidance on this. Several things they say have no basis in the legislation. Where does the legislation mention an "employee with sole use"? And apparently repairs are taxable "because there is no equivalent for cycles to the rule that removes...
  5. M

    Cycle to work scheme: parts and maintenance

    Thank you for the link, MrPAYE, and sorry for annoying you. I'm going to do some more research myself. With a bike annual service around 20% of the cost of the new bike (more or less depending on the value of your bicycle and parts required), there is an incentive to buy a new bike each year...
  6. M

    Cycle to work scheme: parts and maintenance

    Really MrPAYE? So what if a large employer keeps a pool of loan bikes available at its office for employees to borrow to ride home? Would each employee have to pay (or at least be taxed on) their share of the maintenance cost? What if an employee leaves a company and returns his bike - can...
  7. M

    Cycle to work scheme: parts and maintenance

    Does anyone know whether parts and maintenance of bicycles loaned under the Cycle to Work exemption are taxable benefits of the cycling employee? The guidance document covers capital items but doesn't say who should pay for maintenance and replacement parts. I am thinking of things like new...
  8. M

    VAT registered consultant, client in California. How to invoice?

    I have a new UK Ltd company which I voluntarily registered for VAT - I don't expect to reach the threshold this year. My company has been asked to undertake consultancy services for a client located in California. Consultancy will be provided remotely. From my reading of the "Place of...
  9. M

    Cycle to Work scheme - unpaid director eligible?

    OK, so I'll attempt to answer myself (thanks to more reading of HMRC manuals): The applicability of benefits code to directors is repeated in EIM20200 and EIM20201. The Cycle to Work Scheme is indeed in Chapter 3 and so should be available to me as a director. I also looked at the...
  10. M

    Cycle to Work scheme - unpaid director eligible?

    I am the director of a one-man limited company. I do not have a contract of employment and currently do not receive a salary. All work I do for the company (and I do work an awful lot) is as director. Does anyone know whether I could qualify for the Government's Cycle to Work scheme? Under...
  11. M

    Ltd: can I delay hiring an accountant for first year?

    FWIW I have had initial meetings with accountants and tax specialists.
  12. M

    Ltd: can I delay hiring an accountant for first year?

    Is it reasonable to run a limited company without professional advice for the first year? I would use a formations service, I would keep books in xero or similar, file VAT myself and then pay someome for annual accounts / CT when that time comes. My accounts should be very straightforward...
  13. M

    Typical entry-level price for limited company accountant

    To expand on my original question: by "entry-level" I mean complexity of accounts, not that I'm looking for a bargain. I've been quoted £1,300 per year inclusive of unlimited "support" throughout the year, if that's the right term. I am wondering if I will be paying too much.
  14. M

    Typical entry-level price for limited company accountant

    Can anyone tell me a typical price an accountant would charge a limited company for CT return etc. having no employees and very few transactions? Assume the director keeps good records in xero or similar. Thanks!
  15. M

    "My Name Ltd" already exists in other countries

    My proposed limited company name is available for registration in England and Wales but an internet search turns up a couple of identically-named companies overseas. Identical including the "Ltd" on the end of the name. I don't believe either company trades in the UK, or that either has a...
See more
Top Bottom
Community
Articles
Menu