Recent content by SteveHa

  1. SteveHa

    CGT selling business

    Deferred consideration does not affect the CGT crystalisation date. Only unascertained future consideration may affect the date, but that is NOT deferred consideration. It is usually consideration contingent on and calculated by reference to some future event.
  2. SteveHa

    Do we need to register for VAT?

    Unless it's holiday lettings.
  3. SteveHa

    Rental accounts and accountant fees

    In law there should be a restriction for non-property parts of the Return. In practice, who the hell is going to care, and no, don't apportion across individual properties; just one figure for all properties.
  4. SteveHa

    HMRC chasing after 12 years! What's going on?

    There is no statute of limitations for a tax debt, and so no time barring. The debt. and associated interest and penalties, still exist. Where a payment is made there is an order of set-off, being: Tax, penalties, interest. Interest is last because it is not itself interest bearing. It is...
  5. SteveHa

    Icy Windows

    Contrary to all the warm water advice, I've found water at room temperature works well, and doesn't carry the same risk of cracking your windows.
  6. SteveHa

    Ltd Co IR35 Confusion

    Almost certainly not within IR35, but ask yourself some questions: Who does the work Do you have more than one client Can you send anyone from the company to conduct the work If you get it wrong, do you have to fix at your own expense Are you able to refuse work if offered Who decides how the...
  7. SteveHa

    Employee/Sub Contractor/Self Employed?

    Are you sure? There's nothing in the OP to suggest that the work being done is even within CIS. There's every chance that none of it is caught by CIS rules, but without further information it's impossible to know.
  8. SteveHa

    Amazon Tax Interview for UK business

    You tick that it's a company. A UK registered company is no different in practice to a US registered company. Your company makes the engagement, not you. The TIN is the company UTR. I assume that you are completing a W8-BEN-E.
  9. SteveHa

    First time tax return PAYE & Sole trader

    You can't claim costs that are not related to the business. This will generally be costs that don't change simply because you are working from home, including council tax, rent/mortgage etc . You can claim in respect of additional costs incurred in working from home, such as heating and...
  10. SteveHa

    Tax implications of accepting a gift from family for work

    To all the responses saying "It's a gift, just accept it", I say mum needs to take advice in Australia. Certainly in the UK, if the total estate is sufficient that IHT will be payable, and if the gifter were to pass within 7 years, then there are inheritance tax implications (it would be a...
  11. SteveHa

    HMRC chasing after 12 years! What's going on?

    Hate to say this, but if this dates back 12 years it is barred from amendment or displacement. Your friend needs to engage with HMRC as a matter of urgency.
  12. SteveHa

    Pre-built vs Custom Built PC’s?

    Yep - which is why I don't buy proprietary pre-built and have always built my own. I can upgrade mine as and when. The likes of Dell (though not the Alienware arm) and HP using proprietary components is a pain.
  13. SteveHa

    Pre-built vs Custom Built PC’s?

    I built my home PC many (20+) years ago. It's a lot like Trigger's broom, and nothing of the original remains. But when you say your machines are in need of upgrade, does the whole machine need upgrading, or just some components. (I've upgraded MB/CPU and kept the same machine more than once).
  14. SteveHa

    Two Artist Sole Traders Forming a Partnership?

    Creative industries have their own rules for taxation (in common with farming), particularly around averaging. You should almost certainly seek accountancy advice.
  15. SteveHa

    UKBF London Meet Up!

    Well, if we are going to weight the results, include people born in Cardiff, and Cardiff probably wins.
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