Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Do not show this message again)
Shout99 - News matters for freelancers
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 11th Dec 2018
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Q4. MPs Service Companies
by jez at 16:40 20/11/08 (Question Time)
Hi Mark,

The register of members interests shows that a number of MPs have ltd companies through which they channel earnings for such things as speaking engagements.

How will those MPs be completing the new section of the Self Assessment return marked "Service Companies"?

The current guidance states:

Service companies

Complete this box if you provided your services through a service company. You provided your services through a service company if:

* you performed services (intellectual, manual or a mixture of the two) for a client (or clients); and
* the services were provided under a contract between the client(s) and a company of which you were, at any time during the tax year, a shareholder; and
* the company’s income was, at any time during the tax year, derived wholly or mainly (that is, more than half of it) from services performed by the shareholders personally

Do not complete this box if all the income you derived from the company was employment income.

and 2008-9 the wording will change to:

If you provided your services through a service company (a company which provides your personal services to third parties), enter the total of the dividends (including the tax credit) and salary (before tax was taken off) you withdrew from the company in the tax year.

--
jez
View Comments (Flat Mode) Printer Version
Mail this to a friend
Q4. MPs Service Companies jez - 20/11
    Re: Q4. MPs Service Companies Mark Prisk MP - 20/11
       Re: Q4. MPs Service Companies jez - 8/12
 
Copyright 1999-2018, Shout99.com | All Rights Reserved
Privacy Notice and Terms of Use