Gabriel
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RE: Interest on loan between connected companies
Thank you for your response. I wanted to clarify one more point. In your response to my question, there is a link to an HMRC guide outlining the topic of late interest between connected companies. In the case I am asking about, there is no late interest, only interest agreed in advance on the amount of the loan granted (interest was predetermined in the loan agreement). Do the same rules apply in this case as for late interest? -
RE: Interest on loan between connected companies
Hi, thank you for your reply. Does this rule also apply to connected companies? -
RE: Withholding tax (paid in Poland) and UK CT - Can I deduct the Withholding tax (paid in Poland)
Thank you. May I ask another question? What do you mean by "Claims to relief by way of credit are made to an HMRC Officer"? Do I have to contact HMRC by phone call or a letter to get a claim to relief? If so, what phone number/e-mail address should I use? -
Interest on loan between connected companies
Can interest accrued in connection with a loan between connected companies be tax deductible? A loan was taken out and repaid with interest. The interest was predetermined in the loan agreement. As they are connected companies, can't interest be tax deductible for the borrower? -
Withholding tax (paid in Poland) and UK CT - Can I deduct the Withholding tax (paid in Poland)
Can I deduct the Withholding tax (paid in Poland for example, but it might be any other country) while charging UK Corporation Tax to lower profit? -
Recovering import VAT using C79 with the old EORI number
After exceeding the VAT registration threshold, my LTD company submitted an application to register for VAT UK. We waited over 3 months for registration, in the meantime importing goods into the UK and paying import VAT at the border (we used our old EORI number at that time). As a result, we received information about VAT registration from 01/06/2023 in mid-August. Question: Can we claim a VAT refund on imports paid at the border, based on C79 documents that show our old EORI number, which is not linked to our UK VAT number? - If so, can we also apply for a refund of VAT on imports that were reported on C79 before the date of registration for VAT UK? - If not, is there any other way to apply for a refund of import VAT?