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davids3511

  • Posts: 2506
Re: Advice on franchising please…
« Reply #20 on: October 21, 2021, 08:24:42 pm »
Their argument is that they aren't free consultants.

Which is a horrendous attitude to take when you think about it.
Not really, it's a very specialist area. It's unrealistic to expect HMRC to have loads of very highly specialized staff to advise on every dodge we can think of. Take professional advise, pay for it and bobs your uncle.

AuRavelling79

  • Posts: 25383
Re: Advice on franchising please…
« Reply #21 on: October 21, 2021, 08:41:50 pm »
I have a separate business running from my home address -  .


didnt you get done for that and your red light bulb taken away  ;D ;D ;D ;D ;D ;D

No I replaced it with a blue one and the poacher became a gamekeeper.  :D
It's a game of three halves!

Arnold Palmer

  • Posts: 20778
Re: Advice on franchising please…
« Reply #22 on: October 26, 2021, 02:37:15 pm »
Not really, it's a very specialist area. It's unrealistic to expect HMRC to have loads of very highly specialized staff to advise on every dodge we can think of. Take professional advise, pay for it and bobs your uncle.

So HMRC have an overly complicated taxing system > they expect you to implement for them > collecting taxes on their behalf > if you get it wrong you can be jailed > if you ask them for advice on how to implement it they refuse.

Bob can keep his greasy mitts of my aunt.

NWH

  • Posts: 16952
Re: Advice on franchising please…
« Reply #23 on: October 26, 2021, 03:56:00 pm »
Oi m8 some people think it’s a milestone when they get to the point they are collecting Vat for Rishi,don’t you go knocking em lol.

Mike Burd

Re: Advice on franchising please…
« Reply #24 on: October 26, 2021, 07:22:53 pm »
Not really, it's a very specialist area. It's unrealistic to expect HMRC to have loads of very highly specialized staff to advise on every dodge we can think of. Take professional advise, pay for it and bobs your uncle.

So HMRC have an overly complicated taxing system > they expect you to implement for them > collecting taxes on their behalf > if you get it wrong you can be jailed > if you ask them for advice on how to implement it they refuse.

Bob can keep his greasy mitts of my aunt.
I messed up our first VAT return. They talked me through it and all sorted. That’s about as much as I’d expect and general guidance. I don’t think it’s fair to expect them to tell you which VAT dodge they’d accept and which they wouldn’t. As said above, it’s very specialist advice.

Arnold Palmer

  • Posts: 20778
Re: Advice on franchising please…
« Reply #25 on: October 27, 2021, 05:59:14 am »
Tax dodges shouldn't exist.

mike1986

  • Posts: 432
Re: Advice on franchising please…
« Reply #26 on: October 27, 2021, 08:45:26 am »
Not really, it's a very specialist area. It's unrealistic to expect HMRC to have loads of very highly specialized staff to advise on every dodge we can think of. Take professional advise, pay for it and bobs your uncle.

So HMRC have an overly complicated taxing system > they expect you to implement for them > collecting taxes on their behalf > if you get it wrong you can be jailed > if you ask them for advice on how to implement it they refuse.

Bob can keep his greasy mitts of my aunt.
I messed up our first VAT return. They talked me through it and all sorted. That’s about as much as I’d expect and general guidance. I don’t think it’s fair to expect them to tell you which VAT dodge they’d accept and which they wouldn’t. As said above, it’s very specialist advice.

I think the point of my OP has been misconstrued slightly. I already have a franchise set up and this is the route I wish to go down in terms of growing the business. My thought was, if I were to set up another franchise, why not let that person be my wife as apposed to someone else? Nothing to do with tax dodging or Vat avoidance, as going Vat registered is something that I have no interest in doing either way. Anyway, thanks for the replies

NWH

  • Posts: 16952
Re: Advice on franchising please…
« Reply #27 on: October 27, 2021, 09:05:00 am »
Why not let that person be my wife?,because in the eyes of the Vat man it just looks like your naming her for Tax purposes.

Mike Burd

Re: Advice on franchising please…
« Reply #28 on: October 28, 2021, 07:53:04 am »
Not really, it's a very specialist area. It's unrealistic to expect HMRC to have loads of very highly specialized staff to advise on every dodge we can think of. Take professional advise, pay for it and bobs your uncle.

So HMRC have an overly complicated taxing system > they expect you to implement for them > collecting taxes on their behalf > if you get it wrong you can be jailed > if you ask them for advice on how to implement it they refuse.

Bob can keep his greasy mitts of my aunt.
I messed up our first VAT return. They talked me through it and all sorted. That’s about as much as I’d expect and general guidance. I don’t think it’s fair to expect them to tell you which VAT dodge they’d accept and which they wouldn’t. As said above, it’s very specialist advice.

I think the point of my OP has been misconstrued slightly. I already have a franchise set up and this is the route I wish to go down in terms of growing the business. My thought was, if I were to set up another franchise, why not let that person be my wife as apposed to someone else? Nothing to do with tax dodging or Vat avoidance, as going Vat registered is something that I have no interest in doing either way. Anyway, thanks for the replies
You said you wanted your wife to do it to stay under the VAT threshold.  :D

mike1986

  • Posts: 432
Re: Advice on franchising please…
« Reply #29 on: October 28, 2021, 09:00:42 am »
Not really, it's a very specialist area. It's unrealistic to expect HMRC to have loads of very highly specialized staff to advise on every dodge we can think of. Take professional advise, pay for it and bobs your uncle.

So HMRC have an overly complicated taxing system > they expect you to implement for them > collecting taxes on their behalf > if you get it wrong you can be jailed > if you ask them for advice on how to implement it they refuse.

Bob can keep his greasy mitts of my aunt.
I messed up our first VAT return. They talked me through it and all sorted. That’s about as much as I’d expect and general guidance. I don’t think it’s fair to expect them to tell you which VAT dodge they’d accept and which they wouldn’t. As said above, it’s very specialist advice.

I think the point of my OP has been misconstrued slightly. I already have a franchise set up and this is the route I wish to go down in terms of growing the business. My thought was, if I were to set up another franchise, why not let that person be my wife as apposed to someone else? Nothing to do with tax dodging or Vat avoidance, as going Vat registered is something that I have no interest in doing either way. Anyway, thanks for the replies
You said you wanted your wife to do it to stay under the VAT threshold.  :D


No, you didn’t read it properly. Never mind

Smudger

  • Posts: 13438
Re: Advice on franchising please…
« Reply #30 on: October 28, 2021, 10:19:07 am »
I currently run my own window cleaning business and I also have 1 franchise set up. My turnover is currently just below the Vat threshold and I don’t wish to go above it. Would it be possible for my wife to buy a franchise from my company if it is run as a completely separate business? Obviously this would be a great way to increase the family income and it would mean my business still remaining below the vat threshold. It also would mean I have not deliberately split the business to avoid Vat as my company and my wife’s  franchise would be a completely separate business. Anybody done anything similar? It’s very hard to get any advice online. I asked my accountant and he isn’t sure either.

Seems pretty clear to me what your asking - maybe you just don’t like the answer
Never argue with an idiot, they will only bring you down to their level, and beat you with experience