Clinton was in Harrogate on Friday to speak at the Yorkshire International Business Convention, and the organisers’ accountants Horwath Clark Whitehill contacted the Revenue because the firm needed to know if it should deduct tax at source from Clinton’s fee.
Tim Parr, partner at HCW’s Keighley office, explained: ‘Being overseas-based, it meant if he was an entertainer then we?d have to withhold tax at source.’
But if he could be identified as a ‘statesman’ Clinton could be paid a gross figure. Parr told Accountancy Age he was left biting his nails. ‘We only got the answer Friday and he spoke on the same day.’
The Revenue eventually agreed Clinton could be classified as a statesman but its certificate did nothing to calm doubts. Worryingly it insists the ‘artiste’s name’ is Clinton William Jefferson and his ‘stage name’ Bill Clinton.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy