Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thank you to The Clive for his helpful input.
For me it is worthwhile to apply Income tax rather than CGT because , unfortunately, I have tax losses from prior years that I can offset against gains.
For those who are taking a prurient interest in my Don Quixote-like tangle with the SA tax authorities, I have news.
My registration has been accepted, with no questions asked, and i have had a Live Chat. I am promised a phone call within 21 business days from a "consultant" who will tell me how to reclaim the WT. I remain sceptical but, hey, it's better than walking the streets.
I've never been able to understand why, if the asset is "world class", it's always been so difficult to secure external funding. Is it because the asset is not what it's cracked up to be or because the economic abd financial situation in SA is more cracked up than it should be?
Yes. I hear everyone's pain.
Well, amazingly, i have made a start. I have registered on the site and submitted the documents asked for and receipt has been acknowledged! Let's see what happens next although please don't think I am optimistic.
Thanks for the response.
I am registered as a sole trader, my business being share trading. So trading gains/losses count as income alongside dividends, PAYE earnings, pension, interest etc. I cam also offset income against prior year trading losses. So if it turns out that I don't have to pay tax in 23/4, or at least not much, the my thinking is that i could reclaim the tax paid in SA (I assume there is a double taxation agreement with the UK.)
anyway, more in hope than expectation, i have registered on www.sars.gov.za to see if i can make any progress
You mean they made those purchases because they were convinced the share price they were paying was too high?
I've just bought some more....some mysterious force made me do it. I couldn't resist.
I know it has been a serial disappointment over many years. I know the rpromised land is always just over the next peak (or in this case the next ravine). I know there must be several buckets of gloss smeared all over the presentation.
It's just the proposition seems so compelling. One day, surely, there will be a new contract, and then another one...?
I've kidded myself that because I took some of my enormous profits in Yu Group that i haven't really paid for the Feedback at all.
Nevertheless, as a precaution, i have taken my eldest out of school confident that he will enjoy his new life as a cadet member of the National Union of Mineworkers.
They have dumped Carelocker in India. The locals don't mind their date being sold on.
Otherwise, full of Eastern (and indeed Western) promises about opportunities. They are in talks with national NHS leaders, which would be immense if it led to some sort of UK roll out. Short of that they need contracts with ten CDGs to cover their 4.75m base costs.
I asked a question about what has happened to the vet contract (with CVS, purported to be a huge market). Just as last time...they didn't answer it.
aha, lots to consider there, thanks.
i wasn't actually saying the UK would reimburse the SA witholding tax, merely that that sum could be offset against any UK liability to tax
ive declared foreign dividends before on Self Assessment and one of the questions is about foreign tax already paid on dividends remitted to the UK
If you hold Thungela outside an ISA and pay the witholding tax, surely you can offset this against any UK tax due on this holding because the UK has a Double Taxation agreement with South Africa? You just do it as part of your Self Assessment.
It can't be a fund raise surely, the CEO was buying very recently. Are the results below expectations? Or is someone bailing out? Or is there another technical reason?
so many questions
such befuddlement