tax

  1. K

    CIS Tax Rebates - accountant needed??

    Hi I registered with the CIS a couple of months ago and wanted to know if I need an accountant to handle my tax rebate at the end of the year? If so, if anybody can recommend someone who specialises in this area? I'm in Manchester. Cheers
  2. Spoon

    Smokers pay lots in tax and save public money

    Just thought I'd post this and see what people think. It wont stop people whinging at us smokers though.. :smile: Smokers pay lots in tax and save public money by dying early, report says -...
  3. C

    Diesel vans and the coming tax

    Hello guys Moving forward giving the daily charge of £10 in most large cities to drive a diesel vehicle what are you doing in the wake of this?
  4. D

    Tax and sub-contracting......

    Hi All, Just wondering if someone could give some insight, I've recently become self-employed and registered with CIS and sent my first invoice to a contractor that i am sub-contracting for. I understand that working as a sub-contractor I will have 20% tax taken from the total I sent but I...
  5. N

    insurance tax increase prompting money grab by money grabbing insurers

    yeah so the liability insurance went up, not by much, but i didnt expect it to go up at all given that i never claimed etc. My insurance only cover public liability and it also cover legal fee up to 100k. its £159 year Where do you get your insurance? and how much should insurance cost? Im...
  6. O

    Making Tax Digital - impact on the self employed....

    I was listening to BBC's Money Box yesterday and it sounds as if this will catch the self employed in FY2018 Tax simplification. It's complicated, Money Box - BBC Radio 4 - http://www.bbc.co.uk/programmes/b08byfhs its the first 10 minutes you need to listen to.. So we are going to have to...
  7. M

    Advice on tax free allowance of up to £2500 for mileage, tools and PPE.

    I am on the books at a firm as "transport provided" but very regularly use my own car with no mileage paid whatsoever, only single time rate after 15 miles one way. I also provide the majority of my own hand tools and power tools, as well as things like work pants. I understand you can do a...
  8. O

    Should Tax Credits Be Means Tested?

    I've got a bee in my bonnet about tax credits - they are handed out to millions on the basis of the number of hours you work, the number of kids you have and your income...... .... but they are not means tested, so in the case of an absent parent paying maintenance, this is not included in the...
  9. S

    Tax returns 4 times a year coming soon

    Heard about the proposals from the government for having to submit tax returns 4 times a year? More money to payout on accountants
  10. O

    For Company "Directors" - tax implications ....

    This is well worth a read.... Shocks in the 2016/17 PAYE codes | AccountingWEB Still happy to be a sole trader!
  11. B

    RHI and income tax

    As we are approaching the deadline for 2014/15 income tax returns I was wondering whether RHI income in a domestic scenario should be declared on a tax return? The Government introduced specific legislation to make FIT income tax free, but has not made similar provision for RHI income as...
  12. G

    New road tax system

    So I Receive a reminder yesterday telling me both the vans were due at the beginning of December and this is my last chance to pay before I presume I get fined. My question is have I missed the original letter or do they not remind you now when it is due, Are we now expected to remember when...
  13. M

    Emergency tax

    Hi iv just got my self a apprentiship with a company and im self employed iv worked my first month on emergency tax and was charged 30% insted of 20% i now have my utr number and will hand into my employer Im only 16 so new to this stuff my utr number was under the CIS ( construction industry...
  14. N

    Tax relief for self employed

    I am going back to being self employed next year April/May (got 16th edition so will do 17th). I am aware what I can claim tax relief on, but my question is: This current tax year I will have paid 40% tax on my earnings, so in order to claim 40% tax back on what I spend on the business, will I...
  15. T

    HMRC proposal for Tax Relief for Travel and Subsistence

    This is a proposal that could take effect April 2016. It will effect nearly all self employed contractors either working through agencies or direct to companies. Write a letter to your local MP to raise the issue in the house of commons...
  16. I

    Tax rebate on tools and testing equipment

    I've just got into the self employed/self assessment loop. I don't know which way is up after reading so much bumph. HMRC site just takes you round in circles. Any pointers would be greatly appreciated. I shall be using Cash basis tax format. So does anyone know :- what I can claim for, how much...
  17. HappyHippyDad

    Can I claim on my tax return for money given to charity?

    Evening all.. I am wading through my tax return for the first time ever (had an accountant last year but decided to save the £300!). It's all a bit complicated with all the legal sounding jargon, but I have pretty much completed it. I just wanted to find out if I can make a claim against money...
  18. P

    PAYE tax rebate now im self employed.

    Left my old job last August so i will have paid PAYE tax for 4 months, im now self employed but havent got round to registering online or sorting an accountant yet. Technically i should be due a decent rebate come April but will i get this automatically by cheque or do i have to claim it when i...
  19. L

    CIS, Tax, Materials ??????

    OK here is the scenario....you work for a builder who is CIS registered, you are CIS registered too, he deducts your tax from your invoice to him @ 20%, this is for your labour only and excludes material costs. However you have purchased 10 double sockets for the job @ £4 each and sold them to...
  20. HappyHippyDad

    Can I claim for the day I spend filling out my tax return?

    As the title says really :smile5: If I spend a day completing my tax return can I claim back whatever my day rate is as this is a day that i would be unable to work and is also solely related to the business? Cheers all..
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