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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Do I need to Amend Tax Return
on 27/01/2021 09:50, by CG

A self employed client has just amended the dates he received payment for 2 invoices. He had originally dated the payments in May 2019, whereas they were actually received in March 2018. He uses the cash basis. Can I just make an adjustment for this in his accounts ... Continue Reading

Income not withdrawn to bank
on 27/01/2021 01:47, by superconfused

Do I have to pay capital gains on money I have not withdrawn to my account? If so I have a followup question: The amount is in USD but my currency is GBP. How do I know what an authoritative USD to GBP conversion rate would be at the exact date and time when ... Continue Reading

Sole trader paying another sole trader
on 26/01/2021 23:19, by Frankautumn

Hi, this is my first post on here so hopefully someone can help me. I run a landscaping business with 99% of my working being on residential properties. I have pulled in other self employed landscapers from time to time to help when I need them so it maybe for ... Continue Reading

on 26/01/2021 15:54, by kayanos

I'm trying to work out how much money I have to pay hmrc this year. I'm finding the way they give me the calculation confusing My calculation is : £2,580.33 First payment on account due jan £5,319.67 balancing payment due jan £2,580.34 second payment on account ... Continue Reading

CGT and DofT conundrum
on 26/01/2021 11:54, by snoogo

I have a flat in London I am looking to sell but the CGT is baffling me, any help appreciated: -Flat bought March 1996 for £75,000 Lived in as primary residence for 4 years (rented a room/flatshare for 3 years). -Moved out in 2001 and rented it out ever since. -Looking ... Continue Reading

s27 Trustee Act Notice
on 26/01/2021 08:21, by umeshg1

I understand s27 Trustee Act Notice is to allow thirds party creditors to come forward if they have a claim against an estate of the deceased. The S27 notice expired in September 2020 HMRC is considered a third party. In December 2020 HMRC has opened a backdated ... Continue Reading

Will my wife get any additional pension after I pass away
on 25/01/2021 22:03, by bdesouza29

Hi, I'm a 40 yr old man. I have a salary of £50k while my wife has a salary of £10k. I pay in around £500/month into my pension while my wife pays £100/month (Her employer literally gets away by paying £9 into her pension, so I set up a private SIPP for her). ... Continue Reading

ICPA Chairman Tony Margaritelli discusses 3 topics centred around October, including: 1. HMRC Furlough Fraud & Fighting For Your Clients, 2. Think About Yourself, 3. Are You a HMRC Customer.