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Where Taxpayers and Advisers Meet

Search found 2711 matches

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by robbob
Thu May 16, 2019 8:08 am
Forum: VAT & Excise Duties
Topic: 5%VAT conservatory Roofs/conversions
Replies: 2
Views: 94

Re: 5%VAT conservatory Roofs/conversions

Hello Linzi Notice 708/6 is probably the best starting point - specifically section 2.3.3 as you say energy saving materials. I wouldn't worry about knowing the full chapter and verse in this regard as there can be any number of reasons why reduced rate may apply. Personally i would always ask anyon...
by robbob
Wed May 15, 2019 11:05 am
Forum: General
Topic: High Income Child Benefit Charge Query
Replies: 1
Views: 58

Re: High Income Child Benefit Charge Query

Hello John1978
You are fine

You won't have any problems as long as your P60 taxable salary is below 50k and you have no p11d benefits or other taxable income
by robbob
Tue May 14, 2019 9:54 am
Forum: VAT & Excise Duties
Topic: Record keeping under MTD for VAT
Replies: 5
Views: 165

Re: Record keeping under MTD for VAT

Thankfully hmrc have issued new guidance in relation to the batching of invoices under MTD where the invoices are in the same tax period are from the same supplier and are covered by supplier statements - so not a fix for individual transactions on a business credit card but it does solve the more p...
by robbob
Thu May 09, 2019 10:07 am
Forum: Property Taxation
Topic: Losses to carry forward
Replies: 2
Views: 86

Re: Losses to carry forward

(It would be easy if I was filling in the paper tax return - perhaps that's the answer :-( ) To be fair the days of paper returns were a complete nightmare - one wrong or missed box and then hmrc would amend 19 correct boxes later on rather than just realise that there was an error in that earlier ...
by robbob
Tue May 07, 2019 3:03 pm
Forum: Capital Gains Tax, CGT
Topic: Tax Rates
Replies: 1
Views: 77

Re: Tax Rates

Am I right in interpretting this to mean that any part of the gain added to taxable income but within the basic rate band (currently £50,000) is chargeable at 18% and the balance above that is charged at 28%? For instance if the gain is £70,000 and the taxable income is £40,000 CGT is charged at 18...
by robbob
Thu Apr 25, 2019 8:12 am
Forum: Income Tax
Topic: Car Allowance and Fuel Card: Mileage allowance
Replies: 2
Views: 153

Re: Car Allowance and Fuel Card: Mileage allowance

1. Is car allownace considered maintenance and running cost of your private car OR employer contribution towards your new/private car? Generally car allowance is taxed in the same way as salary, check with your employer though to confirm this is the case. 2, If car allowance is not running/maintena...
by robbob
Wed Apr 17, 2019 1:31 pm
Forum: Income Tax
Topic: British resident in uk receive German Pension
Replies: 13
Views: 161

Re: British resident in uk receive German Pension

Here is the link to that thread

https://www.taxationweb.co.uk/forum/viewtopic.php?f=6&t=52409
by robbob
Wed Apr 17, 2019 1:30 pm
Forum: Income Tax
Topic: German Pension taxed in the UK
Replies: 21
Views: 17448

Re: German Pension taxed in the UK

German pension thread of relevance to recent german pension question on other thread.
by robbob
Wed Apr 17, 2019 1:28 pm
Forum: Income Tax
Topic: British resident in uk receive German Pension
Replies: 13
Views: 161

Re: British resident in uk receive German Pension

My understanding was that, assuming you are UK resident, then the German pension would be declared as part of your worldwide income. Then you would claim a credit for any tax paid in Germany. I think German pensions can be quirky - there is an old thread on here somewhere that will probably have mo...
by robbob
Wed Apr 17, 2019 8:08 am
Forum: Income Tax
Topic: Cash Basis Queries
Replies: 2
Views: 120

Re: Cash Basis Queries

1. Loans/Credit Card - I purchased some new equipment in 2018/19 using credit. Do I need to record this as one expense OR record an expense for each individual monthly repayment? Seems to be a bit of a grey area. The equipment has been paid for (you now owe credit card company/loan company not equi...

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