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Where Taxpayers and Advisers Meet

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by robbob
Fri Sep 25, 2020 9:18 am
Forum: HMRC Administration, Practices & Methods
Topic: royal mail signed for HMRC
Replies: 1
Views: 221

Re: royal mail signed for HMRC

HMRC generally scan most correpodence - so it may be available to confirm as having being received quicker than you think - i wouldnt presume there is any reason to worry but if you have doubts i would speak to hmrc just to confirm everything is in order.
by robbob
Fri Sep 25, 2020 9:15 am
Forum: Company Taxation
Topic: Company Car Tax
Replies: 2
Views: 18087

Re: Company Car Tax

jvenegas16 You are missing the private use of the car and the benefit in kind Presuming you are limited then there is the p11d benefit issue as jvenegas16 advised thankfully with the 0%/1%/2% current rates this year and next 2 - the tax charge will be relvatively modest . Note p11d benefit at your ...
by robbob
Mon Sep 07, 2020 9:23 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: NI Pay vs Gross Pay
Replies: 2
Views: 516

Re: NI Pay vs Gross Pay

Hi, can anyone tell me why NI pay would be slightly greater than gross pay? You are best to check the elements of your payslip to drill down to difference between gross pay and gross pay for NI purposes - looking at payslips hopefully it should become obvious. As bd6759 has mentioned a change in ta...
by robbob
Mon Sep 07, 2020 9:16 am
Forum: VAT & Excise Duties
Topic: VAT declaration
Replies: 3
Views: 480

Re: VAT declaration

If I got it right, I have to declare to HMRC £46.80. Which is the amount paid by the customer.
Yes that is correct - vat on that will be 1/6 = £7.80 presuming its standard rated item
by robbob
Fri Sep 04, 2020 9:01 am
Forum: VAT & Excise Duties
Topic: VAT declaration
Replies: 3
Views: 480

Re: VAT declaration

Hello Lukas Vat is inherintly very technical unfortunately with very little being as simple as it should be. Do I have to declare the selling price with or without postage Generally I would say the full the selling price is normally what you charge vat on - postage presuming its part of the "deal" w...
by robbob
Wed Aug 05, 2020 9:19 am
Forum: Capital Gains Tax, CGT
Topic: CGT & Income Tax - Does this represent a profit?
Replies: 6
Views: 710

Re: CGT & Income Tax - Does this represent a profit?

I know that I pay capital gains tax on any profit beyond the threshold. But do I then need to pay income tax on it as well? To put it another way, if the only money I make this year is from the sale of ordinary shares (not in an ISA), will I only pay CGT? Thanks again. No its capital gains tax you ...
by robbob
Wed Aug 05, 2020 9:10 am
Forum: Professionals in Practice & Industry
Topic: Did I make the wrong move advice please
Replies: 1
Views: 799

Re: Did I make the wrong move advice please

It's your perosnal choise as to whether you feel ypur location is fit for purpose - its sounds like you feel tis is not the case so perhaps start looking for somewhere more suitable. I guess your problem is that the location you have may be the best on offer. One advantage may be that if lots of peo...
by robbob
Wed Aug 05, 2020 9:06 am
Forum: Income Tax
Topic: Question regarding commuting
Replies: 2
Views: 626

Re: Question regarding commuting

So my question is, can I claim for the full journey from my house to the area of work, given that I am not working from the showroom for the majority of the time? Or would I only be able to claim the mileage from the companies showroom to each client? The answer here would almost certainly be no - ...
by robbob
Tue Aug 04, 2020 11:48 am
Forum: Capital Gains Tax, CGT
Topic: CGT & Income Tax - Does this represent a profit?
Replies: 6
Views: 710

Re: CGT & Income Tax - Does this represent a profit?

My situation matches the worked example quite closely and it appears that the tax is handled in the way I hoped and expected,
wow you are lucky often the hmrc worked examples avoid the exact examples you need an example for!
by robbob
Tue Aug 04, 2020 8:37 am
Forum: Capital Gains Tax, CGT
Topic: CGT & Income Tax - Does this represent a profit?
Replies: 6
Views: 710

Re: CGT & Income Tax - Does this represent a profit?

further advise here with worked examples Notes shares bought back within 30 days are matched with the later purchase or purchase of the same day - so you can avoid that complication by waiting at least 31 days. If you bought back with 30 days follow worked example per link below. also notes gains ar...

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