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Where Taxpayers and Advisers Meet

Search found 10 matches

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by RJUK
Mon Oct 20, 2003 1:49 pm
Forum: Income Tax
Topic: 22% and 40% tax bracket - Goal Posts?
Replies: 7
Views: 30777

<t>Nigel <br/> <br/> thanks for your comments, but <br/> <br/> Personal Allowance = £4,615 @ 0% <br/> Lower Rate Band = £1,960 @ 10% <br/> Basic Rate Band = £28,540 @ 22% (20% on savings income or 10% on dividend income) <br/> Higher Rate Band = Other income @ 40% <br/> <br/> Therefore you would ...
by RJUK
Mon Oct 20, 2003 1:49 pm
Forum: Income Tax
Topic: 22% and 40% tax bracket - Goal Posts?
Replies: 7
Views: 30777

<t>Nigel <br/> <br/> thanks for your comments, but <br/> <br/> Personal Allowance = £4,615 @ 0% <br/> Lower Rate Band = £1,960 @ 10% <br/> Basic Rate Band = £28,540 @ 22% (20% on savings income or 10% on dividend income) <br/> Higher Rate Band = Other income @ 40% <br/> <br/> Therefore you would ...
by RJUK
Mon Oct 20, 2003 10:59 am
Forum: General
Topic: Not Paid Tax for 3 years - is this a problem?
Replies: 1
Views: 1085

<t>I have not paid tax for 3 years as every year the expenses have outweighed the small amount I earn, I am self employed and therefore it isn't a business.<br/> <br/> Just some work I do on the side, but every year so far I have offset against expenses which I am doing properly.<br/> <br/> I am con...
by RJUK
Mon Oct 20, 2003 5:01 am
Forum: Business Tax
Topic: What do we need to keep for tax man records and how long???
Replies: 1
Views: 1972

<t>How logn do we keep our Business Bank Account Statments incase of investigation?<br/> <br/> Also do we need to keep personal accounts statements too as I have online banking and they only stay online for 1 year and I don't get paper ones.<br/> <br/> I never actually use my personal account for bu...
by RJUK
Mon Oct 20, 2003 4:59 am
Forum: Business Tax
Topic: Keeping Expenses Records?
Replies: 1
Views: 1154

<t>I am partly self employed and want an easy way to record all of my expenses so when it comes to tax return it is simple.<br/> <br/> Is there a free shareware program that you can get to record them?<br/> <br/> ie. running costs, staionary etc etc<br/> <br/> I use a excel spreadsheet but it isnt v...
by RJUK
Sun Oct 19, 2003 12:32 pm
Forum: Income Tax
Topic: 22% and 40% tax bracket - Goal Posts?
Replies: 7
Views: 30777

<t>Nigel<br/> <br/> I do not understand the workings, I was under impression the high tax band was £30,500 and that being on 120L tax code meant you would add £1200 on to the high tax band and this is the threshold of 40% tax??? ie. £31,700<br/> <br/> Is this the right answer but done a different...
by RJUK
Sun Oct 19, 2003 10:37 am
Forum: Income Tax
Topic: 22% and 40% tax bracket - Goal Posts?
Replies: 7
Views: 30777

<t>I currently earn £26000 PA and £2000 Bonus plus about £2000 for mechanics on the side of my job which I declare to tax man.<br/> <br/> My worry is I don't want to hit 40% tax bracket as every job I do will be not worth it!<br/> <br/> I have a company car but no fuel and my current code is 120 ...
by RJUK
Sun Oct 19, 2003 10:31 am
Forum: Tax Investigations and Enquiries
Topic: Do Small Guys get Investigated?
Replies: 4
Views: 4123

<t>Food for thought! <br/> <br/> I think I will make sure I get everything down then.<br/> <br/> From a point of view of expenses records, I use Excel, is there some site that outlines how to keep the records ie. stationary/cash in/cash out/running costs/ and so on?<br/> <br/> I want to get this rig...
by RJUK
Sat Oct 18, 2003 11:40 am
Forum: International Tax
Topic: Offshore Bank Accounts ?
Replies: 2
Views: 1820

<t>There is a lot about Offshore Bank Accounts on the net, but a lot of bad info...<br/> <br/> Where can you get one with a resonable deposit and not massive charges as with some.<br/> <br/> I just want to simply have some money in an Offshore should things turn nasty with the missus, enough to back...
by RJUK
Sat Oct 18, 2003 11:19 am
Forum: Tax Investigations and Enquiries
Topic: Do Small Guys get Investigated?
Replies: 4
Views: 4123

<t>I am a normal guy 9-5 worker, but as I started doing some car repairs out of work I thought I had better register self employed too.<br/> <br/> I am upset as to how difficult taxation is for someone like me who works and earns normally by PAYE and then for the odd garage Job I do in the evening b...

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