This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 60 matches

Go to advanced search

by Lsp54
Fri Aug 09, 2019 8:46 pm
Forum: VAT & Excise Duties
Topic: VAT relief on legal fees for community hall
Replies: 5
Views: 6234

Re: VAT relief on legal fees for community hall

Thank you. It's a minefield by the sound of it. Will need to look into this very carefully.
by Lsp54
Fri Aug 09, 2019 5:14 pm
Forum: VAT & Excise Duties
Topic: VAT relief on legal fees for community hall
Replies: 5
Views: 6234

Re: VAT relief on legal fees for community hall

Thank you so much for your reply. I've had a look at Notice 708. As you say it's very interesting. Just one other question: Do we have to register with hmrc as a qualifying build for zero-rating?
Thank you. Ps I may well be seeking specialist VAT advice on this.
by Lsp54
Fri Aug 09, 2019 10:28 am
Forum: VAT & Excise Duties
Topic: VAT relief on legal fees for community hall
Replies: 5
Views: 6234

VAT relief on legal fees for community hall

Hi, I am involved with a local village charity and we hope to build a community hall on a larger piece of community land. Substantial legal fees are being incurred just getting a lease signed with the local Parish Council. Any chance of zero rating being applied to the solicitors' fees? Can anyone a...
by Lsp54
Fri May 24, 2019 6:21 pm
Forum: Business Tax
Topic: Mechanics of claiming carry back of a terminal trading loss
Replies: 2
Views: 4780

Re: Mechanics of claiming carry back of a terminal trading loss

Thanks for your reply. I will have to amend the tax return I sent in, and put in the figure for 'tax overpaid in earlier year'.

Many thanks again.
by Lsp54
Fri May 24, 2019 4:35 pm
Forum: Business Tax
Topic: Mechanics of claiming carry back of a terminal trading loss
Replies: 2
Views: 4780

Mechanics of claiming carry back of a terminal trading loss

I used PTP to file a 2018/2019 tax return for a client showing a terminal loss, and elected clearly on the PTP self-employment pages to carry this back to the previous year. I just phoned the agent helpline and they confirmed this hasn't been activated, and a lady from the technical department infor...
by Lsp54
Fri May 03, 2019 12:53 pm
Forum: Income Tax
Topic: Cease trading but weekly receipts thereafter
Replies: 4
Views: 407

Re: Cease trading but weekly receipts thereafter

Thanks very much. very useful. Helped me think it through.
by Lsp54
Fri May 03, 2019 7:47 am
Forum: Income Tax
Topic: Cease trading but weekly receipts thereafter
Replies: 4
Views: 407

Re: Cease trading but weekly receipts thereafter

Hello, thanks very much for your reply. My client has had to finish work for health reasons and has very limited funds, and these payments are to be received over 36 years, which is much longer than his life expectancy. These sort of arrangements don't always go the full distance. To pay tax on £46,...
by Lsp54
Thu May 02, 2019 11:45 am
Forum: Income Tax
Topic: Cease trading but weekly receipts thereafter
Replies: 4
Views: 407

Cease trading but weekly receipts thereafter

My client ceased trading suddenly in December 2018 due to unexpected ill health. He was applying the cash basis on his income and there was a considerable amount owing from a customer when he finished. He started to receive £25 per week In January 2019. To carry on for many years. He wants to avoid ...
by Lsp54
Tue Jan 08, 2019 3:45 pm
Forum: Income Tax
Topic: Commercial Pilot expenses in tax return
Replies: 0
Views: 252

Commercial Pilot expenses in tax return

Hi,
Is it true that self-funded training and type-rating costs are still not allowable for 2017/2018?
Also, I wonder if commercial pilots can claim the cost of their flying medical examination.
If anyone can confirm these issues I will be very grateful. Many thanks.
by Lsp54
Mon Dec 17, 2018 9:40 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Historical Class 2 contributions backlog
Replies: 0
Views: 513

Historical Class 2 contributions backlog

Hi, I have had a few clients who have been self-employed for many years but when they started out they failed to set up a national insurance record. Since Class 2 NIs were included in self-assessment, the Hmrc software has thrown out my Class 2 amount due. I haven't had any problems sorting this out...

Go to advanced search

cron