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Where Taxpayers and Advisers Meet

Search found 36 matches

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by Dave12335
Sun Jul 05, 2020 5:01 am
Forum: Income Tax
Topic: Sa100 box 8 vs box 7
Replies: 1
Views: 1019

Re: Sa100 box 8 vs box 7

Answered my own question here: https://www.taxationweb.co.uk/forum/viewtopic.php?f=6&t=56245&p=206321&hilit=Gift+aid#p206321
by Dave12335
Sat Jun 27, 2020 5:14 pm
Forum: Income Tax
Topic: Sa100 box 8 vs box 7
Replies: 1
Views: 1019

Sa100 box 8 vs box 7

Hi all Does anyone know if you had a figure in box 8 for gift aid carried back in last years tax return (S421 ita07) if you should put the same figure in box 7 in this years tax return ? The guidance suggests yes although I’m not sure why hmrc needs the information again this year or whether they wo...
by Dave12335
Sat Jun 27, 2020 5:09 pm
Forum: Income Tax
Topic: Reduce NI
Replies: 2
Views: 655

Re: Reduce NI

Thanks robbob
by Dave12335
Fri May 29, 2020 7:06 pm
Forum: Income Tax
Topic: HICBC and employee deductions
Replies: 1
Views: 707

Re: HICBC and employee deductions

https://www.mumsnet.com/Talk/legal_money_matters/1650657-Adjusted-net-income

Any thoughts on this ? Link above is the only mention I can find to deducting allowable expenses

Hmrc calculator just ask for salary though so I’m confused.
by Dave12335
Fri May 29, 2020 7:03 pm
Forum: Income Tax
Topic: Reduce NI
Replies: 2
Views: 655

Reduce NI

Can a HRTP reduce employees NI by condensing all their salary sacrifice into a few months of the year below the upper earnings limit ? It appears they effectively cost NI at 2% on the increased and save it at mostly 12.8% on the decreased months so it could save someone about £200 say. Is that worka...
by Dave12335
Sun May 24, 2020 5:22 pm
Forum: Income Tax
Topic: HICBC and employee deductions
Replies: 1
Views: 707

HICBC and employee deductions

Hi tax friends Can I deduct employee expenses when calculating adjusted net income for HICBC purposes ? I understand that the HICBC is charged where adjusted net taxable income is higher than £50,000. Obviously this will include employment income BUT is that earnings or net employment income AFTER t...
by Dave12335
Sat Apr 04, 2020 8:18 pm
Forum: Income Tax
Topic: Covid working from home tax relief
Replies: 4
Views: 1040

Re: Covid working from home tax relief

Anyone any thoughts ?
by Dave12335
Fri Apr 03, 2020 4:46 pm
Forum: Income Tax
Topic: Covid working from home tax relief
Replies: 4
Views: 1040

Re: Covid working from home tax relief

https://www.taxadvisermagazine.com/article/help-home-work Essentially the legislation provides a deduction for costs incurred by those who have to work at home (ITEPA 2003 s 336). The requirements of S336 ITEPA 2003 that the expenses for those employees that have to work at home, must be incurred ‘w...
by Dave12335
Fri Apr 03, 2020 11:37 am
Forum: Income Tax
Topic: Covid working from home tax relief
Replies: 4
Views: 1040

Re: Covid working from home tax relief

You sure about that ?

My reading is that’s the point of Option 2: Employee seeks tax relief section...
by Dave12335
Wed Apr 01, 2020 11:18 pm
Forum: Income Tax
Topic: Covid working from home tax relief
Replies: 4
Views: 1040

Covid working from home tax relief

Hi tax friends Useful article here : https://www.att.org.uk/home-sweet-home-–-tax-relief-home-working If my office is shut so I’m having to work from home, and my employer pays zero expenses, then it looks like I can get expense relief, for a flat £18 a month (pro rated from when the office shut). A...

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