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Where Taxpayers and Advisers Meet

Search found 1361 matches

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by Lambs
Thu May 02, 2019 9:15 pm
Forum: Capital Gains Tax, CGT
Topic: NRCGT return
Replies: 241
Views: 102212

Re: NRCGT return

The truth is out there...
by Lambs
Sat Mar 30, 2019 5:02 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1670

Re: Marriage allowance - HMRC confused

D, Delighted to hear that you have finally gotten HMRC to see sense. But the effort involved is worrying, and may be one of the reasons why takeup of the new "Marriage Allowance" is lower than expected. One of my personal bugbears was the ridiculously poor guidance issued by HMRC to promote the TTA,...
by Lambs
Thu Mar 28, 2019 10:48 am
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1670

Re: Marriage allowance - HMRC confused

D, We await the P800 with 'bated breath. At least HMRC is clear on the reason why it believes you to be ineligible. The proof of the pudding will be why the calculation deems that to be the case (or not). Please do keep us informed, since it could be that (HMRC thinks) you have some income you are n...
by Lambs
Fri Mar 08, 2019 7:24 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Telephones at NIC & EO temporarily out of order
Replies: 35
Views: 6835

Re: Telephones at NIC & EO temporarily out of order

Fair cop, Guv.

Or as Del Boy would say,

"Mangetout, Rodney, Mangetout."

VB,

Lambs
by Lambs
Fri Mar 08, 2019 11:59 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Telephones at NIC & EO temporarily out of order
Replies: 35
Views: 6835

Re: Telephones at NIC & EO temporarily out of order

Hmm. I'd like to know what exactly is a "Lamb's profanity"?

Regards,

Lambs
by Lambs
Thu Feb 14, 2019 11:47 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1670

Re: Marriage allowance - HMRC confused

Hmm. It seems there are 2 pages to this thread...
by Lambs
Thu Feb 14, 2019 10:56 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1670

Re: Marriage allowance - HMRC confused

B, B******s. Even a cursory reading of ITA 2007 s 10 would show that it is conditional on ANY OTHER PROVISIONS OF THE INCOME TAX ACTS that provide otherwise. The provisions relating to Gift Aid and to pension contributions do exactly that - extend the basic rate limit - rather than give some form of...
by Lambs
Wed Feb 13, 2019 10:45 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1670

Re: Marriage allowance - HMRC confused

R, Note you are close to the h rate limits though and any other income that falls within the "untaxed tax free" savings or dividend allowance could put you over the top even though that income would probably not specifically generate a tax charge itself. A quick point about the interaction between t...
by Lambs
Tue Feb 12, 2019 8:17 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1670

Re: Marriage allowance - HMRC confused

D, I believe your position is essentially correct - see this article https://www.taxationweb.co.uk/tax-articles/income-tax/hmrc-falling-short-with-the-new-transferable-tax-allowance.html which goes into some detail on HMRC's past failings in relation to the Transferable Tax Allowance. HMRC's appreci...
by Lambs
Fri Feb 01, 2019 2:12 pm
Forum: General
Topic: New vehicle for business
Replies: 2
Views: 899

Re: New vehicle for business

P, It matters less where you got the money from and more what you spend it on. In this case, buying a new vehicle for your self employed trade will generally be eligible for Capital Allowances - and Annual Investment Allowance in particular. So a 100% tax allowance in the year/period of acquisition....

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