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Where Taxpayers and Advisers Meet

Search found 1844 matches

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by wamstax
Tue Jul 31, 2018 3:26 pm
Forum: Business Tax
Topic: tax refund query??
Replies: 4
Views: 1501

Re: tax refund query??

You also need to contact HMRC as they may get to the root of the problem if it is an internal fraud
by wamstax
Tue Jul 31, 2018 10:56 am
Forum: Business Tax
Topic: tax refund query??
Replies: 4
Views: 1501

Re: tax refund query??

This needs urgent attention I would be very careful and inevitably you have to wonder why it would appear in your mobile banking but not be duplicated in your online internet banking. I trust that if it seemed to come in you did not require to give any personal financial information or pin numbers e...
by wamstax
Sun Jun 24, 2018 9:56 pm
Forum: Capital Gains Tax, CGT
Topic: Is it Trading income or capital gains
Replies: 1
Views: 551

Re: Is it Trading income or capital gains

A lot would depend on what he did with the property since he inherited it but as the property was inherited and not acquired to refurbish and make a profit from selling there has to be an argument that it is not trading. The method of acquisition would certainly lean towards CGT as opposed to tradin...
by wamstax
Thu Jun 21, 2018 10:00 pm
Forum: Company Taxation
Topic: Pension contributions from Limited company
Replies: 6
Views: 1469

Re: Pension contributions from Limited company

Clearly there is nothing objectionable in your wife being paid a salary commensurate with the duties she actually carries out. As far as the rest is concerned you are doing the correct thing in seeking a third party tax advisor who will be able to examine all aspects of yourselves and the company an...
by wamstax
Thu Jun 07, 2018 9:07 am
Forum: Business Tax
Topic: self employed tax bill from 2001
Replies: 3
Views: 1693

Re: self employed tax bill from 2001

You might even have to make a Data Protection Act request for all information that is held by HMRC to see what evidence they have of the alleged filing position and alleged determination position. If they are saying what the alleged previous years position is then they would have to have information...
by wamstax
Wed Jun 06, 2018 2:15 pm
Forum: Tax Investigations and Enquiries
Topic: Employee Deductions Tax
Replies: 1
Views: 11876

Re: Employee Deductions Tax

Has your top line changed?
by wamstax
Wed Jun 06, 2018 10:58 am
Forum: Business Tax
Topic: self employed tax bill from 2001
Replies: 3
Views: 1693

Re: self employed tax bill from 2001

You could test out (A) the statute of limitations and HMRCs seeming negligence in not pursuing what they allege was an established debt (B) if you genuinely did not trade in the year then their assessment (if any would be invalid) as there’s was no evidence that the source existed for the years. Bac...
by wamstax
Mon May 21, 2018 2:27 pm
Forum: Capital Gains Tax, CGT
Topic: CGT liability
Replies: 2
Views: 456

Re: CGT liability

If a property has been an individual’s main residence at any time and is then let out the individuals gain generated by the let out period can be covered by relief called letting relief which is the smaller of (a) the amount of main residence relief qualified on the property (b) the amount of gain a...
by wamstax
Wed Apr 25, 2018 5:31 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 58267

Re: Help! Sole trader HMRC investigation

Glad you got a sensible solution BUT be careful in recommendations to others as no two investigations are identical and you had the benefit of a discussion with one or two peculiarities. I hope you’re not intending to write a book on handling HMRC lol 😂
by wamstax
Mon Apr 16, 2018 5:05 pm
Forum: Capital Gains Tax, CGT
Topic: PPR declaration on taking back a BTL and living in two properties for the first time
Replies: 9
Views: 1136

Re: PPR declaration on taking back a BTL and living in two properties for the first time

I will certainly use that manual ref e if it comes up as act is a bit more ambiguous Great stuff SteLacca

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