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Where Taxpayers and Advisers Meet

Search found 15 matches

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by classicmechanic
Tue Dec 12, 2017 1:10 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 9823

Re: Help! Sole trader HMRC investigation

Thankyou Bill. Yes i had accumulated the cash from car sales, (people usually seem to pay for cars with cash) I always like to keep a small amount of cash available and I was banking the rest. I needed to top up my business account anyway as it only had about 2,000 in it. Apparently I have til the 1...
by classicmechanic
Mon Dec 11, 2017 10:56 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 9823

Re: Help! Sole trader HMRC investigation

thankyou for your responses. I have been looking over my figures (a lot) The house is technically mine. From 2009 - 2012 my Sister was lodging at the house and she was paying me £400 a month and was also paying me for the council tax which was 148 a month. So she was paying me 548 most months. I was...
by classicmechanic
Mon Dec 04, 2017 2:42 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 9823

Re: Help! Sole trader HMRC investigation

Thanks chaps, the agreement with my sister was that she receives £400 a month and I had a direct debit set up to send this to her bank account. I Therefore did not count this on my tax return, I only put the remainder (net rental after 400 taken off) . Having to pay the tax due on that is not the en...
by classicmechanic
Mon Dec 04, 2017 1:21 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 9823

Re: Help! Sole trader HMRC investigation

Thankyou yes I do need someone to go through it with me, HMRC have all my physical receipts etc, can I request them sent back, or that they at least photocopy everything ?!) maybe I can just do it from the spreadsheet as they should match. THey do have all my bank statements though, maybe I should o...
by classicmechanic
Sun Dec 03, 2017 7:51 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 9823

Help! Sole trader HMRC investigation

Hi folks, new here, I don't know what else to do other than ask for help, as things really are getting on top of me and I'm getting very down about it, I shall try to summarise. I am a single self employed (sole trader) , no kids etc , in rural England in my late 40s I am a car enthusiast (old cars ...

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