tax

  1. L

    Gereral tax question

    Hello noticed Grumpy is not online, so does anyone happen to know what happens at the end of the tax year when you have an unpaid invoice ? Have one outstanding for £1672.00, unlikely that it will ever be paid. Percentage of this is materials, do you still give it to your accountant, how do...
  2. D

    tax rebate, to paye or not to paye!

    Hi guys, my accountant phoned me today to tell me that he'd completed my 2007-2008 accounts and that he had calculated a tax rebate of approx £2500. Now do I pay some off my outstanding tax bill, or off my household visa bill, or will inland revenue decide that for me!:dizzy2:
  3. G

    Just paid my road tax

    :smash:
  4. G

    small businesses and tax - Chancellor's announcement?

    Don't know if anyone picked up on this but there was an announcement that small businesses will be able to pay their tax basically when they can. In effect - a tax holiday while times are tough. I guess this applies to corporation tax, but does anyone know if it might also apply to the self...
  5. J

    Tax at source for subbies grumps?

    Hi all, especially Grumps. Just a quickie, if I have a few guys contracting for me paid per sqm can they just send me an invoice that I pay complete to them and let them sort out their tax, NI etc or do I have to Tax them at source?
  6. C

    Tax Threshold

    Got a mesage from my accountant the other day that the 40% limit has/is being dropped down to about £34,500. Can anybody (probably Grouters) provide any more info on the subject? As I already earn a good wage from the Fire Service it means that pretty much any profit I earn from tiling will be...
  7. O

    Tax Enqiury's

    My accountant has written offering a type of insurance policy which for £70 a year would cover any cost incurred as a result of a tax enquiry. Anyone have one similar, think its worthwhile?
  8. E

    Are course fee's tax deductable?

    Hi all, Looked at various other threads and everyone mentions tools, van etc but not the actual tiling course fee's. They probably are but I just wanted it confirmed. Thank you Si
  9. G

    new van - crew cab and tax implication

    Things are going well right now. So well that I am looking for a bigger & better van. I have a wife and 2 children so I am looking for something with at least 4 seats. Lease hire - not purchase. I would like the Merc Vito Sportline although I've not looked into prices yet! Does anyone know...
  10. I

    CIS Tax Payments by contractor

    Have recently starting doing some subbie work for a builder who takes 20% as per CIS scheme. Just gone into a cold sweat wondering how can I be sure that money taken is given to tax man on my behalf? I guess it'sopen to abuse because contractor could pay me 20% less & then not hand over the tax...
  11. M

    offsetting the price of a van against your tax

    Hi all I'm looking into getting a new van using a lease purchase scheme, I realise that this can work out alot more expensive than buying outright but apparently you can set the monthly payment amounts to suit your earnings, also I understand that some of the cost of the van could be offset...
  12. M

    Self Employed Tax Returns

    I was working labouring for a builder as self employed, but to be honest didnt have a great undestanding. I was getting taxed 20% a week but my boss was paying my tax for me. I have unregistered as beign self employed and couple of weeks ago i had all the tax returns information sent to me. But...
  13. H

    Short Form Tax Return

    Hi all, I have received a short tax return to fill in and send back. Anyone had one and know what the difference between a short one and a normal one. Why would you get a short one, do you get a normal one as well ie twice the cost if the accountant fills it in etc? Dont want to fill...
  14. S

    tax partner or employee

    hi lads not been on a while but here is a quick question if i take my wife on as a partner in my business does she also have to take out public liability for clerical duties or other option take her on as employee but would i then need employers liability anybody went down this road in the...
  15. D

    Basics of the tax system

    Basics of the tax system HM Revenue & Customs collects tax to pay for public services. Each year the Chancellor's Budget sets out how much it'll cost to provide these services and how much tax is needed to pay for them. Key taxes that individuals may have to pay include: Income Tax, Capital...
  16. M

    what can be tax deductable...

    Hi all, just wondering what exactly everybody claims back from the taxman, just to make sure all use newbies to the trade are getting the most out of it . p.s. as im thinking of taking the wife out for meals everyday and claiming on that haha, joke!!! But I am thinking about sponsoring a...
  17. I

    Collecting Tax

    When working for a builder they pay 20% of your tax right,is there anything I need to have for the builder to pay this.I've only done domestic work so far so I'm not really sure how this works,I've just started a job for a builder and just want to know what I'm doing:huh2:
  18. Dan

    Value Added Tax (VAT)

    Any questions about VAT? (just trying to get a few example posts started)

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