The GOODF Approach
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» The infamous DP continus
by urchinatheart Yesterday at 3:01 pm

» Call to the DVLA
by urchinatheart Yesterday at 2:36 pm

» BEWARE OF TSB BANK
by daveiron Sun Mar 17, 2024 6:53 am

» SAR dispute
by RaspberryBlu Sat Mar 16, 2024 7:18 pm

» Help / Advice needed on ongoing neighbour harassment
by memegirl777 Sat Mar 16, 2024 5:51 pm

» United Kingdom? Really?
by assassin Sat Mar 16, 2024 4:17 pm

» DWP and HMRC alleged debts
by assassin Wed Mar 13, 2024 7:20 pm

» Serial Posty been awarded £10'000 for a fake bite
by memegirl777 Wed Mar 13, 2024 3:05 pm

» HSBC advice please.
by Trishiapp28 Wed Mar 13, 2024 7:36 am

» He is going to save us again
by flyingfish Sun Mar 10, 2024 12:00 pm

» Government fraud
by midnight Sun Mar 10, 2024 7:01 am

» THIS IS THE ONE ?
by daveiron Sun Mar 10, 2024 3:45 am

» how to remove a shareholder?
by scrwm Fri Mar 08, 2024 12:06 pm

» I DO NOT CONSENT [62%] - ReformUK got 5% of the electorate. Labour 17%
by badvoc Thu Mar 07, 2024 12:25 pm

» What can ai do about Santander
by Godfastro Thu Mar 07, 2024 11:47 am

» Useful videos Council Tax
by daveiron Tue Mar 05, 2024 10:05 pm

» broadcaster vs me
by scrwm Tue Mar 05, 2024 4:37 pm

» The new GOODF process works
by urchinatheart Tue Mar 05, 2024 10:45 am

» Worth a watch
by LionsShare Tue Mar 05, 2024 9:11 am

» Farmers IsThis What's Needed?
by LionsShare Mon Mar 04, 2024 8:46 pm

» Debt Bomb 11
by Biggiebest Sun Mar 03, 2024 10:05 pm

» accepted dca alleged debt
by Mrblue2015 Sun Mar 03, 2024 5:09 pm

» DVLA
by daveiron Fri Mar 01, 2024 9:20 pm

» Solicitors contacted me via e-mail asking for money.
by Kaddabriol Thu Feb 29, 2024 2:12 pm

» Claiming again
by LionsShare Thu Feb 29, 2024 11:07 am

» Useful Utility Vids
by LionsShare Wed Feb 28, 2024 1:59 pm

» what the bank of england runs the country?
by LionsShare Mon Feb 26, 2024 3:54 pm

» know who you are volume ??
by LionsShare Mon Feb 26, 2024 12:19 pm

» New Member
by daveiron Mon Feb 26, 2024 11:55 am

» Learning New Skills _Pt 2 Buying Tools
by assassin Mon Feb 26, 2024 4:35 am

» Learning New Skills _Pt 2 Buying Tools
by assassin Mon Feb 26, 2024 4:33 am

» Learning new Skills Part 1
by assassin Mon Feb 26, 2024 4:27 am

» General Equity?
by LionsShare Tue Feb 20, 2024 7:03 pm

» Visit by appointment notice
by Moonbabymum Tue Feb 20, 2024 4:37 pm

» Discussion on Info'd Vids
by LionsShare Tue Feb 13, 2024 11:52 am

» debts loans mortgages etc (tear off slips?)
by LionsShare Mon Feb 12, 2024 3:54 pm

» Quick one
by Lopsum Sun Feb 11, 2024 6:03 pm

» debt settlement payoff
by daveiron Sat Feb 10, 2024 10:58 pm

» Council tax and summons for arrest
by LionsShare Fri Feb 09, 2024 2:17 pm

» Council Tax (getting answers)
by LionsShare Fri Feb 09, 2024 12:57 pm

» council tax 1st of april
by daveiron Sun Feb 04, 2024 9:46 pm

» DSAR
by daveiron Sun Feb 04, 2024 9:28 pm

» Warning about a previous post
by Mrblue2015 Sat Feb 03, 2024 5:10 pm

» Please leave a comment on this site
by daveiron Fri Feb 02, 2024 10:01 pm

» Lithiun Battery Dangers
by badvoc Fri Feb 02, 2024 1:52 pm

» its a trap
by LionsShare Thu Feb 01, 2024 9:49 am

» Car In Trust
by LionsShare Tue Jan 30, 2024 3:05 pm

» Honest Nottingham Po-lice
by assassin Sat Jan 27, 2024 4:11 am

» Why you rebut a complaint
by assassin Sat Jan 27, 2024 4:05 am

» Village Winter
by assassin Sat Jan 27, 2024 4:03 am

» Sand Batteries
by assassin Tue Jan 23, 2024 5:45 pm

» Hoist Portfolio Holding Limited
by Indebttoo Mon Jan 22, 2024 11:03 pm

» Occupier
by assassin Sun Jan 21, 2024 5:27 pm

» Electric Vehicles
by assassin Sun Jan 21, 2024 4:54 pm

» *** URGENT *** PLEASE HELP
by daveiron Fri Jan 19, 2024 10:02 pm

Moon phases


hmrc self assessment question???

+6
Waffle
Phillpots
Jinxer
daveiron
Tiggy
Lion
10 posters

Page 1 of 2 1, 2  Next

Go down

hmrc self assessment question??? Empty hmrc self assessment question???

Post by Lion Thu Sep 14, 2017 7:33 pm

Hi guys could you help me out.

So lets say I'm self employed working for myself no business.

I earn £26,000 for the year.

In that year I buy a new laptop, a phone, a tv ect. Lets say all of this totals £6000

so I have £20,000 left over.

So is the full £26,000 taxable or is only £20,000 taxable???

I ask cause they write that you can't claim expenses for private purchases, but then that would mean they want to tax money that I have spent???

Lion
Not so newb
Not so newb

Posts : 14
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Tiggy Thu Sep 14, 2017 7:48 pm

Tax is like that, it taxes you on your earnings, after all the majority of people do spend what they earn.

Tiggy
Moderator
Moderator

Posts : 640
Join date : 2017-08-11

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Guest Thu Sep 14, 2017 7:53 pm

Hi Lion

Yes, by their rules all of your income is taxable - less any legitimate expenses you can account for and 'personal' allowances. They're saying part of the money you spent belongs to them whether you spent it or not.

So are you self-employed - or do you work for yourself?

Cheers!

Guest
Guest


Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by daveiron Thu Sep 14, 2017 8:11 pm

Hi lion,

My advice would be to get a decent accountant ,he will save you far in excess of his fee.
daveiron
daveiron
Admin
Admin

Posts : 4892
Join date : 2017-01-17

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Jinxer Thu Sep 14, 2017 8:17 pm

Although I have worked in the past for companies and paid PAYE. I have never ever filled in one of them self assessment forms, in fact I have never even had one sent to me or seen one. Most of my working life I either worked cash in hand or ran my own business, my son does the exact same thing. I don't think I'm entitled to a pension when I'm old enough as I haven't paid enough in contributions though.

Jinxer
Very helpful
Very helpful

Posts : 436
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Guest Thu Sep 14, 2017 8:23 pm

Hi Jinxer

Sounds like you work for yourself.

Cheers!

Guest
Guest


Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Phillpots Thu Sep 14, 2017 8:32 pm

So we all still consent then.

Phillpots
Very helpful
Very helpful

Posts : 336
Join date : 2017-06-07

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Waffle Thu Sep 14, 2017 8:49 pm

From the figures you've given less than £10,000 is taxable. You have a £10,000 + untaxible allowance, whatever your earnings are knock 10K off then take of all your other allowances, thats what they would be asking for.

If you drive take into account your milage, I saved 12K from my milage, then you have wear and tear for your vehicle tyres etc. You can do a percentage of your phone, a percentage of your electricity bill at home if you've been using your home for ANY type of work, washing.

TBH for 26K you should be able to get rid of most if not all, theres plenty of allowances you can take advantage of.

Waffle
dedicated
dedicated

Posts : 786
Join date : 2017-03-27

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Lion Thu Sep 14, 2017 8:59 pm

iamani wrote:Hi Lion

Yes, by their rules all of your income is taxable - less any legitimate expenses you can account for and 'personal' allowances. They're saying part of the money you spent belongs to them whether you spent it or not.

So are you self-employed - or do you work for yourself?

Cheers!

I'm just looking into being self employed

Lion
Not so newb
Not so newb

Posts : 14
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Guest Thu Sep 14, 2017 9:05 pm

Hi Lion

Well, there's no harm in just looking - but don't forget your due diligence as to your ACTUAL liabilities to T.H.E.I.R. corporation.

Cheers!

Guest
Guest


Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Lion Thu Sep 14, 2017 9:08 pm

iamani wrote:Hi Lion

Well, there's no harm in just looking - but don't forget your due diligence as to your ACTUAL liabilities to T.H.E.I.R. corporation.

Cheers!

Yes I know hmrc is a private corporation.

Is there any remedy to not pay them at all?

Lion
Not so newb
Not so newb

Posts : 14
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Guest Thu Sep 14, 2017 9:13 pm

Hi Lion

Depends on how far along the mental path to freedom you are fella. How much you think you have to lose or gain is most of it.

Do you know the difference between lawful and legal, and between man and person?

Cheers!

Guest
Guest


Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Lion Thu Sep 14, 2017 9:14 pm

iamani wrote:Hi Lion

Depends on how far along the mental path to freedom you are fella. How much you think you have to lose or gain is most of it.

Do you know the difference between lawful and legal, and between man and person?

Cheers!

Yes.

Lion
Not so newb
Not so newb

Posts : 14
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Phillpots Thu Sep 14, 2017 9:17 pm

I refer back to what I said earlier.

Phillpots
Very helpful
Very helpful

Posts : 336
Join date : 2017-06-07

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Guest Thu Sep 14, 2017 9:17 pm

Hi Lion

Have you checked the relevant legislation as to exactly what liabilities are attached to whom?

Cheers!

Guest
Guest


Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Lion Thu Sep 14, 2017 9:20 pm

iamani wrote:Hi Lion

Have you checked the relevant legislation as to exactly what liabilities are attached to whom?

Cheers!

the liabilities are attached to the "person"???

Lion
Not so newb
Not so newb

Posts : 14
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Guest Thu Sep 14, 2017 9:26 pm

Hi Lion

That's the impression i get, though i am far from expert in these matters. It seems to be the general consensus though.

Cheers!

Guest
Guest


Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Jinxer Thu Sep 14, 2017 11:06 pm

I'm no expert far from it, I can only comment on experience. When I was around 21 the tax man wrote to me at my mothers address asking what I was doing for a living, or words to that effect. I just ignored them and after a few more letters I didn't hear anymore from them. I've lived in the same house for over 30 years now and have sometimes when times were hard done work for companies and paid PAYE tax but most of the time I did cash in hand work and anything really that made me a living, buying and selling cars, garden clearances and stuff like that. The only thing I ever struggled with was Council Tax, I could never get out of that despite arguing it in Court a couple of times. I've got a student to register at my address now so at the minute I don't have to pay it, but don't know how long that will last.

Jinxer
Very helpful
Very helpful

Posts : 436
Join date : 2017-06-03

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Waffle Thu Sep 14, 2017 11:30 pm

is it not our choice to register with HMRC and is it not our choice to stipulate what specie of money we get paid..... If you want to work for yourself then its your choice how you navigate the commercial world.

Waffle
dedicated
dedicated

Posts : 786
Join date : 2017-03-27

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Lopsum Fri Sep 15, 2017 3:39 am

its one way out of some shit if you are on JSA , to be self employed but low income , even 0 income. This entitles you to tax credits(about same as JSA per week,and other benefits too , rent ,CT)
you if you use part of your home or an outbuilding for your business you can claim 15%(as a base figure,check your usage it could be more) of all utility bills including broadband phone, also you can claim expenses for entertainment and food/drink for the hours you work from home. You can even claim a % of rent for the room/s you use , for eg a 6 roomed house and you use one as an office so 1/6th of your rent can be claimed as expenses. and CT ,. Add that all up per year , you could be in a situation where the business makes a loss after all expenses considered.  Very Happy thats OK

https://www.gov.uk/expenses-if-youre-self-employed
Lopsum
Lopsum
Admin
Admin

Posts : 2810
Join date : 2017-01-15

https://goodf.forumotion.com

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by pitano1 Fri Sep 15, 2017 9:07 am

PROOF OF CLAIM
question no.1
what the fuck.! makes-YOU-think I'm a TAXPAYER.


pitano1
pitano1
news worthy
news worthy

Posts : 188
Join date : 2017-07-01

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by daveiron Fri Sep 15, 2017 9:08 am

Hi lion,

What waffle & lopsum have posted is correct.

It's simple really ,on a very basic level all you need is to put things in two separate columns,

1. list everything you sell ,(even if its only your time )
2. list everything you buy in order to be able to sell.

The difference between the two totals is your profit ,THAT IS ALL THAT IS TAXABLE .after you have deducted
your personal tax allowance.
I did this for years before changing to a limited company.
Get receipts for everything,they are your proof of purchase .
If you are sensible with your figures the tax man won't bother you.

However remember ,as you are working in commerce you are entering into their world.
daveiron
daveiron
Admin
Admin

Posts : 4892
Join date : 2017-01-17

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by pitano1 Fri Sep 15, 2017 9:14 am

@DAVEIRON
Did you get paid for this work.?
MAXIM.
every workman is worthy of his hire.
pitano1
pitano1
news worthy
news worthy

Posts : 188
Join date : 2017-07-01

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by daveiron Fri Sep 15, 2017 9:38 am

Hi pitano,

Love your style by the way,

I was just pointing Lion in the direction of what is deemed correct in their world ,and if he is not ready to take on the taxman.

I am however playing with the taxman at present ,its only a small amount of about £ 40.00

I am refusing to pay it because they will not answer a simple question.Which is will this money be used to kill and maim
innocent men women and children in sovereign nations due to their illegal wars and occupations.
They will not answer ,I will not pay.

daveiron
daveiron
Admin
Admin

Posts : 4892
Join date : 2017-01-17

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by pitano1 Fri Sep 15, 2017 10:20 am

daveiron wrote:Hi pitano,

Love your style by the way,

I was just pointing Lion in the direction of what is deemed correct in their world ,and if he is not ready to take on the taxman.

I am however playing with the taxman at present ,its only a small amount of about £ 40.00

I am refusing to pay it because they will not answer a simple question.Which is will this money be used to kill and maim
innocent men women and children in sovereign nations due to their illegal wars and occupations.
They will not answer ,I will not pay.  

well fuckum.
one thing to be aware of.
never-ever...refuse outright.
But i expect you,are already aware of staying in honour .
regards.
pitano1
pitano1
pitano1
news worthy
news worthy

Posts : 188
Join date : 2017-07-01

Back to top Go down

hmrc self assessment question??? Empty Re: hmrc self assessment question???

Post by Sponsored content


Sponsored content


Back to top Go down

Page 1 of 2 1, 2  Next

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum