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Self-Employed where do they get the balls
Self-Employed where do they get the balls
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Replies: 182
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Injera - You could register for VAT and claim the VAT on your expenses back - (but you choose not to ! )...
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for lots
£8,400 80%,- 700- 560 less tax and in future listening to rishi sunak end of ir35,levelling up NI with paye and closing a few tax breaks, for those not getting a lot a high price to pay |
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If you don't charge VAT you wouldn't expect to claim VAT back on purchases injera?
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Yeah my punters would love my bills +20%
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It’s law to be vat registered at 85k turnover.
The point I’m making is countless small businesses pay a lot of vat as an additional tax. |
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injera how can you make a lot of people who lurk behind desks for jobs understand what it is like
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1TP - do you know if the tax is deducted later?
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You mean like those who process his returns.
Difficult without a desk.. |
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what we,d once call genuine self employed white van man,freelance workers now been conflated with employers scam of avoiding NI,HOLIDAYS,SICK PAY,PENSION CONTRIBUTIONS ETC, and making employee,s go ir35,ltd company,umberella,
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Self-employed won't even be able to get assistance until June.
Govt MUST use the interim to enable self-employed to file more realistic earnings figures. There should be an amnesty whereby the HMRC turns a blind eye to any historical miscalculations. The future of this country depends on its merchant adventurers - now more than ever. |
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Many have done everything they can for years to avoid paying into the 'system', but now seek the exact same system to bail them out.
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HMRC turns a blind eye to any historical miscalculations.
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It's a cold-blooded money grabbing machine.
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you can claim it and still carry on working if you can find some, FFS
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1st time poster 26 Mar 20 20:06
what we,d once call genuine self employed white van man,freelance workers now been conflated with employers scam of avoiding NI,HOLIDAYS,SICK PAY,PENSION CONTRIBUTIONS ETC, and making employee,s go ir35,ltd company,umberella, You mean the BBC and suchlike? |
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that's an interesting galaxy he lives in
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It's hilarious, years spent trying to minimise declared profit, suddenly flipped to trying to inflate profit
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I will just quote from a good book...
Galatians VI (King James Version): Whatsoever a man soweth, that shall he also reap |
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Cider, the previous two years profits are already on HRMC database, how will people 'try to inflate' them please?
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For to every one who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away. I tell you, that to every one who has will more be given; but from him who has not, even what he has will be taken away.
Mathew 25:29 |
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The self-employed are tomorrow's Dyson, tomorrow's Darwin, tomorrow's Dante.
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saddo26 Mar 20 19:34Joined: 04 Dec 05 | Topic/replies: 38,472 | Blogger: saddo's blog
Steve, you sound a bit twisted as well as uninformed. Did a plumber shag your mrs one time? Truth hurts eh saddo |
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YES saddo
plus construction sites,engineering projects, probably 90% of workers on Hinckley point. weve brought up a generation of people who don't want to work on paye,ive been on jobs where they've wrapped rather than go paye,20/30 years ago it was the complete opposite, they,ll be screaming again come retirement age,why,s he got more than me |
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Remember.
False reporting of income is a criminal offence. |
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Yes I'm in accounting, and been a finance manager in the past. The operations manager at the time tried to force me to include the purchase of a refrigeration unit under electricity.
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Cider, the previous two years profits are already on HRMC database, how will people 'try to inflate' them please?
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I don’t know any self employed person who has begged for govt assistance. Like employees I’ve lost money and will do so in the next 2 months.
However I never expected today’s news. |
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A more accurate measure would be to triple the declared earnings of the self-employed and pay them 80% of that.
Possibly backdated to make up for the meagre years. |
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their are so many haters of uk plc and the engine room of success and development
but then many of them don't even live here but love to snipe and denigrate this wonderful country |
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spending years deflating profits now inflating them
well in a week weve had workers screaming they were essential workers so they could get the state to babysit their kids, then 4 days later the same people wernt essential workers because the state was paying you not to go to work, |
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There's inference around inflating the delayed return for last year.
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place is stuffed with bean counters
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all this happening right before 5th April!
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OT just got some decent news
 As an Anytime Smart Pass member, we consider you to be one of our best customers, so we’ve set up a temporary priority queue to enable you to book a delivery slot each week. |
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I bet the HMRC automated service will be firing those late filing penalties out
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That's the only access for any fraud, cider. I'm sure they will be flagged up very quickly.
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Basically if you are self employed and you have filed a 2018/19 tax return you will get a cash grant of 20% of your declared profits for that year. (80% x 3/12). This will be received in June.
The maximum anybody can receive is £7,500. If your profits were over £50,000 you receive nothing. The grant is then declared as income on your 2020/21 tax return with the tax (and NIC ?) on the grant payable under the normal self assessment rules. |