tax question

are you still running a business,while paying them back

Are you a busker?

yes still working
got to pay 300-400 back each month for 9000 bill plus still got to pay my my tax for this year which is 700 per month

busker makes more than that

sorry 700 for the year

ye but they only declare £15k max

i would try and get it reduced they can only say no,or just lay the draw villa game and grn up when goal scored

i declare 15000 for last 3 years so my bill each year is 700-800 which i can handle
its the outstanding bill of 9000 am struggling to pay

rangers looking good also

goal rangers,,,,goal villa job done

if only it was as easy every day

Something doesnt add up How did u get bill for
9000 6years times 800 equals 4800

they prob used that as an average figure for a job he does, thats what they do if you dont provide adequate records, when you are self employed EVERY recipt and transaction needs recording, my books were doe to the penny

got done for 9000 from 2001 -2008
i agreed to the bill cause i was expecting more cause only been declaring average 14000 each year
am asking can i do anything about the 9000 bill etc reduced payments
if i only declare 14000 each year how can i repay 300-400 each month thats 3800 a year

why not ring them and ask........

have done that
they said it was my on fault i left it to long and they want there money
what if i dont re pay this 9000
what happens to my business

There is a good bloke here that gives tax advice for free. I wil recall his name shortly.

if you have even a half decent accountant he should be able to deal with them, the trouble is you have already agreed to an amount, if you dont pay they will prob take you to court for it.

It is on the tip of my tongue. He even uses a crystal ball when providing free advice.

age21
court then what
can i still run the business

im not an expert mate, just been self employed for years, but i know someone who got into a spot like you with the vat man and the tax man and they hounded him almost made him close his businesss, i would try every route, plead poverty etc but you wan to get your accountant to deal with it really

What is nature of your business?

Bored already ......................................too long to post back....you are "lucky" you never went to prison........................

It is a solicitor you need now...................

I'm a tax adviser.

If they have assessed you on the past earnings (you should have had a formal assessment) then you cannot appeal this and the amount you owe is fixed (sorry). The assessment you will have will set out the amount of tax, interest and penalties.

The only hope is if you demonstrate that your payments could make you stop trading altogether. In which case they could take reduced payments but they would also look at what other assets you have in the event that you went bankrupt.

Hope this helps

Isn't tax one of the few debts you can actually go to jail with if you don't pay it?

cant be betting related they cant tax puntin winnings so ive heard, curley and vietch must love every minute of not payin tax to the greed

i dont understand your bleating about paying a tax bill, JUST PAY IT

dont you understand where the tax goes?

it pays for mps and assocites to watch porn films, and to get cushions for their homes, u should be thankful you are allowed the chance to contribute.

Only last week their was the story of a millionaire Mp who needed their roof fixing at a cost o f20000, he had been snookered without tax bills on someone earning in a year less than the cost of his roof

There is tax avoidance and tax evasion. What you did by not declaring for 6 years was evasion.

Hope this helps.

you are screwed, just pay the tax and be happy they didnt prosecute.