UK Tax

UK tax questions? Ask a UK tax advisor for answers ASAP

Connect one-on-one with {0} who will answer your question

Related UK Tax Questions
Tony Tax, I have a query regarding losses on cessation.
Tony Tax, I have a query regarding losses on cessation. My Client's normal y/e was 28 Feb, however he ceased to trade on 31 May 2013. He made a very small profit final 3 months of £59, however after b… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Due to the downturn in the economy, my business (self-employed)
Due to the downturn in the economy, my business (self-employed) ceased on 31/01/2012. The business recorded a trading loss in each of the years, 2009-10, 2010-11 & 2011-12. Prior to that, a profit was… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
I have a client who has a taxable profit for the 11/12 tax
I have a client who has a taxable profit for the 11/12 tax year and we area bout to file his tax return. He is no longer self employed, as of Oct 12 as he has gone bankrupt. I have done the accounts f… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I AM SUBMITTING ACCOUNTS TO FINALISE OLD TAX AFARES FROM 2005-2006-2007
I AM SUBMITTING ACCOUNTS TO FINALISE OLD TAX AFARES FROM 2005-2006-2007 - THE ACCOUNTS SHOW A LOSS FOR 2005 - APPROX £19K, A PROFIT 2006 APPROX £16K A LOSS 2007 APPROX £2K, WILL I BE ABLE TO OFF SET 2… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Im completing my 2011-12 self assesment tax return online
I'm completing my 2011-12 self assesment tax return online at the moment and so far the profit before set offs is coming out to be £7645.00. The company made a loss last tax year (2010-11) of £2748.00… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I made a huge loss in my 2008-2009 tax year. i was self employed.
I made a huge loss in my 2008-2009 tax year. i was self employed. I paid no tax according to my self assessment. do i have any credits to carry forward ? or do I apply for refund?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a self employed client, who made a loss of £3711 in
I have a self employed client, who made a loss of £3711 in y/e 5/4/09 and her previous Accountant entered it on her Tax Return to be c/fwd. I took over as her Accountant in y/e 5/4/10 and she made a s… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Client has traded for many years and ceased on 31.10.2010 -
Client has traded for many years and ceased on 31.10.2010 - his year end is 5th April Results for years are as follows: 06.04.10 to 31.10.2010 Loss £73,186 Year end 05.04.2010 Loss £12,362 Year end 05… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Sir/Madam Good evening. I have a client who commenced self
Sir/Madam Good evening. I have a client who commenced self employment in November, 1993 and ceased trading on 30.4.2009. I am looking at claiming Overlap Profit Relief on cessation and carrying back t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I complete my self assessment tax returns online and have done
I complete my self assessment tax returns online and have done for a number of years. I have two employments and am also self employed. I have always managed to reduce my tax bill when I've made a sel… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a client who is a self employed electrician. He invested
I have a client who is a self employed electrician. He invested £12k ( August 2007)to buy shares in his brothers recently formed limited company which sold safari holidays. In just over 2 years( july … read more
Julie Kingham
Julie Kingham
Chartered Tax Adviser
Chartered Tax Adviser
734 satisfied customers
Reclaiming Tax in Previous Years from recent Losses
If someone has no income for 2005-2009, only £20k Capital Gain (with approx £2000 tax paid) in EACH of 2005/6 and 2006/7, and a self-employed loss of £5k in 2007/8 and loss of £7k in 2008/9, how can c… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
i was self employed for several years the years 2005 to 2007
i was self employed for several years the years 2005 to 2007 was my own business which i lost in the floods of 2007 . i am now employed and p.a.y.e but have been told by a friend i could maybe get a t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am both employed and self employed. Since 2005-06 my business
I am both employed and self employed. Since 2005-06 my business has made a loss. I carried these losses forward every year, hoping to offset them against future profits, but I am not sure now how to m… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
i need to know how to claim back 310 days of overlap profit
i need to know how to claim back 310 days of overlap profit in a partnership that had an usually high profit for that year without waiting for the business to end. Thanks… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
i had a company which went into liquidation in september 2006
i had a company which went into liquidation in september 2006 i have been told there is a possibility that i can claim back tax on my directors loans and shareholders funds i recieved a nil payment fr… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello. If I am no longer deriving income as a self employed
Hello. If I am no longer deriving income as a self employed person, but I am engaged in an ongoing court action over unpaid money relating to a client I had when self employed, am I still able to offs… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Overlap relief partnership. Ceased trading30.7.2008. Accounting
Overlap relief partnership. Ceased trading30.7.2008. Accounting date 30 April. Profits y/e 2006 £35928, 2007 £54643, 2008 £65545 to cessation loss £11951. What is taxable profit 2008 and 2009.… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Sam

Sam

Accountant

6,885 satisfied customers

26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

bigduckontax

bigduckontax

Accountant

1,460 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

Andrew Baker(baktax)

Andrew Baker(baktax)

Personal Tax Adviser

756 satisfied customers

35+ years experience in income tax, CGT, non-residence

berduchwal

berduchwal

Accountant

669 satisfied customers

Qualified accountant and bookkeeper running my own practice since 2008.

Clare

Clare

Solicitor

149 satisfied customers

25 years exeperience as a high street solcitor

Mrs-Tax

Mrs-Tax

Tax Adviser

59 satisfied customers

Law Degree, 19 years in UK Tax.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x