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I'm a freelancer as well as an University employee. I earn
I'm a freelancer as well as an University employee. I earn relatively little freelance (less than £8000 per year). I do travel around a fair bit though for this work and to date have claimed the 45pen… read more
bigduckontax
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Hi Im currently in my first year as working as a sole trader
Hi I'm currently in my first year as working as a sole trader and need to purchase a new car (as my current one is on it's let legs). If I purchase a car will this reduce my tax liability by 100% of t… read more
taxonomy12
taxonomy12
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A SELF EMPLOYED INDIVIDUAL HAS PROFITS THAT ARE BELOW THE TAX
A SELF EMPLOYED INDIVIDUAL HAS PROFITS THAT ARE BELOW THE TAX AND C4 THRESHOLDS. HE HAS SPENT £2K ON NEW EQUIPMENT. CAN HE ELECT NOT TO CLAIM CAP ALLOWANCES THIS YEAR AND CARRY FORWARD FOR WRITING DOW… read more
Sam
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Hi, Ive been in business since 2006. During the 10-11 tax
Hi, I've been in business since 2006. During the 10-11 tax year I purchased a (second-hand) car (around £7000) which is used exclusively for business travel. Can I claim 20% of this purchase as an all… read more
taxadvisor.uk
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Second hand car bought in 1st December 2008 for 50294. Car
Second hand car bought in 1st December 2008 for £50294. Car Consumption about 300gm For 2010/11 tax year, what tax allowance am I entitled to? Do I get 10% on WDV with no limit ? Thanks Bing… read more
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Ok we have covered most things now and I filled in my UK self-assessment
Ok we have covered most things now and I filled in my UK self-assessment but the calculated amount for repayment seems lower than I expected ( £863 ). I would like to know if this is expected, or I ha… read more
Sam
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I bought a small 1300cc car in May 2007 for transport to carry
I bought a small 1300cc car in May 2007 for transport to carry out my business I paid 1000.00 pounds for the car.The write down allowance on vehicle's is 20% I paid 1000.00 @ 20% = 800.00 pounds or 20… read more
Sam
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how much capital allowance can i set off against the car this
how much capital allowance can i set off against the car this year (in figures) and what are the allowances for self employed people. thank you… read more
Sam
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I have questions on capital gains in my HMRC filing; By background
I have questions on capital gains in my HMRC filing; By background i am resident and not claiming non-dom remittance basis. I am also not completing the foreign section. I have a UK TD waterhouse acco… read more
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Hello there, I am a bit confused regarding the annual investment
Hello there, I am a bit confused regarding the annual investment allowance for small businesses. I am in the middle of doing my tax return for 09/10.I have been self employed for few years.Acquired a … read more
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My client is a sole trader and has not made enough profit to
My client is a sole trader and has not made enough profit to utilise all his capital allowances. Can I carry them forward? Sorry - phrased badly! EG. Profit £6600, Capital Allowances £2600 (net £4000,… read more
Sam
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I am a self employed musician and have a small query on capital
I am a self employed musician and have a small query on capital allowances and my musical instruments valued at £4250 bought before I started self employment. In my tax year ending 2004 I used an acco… read more
Sam
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I have kept bookkeeping records for my client for the last
I have kept bookkeeping records for my client for the last 15 years and have completed the required tax computations for his business with no problems. He is a plumber and heating engineer and the onl… read more
Sam
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i am a driving instructor and i have purchased a car in march
i am a driving instructor and i have purchased a car in march this year.it cost 11,000.how much can i claim back on my books.i have the car on a 4 year deal at 5.1%… read more
Sam
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Hiya If I have A.I.A. total for this year under the 50,000,
Hiya If I have A.I.A. total for this year under the £50,000, and a pool from 06/07 and 07/08 of £1245..... does £1000 of it go into the small pool allowance to be claimed for this year and the remaini… read more
Julie Kingham
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We created one ltd company that me and my wife could trade
We created one ltd company that me and my wife could trade out of. My wife had a cafe and I carried out consultancy work. In the first year the company made a loss. In the second year the company made… read more
Julie Kingham
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re online 08/090tax form year of acounting period 06/04/08
re online 08/090tax form year of acounting period 06/04/08 to 05/04/09. please could you tell me what to put in the boxes relating to aia the only boxes on the form are; annual investment allowance , … read more
Sam
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A UK limited company has a carry - forward tax loss of around
A UK limited company has a carry - forward tax loss of around £ 100,000. However, the company is currently in danger of insolvency. Its there a way that it can transfer or nominally sell the carry for… read more
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