I thought I had the perfect title when I started writing but on second thoughts I think it would have been better to use "You can't have your cake and eat it" - less chance of confusion! :-)...
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If you're self employed HMRC will allow you to claim for the cost of business journeys in two ways: 1) A percentage of all your car expenses based on the proportion of business miles you do. You may also be able to claim for the cost of your car as well. 2) An approved milea...
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HMRC penalties

November 17, 2018
HMRC have , without a doubt, over the last few years been less and less concerned about making sure taxpayers have done the right thing at the right time because if the taxpayer didn't bother there were ample opportunities for HMRC to charge penalties. In my opinion most of ...
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Not the most exciting title and not the most exciting content but very important to avoid problems with HMRC....
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I was amused that The Times in their Budget Review this morning had a separate section titled Sin Taxes! The good news is that it wasn’t referring to the Adult Entertainment Industry but alcohol and tobacco duties instead which will be frozen on beer, cider and spirits. Du...
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Lenders and landlords are expecting more and more information from us when asking for references. This has changed what was once a simple process into an administrative headache. Quite often we receive a request without the client’s authority to disclose the information. O...
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In very simple terms, during the current tax year, which will end on 5 April 2019, everyone can have an income of up to £11,500 without paying any tax (but see the notes below). Don’t forget that income is the total of what you have been paid by clients less your business...
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Nobody likes bookkeeping and in this day and age I think the only option is a phone app. Desktop and online software are fine for "office based businesses" but if you're a one person business using a mixture of cash and bank payments (including debit and credit card payments...
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It all depends when you started being self employed. If it was on or after 6 April 2017 but on or before 5 April 2018 you must notify HMRC that you're self employed by 5 October 2018. If it was on or after 6 April 2018 you have until 5 October 2019.Having said that, there's ...
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Over the last few days HMRC have been sending letters to self employed taxpayers which look like this...
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