Recent content by Archatype

  1. Archatype

    SA302 form question

    Sorry, I am not sure I follow you. I do my tax returns alone directly from HMRCs website and I just request the pdf version of the SA302. There is no other way to get this form for myself unless I screenshot the hmrc webpage but that wouldn't technically be a SA302. The pdf is delivered with no...
  2. Archatype

    SA302 form question

    I see no cover page. My SA302 in pdf form consists of just 2 pages. How many pages is yours? I see no string of characters
  3. Archatype

    SA302 form question

    My letting referencing agent is asking me for the barcode that is supposedly shown on the top left of the SA302 form however my SA302 has no barcode. Could anyone else please check if the SA302 generated for you has any barcode? You can see this requirement stated here...
  4. Archatype

    Understanding SA302 Tax calculation form - utterly confused

    It is gross profit.
  5. Archatype

    Understanding SA302 Tax calculation form - utterly confused

    Net profit? the £55,200 is pre tax.
  6. Archatype

    Understanding SA302 Tax calculation form - utterly confused

    And therefore a SA302 tax calculation form should show the 40% deduction right?
  7. Archatype

    Understanding SA302 Tax calculation form - utterly confused

    If a self employed person makes £55,200 a year pre tax, would he get taxed as a higher rate tax payer or standard rate? since after the personal allowance kicks in he would drop under the higher rate tax threshold with his taxable income being £42,630.00. Should a SA302 tax calculation form...
  8. Archatype

    Please help me get over this mental block on my business model

    Yup, big budget for advertising is the solution. I want to thank Mark T Jones, WaveJumper, Ozzy, Frank the Insurance guy and BusterBloodvessel for your contribution to my thread. Top place this forum is.
  9. Archatype

    Please help me get over this mental block on my business model

    I have this idea which is based around prize winning competitions with draws however I cannot get past the following. This idea requires participation otherwise you risk giving away car for a total revenue of £1! How do I achieve enough participation to cover the expense of the prize plus a...
  10. Archatype

    Importing from china, do I need to be a registered business?

    Does it make a difference though in the eyes of the tax max/customs? since you will pay your duties anyway?
  11. Archatype

    Importing from china, do I need to be a registered business?

    But what if you are getting the stuff imported by sea freight? does this necessary mean its for business use? How do customs know if its for personal or business use? Could the give me trouble by thinking "hhmm, this is too much for personal usage, lets halt this shipment". The goal is to...
  12. Archatype

    Importing from china, do I need to be a registered business?

    Here's a quick one for you guys. I want to import from china some goods (office supplies etc.) to the value of around £2000 BUT I don't have an ltd yet or sole trader registration going on. I would like to know the following as the HMRC site confused me. Do I HAVE TO be a registered business...
  13. Archatype

    What does this mean in my SA302 calculation page?

    No am not a higher rate tax payer. Does this matter in this instance?
  14. Archatype

    What does this mean in my SA302 calculation page?

    Hello everyone, I am trying to make sense of my SA302 2020/21 and I noticed in the middle of it the following: "Your basic rate limit has been increased by £2,000 to £39,500 for pension payments etc. This reduces the amount of income charged to higher rates of tax." Could someone please...
  15. Archatype

    Vat Return - Credibility check

    VAT unit isn't part of HMRC?
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