Recent content by happyhippydad

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    Do I need to pay tax or NI if I rent out my garden building as a live in property?

    Thank you for all the replies. At present it is still a gym. This is purely if the back worsens in the future. If it does, I shall seek planning permission. However, it doesn't require planning permission at the moment as it meets the relevant requirements for size and distance from neighbours...
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    Do I need to pay tax or NI if I rent out my garden building as a live in property?

    Hello everyone. As I get older and my back gets worse I realise I may not be able to work as an electrician until retirement (I am 50 now). Hence, i am looking at alternative ways to earn money to pay the bills. I have a large 5.5m x 3.5m garden building (4m high) which I could do up as a self...
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    Do I have to pay the amount of tax requested by the tax office for the next financial year?

    Thanks for the last 2 posts, both very helpful. I shall attempt to get the tax return done soon so i too can have a smug grin on my face :-)
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    Do I have to pay the amount of tax requested by the tax office for the next financial year?

    Many thanks everyone for replying. I'll book a paperwork day and get it done soon.:)
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    Do I have to pay the amount of tax requested by the tax office for the next financial year?

    Hello all, Last financial year I earn't considerably less than expected, however the amount of income tax that will be payable for that financial year has already been determined during the previous financial year (and also half paid, the remainder gets paid in July I think). My question is...
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    Do I HAVE to pay money 'on account' for the next financial year?

    Thanks verymuch again Scalloway. A succinct reply and much appreciated.
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    Do I HAVE to pay money 'on account' for the next financial year?

    Thankyou Scalloway. That makes sense about being 'under the point where payments on account kick in' as I would have paid less than £1000 in tax on the 2 previous years. I expect my earnings to increase again for the financial year 2016-17 so if I go ahead and pay this £1814 (2x£907) on...
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    Do I HAVE to pay money 'on account' for the next financial year?

    Hello, I have just completed my third tax form for my 3rd year of trading as an electrician. The only difference this year is that rather than just being asked to pay the income tax and NI due, the form also says I have to pay money 'on account' for the following financial year, see below...
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    Claiming for petrol costs as a sole trader?

    Good evening, I have just had a minor panic as I am reading conflicting information on the internet regarding claiming back petrol costs. I am a sole trader and my van is used solely for my business. I was under the impression that I could claim for my van insurance, tax, mot, tyre changes...
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    Claiming maintenance costs, is this allowed?

    Hi John, Thanks again for another useful post :)
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    Claiming maintenance costs, is this allowed?

    Many thanks Anna, I should have read the page more clearly and seen the word 'all'. I shall forget about claiming back tax on maintenance costs :-) I wonder how many people were born before 1935 and have children under 21! :)
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    Claiming maintenance costs, is this allowed?

    Hi John, I did try, but you have to have over 30 posts before you are allowed to include links.
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    Claiming maintenance costs, is this allowed?

    Good afternoon.. I have recently become a self employed electrician and am slowly working out what I can claim for. The government website (gov.uk) states you can claim up to 10% of maintenance costs made to your ex-partner for looking after your children under 21. I realise this may be a...
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    Should the accountant be categorising and adding up my invoices, or should I?

    Thankyou both for replying, I shall get my calculator out and start adding up! :)
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    Should the accountant be categorising and adding up my invoices, or should I?

    Hello all.. I have just joined this forum as I have a specific question. This is my first year in business as a sole trader and I have chosed to use an accountant for the first year or two whilst I gain some knowledge. They have just e-mailed me asking for a 'List of expenses by category'. I...
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