Recent content by xe300

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    How do i reduce paying 40% Tax deductions

    Thankyou everyone who has added comments to my thread, i have just got back from another overseas business trip. here is some more information for you ..... As my main customers are overseas i have high travel costs which I in turn invoice the customer which is where i get my initial high...
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    How do i reduce paying 40% Tax deductions

    Thankyou, I understand that part, that part of my information was intended to show the juggling act i have to keep under the 12 monthly rolling annual limit as a sole trader without becoming forced to Invoicing VAT and involving more accounting time and costs.
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    How do i reduce paying 40% Tax deductions

    I am a sole trader in 2nd year of business working from a home office as a technical consultant. After a good first year i am entering the 40% higher Tax bracket earlier than last year, what can i do to reduce the amount of income that comes under this higher tax bracket ? My running costs are...
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    Tax Bill - When to pay it?

    Thankyou Davies for this simple answer. It was my first self assessment and as they have pre-calculated the first 6 months tax for 2014, it would be sensible to wait until the request of payment arrives from HRMC. What do most people do with that money on their account until they pay it ...
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    Tax Bill - When to pay it?

    Hello Forum I have just completed one years business as a soletrader and have had my books completed for the tax man. The sum that is required to pay HMRC has been calculated for 2012/13 Do i now wait for HMRC to send me the bill or do i have to pay it of my own free will ? I am expected...
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