hmrc

  1. E

    HMRC Winding-Up Petition

    Hello all Wonder if the learned members here can help Today I received a call from a company informing me a petition to wind-up the business has been posted and for a fee of £1,100 could help This was the first I'd heard of it so was taken aback a little, I checked the link sent via email and...
  2. ConsultantPM

    Foreign Benchmark Rates - Using/Restriction advice please

    Hi, First post......be kind! I have a small limited company, providing a PM contracting service. Two Directors. Main client is in Dublin and I make a trip roughly monthly. I've been using the HMRC benchmark rates for Dublin. Much more simple than collecting and managing endless receipts...
  3. skaracay

    Add my company to my gov.uk account, which is managed by an accountant.

    Hi community, Since October 2023, we have received a letter from HMRC regarding VAT declarations for the company that we have ceased trading. The business activity stopped with 0 sales and 0 expenses. The accountant is requesting £270 for VAT declarations. How can I submit 0 sales and 0...
  4. Metabrand

    I need help figuring this HMRC situation out.

    Hi everyone. Thanks in advance for any help you can offer. I’ve been operating as a freelance marketer through a limited company since 2021. Last year, when I filed my accounts for 2021-2022, my QuickBooks account wouldn’t let me file between the dates HMRC were requesting. Since it was only...
  5. S

    VAT Invoices for Staff Entertainment

    Hello all, I have a client whose employees are submitting many restaurant receipts as business expenses. The issue is that several of these receipts have an amount greater than £250.00, and they do not have any reference to my client's name. Will this be an issue when trying to claim back VAT...
  6. D

    Self assessment advise

    Hello, My wife and I have a very small partnership in the digital media field. We wish to stop with our current accountant, and do our own self assessment for HMRC. Here’s a bit of info about our situation. : Yearly partnership income £30,000 : Wife works part time, earns about £13,000 and is...
  7. S

    IR35 investigation insurance

    As an IT contractor for some years I have made every effort to ensure the contracts on paper and in practice were out-of-scope of IR35. I've paid insurance to QDOS for contract assessments and for their legal / financial assistance should an investigation take place. I have not been trading for...
  8. C

    HMRC seem to have really dropped the ball here, wondering if anyone else has experienced the same

    A couple of weeks back I received an e-mail from Amazon (a major revenue stream of ours) stating that they had been contacted by HMRC who said that we weren't registered for VAT in the UK and as such they believe that we currently owed two and a half years of back-taxes which they needed to...
  9. Expert advice: How to sell your UK business in 11 steps

    Expert advice: How to sell your UK business in 11 steps

    Getting ready to sell your business? Make the process as smooth as possible by following these 11 steps. Whether it’s to retire or try something new, most founders will eventually arrive at the point where they want to sell their business and cash out as much value as possible. It’s a huge...
  10. S

    RTI Help information to include

    I'm after a little guidance on the fps and what information must be included. Our payroll software provider states that if employee has 0 pay they do not have to show up on the fps report however all guidance I find online states they do need to show even if they have 0 pay to make hmrc aware...
  11. J

    In debt currently in total of £80K

    Hi, I have a quick question. I am literally at the urge of going bankrupt due to business going bad and unable to make payments to bounce back loan, and also VAT payments to HMRC have reached about 20k. my question is if i go bankrupt, will I be blacklisted? And my second question is if a...
  12. Don’t miss the January deadline for filing your self-assessment tax return

    Don’t miss the January deadline for filing your self-assessment tax return

    For small business owners, January means one thing: the self-assessment deadline. If you’ve still got to finalise your tax return – or you’re not sure if it applies to you – follow our quick guide. If you’re running your own business, it’s likely that you’re registered for self-assessment. That...
  13. G

    HMRC making bankrupt for bill I don’t owe

    Please help. HMRC are chasing me for a VAT bill I don’t owe them relating to a business I had many years ago. I’ve never earned enough or was required to be VAT registered. When I had the business their own inspectors visited on a number of occasions and were satisfied with how the business was...
  14. L

    Authorisation with HMRC/FCA

    Good day, We are planning to set up an LTD company in the UK. Business activity: an online service mainly providing design content and software. We are carefully reviewing all the laws and regulations published by HMRC and FCA that might apply to our business activity, but still not...
  15. Karl B.

    Doing Training in Netherlands - Tax Question

    I am a director of an Aviation Training business and mainly do my business in the UK, in the past I have done business also in Denmark. A company has asked my me to do some training in 2023 in The Netherlands, but to get a work permit they want me to be an "Employee" and deduct relevant taxes...
  16. Jan Schwarz

    Custom Declaration Service (CDS) registration made impossible by HMRC

    Hi, I'm trying to register for CDS with HMRC, but because I had a different EORI number prior to registering for VAT (which gave me a a new EORI number) it is now impossible to register for CDS (the old EORI is still linked to my tax account). I'm trying to get this fixed by HMRC for over 6...
  17. Payroll explained: How to create a payslip for your business

    Payroll explained: How to create a payslip for your business

    Employers must give all their employees and workers payslips by law. Payslips are given on or before the day that someone gets paid. Payslips can be given as a paper document, sent as an email attachment or delivered via an online system. In this guide, we look at what a payslip needs to...
  18. R

    Chances of HMRC inspection?

    Just making a small research on what is the real probability of having a random tax inspection for self-employed individuals - assuming no suspicious activity, red flags or any triggers. Couldn't find any reliable stats, and uncle google says you should expect one every 5 years, suggesting 20%...
  19. D

    Corporation Tax - Property fixed asset?

    Hi - I bought a buy to let through a ltd company last year - I’m just trying to complete a micro entity form online and was hoping for some advice on how to answer the “fixed assets” question please? The property was bought for £120,000 - I am running at a significant loss currently - so no...
  20. A

    Multiple users selling through single card reader

    As an antiques shop (just started) I am asked if I can rent space to other traders. I can and can report the pitch fee income. However, their sales will all go through my till. Cash sales is ok to manage but it is card sales I’m querying. All will be processed through my merchant account and I...
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