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GW
Member Since: 19th Jun 2009
Blogger
Likes: 9
Thanks: 353
GW
  • Blog posts
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My answers

17th Dec 2020

I agree with Lion, You've sold the wreck of the old machine to the insurer for £500k - I expect you'll find they are entitled to any scrap value. Then you've used £500k to but a new machine.

Reply to
Insurance proceeds
30th Nov 2020

It does answer the question - It isn't allowed because self-employment income isn't a) employment income or b) Pension income or c) social security income

Reply to
Self-employed proprietor and paye
30th Nov 2020

s.683 ITEPA 2003:
(1) For the purposes of this Act and any other enactment (whenever passed) “PAYE income” for a tax year consists of—

(a) any PAYE employment income for the year,

(b) any PAYE pension income for the year, and

(c) any PAYE social security income for the year.

Why would you want to pretend a self employed individual is employed?

Reply to
Self-employed proprietor and paye
8th Oct 2020

Class 2 NI gives entitlement to State Pension and contributions based benefits such as Maternity Allowance, JSA etc

NI credits for a child under 12 only gives entitlement to state pension

Reply to
Low earnings from self employed and NI credit
12th Aug 2020

If you know the make and model:
https://www.gov.uk/co2-and-vehicle-tax-tools

If you know the registration number here:
https://www.gov.uk/check-mot-status

Reply to
How could we check online the details of CO2 motor
10th Jul 2020

See:
https://www.gov.uk/government/publications/a-plan-for-jobs-documents/a-p... section 3.1

As usual you'll have to wait for more information - promissed by the end of this month

Reply to
£1,000 Job Retention Bonus - Clarity
19th Jun 2020

From: Steps to take before calculating your claim using the Coronavirus Job Retention Scheme

Employees returning to work after being on sick pay

For employees on fixed pay, claims for full or part time employees furloughed on return to work after time off sick should be calculated against their salary, before tax, not the pay they received whilst off sick.

Claims for those on variable pay, returning to work after time off sick should be calculated using the highest of either:

80% of the same month’s wages from the previous year (up to a maximum of £2,500 a month)
80% of the average monthly wages for the tax year 2019 to 2020 (up to a maximum of £2,500 a month)

Reply to
Furlough pay for employee previously paid ssp
14th Jun 2020

I couldn't log in until I downloaded today's AVG definition update which has sorted the problem.

Reply to
Trouble logging into HMRC
4th Jun 2020

1) Is this connected with the question you asked yesterday?https://www.accountingweb.co.uk/any-answers/ltd-company-buying-shares-in...

2) Why do you think the wrong company ended up as the holding company?

3) This situation needs to be looked at in its entirety not one small point at a time.

Reply to
Co 1 is a subsidiary of com 2, how do you switch?
3rd Jun 2020

This happens nearly every year as HMRC wait for the Finance Act to be passed

Reply to
Filing CT 600 - P/e after 31/03/20
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