Nothing in this profile is actualy true. Or is it? Who knows, who cares.
I prepared a set of accounts this week with the net profit after tax of exactly zero to round pounds.
Complete fluke, it wasn't planned.
infact I spent 20 minutes trying to make it anything but zero but there was nothing much I could move short of accruing a £20 phone bill, so I left it.
Look weird mind.
Its a complete [***] up by HMRC.
The SA record is populated by the NIC database.
Which doesn't look at what is on the SA return. Ie the sole trade that clearly exists as you have just told 'em about it.
I will be interested to see what happens with qualifying years for state pension purposes in 5-10 years with HMRC taking it off, when they have clearly notified a sole trader by putting it on their tax return, but HMRC have taken it off. Going to be some appeals.
If he is banned, suggest the vehicle is taken off road, insurance cancelled etc, and get a SORN.
Has he got a friendly garage who might store it and confirm they have done so?
Mine is as follows
hi, you would do pretty well by having a long read up on "starting up a practice" posts on here.
This forum can be pretty helpful if you ask SPECIFIC questions
It will also help you get good responses if you answer other peoples questions and people see you about. Good practice too if you are not used to working this side of the fence, as people can then correct you if you stuff it up. Like what I do as I am rubbish at tax despite doing this for a day job for 15 years.
Doubt anyone will just be your personal mentor just for kicks, its a time consuming thing to do unless you are pretty bored, but if you join in the community you will get a whole range of help, some of which may be very direct and rude, but often makes a valid point.
Can I give you a belated "boom tish" for that.
Its either a very big yacht, or a very small party
I am not sure if they are more frequent or not, but there are a huge number of errors in tax codes to the point we tend to just ignore the mad ones.
We also bizarrely had a spate of 2017/18 codes being issued first week in April 2018. Not much use!
I dont think you will get the answers to your homework on here.
It could be legit but it sounds like money laundering via your well meaning client.
As above, warn your client to be prepared for many other similar requests.
NB re refugees, some refugees have money. Quite frankly you wouldn't make it overseas unless you had some stashed away to pay all the traffickers and bribes. $1400 is maybe a couple of months average wages before the war. If you live in an unstable country and have the means to do so, you will tend to hold dollars in overseas bank accounts as a hedge against disaster, whether in your name or another family member.