Member Since: 20th Feb 2007
19th Aug 2016
19th Aug 2016
each payslip shows a cumulative NIable gross figure, which is equal to the gross pay. The NI deducted doesn't seem enough for the the gross pay - total for year is gross pay £76414, NIable gross £76414, NI paid £4799, NI earnings per P60 (in total) £42384
5th Feb 2015
With due deference to Portia, none of the above apply and if the overseas rate exceeds the British tax then it isn't denied but restricted to the tax that would have been payable if the earnings were taxed at UK rates. So if the foreign country takes 25% on a basic rate taxpayer then you are restricted to getting 20% (well those are IT rules). In IT in fact it's more complicated than that - you have to work out the amount of the profit of the business that derives from that chunk of overseas earnings. So if the turnover is 10% of your turnover then you work out 10% of the profit and see what the British tax would be on that and restrict to that figure accordingly. Kenyan WHT is only 15% by the way.
But although those are the IT rules, what I know about CT could be written on the back of a postage stamp.
I assume that you can also treat the withholding tax as a deductible instead in the same way as you could for IT.
31st Jan 2015
One of the ones we were filing yesterday teatime with BTC got as far as attempt No. 162. This morning I've filed about 7 of which one made it as far as attempt No 2.
Gone are the days when the Revenue computer was a real problem in truth, We've had a couple of outages in the last two months and the filing problems are only temporary. As a taxpayer I don't want to pay for a gold-plated computer system that doesn't feel any strain with Jan 30th filings, because it would be sat with its feet up for the next 360 days.
29th Jan 2015
Basically you can't file using the Revenue's software but you can file with commercial software (well certainly with Sage and BTC).
4th Sep 2014
Just Say No
If he has just put down a month's worth of receipt-shuffling down as done at your place then it's not really going to be relevant to his job offer. If he put it down anyway it must have been under the expectation that you would not be contacted for such a small period of employment or he would have told you in the first place.
As such, just don't answer the request at all but give your nephew the impression that it has been dealt with. He wouldn't be dumb enough to submit a fake reference if he thought that there was any danger there would be two separate references. So the new employers don't get a reference from one of his alleged past employers? If it was piffling then it won't affect his job offer and if it represented a big chunk of his past employments then they may contact you in which case tell them the truth and it's his own damned fault.
14th May 2014
Season Ticket Rules
Usually a normal season ticket has certain rules on it saying that it is a non-transferable thing (and I speak as a Man City season ticket holder so slightly questioning why anyone would want to enter the raffle). Not that people don't swap them around, just that they legally shouldn't. But if it's a corporately purchased s/t then most clubs will recognise it as such and you will pay a little bit more for the pleasure. You will be part of the prawn sandwich brigade rather than the meat-and-potato pie normal fans and the vast groups of tourists. And all clubs are desperately keen to bring in more corporate arses.
But then the powers that be would be happy with anything that gets bums on seats these days. They have been offering incentives to get people to buy s/t's, offering half-season deals and reductions to one's own s/t for bringing in new punters. Rats, sinking ship etc etc.
30th Jan 2014
A sight for sore eyes
Cheers Toni - thanks for bringing a smile to a late-night vigil. Sadly my deadline experience is a solo one and I know I'll wake up tomorrow feeling used.
26th Jan 2014
I had an entertaining one last year. The Revenue gave up on ever contacting someone so they actually cleared the Returns from their list by providing themselves with zero Returns. Only they did this on 3rd November, thereby triggering the computer to generate a penalty. It went away of course but a call to the helpline should clear up what's gone off.
23rd Jan 2014
Clients? There's a proverb about if someone builds a better mousetrap the world will beat a path to his door. Sadly accountancy isn't about mousetraps or even about elegant systems, good software and registration with the right people. Clients 1st, 2nd and 3rd priority, then the rest is secondary.