WFH is a benefit in kind. No travel costs. No daily £4 for a chocca mocca frappalattecano, and you only have to buy an extra pair of pyjamas instead of a suit. Where does this all go on the P11D?
If you carry on working at pension age and can plan things so you have a year in the future, between stopping work and drawing your pensions, when you are below the taxable threshold, then you can plan it so as the whole lump sum is tax free.
If the government want us to all drive electric cars then they should phase out the 45p/mile for petrol and diesel vehicles between now and 2030. Maybe reduce it by a shilling a year. And in tandem they could slowly remove all tax relief for all businesses for all motoring costs for petrol and diesel vehicles.
Beats me why the government allow voluntary contributions. Or any other free credits. If you haven't paid enough for a full pension then there are benefits to top up your retirement income.
Strategy 1. Phone them and use the call to find out what they really want and whether the officer is competent.
Strategy 2. Thank you for your letter. Due to Covid, staff welfare, and the fact we haven't yet finished watching the Dads Army boxset, there may be a short delay in replying to your queries. We anticipate being a position to reply by 30th November.
Stick with £500, but tell him it is the fixed £200 (that you charged in the past) plus £20 per transaction. If his business grows then he will already have an idea of the increased fees in his mind which you can discount if he doesn't want too much "free" advice.
My answers
WFH is a benefit in kind. No travel costs. No daily £4 for a chocca mocca frappalattecano, and you only have to buy an extra pair of pyjamas instead of a suit. Where does this all go on the P11D?
Send them a bill for an hour of your time.
Why should they worry, it's not their own money they are wasting.
If you carry on working at pension age and can plan things so you have a year in the future, between stopping work and drawing your pensions, when you are below the taxable threshold, then you can plan it so as the whole lump sum is tax free.
If the government want us to all drive electric cars then they should phase out the 45p/mile for petrol and diesel vehicles between now and 2030. Maybe reduce it by a shilling a year. And in tandem they could slowly remove all tax relief for all businesses for all motoring costs for petrol and diesel vehicles.
Given all the fraudulent claims that seem to be paid by HMRC with little or no due dilligence, I have to ask: Who supervises HMRC for MLR?
Beats me why the government allow voluntary contributions. Or any other free credits. If you haven't paid enough for a full pension then there are benefits to top up your retirement income.
Strategy 1. Phone them and use the call to find out what they really want and whether the officer is competent.
Strategy 2. Thank you for your letter. Due to Covid, staff welfare, and the fact we haven't yet finished watching the Dads Army boxset, there may be a short delay in replying to your queries. We anticipate being a position to reply by 30th November.
Stick with £500, but tell him it is the fixed £200 (that you charged in the past) plus £20 per transaction. If his business grows then he will already have an idea of the increased fees in his mind which you can discount if he doesn't want too much "free" advice.
Is MTD for ITSA really happening? I thought it was a scam.