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Brilliant; just what I needed. Thank you.

Thank you for the information. Much appreciated.

Should a tax agent be registered as self employed?

Hi could you tell me where to put activation code in for paye ?

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can you only pay a dividend if the company has profit? for example a company has a loan of £10,000 outstanding but has £3,000 in its bank account so a net £7,000 owed, can a dividend be paid from the £3,000 in the bank or would this be classed as the company is not making profit

If you use 2 cars for work is the 10,000 mile cap per car or per person?

My accountant already have all these details and registered but I want to log in PAYE myself without telling my accountant because I want to see history of my employees. I asked my accountant to send me those details he said no what to do to log in HMRC port and see my PAYE please help

nope - there is no place to "request authentication code"

10 / 10 to that man! Method 2 worked for me🙂

Hello please could you tell me how i add my carers to my account. I have carers due to my disability

Thanks mate

thanks a lot

Oh, let’s not forget council tax, road tax, and even tax for simply watching your tv that you’ve already paid for (for which the overall cost already included Tax A.K.A - VAT).

If you've lost your utr it might awell gone down a black hole, can't open up a hmrc acount tried everything its been 6 months can't get hold of it 😮

You really get into the weeds in a way that others don't.

thank you for the break down . however, whats the difference between the Accounting Reference date and the Financial reporting period.. are they the same

In my opinion the ICO has no teeth and pretty much useless to the general public....government organisations hide behind this service referring you back to them knowing full well they will close your query down....why are they being paid by the tax payer?

So useful - thank you

I have done a tax refund and HMRC said WB Employment Internal Accounts has not sent them a P60. I had written too my company employment agency and no reply. I used a company called taxed to claim a refund Richard Bealey Exeter Devon UK

mate, love the wah you explain things, super helpful

Thanks for the video. I'm planning to buy a brand new motorbike under sole trader expenses, can I claim the whole value under AIA/Capital allowances? Or even under cash basis? What about an Electric car for personal use? The main reason is to bring the tax brackets down to the basic level.

❤

Get over it and get back to the office hmrc should tax the wfh lot more than non work from staff

Thank you for the video. Straight to the point. Nice one bro.

Great video thank you! I received a specified charge letter but when I logged into my account online there is no sign of any charge or late payment in my PAYE account. It specifically says I don't owe anything so I'm even more confused. Could it be that their system hadn't caught up to the fact that they had since received my RTI but the letter was still sent as it's automated?

Double tax bills while your income grows each year. I mean, why else are we in business. We aim to grow each year right? Our only relief from tax is when our bodies are broken and we're forced into retirement. Not bitter at all. :(

I mean I would appreciate it if you show us on the company house website where to find request the code. I can never find this tab any where on Company house website.

Thanks for the info

Can I claim tax relief on business mileage when I am using a company car?

Hi Benedict! Thanks for the video, can we claim the purchases pre-registration VAT for the goods that we bought for trading (sales)? also, do we need to pay the VAT over the pre-registration sales? (selling on Amazon UK)

Thank you for your very clear videos. I bought my first fixed assets (small UK limited company) in tax year 2020/21, and did the double entry bookkeeping for the depreciation and it all works great (after much initial misunderstanding) and everything balances. I've also been claiming AIA 100% first year and the super-allowance in the second year. I haven't been showing the capital allowances in my accounts because I thought (probably naively) that the capital allowances was for tax purposes only. In the tax year 2022/2023, I made a profit before tax but, after capital allowances, made a loss. Am I doing this right - do I just gaily carry on with my double entry bookkeeping (add back the depreciation to my pre-tax profits, work out the tax then say "oh but I made a loss for tax purposes" and carry it forward against tax for future years without it affecting my accounts? I'm totally confused about it.

I keep reading that you MUST keep a physical logbook with odometer readings before and after every applicable journey (and personal vehicle use too, some say) - is that not the case?

Thanks so much for making this video, I have a quick question: Is it ok to claim for an item worth over £1000 for the year on the cash basis? I asked because you mentioned avoiding going over £1000 for a single item for AIA but does that count also for the Cash Basis? Say for example you purchase a machine for work which costs £2000 and you want to put through as an expense using the Cash Basis, would you be able to claim for the full year with this amount for the single item? If so, how many years do you need to make sure you keep hold of the machine for after the submission of the item as an expense for that year. Thanks in advance!

Hi Thanks for a great video. I am a sole trader using cash basis. I bought a van (£3000 deposit £15000 loan (including interest)) Do I just put the total £18000 as an expense ? Can this be done in simplified expenses? Any advice would be most appreciated!!

On the question of import end export you suggested to answer no, "but you can still do those things"... can you elaborate a little more on the implications perhaps of answering yes vs no? Just feels a little odd to say 'no' and then start buying goods and selling to the EU and internationally straight away... and what do you meant by "it won't be your main business". Thanks!

If I complete a SA form for the tax year - April 2023 to April 2024. This form has to be in in January, so do I just provide as estimate for the last three months of the tax year? Or when I do a SA form, do I indicate it's from April to January?

I am a Chinese and register a British Limited company, and plan to open a store on Amazon in the US through this company, I will not operate it locally in the UK and have no income from UK sources. In this case, is it UK tax-free (offshore tax-free)? If taxes need to be paid, what taxes need to be paid? Thanks.

Very informative vlog, thanks

Very useful, also very much enjoyed the delivery

HMRC make the criteria to claim overly complex so normal people feel nervous to claim and in the end do not claim in fear of a hugh re-payment and probably penalty fine years down the line. In essence HMRC are crooked (keeping money that is owed to workers) they should explain in simple and workable terms that a normal person can understand and apply confidently. I have changed work place recently, i will spend over 40percent of my time at this place of work but it is expected to be my workplace for under 24 months. The way i read HMRC's riddles is that this becomes a temporary place of work and i can claim back upto the 45p per mile (32p after i deduct the 13p my employer reimburses me). Unless there is some other obscure caveat i have missed? It is wrong really, if they were that clever they could translate their wording into understandable language on their wedsite but i highly doubt they're capable of doing this. Very frustrating....

Very detailed explaination. Thank you! I tried calling up with no success 😅. Current situation being, helping a friend out for a few months, irregular income but possibly will be over the £1000 threshold. No plans to carry on as a freelancer after this, what’s the best way to go abouts this? Do I need to register as self employed?

But, the Value of money of £10,000 which I claimed to Tax is not as the same value which will be in the next 4 years right? Then how can we say the profit level of £40,000 is unchanged?

the 13 digit "reference" on HMRC letters was confusing indeed. thank you.

How long does it take to come registered on Thursday and it's Saturday today ???

Seems like you have some decent content. No videos made in the last two years. You should get back here and make some up to date ones as they’re the easiest ones to listen to when compared to the other UK accountants. Hope to see you soon

Whether the payment comes from us or from the the government to the ICO, we are still the ones ultimately paying. It's always our money.

i am confused about one thing: Do i need to register as 'Sole Trader' at all? (Or to start with?) Or just do the self-assesment? I have the HMRC Gateway login (10 digit), and NI codes. I would like to do Freelancing as my main income.

so if I am a seller and I have information about people, address, email number and I send the supplier to send them the product, I do all that for my company, I don't need to pay, that's okay?

good video, best video regarding ICO