Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » Expenses » Go to message
Hi Jay

All expenses are allowable as long they are solely for business. You cannot claim for any personal travel or expenses not in accordance with your business.

Please follow the attached link for further information regarding travel and subsistence
https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim47700
Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » tax relief for cars? » Go to message
You will need to account for the expenses in each tax year - the tax year runs from 6th April to 5th April each year.

Please follow the attached link for more information on expenses

https://www.gov.uk/expenses-if-youre-self-employed
Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » Apportioning expenses » Go to message
Hi

If you use something for both business and personal reasons you can only claim allowable expenses for the business cost.

You would need to split the business and personal costs

Example
Your mobile phone bills for the year total £200. Of this, you spend £130 on personal calls and £70 on business.

You can claim for £70 of business expenses.

Please follow the link below for further information

https://www.gov.uk/expenses-if-youre-self-employed


Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » tax relief for cars? » Go to message
Hi

Are you claiming for business mileage? If so being self employed you would claim for this when completing your tax return.

Please follow the attached link to set up as a sole trader and register for self assessment

https://www.gov.uk/set-up-sole-trader
Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » Not paying because I cant » Go to message
Hi

If you are unable to pay a tax bill in full please contact HMRC as soon as possible and we may be able to arrange a suitable payment plan for you. We may pass the debt to a debt collection agency and they will take the appropriate action.
Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » training - confused between CPD & not » Go to message
Hi Fiona

You can claim for expenses for refresher training but not for first time training. The expense must be wholly and exclusively for the course of your business.

You can find more information on GOV.UK by accessing the following link https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim35660
Starting up/ Business Expenses Q&A 19th April 11:00-15:00 » Paying sick pay » Go to message
Hi
You’re only responsible for paying Statutory Sick Pay if:
you pay Class 1 National Insurance contributions for your employee (or would do if not for their age or their level of earnings)
your employee was sick for 4 or more days in a row (including non-working days)
your employee has told you they’re sick within your own time limit (or 7 days if you don’t have one)

More information can be found by following the link below

https://www.gov.uk/employers-sick-pay
Starting up » part time employed and self employed » Go to message
Hi Sc0ttie

Bank statements showing payments made from clients/agencies, invoice that you raise to clients - basically any evidence of payments received and retain receipts for goods/service bought in the course of your business. Follow the attached link which may help with business expenses including vehicles /www.gov.uk/simpler-income-tax-simplified-expenses/vehicles-
Self Assessment » Payments in advance » Go to message
You're welcome!
Self Assessment » Payments in advance » Go to message
Hi Jenn

We ask for payments on account when less than 80 per cent of the total amount of income tax due for the previous year was collected at source and the SA payment due for the previous year was £1000 or more and there is no entry in the last return required box showing the previous tax year.

It would seem that payments on account are not required for you.
Self Assessment » HMRC site still saying 'Not received' after File By Internet. » Go to message
We are very busy today - the helpline number for online services is 0300 200 3600. The self assessment helpline is 0300 200 3300 - the SA helpline is open until 10pm today, tomorrow and Wednesday
Self Assessment » HMRC site still saying 'Not received' after File By Internet. » Go to message
Hi

Our online services helpdesk will be able to advise you regarding the submission of the return/s. please click on the following link to request a webchat www.gov.uk/government/organisations/hm-revenue-customs/contact/online-services-helpdesk.
Self Assessment » Property Insurance » Go to message
Hi Gill

You have buildings insurance which basically covers the structure of the building and contents insurance which covers personal belongings etc inside the property. Hope this makes things a bit clearer.
Self Assessment » Capital Gains Tax » Go to message
Hi Tel

Bank interest received is added to your income to give your total income for the year.

We would need to view your calculation to ensure it is correct. If you want us to check you can request a webchat through HMRC website by accessing the following link https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment
Starting up » part time employed and self employed » Go to message
Hi sc0ttie

1) You will be able to claim for travelling expenses incurred under your self employed business through your 2018/19 tax return.

2) The personal allowance for next tax year (your first tax return year) is £11850. If you earn below this amount under PAYE (employee) and self employed profits combined you will not be due to pay tax. If your self employed profit is more than £6205 in 2018/19 you will need to pay class 2 national insurance contributions which will be £2.95 per week.

3) You do not need to submit evidence of your self employment with your tax return but will need to retain records in case of an audit