*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » Can you switch claiming methods » Go to message
Hi,

You can find out if the simplified expense method (tax relief on 45p per mile for the first 10,000 miles and 25p for over and above 10,000 miles) would save your business money against your actual costs by using the tool found here: https://www.gov.uk/simplified-expenses-checker

The way to switch would just be how you record the expense in your tax return at the end of the financial year.

Thank you

*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » Parental gift » Go to message
Hi,

The gift itself when you receive it is not taxable therefore you will not be required to include it on your tax return.

There are specific rules for your parents gifting you the money and Inheritance Tax. More information can be found here: https://www.gov.uk/inheritance-tax/gifts

If you or your parents would like to find out more, you can contact our Inheritance Tax help line on 0300 123 1072.

Thank you
Self Assessment 2018 » The tax calculation is higher than my profit » Go to message
Hi jhackett

I believe an answer for this was provided in another forum. Please let us know if you have any further questions.

Thank you
*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » NIC Class 2 / 4 - separate payment due? » Go to message
Hi,

If you have completed your tax return online you will be able to view your tax calculation. This will include whether or not any class 2 or class 4 contributions were deducted. If they have been included then any refund calculated will reflect this. If they do not show on the tax calculation or you are unable to view the calculation, please get in touch with our Self Assessment department by web chat or phone and we will be able to check this for you. Contact details can be found here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment

Thank you
*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » First time doing a tax return » Go to message
Hi,

Any query about depreciation in value would be relevant to our Technical team and they would be able to discuss your own details. You can contact our Self Assessment department by web chat or phone and request to speak to a Technician about Capital Allowances. Contact details can be found here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment

Thank you
*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » Doing my tax return online » Go to message
Hi,

There could be one of a number of reasons why you are having issues. If you contact our Self Assessment helpline one of our advisers will be able to help you resolve this. Contact details can be found here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment

Please have your personal details ready, as well as any online details you have created/received - user ID/Password/Activation code.

Thank you
*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » Paying NiC 2 » Go to message
Hi,

You will need to contact our National Insurance department. Contact details can be found here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/national-insurance-enquiries-for-employees-and-individuals

Thank you
*Last Self Assessment Q&A on 26th January 13:00 - 15:00* » Employing people » Go to message
Hi,

If you are employing staff, you must tell HM Revenue and Customs by registering as an employer - you can do this up to 4 weeks before you pay your new staff. This is regardless of the amount they will earn. More information can be found here: https://www.gov.uk/employing-staff and https://www.gov.uk/register-employer

You will be able to claim expenses on staff salaries, amongst other things, with more information found here: https://www.gov.uk/expenses-if-youre-self-employed/staff

If you would like more detailed advice please reply with some more information on your circumstances.

Thank you
Self Assessment 2018 » Claiming Gift Aid » Go to message
Hi franhaw,

If your certificates do not show that you opted for the gift aid then there will be no further action required. If you were to contact the charities, they will be able to confirm whether you have done and if you have then you will need to declare this to HMRC. As you are a non-tax payer, any donations you have made with gift aid will become liable to tax and you will be sent a bill based on the information you provide.

Kind regards
Tax returns » Do I need to complete a tax return? » Go to message
Hi Shannon,

If you notified HMRC that your business started on or before 05/04/17 then you will be required to complete a return for the end of January. If it started on or after 06/04/17 then you won't be required to do one just yet. Let me know which one applies to you and I'll be able to advise further

Thanks
*Self Assessment Q&A on 12th Jan 13:00-14:00 & 19:00-20:00* » Jobseekers/ ESA - effect on Tax Return » Go to message
Hi Lacey,

When completing your 2016/17 tax return you will be required to enter when your self-employment ceased trading.

The tailor your return section will ask 'Did you receive any UK pensions, annuities or state benefits, for example, state pension, occupational pension, retirement annuity, Incapacity Benefit?' - select yes, and when completing this section you will be able to enter any Jobseekers and ESA that you received during that tax year.

To notify HMRC that you have stopped self-employment please complete the 'Tell HMRC you’re stopping self-employment' form on www.gov.uk/stop-being-self-employed

Kind regards
*Self Assessment Q&A on 5th January 2018 at 11:00-12:00* » Different form for Tax Return ? » Go to message
Hi,

If you are completing the 16/17 tax return, the paper deadline passed on 31/10/17 and to avoid any penalties you would be completing the tax return online by 31/01/18. The online return will ask you if you used the 'cash basis' which describes your situation. You can then enter your turnover and expenses, either as a single value or detailed breakdown, to calculate your profit/loss. Access and completion of the online tax return is the same for all cases.

If this is about the paper return and you have an extended deadline or this query is for next year, you will be able to complete the SA103S Self-employment (short) as part of your full return, rather than the SA103F Self-employment (full) which asks for a more detailed breakdown of a business.

Kind regards
*Self Assessment Q&A on 5th January 2018 at 11:00-12:00* » Tax return » Go to message
Hi Chris,

Your accountant has until midnight on the 31st of January to submit the completed return so there is still time. If it is not submitted on time then yes, your record will become liable for a late filing penalty.

Kind regards
*Self Assessment Q&A on 5th January 2018 at 11:00-12:00* » Help finding details » Go to message
Hi,

If you are looking for your personal details then you should have a self-assessment online account.

You can create a new account if you do not have one or access a previously set up one here: https://www.gov.uk/log-in-file-self-assessment-tax-return

Kind regards
*Self Assessment Q&A on 5th January 2018 at 11:00-12:00* » Simplified Tax Return Advice » Go to message
Hi,

Unfortunately we do not e-mail returns but there are different filing methods available.

How do you complete your return at the moment? Is it online or by post, and if by post is it a full tax return or short tax return that you complete?

Kind regards