OnlyFans and VAT
July 3, 2020
I understand from a number of clients that OnlyFans have recently sent out a text which included this statement:
As a result, OnlyFans will collect VAT as required and remit to the UK and EU tax authorities on the Creator’s behalf. As a Creator, you won’t need to fill ou...
When will I hear about the self-employed grant?
April 3, 2020
The government have said that most people who are self-employed will be able to claim a grant though the (COVID-19) Self-employment Income Support Scheme.
You cannot apply for this scheme yet.
HMRC will contact you if you are eligible for the scheme and invite you to apply o...
My advice to the self-employed who haven’t submitted their 2019 tax return and who are worried about their tax bill
March 28, 2020
The government has introduced the Self-employment Income Support Scheme to help the self-employed affected by COVID-19
It’s a generous scheme – you’ll receive a taxable grant which will be (in simple terms) 80% of the average profits from the last three tax years. It i...
The Self-employment Income Support Scheme
March 27, 2020
This is a copy of the government email I have received.I have highlighted the important points....
Are you struggling to pay your tax?
February 2, 2020
If you're struggling to pay your Self Assessment tax you may be able to set up a payment plan with HMRC to pay it over the next 12 months. The best thing about it is you don't have to speak to anyone at HMRC because you can apply online.
To be eligible to set up an online pa...
HMRC - as much use as a chocolate poker
September 7, 2019
Successive governments, Conservative, Labour and for a short term the LibDems (in coalition with the Conservatives), have over the last 30 years cut HMRC so much that it's no longer fit for purpose....
No paperwork - what can I do?
August 11, 2019
Too many accountants give bad advice.I have come across so many that I now believe that they just can't be bothered to give the right advice because it means they have to do some work to help their client,The commonest example is that "unless you have a receipt you can't cla...
2019 tax return deadlines
August 10, 2019
It's a wet weekend so I thought I'd write something interesting about tax. Never an easy task at the best of times.If HMRC have told you that you must submit a 2019 tax return you have until 31 January 2020 to submit it online or 31 October 2019 if you complete a paper retur...
HMRC approved mileage rates from 2011/12 onwards
November 20, 2018
If you're self employed HMRC will allow you to claim for the cost of business journeys in two ways:
1) A percentage of all your car expenses based on the proportion of business miles you do. You may also be able to claim for the cost of your car as well.
2) An approved milea...
HMRC penalties
November 17, 2018
HMRC have , without a doubt, over the last few years been less and less concerned about making sure taxpayers have done the right thing at the right time because if the taxpayer didn't bother there were ample opportunities for HMRC to charge penalties.
In my opinion most of ...
Loading...
TAGS
Loading...