The Gooner Forum

just wondered if anyone could give me some advice,
im self employd and tax rebate time is coming up,

basicly i have approx £10,000 worth of recipts and i wondered how much i would get back and if i would get back more if i put them through seperatly (IE £2000 fuel £1000 Food ETC ETC)

also do i get any form of tax relief for having a baby.

the accountant that works for my company is a right robbing bastard
he used to do the whole firm first of all getting them 2/3 grands which gradually started dropping to £600 (despite putting through the same amount of expenses) then when he was called out on it and people said they were going to use someone else he said he'd get them £2000 again

hence me asking on here for help lol

cheers for reading

Whatever you do Scream dont let the tax man fuck you over, ive had the inland revenue chasing me up for money which i dont owe em which they seem to have imagined up, plus i've never had any emergency tax ever returned to me. They're *word censored* so be careful.

yeah i know, last year they took £600 from my rebate because of NI...i thought they were voluntary payments (although you're fucked if you dont pay em)

didn't realise they could just take it out of your rebate

Jaysus NI is not voluntary it pays for your use of the NHS and the State Pension.

No tax relief for kids but you get child benefit of £20 per week.

Not much is tax deductible except for equipment that you need to use for work eg, pc, safety boots, overalls etc.

Travel is only allowable if not to your normal place of work and starts at 40p per mile or the fare.

If you do the online assessment it guides you through and gives you links to the info you need.

https://online.hmrc.gov.uk/login?GAREAS ... ssessment/

cheers for that, i got a letter saying i hadn't paid my NI 1 year (although i hadnt actually done any work that year as i was being a bum for a while ) and that it was a volantary payment but that year would not be included in any pension...

its all so damn confusing!

If you don't work you can make a voluntary contribution to make sure you get full state pension. You need to have contributions for about 35 years to fully qualify.

I'm not an accountant. But I was self employed for many years. And had my own company for many years.

A good accountant should be able to save you the cost of his/her work. And then some more.

Sounds to me like you are employing a lazy accountant. Go get yourself another one. They are legally obliged to pass your files to the new accountant.

It's easy to change over.

One word of advice, don't try to mislead a government department. Stick within the rules.

And if you register for VAT, be aware that HMCustoms and Excise (or the modern equivelant) have more powers than the police. If they think you are dodgy, they can smash your front door in to get to your files. Without a search warrant.

i was doing my taxes myself which is why i think im not getting as much as i could be, was told today most people are getting £5000+ lol

gonna try and find a decent accountant before april as i could do with some extra cash lol