[Dave Willis]

I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours 

It seems in many cases if there is no trigger then everything stays the same.

[Shane sharples]

That sounds like a lot of bloody hassle!
Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year

[Marc Stock]

I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours 

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

[Tosh]

Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 

He hasn't got a sense of humour, so saying he'll have a different one is pointless.

[Tosh]

I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours 

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

So the 45K you owed when you were made bankrupt, they had to whistle for it?

[ChumBucket]

Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 

He hasn't got a sense of humour, so saying he'll have a different one is pointless.

 

[Marc Stock]

I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours 

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

So the 45K you owed when you were made bankrupt, they had to whistle for it?

Yep pretty much it.

[Cookie]

Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year

Shrek - you're correct on this. Also I'm only working part-time alongside another job where I'm PAYE.

Marc - sorry to hear about your experience with HMRC. I do agree with you however that it seems to be the big guys who get away without paying tax through offshore tax havens etc... and the small guys (like us) get the book thrown at them for the slightest error. Every UK government has claimed they are going to put a stop to this but the big guys tax advisors always find a loophole somewhere.

[Perfect Windows]

Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year

Shrek - you're correct on this. Also I'm only working part-time alongside another job where I'm PAYE.

Marc - sorry to hear about your experience with HMRC. I do agree with you however that it seems to be the big guys who get away without paying tax through offshore tax havens etc... and the small guys (like us) get the book thrown at them for the slightest error. Every UK government has claimed they are going to put a stop to this but the big guys tax advisors always find a loophole somewhere.

The biggest problem is that the UK tax code is close to 20,000 pages long.  We get accountants who know the main points, large organisations can pay for people who pore over every word.  There was a tax lawyer on TV the other week who charges £4,000 a day to advise people on how to get out of paying tax.

Vin

[Perfect Windows]

Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 

Nope - it's bilge of the highest order.  Occam's razor says so.

Vin

[SeanK]

Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year

Shrek - you're correct on this. Also I'm only working part-time alongside another job where I'm PAYE.

Marc - sorry to hear about your experience with HMRC. I do agree with you however that it seems to be the big guys who get away without paying tax through offshore tax havens etc... and the small guys (like us) get the book thrown at them for the slightest error. Every UK government has claimed they are going to put a stop to this but the big guys tax advisors always find a loophole somewhere.

The biggest problem is that the UK tax code is close to 20,000 pages long.  We get accountants who know the main points, large organisations can pay for people who pore over every word.  There was a tax lawyer on TV the other week who charges £4,000 a day to advise people on how to get out of paying tax.

Vin

There must be a few on here who would benefit by employing that guy.

[Tosh]

I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours 

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

So the 45K you owed when you were made bankrupt, they had to whistle for it?

Yep pretty much it.

Did you phone them up afterwards and accost them with swear words, telling them they could go feck themselves. I would've.

Did you have a mortgage at the time? If so what happened about the house?

[Marc Stock]

It gets worse...

No i didn't have a mortgage, as i was made bankrupt in 2014 i have been renting. And still am.

The house and mortgage all got sold when my marriage broke up in 2008. This was whilst HMRC were doing their investigations.  So long before thier conclusions. I went on a 2 year weirdness bender lived off the money from the house and didnt work much sold off what i had left of the business  (most of it went to pot cos i lost interest in life) and attempted suicide,  drank and smoked heavily  and became a complete selfish  twat.

I then broke my arm, and got into a car accident.

Honestly this is all true..no wonder why i have depression

[ChumBucket]

Whatever you do Marc Do NOT listen to any Morrisey! 

[Marc Stock]

Whatever you do Marc Do NOT listen to any Morrisey! 

Hahahha

[nathankaye]

Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

Wow thats a bit too deep for the likes of this forum,   tho I liked a debate where even Van Dam brought the Rothchilds into the discussion, but thats for another thread I think..

I know of a plumber who insisted all his customer paid by cheques (yes, going bk some yrs) so he had proof of income. However HMRC had their own model to follow where a certain percentage of income was cash and x amount by cheques. So as far as they were concerned, the obvious answer was that he wasnt declaring x amount of cash and based on their model projection they made him pay tax and interest and this supposed amount. It wasnt a case of prove I did but more of a case of prove you didnt!!

[paulben]

English law you are innocent till proven guilty but with hmrc its guilty till proven innocent . They screwed my son over when he was self employed. Forgot the ins and outs but they owed him more than he owed them but wouldn't pay him till he paid them claimed it was from another dept . They sent a cheque after he paid . After about a week went to bank to draw out some money the low life scum bags had only gone and cancelled the cheque another phone call and more bull from them before they reissued the cheque .

[Marc Stock]

English law you are innocent till proven guilty but with hmrc its guilty till proven innocent . They screwed my son over when he was self employed. Forgot the ins and outs but they owed him more than he owed them but wouldn't pay him till he paid them claimed it was from another dept . They sent a cheque after he paid . After about a week went to bank to draw out some money the low life scum bags had only gone and cancelled the cheque another phone call and more bull from them before they reissued the cheque .

Exactly.

At the peak of the investigation HMRC started making up conclusions in my case with no real evidence. Ok i claimed on stuff i thought i could, but here is the inconsistency... on comparing some of my friends tax affairs there was stuff that they were allowing for him but not me.

It really depends on the cretin who is doing the investigation at the time and thier motivation. I happend to have a right bitch 20 something year old out to prove her abilities.

HMRC are quite simply a legal extortion racquet for the Banks. People dont understand that HMRC dont even report to the government, they are agents  directly linked to the Bank Of England to bring in deposit payments on bonds lent to the government from the bank of england.

And guess what the bank of England isn't even the bank of England its a private bank owned by private individuals since the 1600's  to today. Rothchilds are one of those families who own these banks and their wealth is yours, mine, the banks, everything. Something like several trillion trillion £ it truly is staggering.

The government need money, they dont have any abilty to raise money themselves exept the power to tax people.

The bank of england create the money supply, the government buy bonds from the bank, and the government pay back those bonds with our money through taxes.

The bank of england charge interest on those bonds creating more money for the bank and more wealth  to sell bonds back to the government so the government can tax us more.

People  need to wake up to this extortionate racquet.

But we are blinkered and blind.

[Perfect Windows]

And guess what the bank of England isn't even the bank of England its a private bank owned by private individuals since the 1600's  to today. Rothchilds are one of those families who own these banks and their wealth is yours, mine, the banks, everything. Something like several trillion trillion £ it truly is staggering.

No it's not.  That is totally, completely and utterly incorrect.

Here's the relevant section from the 1946 Bank of England Act.  This was the bill that nationalised the Bank of England.

http://www.legislation.gov.uk/ukpga/Geo6/9-10/27/section/1

If you bother to read it you'll see it details the transfer of all shares to the Treasury.   I know it's boring and full of "facts" rather than "internet facts" (aka b******s) but if you read it you'll see that for the past seventy years the Bank of England has belonged to the treasury and hence to the UK.

If the idiots feeding you this conspiracy theory tripe can't even find an Act of Parliament that took me 30 seconds to find, I think the sensible thing to do would be to stop listening to them, pay your taxes correctly (to the government, who spend it on the NHS and suchlike rather than channelling it to the Rothschilds for some freakish reason) and go and have a lie down.

But we are blinkered and blind.

Indeed some of us are.

Vin

[TomSE]

For vehicle costs, rather than 45p per mile is it not allowed for you to claim all the fuel and other maintenance bills?

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

As it seems to suggest there that you can just add up all your fuel receipts and other van related receipts and claim that figure?

Tom