Self assessment on queue - anyone else not sent it but?
Its driving me up the wall - I can't get on queue to send it! Is the deadline midnight, or in advance?? (The HMRC comps are down, if you are wondering why I haven't sent it!)Answers: i did not receive any confirmation to confirm that i had sent mine contained by,so i contacted the hotline.
needless to right to be heard they did not have my papers!
so i have to quickly download the paperwork and compress it all within again. the deadline is today, but they said that IF you do not have any toll to pay next you will be billed the 100.00 fine until the paperwork is documented, then it will be withdrawn.
so if you havent done it on the other hand i hope you have plenty of exemptions from your return and hence no due to pay.
i sent mine surrounded by registered mail today.
hope this help a little.
What a surprise! Cheap Government software can't stand the strain again! The trouble is, in that are so many general public like you who quit it to the last minute, that the system get overloaded. In the circumstances they MIGHT extend the deadline. If they don't, and you get a cost, appeal against it, stating your reasons for the appeal. You may win lucky.
If I owe the IRS from last years taxes, but making payments, will they still take my refund from this year?
Answers: Yes, they will.
Probably, until the balance is paid in full.
Ebay excise...?
does anybody from the uk pay ebay levy for selling iterms and how much do you pay is it closely because i was thinking of payingAnswers: I've never hear of a specific "E Bay tax".
I would imagine if you are running any regular business on the internet (EBay or not) selling lots of items at a big profits afterwards as in most countries you will probable have to contend your total yearly income (profits are tax only) from all sources including your E Bay business. You are single taxed on a percentage of your actual profits made above an allowed minimum. If adjectives of your customers are in the UK you might also own to pay VAT (Only if your once a year business earnings exceed an allowed minimum previously you become VAT taxable.) That might also depend on what you are actually selling to commence with. Some things are not VAT taxable. You don't collect VAT from foreign customers because they don't live within the UK. If you are just selling the occasional piece of second-hand goods you find lying around the house once every few months then that isn't a lawful business especially if the item sells for smaller number than you paid for it to commence with (A Loss). In that valise the tax man should pinch a hike. That's a moment ago turning junk into petty dosh. (Beer money etc)
If you do decide to reward tax create sure you are only tax on the actual profit made from the items you sold. If you sell something for 10 pounds but you compensated 7 pounds for it, you only made 3 pounds profit at best - Not 10 pounds. If you also consider the time and physical exertion you spend posting items online and packaging it for shipping it consequently you are actually making even smaller amount. Consider that other people including rule workers (including tax men) are remunerated good salary and hourly wages to do that type of thing for their employer.
If you are a considered a legitimate business you have need of to factor all your other operating expenses against that too. Heating, what you discharge for internet service, telephone, property taxes, rentals etc. Keep track of adjectives of your expenses receipts etc. Get pamphlets on starting up a small business within the UK. Ask other people you know that already run their own businesses. Shop keeper etc.