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income tax an NI
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Author:  stu young [ Thu Sep 30, 2010 5:36 pm ]
Post subject:  income tax an NI

hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI

Author:  Brummie Cabbie [ Thu Sep 30, 2010 6:40 pm ]
Post subject:  Re: income tax an NI

stu young wrote:
hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI

If you put about 20% away, that should be enough for when the tax bill comes & should leave you a bob or two for a very good weekend away!!

Author:  wannabeeahack [ Thu Sep 30, 2010 7:22 pm ]
Post subject:  Re: income tax an NI

stu young wrote:
hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI


after costs and tax allowances, including 40% capital write-down allowances (year 1, then 20% yr2-4), you may not need any to hold any back...... :lol:

Author:  stu young [ Thu Sep 30, 2010 7:31 pm ]
Post subject: 

renting a car to being with, till i can affford to get my own

Author:  Stinky Pete [ Thu Sep 30, 2010 7:32 pm ]
Post subject:  Re: income tax an NI

wannabeeahack wrote:
stu young wrote:
hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI


after costs and tax allowances, including 40% capital write-down allowances (year 1, then 20% yr2-4), you may not need any to hold any back...... :lol:


things have changed this year, to do with how your emissions are rated


http://www.rossmartin.co.uk/index.php/c ... allowances

Author:  Sussex [ Fri Oct 01, 2010 8:32 am ]
Post subject:  Re: income tax an NI

stu young wrote:
hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI

Like most, not enough.

Author:  wannabeeahack [ Fri Oct 01, 2010 10:22 am ]
Post subject: 

stu young wrote:
renting a car to being with, till i can affford to get my own


ask for a reciept for any rentals/settle you hand over, if it includes VAT make sure thats shown together with the vat reg number

Author:  wannabeeahack [ Fri Oct 01, 2010 10:24 am ]
Post subject:  Re: income tax an NI

Stinky Pete wrote:
wannabeeahack wrote:
stu young wrote:
hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI


after costs and tax allowances, including 40% capital write-down allowances (year 1, then 20% yr2-4), you may not need any to hold any back...... :lol:


things have changed this year, to do with how your emissions are rated


http://www.rossmartin.co.uk/index.php/c ... allowances


ill have to rent the car off the wife then, 100% tax allowable at source, she can register as a zero profit business owning 1 car ---- mine

that way i can claim £6500 car rental each and every year, she makes nothing thanks to her personal tax allowance, if she goes ltd she could easily be off work sick for 6 months (stress) and get £70/wk SSP refunded off HMRC.....

pmsl......every holes a goal

or as my accountant said once "why do you employ me?" :lol: :lol:

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