Paying tax - ann summers rep - please help

lucy_lou_2

Hi
I used to be an ann summers rep
I left officially in oct, however had not been doing parties since may
i have been really stupid and not kept any proper records and am now findin it really hard wiv my return, wot i want to know is will the tax people contact ann summers to find out how much i sold through my account? because so much stuff i bought and passed the discount on to people etc so am scared i will pay wy to much tax if i put through everything i ordered as i didnt make a profit on much of it, if u understand?
would really appreshiate some advice
many thanks

BoGoF

Most commision payers do pass information of amounts paid to the tax people, they are obliged to.

In your particular situation we seem to be talking very small amounts here so it in unlikely that HMRC will be that interested in your case. You are going to have to try and reconstruct some form of records - was any profit basically the difference between the price the customer ordered the stuff at and the discounted price you paid ?

If you are saying that you basically sold them on at the price they cost you and made very little profit then your expenses should more or less equal your turnover - you won't have to pay tax on the value of the orders you placed, just whatever profit you made - even if you made less than you should have.

lucy_lou_2

Thanks very much for ur reply
Yes, i am deffinately going to try and recreate the data, I have invoices from ann summers but not the customer reciepts (well not many of them) or any other reciepts such as travel expences, and other types of expences
Do i need a reciept for petrol would u happen to know??
many thnx again

BoGoF

Well, you should have receipts to support your claim but you are very unlikely to be asked to supply them and only if an enquiry is opened into your return, again most unlikely.

If you don't have petrol receipts, do you have a rough idea (or able to recreate) the mileage you did in your car, if so you can claim travelling expenses of 40p per mile for the first 10,000 miles and 25p above that. If you use this method you cannot claim anything else in relation to using your car.

lucy_lou_2

Thanks again for reply
yeah i do have a record of all the addresses of the parties I have done, so will be able to get milage off of AA route planner
Luckily alot of parties I have done have taken alot of mileage there and back, and then again to do the delivery, so that should help abit with bringing the tax amount down
Thing that confused me is how can you prove where the parties address was? I suppose we do fill in the address when making the order so perhaps they get it from there?? it all seems very confusing and abit like they have to take your word for it, which seems really strange!

a11waysindebt

You seem to be confusing yourself with the tax amount.Were you selfemployed,did you bank the money received.

fengirl_2

As the name suggests, self assessment is just that - you assess the amount of tax you need to pay and HMRC has the option to enquire into your return within certain time limits if it so chooses.
To add to previous advice, I would not make any indication on your return that you are not sure of any of your figures as this is an invitation to be investigated. Just put your figures together to the best of your ability and enter them on your return. In the unliekly event that you are investigated you will then need to show how you have calculated them.