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Nice People Thread No. 14, all Nice and Proper
Comments
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I say: any food of your choosing, the way you like it, is best.0
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Normally I do it as soon as we get all the interest received letters as we have a few hundred quid refund. This year when we owe more than 20k it just seems less pressing....:o
I've just given the accountant the spreadsheets, she's worked out what is owed (little over £46k in corporation tax and about £27k personally), and I've sent the payments to cover it.
We've made full use of AIA and SEIS allowances this year, and haven't bought anything that hasn't been VAT qualifying, so it's enabled some expansion in various places, which the tax man has been kind enough to pay for.
I'm sure they'll get repayed a lot more than the saving this year in the end, but I'll have got a lot of benefit from it too, if this is the case.
I think the current SEIS scheme is brilliant, as it doesn't only benefit higher rate taxpayers, and to the greatest of extents actually offers 20% taxpayers a much better reward then us 40% lot.💙💛 💔0 -
CKhalvashi wrote: »I think the current SEIS scheme is brilliant, as it doesn't only benefit higher rate taxpayers, and to the greatest of extents actually offers 20% taxpayers a much better reward then us 40% lot.
I'm afraid that I'm just too 'hands on', I just can't take that leap of faith either in sole start up companies or companies offering funds specialising in either SEIS's or EIS's. Which is a shame because I do have some large CGT bills coming up soon, which would have been handy for SEIS investments.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Can't you still estimate worst case and then get the money back if other case is true?CKhalvashi wrote: »I've just given the accountant the spreadsheets, she's worked out what is owed (little over £46k in corporation tax and about £27k personally), and I've sent the payments to cover it.
We've made full use of AIA and SEIS allowances this year, and haven't bought anything that hasn't been VAT qualifying, so it's enabled some expansion in various places, which the tax man has been kind enough to pay for.
I'm sure they'll get repayed a lot more than the saving this year in the end, but I'll have got a lot of benefit from it too, if this is the case.
I think the current SEIS scheme is brilliant, as it doesn't only benefit higher rate taxpayers, and to the greatest of extents actually offers 20% taxpayers a much better reward then us 40% lot.
Whoosh! Don't know anything about SEIS or AIA.
My company corporation tax is done at a different time of year and would be paid from the company, rather than me.michaels wrote:Can't you still estimate worst case and then get the money back if other case is true?
Apparently not. Once you suggest that the CGT is based on a zero starting point, the revenue won't relent. So it has to wait until his company get the green light.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
My company corporation tax is done at a different time of year and would be paid from the company, rather than me.
Our accounting year end is July and October, my personal accounting year end is April, so I try to get everything together for the end of December/beginning of January
I prefer to do all at the same time, as it makes everything easier.💙💛 💔0 -
PasturesNew wrote: »Can I just say .... it's still bl00dy Xmas.... stop with all the tax talk. Who started this???
We should be chatting about chocolate and crisps and elves....
and definitely no chatting at all about marking that pile of students' coursework on the dining room sideboard...doh!Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
PasturesNew wrote: »Can I just say .... it's still bl00dy Xmas.... stop with all the tax talk. Who started this???
We should be chatting about chocolate and crisps and elves....
Hope all the NP are having/ have had a lovely Christmas!
No chocolate or crisps here, but plenty of everything else:beer: Been looking at expensive TVs today (not for me, my sibling has much more cash to splash). Its fun talking someone else info spending money though. Especially when they seem to have made paying off mortgages into a competition
We also had two bunny rabbits staying with us for Christmas. They are lovely
Edit: No elves here but I was wearing reindeer antlers with jingle bells all yesterday if that counts0 -
PasturesNew wrote: »Can I just say .... it's still bl00dy Xmas.... stop with all the tax talk. Who started this???
Not me., I sent my completed Tax return back in May!
I do (however) fancy an Elve, although I'm not sure I could eat a whole one.
Seasons Greeting to all NP's0 -
chucknorris wrote: »and definitely no chatting at all about marking that pile of students' coursework on the dining room sideboard...doh!
There is a big pile of papers on my living room floor. They're been there or thereabouts as long as I've been in my house (over 2 years now).
No more. I've decided that 2016 is the year I crawl out from under my rock again. I've had a tough 2nd half of the year at work, though next year is promising a change for the better. Also found out that my ex is engaged, with wedding poss next year. I feel only sadness for his fiancee who I'm guessing had little idea of what lurks beneath the shallow surface, but if it's who I think it is she's known him longer than I have so more fool her. That particular leopard won't have changed its spots.
Anyhow, for a number of reasons I need to make more of 2016 than I have done the last few years 0 -
Hope all the NP are having/ have had a lovely Christmas!
No chocolate or crisps here, but plenty of everything else:beer: Been looking at expensive TVs today (not for me, my sibling has much more cash to splash). Its fun talking someone else info spending money though. Especially when they seem to have made paying off mortgages into a competition
We also had two bunny rabbits staying with us for Christmas. They are lovely
Edit: No elves here but I was wearing reindeer antlers with jingle bells all yesterday if that counts
Rabbit stew...non, nom I think....0
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