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Need to pay tax for short contract of work?
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That taxationweb poster had an encounter with an umbrella company back in 2019:One might think they'd remember that.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.1 -
Well, the same number of days, the same amount of money, the same period of time and the same spelling of "payed".Dazed_and_C0nfused said:May not be the op but someone is asking remarkably similar questions here 🙄
https://www.taxationweb.co.uk/forum/viewtopic.php?f=9&t=61275&sid=f2ac5a63fc2d428827aaaf001b76a136
All the more proof that the OP cannot afford not to engage the professional services of an Accountant.
They are certain to get into a mess without, plus this will get the whole matter over and done with.0 -
The company who paid you will show the payment in their returns.faringdon said:Thanks, i am not sure about setting up a ltd company yet...i think i will work as a sole trader and see how the tax return goes before i step up to the ltd company thing.
I think an accountant is for a fully fledged business with multiple staff, not for a single joe_bloggs like myself....i doubt i can afford an accountant. Anyway, i search on the internet and i dont know who is a bona fide accountant and who is a scammer.
I still dont know how one can proove that one earned x pounds in a contract?.....i mean, people could lie.......how do i proove that i really did earn £2538?.....i mean , i have a bank statement in my personal bank account (its not a "business account")....but is that enough?...maybe its not adequate and the HMRC will raise a fine?
This is another example of your lack of understanding and the need to use a tax adviser to avoid incurring excessive tax demands, or fines or penalties for incorrect tax returns.1 -
As inferred from other comments, NEVER leave doing your taxes until January. I typically do mine in July.
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