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| *The Commerce Journal>>>United Kingdom Taxes |
Should the government refuse tax /vat deduction on company cars say over 2ltr diesel and 1.6ltr petrol? |
What hypocracy it is to on the one hand to increase motoring costs for private individuals almost to inaffordability, whilst at the same time in effect encouraging businesses to purchase and run mostly totally unecessary gaz guzzling monster cars through tax insentives, allowing them to be entered in the expenditure section of their account? What sense is there in having 4 ltr upwards cars able to do somewhere up to 200mph on British roads with top maximum speed limit of 70 mph? It's called freedom. |
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They should, but do they? Depends on who is paying them. I am sure many "casual" jobs are paid in cash with no tax records. Usually a good deal for both, as long as the IRS doesn'... You will evidently have to pay them or you will not get another account at any bank. ...You should only charge tax if you have a tax license and only if the sale is within the state for which you have the license. ...It doesnt matter whether you are employed or self employed, it's your total annual income which is counted for tax purposes. Your total income from all sources is 拢36,000, so your annual tax b... You can usually claim more expenses being self-employed, but certain criteria have to be met, which decides your status. You cannot chose. I think Fengirl answered a similar question a few weeks ag... If your tax code is 522L then you can earn 拢5225 tax free then tax on the next :- 10% on the first 拢2150 22% on the next 拢31150 40% on anything above 拢38525 10% = 拢215 22% = 拢6853 40% = 拢... If his business turnover (ie income before expenses) is more than 拢64,000 per year then he MUST register for VAT. Most self employed window cleaners would not have that level of income and therefo... There are two types of ways in which a tax code can operate. One is cumulative and the other is known as week 1/month 1. If a tax code reads, for instance 522L then it would be cumulative. If it... |
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