Originally Posted by dpb
(Post 11619375)
It's somewhere op norf, I noticed he's pretty cagey about it
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Originally Posted by Carnut
(Post 11618907)
I believe that you would have to pay tax.
The way the system sees things is to make it as complicated as possible, they would want you to pay him the 2k and get a receipt etc and then for him to pay you 2k and get a receipt. You could claim that the room you were having flooring done in was used for work purposes and get out of it that way.:D ps I'm assuming everyone is self employed here. wait scratch that. you could each just do it for free, l think......oh who cares, god damn you. |
Of course this is why the place is going to the dogs
Much easier to slope off to the other side of the world ,blaming all teh politicians for everything ;) |
Originally Posted by dpb
(Post 11619447)
Of course this is why the place is going to the dogs
Much easier to slope off to the other side of the world ,blaming all teh politicians for everything ;) |
Originally Posted by dpb
(Post 11619338)
Same. :)
..Just a minute , you drive a porch :Suspiciou What I meant was - I don't pay 'fcuk all' tax. I *do* pay tax. |
in a way it is obvious that "barter" could be seen as income/benefit
consider the artist, who can create value simply by simply drawing a house on napkin and signing it - I think Picasso paid a few restaurant bills by simply signing the bill the artist would rarely need cash , he could simply "barter" his work, for small, or if famous enough, very large amounts that situation would simply be unacceptable to the Tax Man |
Originally Posted by zip106
(Post 11619496)
I don't!
What I meant was - I don't pay 'fcuk all' tax. I *do* pay tax. Not what you are supposed to.https://www.scoobynet.com/images/smilies/lol1.gif Some people may tell themselves they do but they don't. |
It *shouldn't* be taxable though if there's no monetary value.
How can you put a tax rate on time? If I want to give my time for free in exchange for someone else's free time then it shouldn't matter one jot. I guess, as someone else said above, just charge a nominal £1.00 |
Originally Posted by Carnut
(Post 11619587)
Not what you are supposed to.https://www.scoobynet.com/images/smilies/lol1.gif
Some people may tell themselves they do but they don't. I know I do because the Inland Revenue and my accountant tell me I do. It's here in black and white. Being self employed isn't a way of evading tax. |
You have to be a registered charity to give free time as a business. You can give quotes etc but that's to gain business.
Could be wrong |
Originally Posted by zip106
(Post 11619594)
Eh?
I know I do because the Inland Revenue and my accountant tell me I do. It's here in black and white. Being self employed isn't a way of evading tax. Yeah, okhttps://www.scoobynet.com/images/smilies/thumb.gif |
Sorry, but I think you're now trolling.
I've been self employed since 1995 and I've paid tax twice a year, every year, since. |
Originally Posted by Carnut
(Post 11619597)
You have to be a registered charity to give free time as a business. You can give quotes etc but that's to gain business.
Could be wrong |
I'm self employed and play plenty of tax, but then I'm an idiot according to most on here ;)
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Originally Posted by f1_fan
(Post 11619625)
I'm self employed and play plenty of tax, but then I'm an idiot according to most on here ;)
The misconception that the self employed can avoid paying tax and get away with it, is frankly idiotic. Normally spouted by employee slaves. Poor things. :) |
Originally Posted by zip106
(Post 11619631)
Exactly.
The misconception that the self employed can avoid paying tax and get away with it, is frankly idiotic. Normally spouted by employee slaves. Poor things. :) I don't know about being poor things though, there's days when I envy them. :lol1: |
Never!
I've just done two days decorating some offices at a recruitment agency - by Christ, I couldn't work in an office as an employee! (And on a side note - watching the 20-something brylcreem boys strutting around like a plumped up Peacock. Utter wankers!) |
Originally Posted by zip106
(Post 11619650)
Never!
I've just done two days decorating some offices at a recruitment agency - by Christ, I couldn't work in an office as an employee! (And on a side note - watching the 20-something brylcreem boys strutting around like a plumped up Peacock. Utter wankers!) I would say that if no actual goods changed hands then there's nothing to tax as it's just an exchange of time between friends, after all I'm sure if you and I were pals outside of the internet we'd do each other favours, as that's what me and mine do. I have just come back from my mates forest where I spent the day cutting down trees, he fed and watered me and will at some point be coming here to help me put 10 x 3.5m beams up in the extension I'm building. And I'm sure you've probably designed a website for a mate for nothing or done other computer related stuff for free, I have a mate that's going to be doing my website for free and he can have a week out here for free, his name is Chris and he's a regular poster on here. :D |
Originally Posted by zip106
(Post 11619650)
Never!
I've just done two days decorating some offices at a recruitment agency - by Christ, I couldn't work in an office as an employee! (And on a side note - watching the 20-something brylcreem boys strutting around like a plumped up Peacock. Utter wankers!) |
Originally Posted by ditchmyster
(Post 11619662)
:lol1: Couldn't agree more, office knob jockeys were another part of the reason I quit work, and I was self employed too. :lol1:
I would say that if no actual goods changed hands then there's nothing to tax as it's just an exchange of time between friends, after all I'm sure if you and I were pals outside of the internet we'd do each other favours, as that's what me and mine do. I have just come back from my mates forest where I spent the day cutting down trees, he fed and watered me and will at some point be coming here to help me put 10 x 3.5m beams up in the extension I'm building. And I'm sure you've probably designed a website for a mate for nothing or done other computer related stuff for free, I have a mate that's going to be doing my website for free and he can have a week out here for free, his name is Chris and he's a regular poster on here. :D |
Originally Posted by f1_fan
(Post 11619666)
Who is he? Sounds like a right cnut :lol1: :lol1:
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I was self employed for a long time and paid lots of tax but anyone who says they follow the letter of the law when they pay their tax is talking sh1t.
My brother in law is a accountant and has his own firm and he would laugh if any face who says otherwise. For example, my wife worked on the farm, she did a few hours but not enough to justify the 10k tax exempt that we got for her being part of said business. Or getting money back for elec and gas bills because I used to do paper work in the house. We got a new washing machine and used it for my work gear, so guess what, bye bye tax. All legal but taking the p1ss. |
quote zip
It *shouldn't* be taxable though if there's no monetary value. How can you put a tax rate on time? If I want to give my time for free in exchange for someone else's free time then it shouldn't matter one jot. I guess, as someone else said above, just charge a nominal £1.00 This sounds like a man who pays all his tax and cuts no corners.https://www.scoobynet.com/images/smilies/lol1.gif |
Originally Posted by zip106
(Post 11619631)
Exactly.
The misconception that the self employed can avoid paying tax and get away with it, is frankly idiotic. Normally spouted by employee slaves. Poor things. :) Depends what you do and what's important to you. I'm self-employed. It's great for me but there are drawbacks. Bookings cancel with little or no comeback. Your tax-free limit is actually lower than those in employment. You have to do your own book keeping. Also have to have certificates for Hygeine training, personal liability cover.....basically you are your own HR Manager. Don't get me wrong it's not a woe is me thing, but it is other stuff that you have to think about when you are not at the stoves. I decided on self-employment to gain control of choosing where and when I worked and to get paid fairly for my time, which simply doesn't happen in my industry when salaries are handed out. You give up a lot for "security" and I'd rather the paperwork and risk for a freer working life. It would need to be an utterly fantastic offer for me to go back to being on someone's books again......I just can't ever see that happening. Granted there are some that take their expenses to the limit but I'd rather not be bogged down by paperwork/receipts! I claim mileage, equipment, phone and internet. I know people who claim haircuts, gas bills, portion of rent, paper, ink cartridges, laundry, basically everything you need day to day except food! Good luck to them. It's not illegal. Personally I'd rather play a little more morally fair than risk a HMRC investigation. |
Originally Posted by Carnut
(Post 11619697)
quote zip
It *shouldn't* be taxable though if there's no monetary value. How can you put a tax rate on time? If I want to give my time for free in exchange for someone else's free time then it shouldn't matter one jot. I guess, as someone else said above, just charge a nominal £1.00 This sounds like a man who pays all his tax and cuts no corners.https://www.scoobynet.com/images/smilies/lol1.gif I pay, and always have paid, any tax that is due. I actually take it personally that you accuse me of fiddling my tax. And sort those bleeding smilies out - it's really simple, they're over there ----> |
Davey, I absolutely agree with what you say.
I prefer the sometimes little difficulties that go with self employment, but tomorrow I'm having the day off because I want to. I'm not getting paid obviously, but that's one of the luxuries of not being a wage slave. I always remember my late FIL, when I started up by myself, saying to me something along the lines of 'just make sure you pay what is due to the taxman as and when he wants it - you'll sleep soundly at night'. Damn right. |
Originally Posted by zip106
(Post 11619706)
Stop being a tw4t.
I pay, and always have paid, any tax that is due. I actually take it personally that you accuse me of fiddling my tax. And sort those bleeding smilies out - it's really simple, they're over there ----> You may not break the law but that is also the case for Amazon etc. Just compare what tax you pay with a friend who earns a similar amount as you, make sure hes not eating at the time, you may kill him. Plus not you saying this but I used to get sick pay (ins monthly) and NI is next to nothing compared to paye. Just for people that are PAYE, if you earn about 30k someone self employed will only pay about 2k on that, maybe a bit more if unlucky. |
Originally Posted by Carnut
(Post 11619714)
You may not break the law but that is also the case for Amazon etc.
Just compare what tax you pay with a friend who earns a similar amount as you, make sure hes not eating at the time, you may kill him. Plus not you saying this but I used to get sick pay (ins monthly) and NI is next to nothing compared to paye. As for NI - I pay Class 2 monthly and also Class 4 yearly on profits. |
Originally Posted by Carnut
(Post 11619714)
You may not break the law but that is also the case for Amazon etc.
Just compare what tax you pay with a friend who earns a similar amount as you, make sure hes not eating at the time, you may kill him. Plus not you saying this but I used to get sick pay (ins monthly) and NI is next to nothing compared to paye. Just for people that are PAYE, if you earn about 30k someone self employed will only pay about 2k on that, maybe a bit more if unlucky. |
Originally Posted by zip106
(Post 11619717)
Has someone turned your meds up to 11 today? :wonder:
As for NI - I pay Class 2 monthly and also Class 4 yearly on profits. People that are self employed preaching about how hard it is gets on my tits. Im not saying this is what you or anyone else is doing but when I went self employed it was one of the best things to ever happen to me. You pay a much smaller percentage of what you earn than PAYE and are your own boss. Its great, get a few ins to play it safe and you are laughing. |
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