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Beating Now Second Income According To Tax Man.


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Just had tax code sent through for April 2014 to April 2015 and because we have now been putting our nat insurance no for payment of £20 for beating the tax man listed the estate as a second income and has taken £2500 of of my tax free allowance, has anyone else had this happen to them yet.

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Do not see this as a problem, it is an opportunity!

 

If they tax the income then the expenses are claimed against tax; so boots, waterproofs, travel; etc. Do you work dogs beating? Then dog food, vets bills etc etc

 

You should be able to claim as much back as you earn with the typical low paid 'second income' from beating

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  • 2 weeks later...
  On 23/01/2014 at 15:46, mattlimb said:

Do not see this as a problem, it is an opportunity!

 

If they tax the income then the expenses are claimed against tax; so boots, waterproofs, travel; etc. Do you work dogs beating? Then dog food, vets bills etc etc

 

You should be able to claim as much back as you earn with the typical low paid 'second income' from beating

Its not as simple as that if you are PYE only if you are ltd company or similar

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