Documents related to 'Flow chart - claiming overpayment relief'
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Flow chart - VAT bad debt reliefIf you make supplies of goods or services to a customer but are not paid in full or in part, you may be able to claim a reduction in your VAT bill under the bad debt relief rules.Flow chartThe Flow Chart - VAT Bad Debt... Read more
15 Dec 2020
Overpayment relief claim checksheet Where you make a mistake in your individual, company or partnership, tax return and the time limit for correcting this under the self-assessment rules has passed, you can submit an "overpayment claim" to recover an... Read more
19 Jan 2018
Flow chart - requirement to complete a self-assessment returnThe rules which determine when an individual is required to complete a self-assessment return are widely misunderstood. HMRC complicates matter further with an odd set of practices which do... Read more
15 Dec 2020
Overpayment relief claim If you discover a mistake in your tax return which resulted in your tax bill being too high, and it's too late to correct your self-assessment tax return, you can make an overpayment relief claim. The claim must include the ... Read more
19 Jan 2018
Self-assessment checklistThe tax return filing deadline is 31 January following the end of each tax year. Use our checklist to reduce the chances of making any errors.Tax returnsSelf-assessment is the current method of reporting your income and capit... Read more
12 Apr 2024
Flow chart - reclaiming preregistration VATA business is entitled to reclaim VAT it incurred on purchases of goods or services made before it was registered. As well as the general time limit of four years for goods, a shorter one of six months appli... Read more
15 Dec 2020
Reducing self-assessment payments on account letterIf you're in the self-assessment system you might be required to make payments on account of each year's tax liability. However, where you expect your tax liability to be lower than the payments on a... Read more
08 May 2017
Claim for special reliefIf you fail to submit a tax return HMRC may estimate the tax payable and notify you of this on determination notice. The tax determined cannot be appealed against and is legally enforceable. The only way to overturn the deter... Read more
04 Jan 2017
Deduction for deemed employment paymentsA company can claim a deduction from its taxable profits in respect of the notional cost of a deemed payment of salary made for the purposes of IR35. The deduction is allowable for the accounting period in whic... Read more
24 Mar 2017
Flow chart - income tax trading loss reliefWhere a business makes a loss from its trading activities, the business owners may be entitled to claim tax relief. This is given by allowing the individual to reduce the amount of income on which they are o... Read more
20 Oct 2021
