Jump to content


  • Tweets

  • Posts

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
        • Like
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
        • Like
      • 162 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like

A word of warning:


Spiceskull
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 1964 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

My flatmate is an accountant, and the gist of our conversation is basically:

 

If you are self-employed, and you have been using a personal bank account to run your business, you need to consider the following:

 

Have you, at any time, offset bank charges against your business income as an expense? If so, then it would be prudent to raise this with your accountant the next time you complete a self assessment.

 

She doesn't believe that the IR will backdate any claim on your 'winnings,' but they will certainly offset any refund against charges you claim for the next time around.

 

It is also likely that as your bank will be pi**ed off, they will make a point of mentioning the refund in the event the IR request any information.

 

I'm no expert on this subject, and suggest that anyone in this situation discusses this with their accountant.

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

Link to post
Share on other sites

Technically the correct way to do this is to treat the refunded charges as a reduction in expenses in the tax year in which you receive them, effectively increasing your tax bill. The maximum reduction would be the total amount you claimed over previous tax years. Any amount over and above this would relate to personal charges and can be ignored.

 

If you don't do this and you subsequently get turned over, sorry, investigated by the Revenue, they will not be happy. I'd be more concerned about this than the bank doing something nasty.

Link to post
Share on other sites

...she also said that too...see, I said I was no expert. But I believe that a 'tax position FAQ' may be prudent once the new FAQ software is in place this weekend.

 

One of you guys (I think BF) told me that FAQs was out of bounds for non-mods...

 

However, if you require further info regarding the tax/accountancy regulations in respect of this...I think I might be able to persuade my flatmate to contribute...

 

Apparently (according to my flatmate) Martin Lewis's uncle is an accountant or similar, and he gives free advice on this sort of topic on MSE.

 

My suggestion is that he would most likely give the most informed advice for an FAQ...and I would ask him first...my flatmate is only part-qualified...HTH 😎

 

An update:

 

It has been mentioned in other threads that the banks are actually giving more than the claim in some cases. If this is the case with you, and the self-employed issue relates to you, further info from my flatmate is this:

 

If your full claim was for charges offset against earnings, then this is the full amount the IR will offset against future earnings. Any surplus provided by the bank will be deemed yours, as you have not claimed tax relief against this surplus.

 

As always, you should seek the advice of a qualified accountant when considering these points, as tax law enters the equation to further complicate matters.

 

Adam.

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

Link to post
Share on other sites

Hello, my first post. I am the flat-mate.

 

I believe you may require a couple of paragraphs for your FAQ's. I'm part-qualified as ACCA and have more years experience in accounting than I care to consider, but here goes.

 

Everything has generally all been mentioned but to summarise:

 

"If you have claimed as deductible expenses against self-employed income any bank charges which are subsequently refunded, those refunds must be declared on the tax return pertaining to the period in which the refund was made.

 

This can be done by reducing the bank charges paid in the same period of the refund. If this results in a negative figure it can be entered as a negative cost or as other trading income received.

 

This will have the unfortunate effect of increasing your taxable profits (or decreasing your trading losses); and although you may not wish to do this, you are in fact required to do so by law.

 

If HM Revenue and Customs were to discover an omission of such a declaration, they will re-assess your tax liability and may impose fines, penalties and / or interest.

 

Note that any receipts from the bank in excess of that which you had claimed as a tax deductible expense will be treated separately as a personal receipt. How this excess is treated will depend on your personal tax situation.

 

It would be my recommendation that you seek the professional advice of a qualified accountant if you are in receipt of such refunds and are in any way unsure of how to treat them on your tax return."

 

Good luck to you all.

[

Link to post
Share on other sites

They are in already. (I'm very matinal)

Link to post
Share on other sites

matinal

 

Matinal? Would that be the opposite of nocturnal? Never heard of matinal before...

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

Link to post
Share on other sites

hmmm - as i suspected. still, it is good to learn a new word every day.

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

Link to post
Share on other sites

  • 12 years later...

This topic was closed on 03/07/19.

If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there.

If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened.

- Consumer Action Group

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

Link to post
Share on other sites

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 1964 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...