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    • Not much to say as Manxman has near enough covered all the angles.   Just a couple of points of clarification:   The requirement to serve the first NIP within 14 days is actually contained in the Road Traffic Offenders' Act, not the Road Traffic Act. In fact the first NIP is the only one required by law. Subsequent NIPs are usually provided along with the S172 Request for Driver's Details notice because they are both produced by the same system and are usually printed on the same piece of paper.   If you do decide to challenge the speeding allegation on the basis that the first NIP was served beyond 14 days the burden to prove that it was rests with you, not the recipient of that NIP. They have no basis (or need) to challenge it as the person prosecuted for speeding will be you, not them. As mentioned, once the police produce evidence to show that it was sent in time to be served within 14 days you will have to show to the court's satisfaction that it was not served.    You need to be very sure of your ground before embarking on this course of action. You need to find out who the RK is and when they received their NIP. There have been one or two notable successes with this strategy. Here's one:   https://www.bbc.co.uk/news/uk-england-london-45668735   The RK of the car Mr Beckham was driving - Bentley Motors - had a good system of recording when post was received and the court was satisfied the NIP was received late.   You don't say what the speed alleged and the limit is but if it was within the course or Fixed Penalty limits it will cost you around £100. If you are convicted following a trial it will cost you an income related fine, a "victim surcharge" of 10% of the fine (minimum £34) and prosecution costs which have a starting point of £620.    
    • Hi all,   I was taken through consultation back in 2019 as my company restructured out dept.  Basically we went from 4 team leaders down to 3 so had to re-apply for our jobs. One thing that did not change was our contracts, they stayed the same but we did have a verbal agreement with our manager that a monthly contractual payment of £250 for working weekends would stop immediately.  At the time I was not fussed but I am now again going to be going through consultation and possibly TUPE transfer.  My questions is: Would I be eligible for this payment to be reinstated if I was TUPE transferred and could I request this to be back dated as it was a contractual payment that I did not officially agree to loosing?    Thank you in advance!  
    • Just looking at the date of the offence 12 December.  Possible was delayed in the post at that time as it was taking me up to 2 weeks to get a first class letter, then the New Year Shut down so to get it early January while the Xmas backlog was cleared seems about right to be honest.  Not that I am telling the police that. 
    • Please take note: I got 2 tickets for 32  miles in a 30 zone on different days.  The police said its their policy to ticket anything over 30!!   I had to pay £100 for one and do the course as well.  Even as a disabled driver there was no give on the tickets. Please stop saying that it has to be 35+ it really does not. West Midlands police in Nuneaton so definitely dont go 1 mile over in that area.  
    • New figures from the Insolvency Service show that early termination rates of IVAs have dropped 11% in the past year, while total IVAs have risen by almost 20,000 in the past two years. View the full article
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    • I sent in the bailiffs to the BBC. They collected £350. It made me smile.
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    • Hi @BankFodder
      Sorry for only updating you now, but after your guidance with submitting the claim it was pretty straight forward and I didn't want to unnecessarily waste your time. Especially with this guide you wrote here, so many thanks for that
      So I issued the claim on day 15 and they requested more time to respond.
      They took until the last day to respond and denied the claim, unsurprisingly saying my contract was with Packlink and not with them.
       
      I opted for mediation, and it played out very similarly to other people's experiences.
       
      In the first call I outlined my case, and I referred to the Contracts (Rights of Third Parties) Act 1999 as the reason to why I do in fact have a contract with them. 
       
      In the second call the mediator came back with an offer of the full amount of the phone and postage £146.93, but not the court costs. I said I was not willing to accept this and the mediator came across as a bit irritated that I would not accept this and said I should be flexible. I insisted that the law was on my side and I was willing to take them to court. The mediator went back to Hermes with what I said.
       
      In the third call the mediator said that they would offer the full amount. However, he said that Hermes still thought that I should have taken the case against Packlink instead, and that they would try to recover the court costs themselves from Packlink.
       
      To be fair to them, if Packlink wasn't based in Spain I would've made the claim against them instead. But since they are overseas and the law lets me take action against Hermes directly, it's the best way of trying to recover the money.
       
      So this is a great win. Thank you so much for your help and all of the resources available on this site. It has helped me so much especially as someone who does not know anything about making money claims.
       
      Many thanks, stay safe and have a good Christmas!
       
       
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    • Hermes and mediation hints. https://www.consumeractiongroup.co.uk/topic/428981-hermes-and-mediation-hints/&do=findComment&comment=5080003
      • 1 reply
    • Natwest Bank Transfer Fraud Call HMRC Please help. https://www.consumeractiongroup.co.uk/topic/428951-natwest-bank-transfer-fraud-call-hmrc-please-help/&do=findComment&comment=5079786
      • 33 replies

Putting earnings back into business


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Hi I've been working hard for the past year trying to set myself up in business as a sole trader, and finally I think I might have got my foot in the door with a very important client that could secure me maybe even a minimum liveable income for potentially life.

 

I have some questions.

 

From the perspective of the benefits I currently am in receipt of, ie. working tax credits and housing benefit, can I take some of the money from what I'm paid and put it back into my company?

 

What do I keep aside for the tax thieves, 20%? Or should I save 30% to cover myself?

 

Is there any where on the internet or elsewhere i can find out a rough idea of how much money I should negotiate?

 

I don't want to over or under, just a little over the going rate and not too much that I turn them away. Do these things tend to work like they do on the telly?

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Trying to get my head around the question, do you mean at point 1 does your gross takings (business income) affect your benefits and will it be different if you reinvest money into the business?

Well, when you do your accounts you will have i&e colums on your accounts and any business expenditure is deducted from the income to give you a net income figure. deductable things will include rent, utilities, travel, cost of materials andmachinery. Now, for tax credits purposes you can deduct all expenditure from the gross income and that is the figure you use as YOUR income. For HB, it is a little different. They do not take into account things like capital purchases and otherwise claimable motoring expenses so a painter and decorator cannot claim for purchase of a vehicle and running expenses of that nor depreciation on capital assets.

Assuming you are working from home and arent claiming for vehicle expenses then your net income will be the figure you will use without too much complication.

For tax purposes you will get a tax allowance as everyone does of £10 000 for this tax year. Another allowable deduction for taxable income purposes is any student loan payments you make so pay off £1000 and you caneffectively have an income of £11 000 before you start to pay tax. The National Insurance thresholds are different and there are 2 classes of NI contributions that you will have to take into consideration, class 2 and class 4.

Estimate your net income and keep aside 30% of anything over £10k for tax and NI

As for how much to charge for your time and effort, you have to decide what it is worth. How long each week will you spend on this contract? will you have to travel to meeting or site visits? What are your establishment costs (things you have to pay regardless of income such as rent/rates etc). How in demand is the skill you are offering? none of thsi can be answered here so you will need to make the calculations yourself. Whatever you do though, dont undersell yourself as that is a common and costly mistake.

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That's why I haven't mentioned money yet. If i oversell myself too much as well they might go somewhere else. I'll have to look into that.

 

So are you effectively saying if my gross income in £13k and I decide to use £4k of that to pay of my student loan, then it would effectively be me sort of only paying £1k and redirecting the other £3k from money which would otherwise be taken by the Inland Revenue, so in theory I can sort of fund my own education 20 years in the past from my own taxes that I pay now?

 

What about Open University, can I channel money into that?

 

What am I like, I'll be investing in off shore bank accounts next. I don't even know how much they'll pay me, I think a liveable wage for 1-2 days work per week could be attainable here, and then I'm free again.

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If you want free dental treatment you apply to the dwp for a certifiacte to give you free prescriptions dentistry etc, not automatic.

Working abroad? you will have a different tax liability and allowance depending upon where you are. you may end up paying tax in both countries if you are residing there. You will still be domiciled in the UK though so cant avoid having to fill out tax return.

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  • 1 month later...

hello, I am a sole trader and have a little hair salon (purchase of goodwill) that I purchased in march. My sister took out a loan on my behalf to make the purchase.

I am currently on some housing benefit and also have put every penny into the business as I had no capital to buy any tools or equipment. The said loan repayments they would not be able to use in calculation of my housing in benefit. They also wrote to me on 18th November and have told me they have revisited my claim from April and now they were not going to allow 'expenses for new electrical, tools and equipment and furniture as regulations state that set up costs for a business are not allowable when caculation (yes this is how they spelt it!) income for housing benefit'. So I would be very careful before you start putting all your spare takings into your business or you may end up in the same trouble as me now with an overpayment! :(

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  • 2 weeks later...
  • 1 month later...

I was preparing myself to pay these at the end of January, however I just looked at the back of the form and apparently I can apply for a small earning exemption if my earnings are below £5885 for the year, for which I am somewhat relieved.

 

Do my earnings include working tax credits?

 

Secondly, I have been working with a client for several months on the basis that I will be getting paid soon on an on-going basis. It looks as though I will start getting paid in about a month, however I don't know how much yet. I would expect it will still be under £5885 for the year including tax credits if they count.

 

My main question is, if I put most of the money back into my business (which I expect to do) can I then discount that money as earnings?

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1.For NI purposes no.

2.How do you mean put the money back into the business? If you actually spend it on business items (plant, computer, rent etc) then the amount spent is deducted from the gross earnings and what is left over is YOUR earnings/profit and that attracts NI and tax..

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Ok so pretty much all my earnings will be working tax credits and maybe a fraction more and so I can apply for this exception then? Flaming well hope so as I've been putting all my eggs in this basket in the hope that it comes to something, and it's taken longer than I though but should be worth it in the end.

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I don't believe you'd need to pay NI on tax credits.

 

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Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. 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.

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Thank you :-) it's been tough but I never thought I'd make it. I'm literally buzzing, even though I don't yet have a contract. I might even get something I wrote published, me who got a C in english at school. This is a great relief to know that I don't really owe them anything. I'll show them bahookies down the job centre haha

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Hope it works out for you. Sounds very exciting. :)

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. 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.

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phone them up and you will get one in the post. They ask you what your income is, expected turnover and profit for this year and take it from there. Never looked for it online so dont know if they have a form.

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