No. The point is that the courts appear to ask for this information
*before even having decided on someone's guilt*, so it should suffice to ask someone who has been *accused* of an offence which might result in them being fined. Such as the OP. Are you there? Well?
That's one person with three sources of income. I have several sources of income but I'm still one person.
I am still one person no matter how incompetent HMRC.
It has to be more than an hobby to get tax relief for losses.
They can't deal with the three employments properly and the fact that I am known by three different names (name was changed once 15 years ago). I have my original tax record (correct NI etc.) and two further returns to complete. This has been going on for years. Nobody seems to be able to delete the second and third record. Anyway the tax I pay seems to be accurate (and high).
The point is that the second and third return aren't keyed on NI number. I suspect that others in the UK without NI numbers have something similar on their returns.
That's about it. I don't think it is deliberate incompetence - I just don't think the staff are empowered to delete/merge the second and third reference - particularly as they are for variations of my real name.
I think that's an admission of something.
You will find that it is possible to get these things sorted out. Unfortunately, you will have to make a lot of effort because HMRC are not geared up to solve problems.
It may not be "deliberate incompetence" (I don't believe there is any such thing) but it is incompetence - even if it's by the management who are so far away from where the work is done that they don't think about it when making pronouncements from on high.
Until very recently, if you declared your earnings from something like drugs dealing in your tax return, they could not pass that on to the law enforcement departments responsible for stopping such things.
In my case, the sent me a "Statement of means" form. Yes, it asks me to state my "Total savings".
In my case, I don't have any; I'm up to my eyeballs in debt.
It also asks for Net pay, Income support, Tax credit, Other credits, Other benefits.
Then it asks me to list all my outgoings. It'll take me a good full day to fill this in accurately, I think.
Luke S
Do you get three personal allowances?
How much more, and where do you draw the line when a hobby slowly evolves into a business?
There *is* such a thing as deliberate incompetence. Inability to correct a mistake that has been pointed out is just incompetence, but where there is outright refusal, it's clearly deliberate.
Incompetence is unable to function properly.
Outright refusal is negligence.
It's a matter of judgement and common sense. It is not laid down in absolute terms.
I think that there is a limit of 3 years losses which can be carried forward to set against profits.
There's no time limit.
There's an unofficial, three year limit during which the revenue may allow losses from a 'hobby' business to be offset against other income, whilst the business proves itself.
As Peter said, there is no limit on how long you can 'bank' the losses to offset against future profits from the same business.
tim
Nope.
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