Thanks for watching and commenting folks - remember, if in any doubt contact HMRC or an accountant :)
@promysimz85442 жыл бұрын
Thanks for this. I have another job and started amazon flex last year Sept 2021 and then registered for self employment with the HMRC at the end of October 2021.To date l have made about £1800 income in my part time delivery work. My question is should l file for tax returns by 31st January 2022 or it's next January 2023? I am bit confused with tax years. Kindly help, thanks.
@LeftoverVenison2 жыл бұрын
@@promysimz8544 Hi there, I think it'll be by Jan 23 but you're best off checking with HMRC to be sure.
@Presumin0Ed Жыл бұрын
Great video - really informative :) I just started as an Amazon driver and I'm now reassured I can do my own tax returns :) Thanks so much for posting this :)
@LeftoverVenison Жыл бұрын
That's great! I'm sure you'll be just fine, it really is a doddle once you get started with it :)
@feriak19754 жыл бұрын
Thanks mate, very helpful info
@xXllIIIIllXx2 жыл бұрын
I'm going through back checks now, this vids are really helpful cheers
@LeftoverVenison2 жыл бұрын
Glad they're helping you out! Thanks :)
@reliabill873 жыл бұрын
This is a fantastic video, can you make a step by step instructions on setting up an account and putting in information on the hmrc website, can you make up details rather than using your personal details.
@LeftoverVenison2 жыл бұрын
Yes, soon
@jamesadaobi42263 ай бұрын
Thank you so much quite insightful and very self explanatory
@epicwithin45554 жыл бұрын
HI This video is a lifesaver! I really appreciate you taking time to explain step by step. I had a quick question. Can i claim for both mileage and petrol costs together? As ive also kept my receipts . Or can you only claim on one or the other. TlA
@LeftoverVenison4 жыл бұрын
As far as I know it's just one or the other :) Glad the video was helpful for you!
@alinaprotasiewicz88774 жыл бұрын
Very helpful - many thanks!! :)
@TheKapsu Жыл бұрын
Thank you for the video. But could you do a tutorial step by step to how fill in your return. Cause I tried but I'm all confuse and didn't understand. I have a permanent fix job and am doing amzon flex as well. Thank you.
@shalawameen50074 ай бұрын
Thank you for ur explanation. It was very informative 👍
@richardparker302 жыл бұрын
Very helpful video thank you! I’ve now gone well over the £1,000 threshold but wonder if that can be claimed under the £1,000 trading allowance I’ve read about online? Then any excess earnings I can use the simple 45p per mile claim? Or can I not claim for that if I decide to take the trading allowance? If I can still claim then would it be up to me to determine which payments to allocate towards the £1,000 trading allowance? If so then just makes sense to choose the payments where I would have been taxed the most up until I hit the £1,000. Thanks!
@LeftoverVenison2 жыл бұрын
I'm not really sure to be honest mate, like I say I'm no tax expert or anything like that. As far as I was aware if you earn £1,000 from any self employment you need to complete a self-assessment tax return :) Might be best to check with a professional or contact HMRC directly - they'll help you out.
@rentyourshisha321 Жыл бұрын
Hi , what if you earn less than £1000?
@klaud7643 жыл бұрын
Loved the video as I just started to do flex on the side. What if you have a full time job where you earn over the tax free allowance, do you still not need to declare if you earn less than £1000? I have a full time job and I’m doing flex as a side job on the weekend or odd evening.
@LeftoverVenison3 жыл бұрын
Hey Klaud, yeah that's right - you can earn £1,000 from self employed means before you need to declare that on your tax return. If in any doubt though, just give HMRC a call or contact them, they'll keep you right! Glad you liked the video!
@klaud7643 жыл бұрын
@@LeftoverVenison so really it’s a way to earn £1000 tax free? Sounds too good to be true but I’ll contact them for sure about it
@JibinMN3 жыл бұрын
@@klaud764 Have you got any answer for this from HMRC I am also planning to do flex as part time on some weekends
@arijsyed3 жыл бұрын
@@klaud764 yes but its 1000 in a year right? You will do 1000 in a month or two with Flex or 3 at max if working like 2 to 3 nights a week
@RAMI-uq1rc8 ай бұрын
Hello i just started amazon flex in march this year and i did self assessment account and i received my UTR but i dont know what to do next
@Peter-bm5zg2 жыл бұрын
Hi, thanks for posting the video. I have a question about claiming mileage. Do you claim from 1) the moment you leave your house to back to your house. 2) from the moment you're at the Flex station to last parcel. 3) from the moment you're at Flex station then back to home? Appreciate if you could answer
@LeftoverVenison2 жыл бұрын
It's a much discussed topic Peter. Technically...I think...you're fine to claim from the moment you leave home until you return. Since you are an independent contractor and in order to fulfil your work you're having to drive to the pick up station etc. But...nobody seems 100% sure (including HMRC).
@northlondonfili37552 ай бұрын
Hello Will i get a fine? I miss the oct 5 deadline😬 I only started flex this year around april.
@hurricaneb25793 жыл бұрын
I've read every note on this chat and can say was all very helpful. Thanks again
@LeftoverVenison3 жыл бұрын
Glad it was helpful for you cheers! :)
@maryamvlogs7 Жыл бұрын
Any idea if you’re on UC do they get notified that you’re earning from Amazon flex or they’ll only know when you declare?
@adriennelouise25733 жыл бұрын
So if I am claiming back the miles as expenses what about my business insurance costs are they not deductible?
@LeftoverVenison2 жыл бұрын
If your business vehicle is only used for business purposes then yeah you can claim that back.
@rentyourshisha321 Жыл бұрын
Hey, I havnt been tracking my miles, what do I do?
@gm8314 Жыл бұрын
Appreciate video done a while ago but I’m new to the Flex programme. I know that we can earn £1000 before we have to declare but if we earn over that amount does the first £1000 not get taxed? For example if I earn £2000 would I get taxed on £1000 minus the fuel expenses?? Thanks.
@LeftoverVenison Жыл бұрын
You'd get taxed on the full amount if you go over £1k I believe mate
@kevinfenwick285111 ай бұрын
Hi when claiming milage does that go in total allowable expenses. Also there is 2 options single total value and detailed total value would I use single total value if I'm doing flex. Thanks
@LeftoverVenison11 ай бұрын
Yeah it goes in your total allowable expenses as far as I know. Which of the two options you use is entirely up to you though, however, I'd imagine most people doing flex would go with the single value option mate
@kevinfenwick285111 ай бұрын
That's great thank you, do you no if you can claim for your mobile phone bill.
@LeftoverVenison11 ай бұрын
@@kevinfenwick2851 only if you use it just for business (might be a hard one to prove, unless that's literally all you have it for if they ever ask for evidence, which to be honest doesn't seem to happen much)
@zeeshanahmed4302 ай бұрын
If we are using amazon van to deliver means fuel and insurance covered by amazon.but use our car to/from reach amazon wharehouse,can we claim mileage allowance on our car???
@LeftoverVenison2 ай бұрын
No idea, you'll have to check with your DSP or HMRC
@zeeshanahmed4302 ай бұрын
@@LeftoverVenison thnx
@BurstinBulletz4 жыл бұрын
Hi mate, curious question I’m working full time on PAYE and I’m doing my first block of Flex on Sunday. I plan to do it as like a little side project just working when I can, I’m nervous about the whole tax process but I saw you don’t actually need to register as self employed until you hit the £1,000 earned mark as you will not be taxed for anything below this limit, is this true?
@LeftoverVenison4 жыл бұрын
That’s right mate, I do mention this in the video as well (but realise it’s a long one and it’s easily missed) :) Just a note that it’s £1,000 in total from self employment (not just from one source if you know what I mean) and BEFORE expenses are deducted as well. But honestly, don't worry about it, I know lots of guys who do flex on the side of a regular PAYE job and it's no real hassle - you'll be surprised how straightforward doing your self assessment is. I know I was (I never expect anything government related to be straightforward). Hope all goes well for your first flex shift!
@chocolatechaser71684 жыл бұрын
@@LeftoverVenison when signing up on the app it asks if you are taxable for VAT purposes you would click no unless you own a business but if you own over £1000 from PAYE and flex or just flex alone you declare and pay tax (self employed)
@LeftoverVenison4 жыл бұрын
@@chocolatechaser7168 You only have to register for VAT if you or your business earns more than the threshold (which is around £85,000 per annum I believe). You have to register for self assessment if you earn more than £1,000 from any source of self employment.
@chocolatechaser71684 жыл бұрын
@@LeftoverVenison You are a star thank you so much 👌🏾
@lootbeg093 жыл бұрын
Cheers for the video mate! If I’m writing off 20’000 miles per year, is that a tax deduction of 6k? What if this is more than your tax bill? Apologies if this is a stupid question 🤣
@LeftoverVenison3 жыл бұрын
Hi mate - not a stupid question at all, but I honestly don't know the answer - I guess you wouldn't pay tax then! But it would actually be £7k deductable. 10k miles @ 45p (£4,500) and 10k miles @ 25p (£2,500). That's a canny chunk of business mileage to be doing so I wouldn't be too surprised if HMRC ask to see your books / details of mileage ;) I'd suggest giving the HMRC helpline a ring and see what they say about it though.
@LeftoverVenison3 жыл бұрын
If you do give them a bell and feel like doing so, drop me a line back and let me know what they have to say - genuinely interested now.
@dmc_773 жыл бұрын
how did you get on with your miles and tax deduction?
@bgurung81792 жыл бұрын
Hi, thanks for your video. My question is what could be the proof of mileage when you submit self assessment. Hmrc might want to see some sort of genuine business mileage.. Thanks
@LeftoverVenison2 жыл бұрын
Hey! Accurate record keeping and the mileage readings from your MOT and/or service certificate(s)
@LeftoverVenison2 жыл бұрын
But...no idea beyond that - they've never asked for it and I've certainly never enquired. I'm sure a tax pro could give you a real answer :)
@andyturner29823 жыл бұрын
Great vid! Can I just ask, do you also pay NI Contributions at the same time as paying taxes through self assessment? Thanks!
@LeftoverVenison3 жыл бұрын
Thanks mate. Yeah when you complete the self assessment you'll also be billed for NI (if applicable)
@ioanadabija56762 жыл бұрын
Does the 45p tax allowance for the first 10k miles resets every year? So for example if i did this year 10k miles , do i have to expect 25 p per any mile that i will do next year?
@LeftoverVenison2 жыл бұрын
Yeah it's per tax year
@joneseysj11 ай бұрын
Hi buddy, I’ve just started sub contracting for yodal, and I’m planning on doing it the simple way of 45p a mile, just a quick question please, I’ve been recording my mileage every day just by filling it in on my calendar daily, now do I have to keep any proof of the mileage? Like taking a picture of the odometer or anything? Or can I just add up the miles when it comes to the return and fill it in? Cus I’ve been keeping no receipts or pictures, only recoding the mileage I do daily. Just don’t want to get to that point and find out I need to prove the mileage I’ve been doing. Thankyou in advance. 😊
@LeftoverVenison11 ай бұрын
As far as I'm aware (and how I've been doing it myself) is that you just have to record the ODO reading at the start of your work day and then again at the end of it. I don't think you need to keep any records/proof beyond that...however, like I say - I'm definitely not a tax expert so for anything you feel you need cleared up further you're best off talking to HMRC ;) I've never had any figures queried by HMRC and I've been submitting self-assessment tax returns since 2012 if that's any help too
@LeftoverVenison11 ай бұрын
By "record" I just mean write it down.
@joneseysj11 ай бұрын
Hi thank you so much for replying, I’ve been zeroing the clock and just recording what miles I done for the day, I just thought that I might need to prove it some how as people could easily add miles on to pay less tax. Surely they can’t just except a figure if say 11234. I mean if that’s the case anybody could just whack enough miles to not pay tax. Thanks again 👍
@LeftoverVenison11 ай бұрын
@@joneseysj It's capped at 10k miles mate, so if you do more than that you do have to provide receipts etc and claim the more detailed claim. The simple mileage claim is only for 10k miles per tax year maximum
@joneseysj11 ай бұрын
@@LeftoverVenison I thought after 10k it drops down to 25p a mile, il be doing roughly 10750 based on my average daily miles. If that’s the case I just won’t put more than 10k just to take the simple option
@BLX1873 жыл бұрын
Im starting flex.. but this is all super complicated for me. im gonna end up getting in trouble for this.
@vladhs20112 жыл бұрын
I've done it twice and earned 111 £ exactly ( twice 55.50) . I've stopped doing it and won't do it in the future. Do I need to file for taxes in the UK for these 111£ and If I do when is the deadline for 2022/2023. Don't want to get fined for fucking 111£.
@Adventureshoney Жыл бұрын
So you don’t get the fuel money it just comes off the taxes at the end off the year ?
@LeftoverVenison Жыл бұрын
yup
@fearlessbuck3 жыл бұрын
Very helpful, cheers!!
@Deee92932 жыл бұрын
Hi, I am completely new to this. I started Flex on October 2021, when do I have to pay tax by? I have logged into HMRC using my Government gateway number but cannot see any self assessment tax? Lastly, how would HMRC find out tax is not being paid?
@LeftoverVenison2 жыл бұрын
I'm pretty sure you'd be filing from April 2023 for the tax year previous but I could be mistaken. Best to check with HMRC or a tax professional. Would they find out? Not sure, let me know if you decide not to pay it and they don't ask for anything ;)
@lollygagin1004 жыл бұрын
Thanks one question is the £1000 threshold per year if I only make let’s say 900 in a year then make 900 the year after that does that require me to self assess
@LeftoverVenison4 жыл бұрын
It's £1,000 per tax year I believe
@lollygagin1004 жыл бұрын
@@LeftoverVenison thanks mate
@katyapires8590 Жыл бұрын
Very helpful ❤
@zaiissufo740 Жыл бұрын
Hey, just starting my first Amazon flex shift today - i know you could claim money back through mileage, I wanted to ask whether you could claim money back to be commercially insured too?
@LeftoverVenison Жыл бұрын
Hi there - I *think* you can claim it back, but I'd need to double check that!
@gamersalman12343 жыл бұрын
I have earned over £5700 without declaring tax I though amazon deal with that but I just found out I have to do it myself what can I do now?
@LeftoverVenison3 жыл бұрын
You'll have to file a self assessment tax return at the next opportunity and include the required tax years earnings, or contact an accountant for advice maybe
@Sami16Aprofessor11 ай бұрын
I'am in process for Amazon flex driver as my second a job, please how i fulfil the part of tax / Are you taxable for VAT Purpose ? witch answer yes or no ? if yes how i can get EU VAT ,? I'am in UK
@SHAUN85615 Жыл бұрын
If u earned £6.916. from last November to this February do u still have to pay your tax if not been self employed since February and don't have job
@LeftoverVenison Жыл бұрын
you'll need to complete a self assessment tax return covering this tax year when it's due
@luismaiamaia2442 Жыл бұрын
I am working fir 2 years with no self employement . What shiuld i do? 😢
@LeftoverVenison Жыл бұрын
Sorry not sure what you mean
@yousafemail3 жыл бұрын
Top man 👍
@sali72962 жыл бұрын
thank you for the video this was great! i started driving for amazon flex in nov 2022 and i've reached over £1,000 in earnings, would I need to submit a self assessment form by jan 31st 2023 or would it be eligible next jan 2024?
@LeftoverVenison2 жыл бұрын
Glad it was useful! If you started in Nov 22 that'll be for the 22-23 tax return which will be due by 31 Jan 2024 (I think!! - If unsure best to check with HMRC)
@sali72962 жыл бұрын
@@LeftoverVenison thanks for replying! That makes sense, thank you :)
@jamiebirkett53053 жыл бұрын
I have never worked self employed. Shifts are now finaly available and going to do a couple of shifts to see if its for me. Do you need to register even if you do 2 or 3 shifts then dont go back?
@LeftoverVenison3 жыл бұрын
No mate, you only need to register for self assessment if you earn over £1,000 from being self employed. So as long as you've got less than that coming in (before expenses - fuel etc) you don't have to. Contact HMRC if in any doubt, they're pretty helpful.
@hurricaneb25793 жыл бұрын
@@LeftoverVenison do you mean if you earn less than £1000 per month you don't need to register for self assessment or do you mean if you earn less than £1000 in total within the tax year you don't need to register for self assessment?
@LeftoverVenison3 жыл бұрын
@@hurricaneb2579 Hello there - total in the tax year.
@tabbymrp3 жыл бұрын
I have just started Amazon flex as a side thing from my full time job. Thanks for the video! What about tolls? Yesterday I paid £6 on toll bridge that Amazon flex sent me , I haven’t reached £1000 yet, will I get it back ? Thanks
@LeftoverVenison3 жыл бұрын
Hi there, you won't "get it back" as such but you will be able to claim it on expenses off your tax bill when/if you register for self assessment. I would really try to avoid tolls at all costs when doing deliveries - even if it means driving a little further. I'd even go so far as to reject a route at the depot if it meant I *had* to go over a toll bridge or the like. My next video will be a video going a bit more into mileage (and related) claims and how it all actually works.
@tabbymrp3 жыл бұрын
@@LeftoverVenison Thanks you! Yesterday I tried to avoid a toll bridge by going around it, but the GPS keeps asking me to do u -turn, after 5 mins on motorway I worried this might cause some sort of penalty, like I was trying to run away with the parcels, so I did u turn and followed the purple route which I know I will be led on that toll bridge. Really don't know what I should do.
@LeftoverVenison3 жыл бұрын
@@tabbymrp Nah, it won't cause a penalty. When you start the navigation you can set it to use google maps or waze or apple maps or whatever you'd normally use so it doesn't use the useless Amazon nav ;) Then just set it to avoid tolls. You can drive any way you like to your destination.
@arijsyed3 жыл бұрын
@@LeftoverVenison hey how do you switch from the Amazon app to google maps? I don't like the crappy Amazon App either but not sure how to keep linking in the parcels one after another into Google Maps?
@LeftoverVenison3 жыл бұрын
@@arijsyed When you go to start the navigation there should be a little tab that you click where you can choose which navigation you want to use
@mohamed_koroma384 жыл бұрын
So helpful thank you
@LeftoverVenison4 жыл бұрын
Glad it was helpful!
@sirronnitram89372 жыл бұрын
I'm an full time employee paying PAYE, and want to do Flex aswell. Will my employer be notified of my extra earnings?
@LeftoverVenison2 жыл бұрын
Not as far as I'm aware
@bradleynicholson18663 жыл бұрын
What address do you type in for employers address?
@LeftoverVenison3 жыл бұрын
The address you're working from
@MegaADZ882 жыл бұрын
I have a main job as part-time doing 3 days work, and was thinking to do flex on the side, Say u earn less than £1000 per a yr, do u have to pay tax or there no tax to pay?
@LeftoverVenison2 жыл бұрын
If you earn less than £1k from all sources of self employment you do not need to complete a self assessment tax return. So even if you work full time and earn a million a year and decide to work for a few hours doing flex (not sure why you would in that scenario haha) you wouldn't pay a penny tax on earnings under £1,000.
@robinelias3733 жыл бұрын
I would like to clarify some doubts regarding the tax.I am one of the delivery driver working with Amazon.I have done my self assessment registration in HMRC and I received UTR number.But I would like to clarify about self employment registration.Do I need to register self employment also .or is it enough to register only in self assessment.Plz,can you reply ASAP
@LeftoverVenison3 жыл бұрын
Completing your self assessment is registering as self employed as far as I'm aware. Call HMRC for advice if you're unsure though.
@scott98463 жыл бұрын
i suppose i am in full time work, i do flex on the side so i will have to apply for a sole trader won’t i ?
@LeftoverVenison3 жыл бұрын
only if you earn more than £1,000 from self employed means mate
@scott98463 жыл бұрын
@@LeftoverVenison so basically i will have to pay tax on that due to having a main job , then doing flex on the side
@LeftoverVenison3 жыл бұрын
@@scott9846 like I say, you'll need to declare it once you earn £1,000 from Flex (and any other means of self employment), but yeah you'll need to pay tax on it.
@nodiworld26273 жыл бұрын
So helpful but my question I just temporary just for 4 months a par month my income lesson 1000 I have to pay tax self-employed???
@LeftoverVenison3 жыл бұрын
If you earned less than £1,000 in total from self employment then you don't have to pay any tax on that.
@armstrongbe Жыл бұрын
Will HRMC ask for proof of mileage?
@LeftoverVenison Жыл бұрын
they could
@kaur_sandeep233 жыл бұрын
Hi How I can change region ? Please can you help me I am living Teesside blocks are coming Leeds...
@LeftoverVenison3 жыл бұрын
Hi, I'm pretty sure you need to contact Flex support via email (you can do so in the app) and they'll be able to sort that out for you I'm sure.
@kaur_sandeep233 жыл бұрын
I tried but it’s not working
@hurricaneb25793 жыл бұрын
@@kaur_sandeep23 did you manage to change regions now?
@kaur_sandeep233 жыл бұрын
No I haven’t
@kaur_sandeep233 жыл бұрын
Please if any one can help me
@danieltimperley76643 жыл бұрын
Thanks for the cos, did my first flex shift earlier so now starting to research tax. My main question was around the mileage, and can I claim from my house, it seems a grey area ans also noticed that you said you only claim from the delivery centre. Do you know if there is an official stance on this?
@LeftoverVenison3 жыл бұрын
Hi mate. It is a grey area and to be honest I don't know the answer. I've spoken to people who claim from home and others who claim from depot - I've spoken to two different advisers from HMRC - and one stated from home, as the moment you leave you are technically working hence business miles. The other said you only start your business mileage once you've collected the packages at the depot. So, nobody seems able to give a clear answer. I only live a few miles from the delivery station so it doesn't really matter too much to me in terms of mileage claims but I guess if you live miles and miles away it could be an issue. Sorry, doubt that's any clearer. You could always give HMRC a call or drop them an email and see what they say to you on the matter.
@danieltimperley76643 жыл бұрын
@@LeftoverVenison thanks for your reply. It will make a fair bit of difference on the short block I did today. I traveled 39 miles in total but about 22 of that was too and from the morrisons so that would actually make a fair difference in the percentage earned. Just a last quick one, do you try and keep track how much your running Tax total for the year would be? I'm setting a spreadsheet up and wondering if I need to include national insurance too, or are all my NI contributions paid through my normal job. Sorry this is all new to me.
@LeftoverVenison3 жыл бұрын
@@danieltimperley7664 You'll pay NI on your self employed earnings as well. I don't keep a tally exactly but I have several streams of self employed income so I put a percentage of my earnings aside into a separate account each month. I haven't done any flex shifts in a little while now as my other jobs are very busy lately, but I do usually quite enjoy doing it when I do :) Realistically though, you probably can count from your home, as you are a self employed sub contractor and in order to fulfil your work you need to travel to the delivery station / morrison's etc - so I'd say you'd probably be OK to count from your home but I would definitely check with HMRC - they are usually pretty helpful. Good luck with it all!
@lizziehunt3872 жыл бұрын
Does anyone know the amazon flex address to put in for registering for self assessment uk?
@LeftoverVenison2 жыл бұрын
I'm pretty sure you don't need to put an address in for Amazon Flex.
@ajsimmonds42052 жыл бұрын
Do you register with your home address?
@LeftoverVenison2 жыл бұрын
@@ajsimmonds4205 If that's where you're working from yeah. You don't work for Amazon, you're a self employed contractor so for most people I'd say they'll be putting their home address
@raveno91263 жыл бұрын
Say I start Amazon Flex and earn less than £1000 how can I still claim for mileage? Thanks
@LeftoverVenison3 жыл бұрын
You can't claim mileage unless you register for self assessment.
@LeftoverVenison3 жыл бұрын
Mileage is not money you receive, it's just expenses that come off your tax bill. No tax bill = no expenses to deduct.
@adrianohara10903 жыл бұрын
I have a full time job and I'm looking to do Amazon flex part-time but I don't think I'll in £1,000 do I still have to do a self assessment
@LeftoverVenison3 жыл бұрын
As long as you earn less than £1,000 from self employed means you 100% don't have to complete self assessment or register as self employed.
@adrianohara10903 жыл бұрын
@@LeftoverVenison is that £1000 a month
@LeftoverVenison3 жыл бұрын
@@adrianohara1090 £1,000 in the tax year total
@promysimz85442 жыл бұрын
Thanks for this. I have another job and started amazon flex last year Sept 2021 and then registered for self employment with the HMRC at the end of October 2021.To date l have made about £1800 income in my part time delivery work. My question is should l file for tax returns by 31st January 2022 or it's next January 2023? I am bit confused with tax years. Kindly help, thanks.
@tgm99912 жыл бұрын
The tax year runs from April until April so Sept 2021 is between April 2021 and April 2022 and you'll have until the next January assuming you're filing online which is January 2023 to file and pay. Also, don't forget to declare any other incomes you may have earned from April 2021 until 2022 for example if you had a job paid through PAYE before you started flex you'll need your P45 from that and enter the details from it into you self assessment although they'll know about it already as employers have to report it to HMRC you are asked to declare it on your self-assessment and if you don't it likely course you some grief.
@promysimz85442 жыл бұрын
@@tgm9991 thanks very much, very detailed response. Much appreciated!
@the.internet3 жыл бұрын
Hi mate, thanks very much for the vid. I'm now at this point where I need to declare my earnings as I started Flex as a bit on the side but enjoy it so much I now do it more than my ex full time job. ;) Very helpful vid. I'm giving doing my tax returns a go myself. This year will be the most complicated as I've been full time employed with Flex on the side, next year I'll be working for myself so things will be simpler. Couple of Qs for you... Other than the 45p/25p per mile, is there anything else vehicle related I can claim for? For example, tyres? Or is servicing and repairs considered in that 45p sum? I guess it's the latter. Is there anything else worth claiming that might not come to mind? I'm thinking of going 50/50 split on my phone contract as I'd say I use it at least that much for work. Is the phone itself (I bought a relatively inexpensive Xiaomi (aprox £180) with a decent GPS sensor and what not to make things easier doing Flex) easily deductable? I've made note of things like my head torch, masks, little bits and pieces I've got specifically for the business. Like you I've kept records of everything in a little book I keep in my car and now I'm transferring it all over to spreadsheets (I should have really done this each month) - I was recommended Crunch's mileage excel spreadsheet which seems to work well. I guess my most anxiety is about whether I make some kind of mistake, what are HMRC like after you've submitted returns? Of course I plan on 100pct honesty as I love this gig and hope to keep it going as long as possible but as it's my first year of tax returns it's a little daunting. Are you still doing Flex yourself? I'm at the point where I've unlocked most badges and feel super confident about it all. I know all the guys and gals at the centres and get on well with everyone. They chuck newbies my way who have questions. Lol. I'm defo one of those when it comes to tax... All the best matey.
@LeftoverVenison3 жыл бұрын
Hi mate! Glad the video was a little helpful for you! Yeah I'm still doing Flex (although only 2-3 blocks a month these days). Regarding claims for your vehicle, if you're going down the per mile route then no you can't claim for repairs/servicing/new parts etc as the simple 25/45p per mile is supposed to cover all that (your mileage and vehicle wear and tear - as far as I am aware anyway!). The phone contract - I don't see why a 50/50 split wouldn't be acceptable to HMRC and the phone itself I'm not sure to be honest, but if you use it predominantly for business then possibly you could claim it as a business expense. But anything else you've purchased for business use only (head torch etc) yeah I'd absolutely claim that off my tax. I have never heard anything back from HMRC at all after submitting a claim (hopefully I've not just jinxed it haha) and I have submitted Self Assessment Tax Returns for the last 11 years now :) It's honestly dead straight forward and I'm sure you'll have no issues with it at all mate! Feel free to drop me a line back if you've got any questions about it though (not that I'm saying I'm an expert or anything like that mind ha) Glad you're enjoying Flexing!
@promysimz85442 жыл бұрын
@@LeftoverVenison hello
@aislingmcclelland86793 жыл бұрын
So say if I earn £900 from october to the end of this tax year and then the new tax year starts and I earn another £900 would I have to do a self assessment form?
@tgm99912 жыл бұрын
You'll be below the £1000 "trading allowance" for both tax years so I don't think you'll have to file but I do believe there are some cases that you may need to including if the HMRC asks you to. If you search something along the lines of "HMRC trading allowance" you should find more details on it.
@Leo.15.4 жыл бұрын
Hi :), I want to start my journey with Amazon uk Fba, however am not sure how to start in terms of registering as a Sole trader or register as ltd. my question is do I have to even register to any of those two? I am looking to join Amazon as a professional seller but not sure where to start in terms of Legal stuff such as VAT, company or sole trader . Any advice please ? Or any chance you can please provide a step by step on how to start from scratch please
@LeftoverVenison4 жыл бұрын
Hi there, I'm no expert on being an Amazon seller - I just do deliveries ;) but I would say you'd need to register as a sole trader (or ltd company if that's what your plans are) if you're selling on Amazon. If you earn more than £1,000 from any source you definitely need to register for self assessment. You're probably best of giving HMRC a call - they're pretty helpful. A step by step on how to start from scratch? Not much chance of that I'm afraid but I'm sure someone on here must have done just that :)
@ldn19292 жыл бұрын
And what if u don't pay tax on this ridiculous low pay Amazon gives u? Who will be looking for u and your 1995 ford focus?
@LeftoverVenison2 жыл бұрын
Then you're either earning less than the tax threshold or breaking the law I guess...
@thetoad7367 Жыл бұрын
Hello, do i need to register for VAT before i start work with them? Or once im actually working? My DSP uses wise. I am just waiting for my dvs certificate to arrive and then hopefully going on to training. Regards
@LeftoverVenison Жыл бұрын
VAT? Doubt it unless you're going to be earning in excess of the VAT threshold which is (I think) somewhere around the £85k mark
@dmc_773 жыл бұрын
do i need to register only in my 2nd year then, and not 1st as i have already earned £1000 from may to july
@LeftoverVenison3 жыл бұрын
Hi mate, I'm fairly certain you'd need to register for self assessment this October and then file your 21/22 tax return before 31 January 2023...I think anyway, things can get pretty confusing and like I say I'm no tax expert :D If you drop HMRC an email or give them a call they'll be able to tell you all about it.
@patcooper5153 жыл бұрын
If you started earning from May 2021, then you would need to register by 5th October 2022.