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If you've submitted a P55 form and cannot see it in your Personal Tax account website, there could be several reasons for this: 1. **Processing Time:** It may take some time for HM Revenue and Customs (HMRC) to process your form and update your account. Typically, processing times can vary depending on the current workload and the type of form submitted. 2. **Technical Issues:** Sometimes, there may be technical issues with the website or your account specifically that prevent the form from appearing immediately. Try logging out and logging back in, or accessing your account from a different browser or device. 3. **Submission Confirmation:** Ensure that you received confirmation that your P55 form was successfully submitted. If you did not receive any confirmation, it's possible that the submission did not go through, and you may need to resubmit the form. 4. **Contact HMRC:** If you're still unable to see your submitted P55 form after waiting for a reasonable amount of time (typically a few weeks), consider contacting HMRC directly. They can provide specific information about the status of your submission and any actions you may need to take. To summarize, delays in seeing your submitted P55 form could be due to processing times, technical issues, or confirmation of submission. Checking your account periodically and contacting HMRC if necessary should help resolve the issue.

When you work both full-time and as a freelancer (self-employed), you are required to pay tax on both sources of income separately. Here’s a breakdown of how and where you pay taxes in each case: ### Full-Time Employment Income: 1. **Tax Deduction at Source (PAYE)**: - Your employer deducts income tax and National Insurance contributions (NICs) from your salary before paying you. - This tax is paid to HM Revenue and Customs (HMRC) on your behalf through the Pay As You Earn (PAYE) system. 2. **Annual Tax Return**: - At the end of the tax year (which runs from 6 April to 5 April), you may need to complete a Self-Assessment tax return if you have additional income or need to report other financial details to HMRC. ### Freelance Income (Self-Employed): 1. **Register as Self-Employed**: - If you earn income from freelance work, you need to register as self-employed with HMRC. You can do this online through the HMRC website. 2. **Pay Income Tax**: - You are responsible for calculating and paying income tax on your freelance income. This is typically done through your annual Self-Assessment tax return. - You need to report your income and deduct allowable business expenses to calculate your taxable profit. - Payment deadlines for income tax are usually by 31 January following the end of the tax year. 3. **National Insurance Contributions (NICs)**: - As a self-employed individual, you may also need to pay Class 2 and Class 4 NICs on your profits. - Class 2 NICs are usually paid annually through your Self-Assessment tax return. - Class 4 NICs are based on your profits and are also paid through your Self-Assessment tax return. ### Managing Both Incomes: - Keep detailed records of your freelance income and expenses. - Ensure you meet deadlines for both PAYE deductions (if applicable) and Self-Assessment tax returns. - Consider seeking advice from a tax advisor or accountant to ensure you're compliant with tax laws and to optimize your tax position. By managing your taxes effectively for both your full-time employment and freelance work, you can ensure you meet your obligations and avoid any penalties from HMRC.

Entering self-employed payment tax deductions in a self-assessment tax return involves several steps. Here's a general guide to help you through the process: 1. **Gather Your Records**: Collect all your financial records, including invoices, receipts, bank statements, and any other documentation that supports your income and expenses. 2. **Sign In to Your HMRC Account**: Log in to your HMRC online account using your Government Gateway user ID and password. 3. **Start Your Self-Assessment Tax Return**: - Select "Self-Assessment (SA)" from your HMRC account dashboard. - Choose the tax year for which you are filing the return. - Begin the process by following the on-screen instructions. 4. **Enter Your Personal Information**: Confirm your personal details, including your name, address, and National Insurance number. 5. **Declare Your Self-Employed Income**: - Navigate to the section for self-employment income. - Enter the total amount of income you received from your self-employed work during the tax year. 6. **Enter Your Business Expenses**: - In the expenses section, you'll need to categorize and enter your deductible business expenses. Common categories include: - Office costs (e.g., stationery, phone bills) - Travel expenses (e.g., fuel, parking) - Clothing expenses (e.g., uniforms) - Staff costs (e.g., salaries, subcontractor payments) - Things you buy to sell on (e.g., stock or raw materials) - Financial costs (e.g., insurance, bank charges) - Costs of your business premises (e.g., heating, lighting, business rates) - Advertising or marketing (e.g., website costs) - Training courses related to your business - Enter the amounts for each category based on your records. 7. **Check Allowable Expenses**: - Make sure you only enter allowable expenses as defined by HMRC. These are expenses that are wholly and exclusively for the purpose of your business. 8. **Calculate Your Profit**: - The system will automatically calculate your profit by subtracting your total expenses from your total income. - You will then be asked to confirm these figures. 9. **Enter Additional Information** (if applicable): - Provide details of any other income, such as savings interest, dividends, or rental income. - Enter any other relevant information, such as tax reliefs, losses from previous years, or other adjustments. 10. **Review and Submit Your Return**: - Carefully review all the information you have entered to ensure it is accurate and complete. - Once you are satisfied, submit your tax return. 11. **Keep Records**: - Keep all your records and receipts for at least five years after the 31 January submission deadline of the relevant tax year, in case HMRC asks for evidence of your expenses. 12. **Pay Any Tax Owed**: - After submitting your return, HMRC will calculate any tax you owe. Pay this amount by the deadline to avoid penalties and interest. If you are unsure about any part of the process, it may be beneficial to consult with a tax professional or accountant who can provide specific advice based on your circumstances.

The Construction Industry Scheme (CIS) and the Domestic Reverse Charge (DRC) are both important concepts in the UK VAT system, particularly for those involved in the construction sector. Here’s a breakdown of each: ### Construction Industry Scheme (CIS) **Overview:** - The CIS is a set of special rules for handling payments made by contractors to subcontractors for construction work. - It applies to contractors, subcontractors, and businesses in the construction industry. **Key Points:** - **Registration:** Contractors must register for CIS. Subcontractors can choose whether or not to register, but higher tax deductions apply if they don't. - **Deductions:** Contractors deduct money from a subcontractor’s payments and pass it to HMRC. These deductions count as advance payments towards the subcontractor’s tax and National Insurance. - **Monthly Returns:** Contractors must submit monthly returns to HMRC detailing payments made to subcontractors. **Rates:** - Standard rate: 20% deduction for registered subcontractors. - Higher rate: 30% deduction for unregistered subcontractors. - Gross rate: No deductions for eligible subcontractors who apply and qualify for gross payment status. ### Domestic Reverse Charge (DRC) **Overview:** - The DRC for building and construction services, often referred to as the "reverse charge," changes the way VAT is accounted for in the construction industry. - Introduced to combat VAT fraud in the construction sector. **Key Points:** - **Scope:** Applies to supplies of construction services between VAT-registered businesses where the recipient makes an onward supply of those construction services. - **Accounting:** Instead of the supplier charging and accounting for the VAT, the recipient of the supply accounts for it. - **Services Covered:** Includes most supplies of building and construction services. Excludes services supplied to non-VAT registered customers, supplies of staff or workers, and some others. **How It Works:** - **Invoice:** The supplier issues an invoice stating that the reverse charge applies, but does not charge VAT. - **Recipient:** The recipient records the VAT on their VAT return as both output tax and input tax, meaning no net tax is payable. **Exceptions:** - Supplies to an end user or intermediary supplier are excluded from the DRC. - Applies only to standard and reduced rate services. Zero-rated supplies are not affected. ### Practical Implications - **Contractors:** Must ensure they are compliant with both CIS and DRC rules, correctly processing deductions and applying the reverse charge where applicable. - **Subcontractors:** Need to understand how CIS deductions affect their cash flow and tax obligations and how the reverse charge impacts their VAT reporting. ### Example Scenario A VAT-registered contractor engages a VAT-registered subcontractor for construction services: 1. **CIS:** The contractor deducts 20% from the subcontractor's payment (if the subcontractor is CIS registered) and submits this to HMRC. 2. **DRC:** The subcontractor issues an invoice stating "reverse charge applies" and does not charge VAT. The contractor records the VAT as both input and output tax on their VAT return. ### Resources - **HMRC CIS Guide:** [HMRC CIS](https://www.gov.uk/what-you-must-do-as-a-cis-contractor) - **HMRC DRC Guide:** [HMRC DRC](https://www.gov.uk/guidance/vat-domestic-reverse-charge-for-building-and-construction-services) If you have specific scenarios or further details, feel free to provide them for more tailored advice.