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Cutting Tax: Discussions that will help you
To help you find the Cutting Tax threads quicker and easier we're collating our previous sticky/pinned threads into one single post. Cutting Tax board: Tax instructions - please read Useful Websites TaxCalc alternative? How does the Taxman Know? Inheritance Tax Planning Useful Tools to Help With Taxes Washing Uniform at…
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Share dealing - need advice about "bed and spouse"
I have a number of shares of a US company held in my US (UBS) share dealing account. I'd like to transfer some of the shares to my wife's UK Halifax share dealing account. If I sell (for example) 20 of the shares via UBS and on the same day my wife buys 20 of the same shares via her Halifax account - what would be the tax…
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UTR
I have been searching for my UTR but the government system wont accept me in - I have looked back through all my paperwork and have found a 10 digit number - is there any way I can simply check it or shall I use it
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Tax on state pension in first year - again!
I submitted my SA online earlier this month and HMRC have
sent a letter stating they have changed the SP figure (increased by one week of
pension income) for the year based on their (presumably DWP provided) records.
Consequently they have increased the tax
due by Jan 31st (also increasing the tax on account for next…
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what is the tax date for fund distributions and equalisation
I expect this has been asked before, but I only found a thread about share dividends, which seems a different case. When filling in my 2025/26 tax return, I used fund dividend figures given in my HL tax certificate for my GIA, which gives the payment dates rather than the exdiv dates. However, a payment with an exdiv date…
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Company didnt pay me
Hi, Between 19 May 2025 and 29 May 2025 i worked at a company in Oxfordshire. He only wanted me to do Mechanical engineering stuff but i am electronics, so i struggled…after 2 weeks the boss went into meltdown, and so i just had to leave. I wasnt getting the mech work done that he wanted and wouldnt be able to any time…
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Retrospective Marriage Allowance
My wife (non-tax-payer) recently completed a MATCF to gift her marriage allowance to me, not just for 2026-27 but also for retrospective tax years including 2025-26. The MATCF is still pending and her tax calculation for 2025-26 has just been processed (it would not have been impacted had the marriage allowance been gifted…
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Park Homes: VAT on energy
Recently on MSE, I saw that VAT on Park Homes energy should be 5% and not the 20% we currently pay. I raised this issue with our Park Homes landlord, but have not had a reply. Any ideas who I can contact in HMRC VAT division to move the conversation forward?? Thanks
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Making Tax Digital (MTD) for Landlords
If you receive qualifying income from self-employment and/or property, you’ll be legally required to use Making Tax Digital (MTD) for Income Tax – based on the level of qualifying income – from the following dates: • April 2026, if your qualifying income is over £50,000 in the 2024 to 2025 tax year • April 2027, if your…
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Income tax on property owned jointly with my wife
I own a rental property with my wife. We own it 50/50 based on a TR1 form submitted to the Land Registry about 10 years ago. I inherited the property at that point. There is no outstanding mortgage. My wife is a basic rate tax payer whilst I pay higher rate. We currently split the rent 50/50 on our self assessment form.…
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IHT on oversees property
Hi we bought a Holiday apartment overseas a few years ago planning to use it over the summer when we retire. when we both die my son will get the apartment. What is the situation regarding IHT in the UK and the property, leave it as it is or get it transferred to him now.
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Old employer messed up, HMRC data wrong - help!
This is such a mess and none of it of my making so I need some help. I was off long term sick and hadn't been paid for months when suddenly I got a massive payment in March 2026. I called payroll as even SSP had long since run out. Payroll for some reason thought I'd gone back to work in January so paid me backdated pay…
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When does subsiding a family member become a gift for IHT purposes
Obviously it depends on circumstances, but what about a situation where a family member has no assets and needs care, but the social services are reluctant to fund the care adequately ( not an uncommon situation I guess) . So if a close but better off family member helps out by paying a care agency directly for example,…
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Is my tax correct
I usually use UK salary calculator and find it to be usually very accurate, but I think this time it might be wrong. I'm also not good with maths or numbers, so part of this is to aid my understanding too. Last month I was paid a £2203 annual bonus. My normal salary is £49843. Tax code 1257L and I'm in Alpha pension paying…
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Claiming overpaid PAYE after retiring part way through tax year - impossible?
I am trying to follow these steps to reclaim overpaid PAYE from the year I retired - was being taxed on assumed annual income but went down to a state pension part way through the tax year. Steps: (1) Visited this link:…
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Brother in law's income tax after redundancy and new job
My brother in law was made redundant in December 2025 and started a new job in January 2026. He's worried that he will owe lots of tax so with my sister's help, I've been checking his HMRC account. I have worked through his P60s below and I have three questions; His new job is not appearing on his HMRC's account, which I…
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Change from agent submission to doing it myself
I was getting very stressed having been asked to self assessment having only 3 months to get it submitted. A friend recommended his tax account so I got her to do mine. Still waiting for the bill but it was short term peace of mind. Having got advice from all you good folks here and seeing what she produced I may try to do…
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HMRC mistake
An ex employee who left our business in Oct 2023 and went to work elsewhere has now been given a tax demand of nearly £4000 as they believe she still works for us and were not notified that she has left. I have a copy of her p45 that I produced in my payroll and it was clearly stated on the RTI that she has left. After…
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Help MTD - Software - Bank or Spreadsheet ?
My accountant is retiring this year and its the first that I have to submit my files through MTD so getting really stressed . I only sell around 10 - 20 items a month ( a lot less recently ) so not too sure of the best software to use so currently using 1 - Starling bank app - I have itemised all my figures etc sales /…
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How Much Tax will i have to pay?
Hi, How much Tax will I have to pay when I do self-assessment for working as a Sole Trader? In Tax Year 2025-2026 I was payed £2538 at one company (As a Sole Trader) , and was payed £6160 at another company (Also as a Sole Trader). How much Tax will I have to pay? (roughly) In the same year, all my other employment was…
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MTD Deadlines - Do they need to be submitted ?
Found this online , does this mean that the MTD does not need to be submitted for the first year due to the soft landing ? Note: While these quarterly submissions are legally required, HMRC has implemented a "soft landing" period for the first year, meaning no penalty points will be issued for missed or late quarterly…
