Cutting tax

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…

I have a regular job and then self employed income too as sole trader. Income from self employed is about 25k from tax year. Overall income from both is over 100k. My understanding is I do not need to be VAT registered as sole trader as less than 85k per tax year earned as sole trader. If I have expenses, so for example a…

Hi, (Not to mods: I posted something similar to this back in January, but this time I have a bit more information and would like to keep this as my new post.) I’m hoping someone can help me understand my position before I speak to HMRC again and/or take formal insolvency advice. I’ll try to keep this as clear as possible.…

This might be on the wrong board as it is about paying tax rather than reducing it so please move it if it would be better elsewhere My mother, now elderly, has got in a bit of a mess and confused with her income tax the last couple of years so has asked me for help. She receives a state pension which is in excess of her…

I recently did my first self-assessment, which I only need to do to pay the child benefit high income charge (as I can't do this via PAYE for reasons I won't go into). At the end it told me the amount due, which was about what I expected. I've logged back into my HMRC account to sort out payment, and it says the current…

hello I do the book keeping for a relative sole trader business. For 25/26 year, we had an accounant submit the SA return but this year I will be doing it as due to an injury, the workload (and income) has dramatically reduced and we are trying to reduce financial commitments - its a quite a simple SA using an online…

OK, so this is a bit complicated (and sorry it sounds like a first world problem) but I will try to keep it simple. FiL called a few weeks ago concerned that there will be a change to IHT rules in the Budget at the end of this month. (Please do not discuss what may or may not happen in the Budget as that would be…

I have financial PoA for my mum and filed a 2024/25 tax return for her. I received a letter from HMRC dated 17 September this year saying there was £2970 owing for that year, with the first instalment of £1480 due on 31 January 2026 and the second instalment of the same amount due on 31 July 2026. It then goes on to say…

Wife only has a Full state pension. I work and had some of my wifes threshold added to my tax allowance. She has just had a tax bill for £130.60 which I've paid. I've paid this as she has a lower allowance because of the afore mentioned transfer. With the upcoming increase of State Pension, on the MLShow 15/09/26 it was…

My mother in law died at the beginning of the year and the probate application form was completed and submitted within a month. A figure of £275,000 was put for the property valuation. This was a guesstimate based on the prices of similar properties sold in the neighbourhood. The next month the property was put on the…

Hi I have retired and currently have no pension income therefore I have transferred 10% of my personal allowance to my wife. I therefor eassumed my personal allowance was £11,313 however no code was communicated to me since I stopped working and none was listed on the HMRC website. I decided to start drawing down some of…

My SA was submitted and received on 24 September a week ago. When will I see the amounts I owe after thay have taken my payments on account into consideration. Currently I can only view a tax calulation where it specifially states This amount does not take into account any 2025-26 payments on account you may have already…

I am a pensioner. My income is above £35,000. I contrive to keep my income within the 20% tax band so as not to lose the Marriage Allowance. If the Winter Fuel Payment were thrust upon me, would this increase my taxable income (potentially pushing me into the 40% tax band)? Is this a circumstance where I need to opt out?

The Telegraph had a feature that suggested "whole of life insurance" as a strategy for inheritance tax planning. My IHT planner has applied to Royal London. Wonder what has been the experience with Royal London? The time scale when underwriting is suggested? Is a particular insurance company better or worse? Thanks.

Hi I’m a care worker in the community and have to travel between houses day in day out in my own car. I can do upto 15 calls a day and around 100-150miles a week. I do not get paid any mileage for this work. I have tried to claim back tax relief from HMRC as have been paying tax for the last 3 years but have been refused…

Hi there, Has anyone had any luck with getting HMRC to change the year a lump sum was paid into. My father passed away and so I received a lump sum payment from his pension provider. They paid this into my bank account on the 1st April 2026, so last tax year. He was over 75 so income tax is relevant. Anyway the pension…

Anyone managed to use a bridging software for Making Tax Digital submission yet??? My friend has to do it for the next tax year and so I am helping him look into suitable bridging sofware.

Hi, looking for some clarification. in January I sent a letter to HMRC providing an estimate of the BBSI my mother would receive in the 25/26 tax year. It was approx £11000. They send us a form to complete giving details of each account which we returned. They replied stating that they would receive the information…

If I leave my grandchild10 thousand pounds and nothing else in my will will they be liable to pay tax on it…..advice appreciated

Hello, I wonder if you can provide any advice - i plan on contacting HMRC in next few days. I worked until 31/03 at company no 1 - this last payment was paid 15 April. I started new role start of June and left last month. I planned on applying for tax tebate - however: On my PAYE account on HMRC it only shows employer 2.…

Almost at end of my self assessment having viewed the calculations and checked data entry multiple times. I now have a page headed Payments on Account and asking "Are you claiming to reduce your 2026-27 payments on account?" I am not sure how to answer. After taking the payments on account I have already made the balancing…