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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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[LTD HMRC] Closure of the service to file your company accounts and tax return?
Hi All, HMRC is dropping the online filling service. This is their justification which I don't buy as how their own online form cannot meet modern digital standards and they push everyone to use proprietary software? Unless there is something free/open source I could use. They introduced this service like 14 years ago not…
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Being gifted money from sale of house
Hi everyone Newbie here…..My uncle, 90 years widowed, has moved out of his home into a retirement village where he is paying monthly rent. His property is in the process of being sold at £250K. He has enough in his current account, and from his pension and attendance allowance, to cover his rent and monthly expenditure…
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Are UK take-home calculators too complicated?
I’m trying to understand whether people prefer simple tax calculators or detailed ones. I built a stripped-back prototype to explore this and would appreciate critique. Thanks in advance.
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Amending Tax return/ Marriage Allowance
I too have been asked to complete a tax return for 24/25. I have completed it and sent it yesterday. I paid the amount asked for straightaway. Guess what today, I have found another £35 interest which was paid on an old account, so I need to amend the return. Right now, because it is less than 72 hours since completion it…
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2025/26 Self Assessment Tax Return
Hopefully the HMRC system will work soon to be able to make some progress. Well done to anyone already logged in I keep getting busy message so far.
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HMRC - Lack of communication and income tax due.
I have tried to register with HMRC but all efforts have so far failed. I've tried writing to them but no response. I've tried ringing, but they simply keep me hanging on the line after numerous automated questions to put me through to the correct department, then the endless wait to speak to a human being, and the wracking…
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Tax on a prepaid card for charity
I work as a volunteer for a small registered charity. If our charity was to put money onto my personal prepaid card (Revolut) for purchasing goods for charity purposes, would HMRC regard that as taxable income? I would have receipts to prove all purchases. In a typical year this could be as much as £20 - 30K in purchases.
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Is this a successful business
When assessing a limited company's accounts how whst info do you look at to assess that? How about this company?
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Self assessment idiots guide wanted
Out of the blue, I have received an HMRC letter stating I need to complete a tax return and they gave set up a self assessment record and created my Unique Tax payers reference shown in the letter. I assume due to savings. No details were included apart from mentioning downloading an app, or scan the QR code. I'm now very…
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Ending Married Couples Allowance Transfer
So, my wife applied to transfer her allowance to me a couple of years ago when we did our tax returns and the transfer was effectively backdated to the tax return year. I assumed cancelling the transfer could also be done in the same manner - so cancel while doing our 25/26 returns to apply for the 25/26 tax yea rand…
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Marriage Allowance - cancelling and backdating
Thoughts please, from anyone in the know, on a curious question that has just arisen this weekend when investigating Marriage Allowance rules. A few statements of fact first: * When a married couple set up Marriage Allowance - transferring 10% of one persons tax allowance to the other, it stays in place for ever unless…
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google sheet for take home tax calcs
I've put together a spreadsheet for PAYE take-home calculations - I needed it to for cross-checking my numbers elsewhere. I'm using it plug in numbers and check if the two agree, if not then it helps me flush out issues. What's in it - 2025/26 and 2026/27 (covers the Plan 2 student loan threshold change) - Difference…
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Lump sum payment of a cashed-in small pension - how will they tax this?
I currently get a very small monthly dependant's pension and have received an offer to exchange this for a taxable lump sum payment. I can work out the probable payment after the basic rate 20% income tax and it would probably be equivalent to 14 years of the current monthly pension. My only concern is that this lump sum…
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Tax on winter fuel allowance
Hi everyone. I've just done a draft self assessment for 25-26. I receive state pension, private pensions and rental income and have received winter fuel allowance. I'm over the limit for the WFA and it's included in my income. All fine, and I agree all calculations for income, BUT… the WFA is included in the figure to be…
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Gifts from Surplus Income
I’m currently assessing my father’s surplus income in order to establish how much he can give away as gifts made from surplus income which will be exempt from inheritance tax. I’m unsure whether the small gifts of up to £250 per individual and £3000 to a different individual should be treated as coming from his income or…
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Is it possible to ask HMRC for tax codes to be changed?
Hi TL;DR : The tax codes HMRC are using for my wife seem sub-optimal. Is there any point suggesting that others would make more sense? Details My wife has a couple of pensions and takes money from a SIPP once a year. Altogether they are just over her annual tax allowance. She also occasionally invigilates for a few hours a…
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Joint landlords: agent report to HMRC of rent received
Hello, together with two relatives I rent out a small holiday let. The letting agent has sent to HMRC a report of rent and commissions etc - but it has sent separate notices for each owner with each owner showing the full amount of rent received. Is this the correct way of reporting as there is no indication on the agent's…
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Marriage Tax Allowance Code Change for 2026/27
The HMRC backlog in processing marriage tax allowance claims by post means that our claim posted at the end of March 2026 won't be resolved until February 2027. Should we apply separately online for a tax code change for 26/27?
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Help Surrounding business mileage rates
Firstly, I am not sure if this is the right section, please let me know if there is a better suited place. I am looking for advice surrounding the amount per mile that I should / can receive from my work place. Useful back ground information : Receive a car allowance Using own vehicle All mileage is claimed as home is…
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Most tax-efficient way for shareholders
Hi everyone, I’m looking for some guidance on the most tax-efficient way to remunerate the owners of our company for the 2026/27 tax year. I’ve recently become a director, and our shareholding is split as follows: • Director A (Me): 35% shareholding • Director B (Partner): 51% shareholding • Shareholder C (Partner’s Wife):…
