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Overtime - TAX is so much its almost not worth doing any
All i am looking for any solution here , i work am on 24/7 call-out and some months i do 30 hours overtime and get £X but sometimes not often i work a bit more like last month i did 60 hours roughly , and due to the total gross salary for the moth pushing me into the higher tax bracket i only received £100 extra'ish for 30…
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PAYE tax rebate
Hi, My OH was working at the start of the 08/09 tax year but gave up work in August 08 to have our first baby. According to her P45 she earnt £6726.92 and paid £892.00 in tax. Her tax code was 543L. She did not work for the rest of the year. She phoned up the tax office and they said she wasn't due a rebate but we figure…
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Outsourcing tax returns to India
I understand that some accountancy firms are now outsourcing completion of tax returns to India, would you mind?
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Overpayment of Tax and Job Seekers Allowance
Hi everyone. I am owed £1,100 in tax from the Tax year 2007/2008 whilst I was working on a student placement I was on emergancy tax for the full year without realising. I was made redundant 2 weeks ago and I am looking to claim the figure back to use for driving lessons now I have the free time to do it. I have started a…
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Money from abroad...what shall I do???
Hi All, My brother, who lives abroad, would like to send me a very kind gift for my kids to cover their current and future education. The amount is around £300K but I am not sure what tax implication this may have as I live in the UK. My questions are; 1- Can I just transfer the money to my UK account without any problems…
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Declaration of rental income
Hi, I bought a property around 9 years ago with an ex-girlfriend. When we broke up about a year and a half later, I moved back in with the parents and rented the property out and have done ever since. However, the problem is . . . I have never declared any tax on the property. It never really bothered me in the past as I…
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Avoiding Tax on Payments into UK for a Foreign Company
Hi there, I wonder if anyone can help me with this quite specific knowledge. I work in the UK as the sole employee of a company ordinarily based in Russia. The company has no tax status or anything here, I work as a self-employed person paying my own tax on my earnings. Recently however we've signed a deal with a new…
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K160 Tax Code
Hi, I am currently earning £25k per annun and have been on a K160 tax code and not sure why to be honest, i have spoke to the tax office and they are changing my tax code to 435T, never heard of this tax code either. I started my new job in Jan 09 on tax code (K160) and they have changed it to (435T) starting from 01 Sept…
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Help With My Tax Please - 647L
Im currently working with a new company who have as of yet got to set up a payroll system so its all done on a transfer from the owners account to my bank account. now im earning £234 a week, and getting taxed on that bringing it down to £196 per week. i started work on the 24th of August and got paid from that day…
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Should I opt out of Class 2 NICs?
Hello, I look after my 3 year old child who receives Child Benefit in my name. I believe this gives me automatic Home Responsibility Protection of my NI record for state pension purposes, even if I pay no NICs. I am registered self-employed and I currently pay Class 2 NICs which costs £125 per year. But my earnings are low…
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House Ownership
Hi I posted this on Debt free wannabe board and was advised to post here as well: Hi - not sure if this is the right place to post. I would be grateful for any advice on the following: I have a son aged 24 from my first marriage (wife now dead). Son lives with my Mum in her house which is jointly owned by Mum and myself.…
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National Insurance Question
Not sure where to post this. Hope its ok in here :confused: Anmyway my girlfirend recieved a letter the other day telling her she needs to pay £402 in NI The company she works for was bought over by another company in the past year or so. The letter states that if she doesn't pay it she will loose her state pension…
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Help needed please
Hi I am due to receive nearly £33,000 from a pension scheme lump sum, they didn't pay me enough when I retired in 2006! This is £28,425 with £4548 interest (over 3 years) Now, I started a new job 7 months ago earning £22,000 and this still keeps me under the 40% tax threshold even with my monthly pension payments (£21000 a…
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Tax situation while living abroad
Hi everyone, My wife and I moved to Dubai last year and rent our house out in England. We had rented it to friends who have now left and a letting agent rents it out for us. We intend to move back to the UK within the next few years and are curious to know what the taxation implications are for us. We also send back money…
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Hospital Accommodation: Benefit in Kind
I wonder if anyone can help me out with a worrying 'Benefit in Kind' problem I now face... I live in Newcastle in the house that I own. I pay my mortgage, utility bills, TV licence and council tax as per normal. For the past 6 years I have worked on various small contracts all over the UK, journeying back home to Newcastle…
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Council Tax- is it unlawful?
I found this website which some of you may find interesting... nocounciltax.com/?p=71 Basically, if you read it through, you discover there is no legal obligation to pay council tax. All the letters/correspondence is there in black and white to prove it. Also, if you read the comments at the bottom, it looks like very…
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Tax rebate - help how to complain please
Can anyone help here. My nephew is 19 and back in january this year he was effectively made redundant from his apprenticeship in carpentry. He had been working for 9 months and the employer had taken the full amount of tax off him. He had to register as self employed in order to claim his tax back. As it was his first tax…
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Tax on Savings etc
I have always been employed by the same employer and never had to do any sort of tax return, or have any communication with the inland revenue. My employer does it all. I am considering setting up a small business and have been browsing the revenue website and the self assesment form. This mentions income from savings and…
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BBC unbiased?
I think the BBC News 10.00pm last night was a deliberate attempt to create sympathy towards the "poorly paid" public sector workers. They interviewed a paramedic who was "concerned" that pay may be frozen in the public sector and he only earned £25,000 a year. This immediately sounded alarm bells as that is the BASIC…
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Mum's council tax demand
Hi My mum called me over the weekend in a panic due to the council tax department's statement that she owes around £1500 from the old house seven years ago before my parents split up. After the slpit, my dad was ill and couldn't pay anything so my mum paid all the debt (one of the reasons for the split) off. She has just…