Welcome to MoneySavingExpert.com's Forums!
THE EASY WAY: All the Forum's best tips go in MoneySavingExpert's weekly E-mail
Plus you'll get all the new guides, deals and loopholes. It's free & spam free
IMPORTANT! This forum isn't moderated.
If you spot a spam, illegal, offensive, racist, libellous post or PM please email abuse@moneysavingexpert.com

  Remember, this is an open forum! Anyone can post so always exercise caution when acting on info.
  Don't post links for personal gain. Except in the referrers section and always declare any interest.
You must Register to post (don't worry it's free)
Reply
Views: 933  
Thread Tools Search this Thread Display Modes
Old 16-01-2007, 7:02 PM   #1
MSE Dan
Senior Researcher (Money)
Serious MoneySaving Fan
 
Join Date: Dec 2004
Post Count: 939
Thanked 1,175 Times in 389 Posts
Default Taxing Times 5 Discussion Link

This thread is specifically to discuss the content of the

Taxing Times 5 Article

To discuss or ask a question about the article: click reply



MSE Senior Researcher, mainly responsible for looking after, and keeping up-to-date, ‘hard-core’ financial articles such as credit cards, savings and loans.

If you spot a rate change that we haven't already mentioned or added into articles or tips, Please send me a PM about it




Don't miss urgent MoneySaving, hear first by getting Martin's Money Tips Free E-mail at www.moneysavingexpert.com/tips
MSE Dan is offline   Reply With Quote Report Post
Old 19-01-2007, 1:10 AM   #2
tamertut
Newbie MoneySaver
 
Join Date: Jan 2007
Post Count: 1
Thanked 0 Times in 0 Posts
Default

I'm an IT consultant working under 'Managed Service'. I had a bad habit to postpone caliming my expenses via the payroll run by the umbrela company, and I have received no warning from the managed serivce/accounting company.

Now that it is the time or tax return, the managed service company is refusing to open back the closed payroll periods and thus refuses to process my expenses, and said that I can claim them back via my tax return.

When I calculated my tax return I noticed that the maximum I can claim back is the equivalent of my basic salary. For this case; my salary is almost 7,000 GBP while my expenses are about 15,000 GBP.

Is there a way to claim back these expenses via the tax return, or there is no other way to do it except via openning the closed payroll periods?
What can I do if the managed service refuses to re-process these expenses? I'm no more using their services and opened my own limited company.

I do not wish to postpone sending my tax return. Can I send my tax return as is for the time being and then recalculate it later?

Last edited by tamertut; 19-01-2007 at 1:14 AM..
tamertut is offline   Reply With Quote Report Post
Old 19-01-2007, 6:47 PM   #3
ismangil
Newbie MoneySaver
 
Join Date: Feb 2006
Location: Sheffield, UK
Post Count: 11
Thanked 0 Times in 0 Posts
Default Are Companies House Fees allowable expense?

I am self-employed with a partner trading under Limited Liability Partnership. Are fees to Companies House such as incorporation fee, filing fee etc allowable expense?



Perry
Debt: £7000 currently in 0% Halifax One card. Should be debt-free by 2009.
ismangil is offline   Reply With Quote Report Post
Old 02-02-2007, 3:55 PM   #4
chrissiewants2save
MoneySaving Convert
 
Join Date: Apr 2006
Location: Yorkshire
Post Count: 90
Thanked 14 Times in 11 Posts
Angry Incorrect Tax code-back payment

My husband has queried his tax code on many occassions with his employer and the Inland Revenue. To the point where he has told them everything in his power and IR have said his code is correct and the employer duly notified of the code.
They are now saying it was an incorrect code due to an administrative error when transferring his details from one tax office to another. They have records on file that he rang them. NOW they want back payment (as they do). My husband did everything that he could other than send money to them. After all, we expect them to be right when they say they are right.

Anyway- what complaints procedure can he go down and have you any suggestions how to put forward a reasonable argument that they will not dismiss, they must have certain criteria which may allow him to escape without paying- as they have done with the catastrophe over child benefits (or whatever it is called)

Please help/suggest. Many thanks, we can't afford a back payment of a reduction in his income to claw back the underpayment.



Chrissie



Must save time as well as money!
chrissiewants2save is offline   Reply With Quote Report Post
Old 12-05-2007, 12:09 PM   #5
lesnpete
Newbie MoneySaver
 
Join Date: May 2007
Post Count: 1
Thanked 0 Times in 0 Posts
Default

I am a married pensioner and need to know if i can claim a married couple tax allowance as well as my personal allowance. my age is 68 and my wife is 67 and we were married in 1960. any help would be much appreciated.
lesnpete is offline   Reply With Quote Report Post
Old 13-08-2007, 1:23 PM   #6
Linguistic Chimp
MoneySaving Convert
 
Join Date: Jan 2006
Location: London
Post Count: 95
Thanked 41 Times in 25 Posts
Question Employed AND self-employed?

Hi all,

I hope someone out there can help me. I have a full-time, normal office job where I pay PAYE tax and NI contributions on a salary of £26,500 .

But in order to earn extra income to pay off my debts (it's the only way it's going to happen) I have recently started freelance translation. So far I have only had one job, but it was worth £280...

I'm hoping to get other similarly valued jobs as the client who I have done this job for is impressed but I don't know where I stand re tax.

Can someone tell me what I should/need to do as regards the IR and how much tax or NI contributions I may be asked to pay?

Thanks!

Linguistic Chimp
Linguistic Chimp is offline   Reply With Quote Report Post
Old 29-08-2007, 5:50 PM   #7
catshark88
MoneySaving Stalwart
 
Join Date: Jul 2007
Post Count: 249
Thanked 476 Times in 190 Posts
Default

I am working as a self employed photographer. Can I claim the costs of babysitting for my child when I am out working at an event? I could not do my job without someone looking after the baby.

Thanks!



Current mortgage free date October 2016
catshark88 is offline   Reply With Quote Report Post
Old 15-07-2008, 7:30 PM   #8
quintetuk
MoneySaving Newbie
 
Join Date: Jul 2008
Post Count: 1
Thanked 0 Times in 0 Posts
Default how much income tax to pay

Dear sir

On a net profit of £25000 how much would be the tax at 40% for payment in January and July next year.(all expenses deducted etc)

Many thanks

Mohan
quintetuk is offline   Reply With Quote Report Post
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  


All times are GMT. The time now is 10:03 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
 Forum Jump  

Martin's Money Tips

Forum Etiquette
Pls be nice to all MoneySavers. There's no such thing as a stupid question, and even if you disagree courtesy helps.
Take care over copyright. Use excerpts and links rather than copying long text. This site asserts copyright on all comments posted on the board.
   
This website is based on journalistic research. It does not constitute financial advice. Any information should be considered in regard to specific circumstances. All tips are followed at your own risk and should be followed up with your own research . See Full Terms & Conditions and Privacy Policy. ® Martin Lewis and MoneySavingExpert.com. 'Martin Lewis' and 'Money Saving Expert' are registered trademarks belonging to Martin Lewis.