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Is there anyway he can pay less tax?
hello, my partner works 62 hours a week as a mechanic (for a measly wage) is there any way that he is entitled to a reduction in tax because of how long he works for. I don't think its right that he works all the hours god send when joe bloggs down the road can work half the amount of time in a less skiled job and he still…
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Overseas Worker
I work for a UK comapny and am paid into my UK account monthly. I work in Italy for this company during the year and return only between beginning of October and mid December and mid April through to mid May. Does this entitile me to a tax rebait or am I at the mercy of the taxman on this one..
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Tax on Children's savings accounts
All, As children usually don't use up all of their tax allowance I assume that they're not taxed on interest accrued from banks account held in their name. Is that correct? I can use a bank account in my child's name to avoid paying tax on the interest? Thx,D
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Isle of Jersey.
Is everything really Tax Free out there? I.E. I noticed Tesco Jersey was cheaper than normal Tesco Extra and read into it a bit more. Is it really that simple?! Obviously shipping something out of the UK means it's tax free - i.e. if I shipped a mobile phone from the supplier direct to Jersey, VAT off?!
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Capital gainsTax
I split with my husband 2 years ago and we have come to an agreement on the sale of the house. He says that i will have to pay capital gains tax. I have a mortgage of £42,500 and a secured loan of £25,000. I am hoping to incorporate the loan into a remortgage ( i couldnt do this while my name was on the first mortgage) and…
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Building a wall before I move in
Hi I've just bought a new house and have heard that if I get any further building work done before I move in I don't have to pay the VAT on it. I'm thinking of getting a wall built. Does anyone know of this scheme or how to claim the money back? Thanks in advance
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Childcare Vouchers
Does anyone know why childcare vouchers have become the governments best kept secret? Are people aware of how much tax and NI they can save by persauding their employer to implement them?
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Claiming a portion of your mortgage for working from home
I have my own business, and I do a bit of work from home. I have a room set aside in the house solely for this. What are the rules etc for claiming a portion of your mortgage as a business expense?
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Cheap Bikes and Computers saving tax
Not sure how well advertised these 2 government schemes are but I have just come across the "Home Computer Initiative" and the "Bike 2 Work" schemes. Both of these operate through salary sacrifice which results in you not paying income tax and national insurance on the instalment amount. The scheme is run by your employer…
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VAT Childrens clothes
My daughter who is twelve years old, has size 9 feet and in a dress size 10, she is also fairly tall. For the past 4 or 5 years she has been classed as wearing adult clothes and shoes, even school shoes. I have therfor had to pay VAT on all her clothes and shoes since she was about 7-8 years old. Is there any way I can…
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Offshore Funds to Onshore funds
Hi all, Can anyone point me in the direction of any sites, jornals, books dealing with moving offshore funds to the UK. I am currently resident and domiciled in the UK, although i was domiciled in canada as thats where i was born. I can give more details if necessary, but just want a starting point Many thanks deBeast p.s.…
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Opt out of PAYE
Silly question...but is it possible to opt out of PAYE (ie pay the tax and or NI due in July/January like a self-employed person)??? I'm employed through 1 fixed employer at the moment, and just thinking about it from a cashflow/stoozing point of view.
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being limited downside ...everyone can see your accounts??
thanks to those who helped with info on limited company. my dad says that he sees another downside to being limited and that is that everyone sees your business. i am not sure how this is really a downside. he seems to be saying paying 40% tax might be better than having everyone view his info! any tips to help him would…
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Best way to 'Give house to kids?'
some advice please, I want to know the best way of signing over, giving or selling our house to our children so as to avoid any tax penalties if possible, thanks
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national insurance - ltd co
I am a director of a Ltd Co, and have a query as to why I am not currently being credited with pension credits by the DSS? I believed that, even though I do not pay NI contributions because I am below the earnings threshold (I take most of my profits as dividends), my state pension account should still be credited? Many…
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National Insurance (Self Employed)
Couple of quick questions if I may "Thanks Wifey" firstly regarding NI. I appreciate that I will be paying Rate 2 (£2.10 / week) & Rate 4 (Various %'s), but do I need to pay additional Rate 2 for example to cover the missus. And second question, Tax. I am married so do I class my personal allowance as the married couples…
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Pensioner tax help required
I have a relative has recently become a widow. She has been trying to sort out how much she is going to live on. Unfortunatley the tax system is too confusing and we need some help. These are the amounts she has been told she will be receiving: £144.24 State Pension PER WEEK £340.49 Husbands company pension shes entitled…
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audited accounts...and not needing it if shareholders dont want them...
can anyone help with this: "You are unlikely to need "audited" accounts which are only required if the shareholders want them". thanks in advance.
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what are the costs of setting up a
limited company. 1) buy off the shelf 2) audited accounts 3) any other regular things that need to be paid for also is there any additional paperwork to be done? and what would this be? thanks in advance.
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40% tax payer with own business ..how to be more tax efficient
my dad is a tax payer at 40% on his business. I believe that there is a more tax efficient way of doing this which is maybe to set up a limited company - though i do understand that this complicated the paperwork too with audited accounts and this can cost more too - and pay oneself dividends. can anyone help? my dad only…
