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Withholding tax on royalties from New Zealand
If a UK company has made losses in the year can it recover the 10% withholding tax on royalties from New Zealand? Does it get a repayment, is it carried forward or is it dead money?
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Gift = inheritance tax or capital gains?
Hi hope someone out there can help. I bought my mums house for her (from Scottish Council) 3 years ago, but it was all done in her name, however, at the time of buying, I drew up a minute of agreement with her and family solicitor stating that house could be transferred to me at anytime I requested. Mum now ill in care…
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I have a Tax Debt , Help Please
Hi Well when you think everything is starting to sort it self out then bang another little problem comes speeding down the road to pants town!!! Let me explain my story ........ In my last job I had a company car, great. but when I filled in my self assessment for my tax I did it wrong, (Yes I'm stupid) . Now I owe the Tax…
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About to go over 40% tax bracket by £1000 - help on how to avoid it
Hi, I will at the end of the financial yr go over the 40% tax bracket. I don't want to go over it and risk getting a tax return. Last year I managed to decrease my hours and aviod it that way, but this year my employer won't let me do that. Has any clever soul got any other ideas about how I may be able to stay below the…
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first timer Taxback enquiry
hi there people, i have been working in the uk for 1 year, and im leaving the country in two weeks, is there any chance still to claim my tax back? i worked 20 hours p/week.....what kind of documents i need? can you give any usefull website or past thread? i forget to say that i have the p45 from my former employer. Cheers
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Can I put part of bonus into pension to save tax?
Not sure if this is a tax or a pension question so I'm going to post it in both forums. It's looking possible that I might qualify for a bonus this year and rather than take a 40% tax hit I'm wondering whether it's possible to have part of it paid into my pension 'tax free'. If it is awarded it will probably arrive in the…
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Inland Revenue Tax Enquiry!
I am in the unfortunate postion of having a tax enquiry! I have sent off all the information that they have asked for, although unfortunately I managed to lose a couple of receipts when I photocopied them, but I did have to photocopy over 100! What happens now? Although I have been straight with the revenue, I am…
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tax advice - not straightforward!
need some advice... Is it possible to speak with someone in the tax office so i can discuss how to complete tax returns? Its the first time I have to do one and its not as straight forward as it could be! How can I arrange it?
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Salary & Tax Calculator
Can anyone please recommend a free downloadable salary and tax calculator? Thanks Wizzer
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Filling a tax return
I have just retired from my job. I received a tax return to fill asking how much I was earning a week and my savings. If I do not fill in, I might end paying too much tax. I want to ignore it as I do get much from my work pension, I cannot see them taxing me too much on tax. I have got some savings, do I have to declare…
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what happens with my 75k ?
I am thinking of putting £75k into a high interest instant access account prior to using it to buy a property. Will i rouse suspiscions of where it came from? Will i pay any tax on it? Any ideas?
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making a loss
dont know if anyone will be able to help me, but last year was my first year filling out a tax return form. this went well, but i made a loss (i work full time and run a little part time therapy business) and this business made a loss. because of this i got some tax back (nice!) but this year i KNOW i will be making a…
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Business Expense Claims in the UK
Hello, Are original receipts required when submitting business expense claims to the IR in the UK? My company has a hideous expense reimbursement system and I'm looking at suggesting some improvements. One of these would be to boycott the postal system and post our receipts and claim forms electronically on out intranet.…
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capital gains tax on half share of house
ex hubby buying me out of the marital home. ive lived there for the five yrs we split and divorced. we have a child and he buying my share for £60,000. question is will he be liable for any capital gains tax and if so how much.. will check this out legally but just wondering if anyone on here in the meantime got any…
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Moving house - tax back on wooden flooring?
Hi, I'm due to move next month and have just purchased £800 of wooden flooring for the property. I have been told by a friend that I may be able to claim the vat back as the flooring is for a new build. Can anyone confirm/deny this and how one goes about getting the vat back is it is true. Ta
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Any Tax Perks for Renting out a House
Hi Please can anyone offer me some advice, my boyfriend rents out his mortgaged house are there any Tax benefits he could be claiming for doing this i.e, building and repair work general maintenance etc., thank you in advance for any help and advice you can give me
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student tax enquiry
Iwonder if anyone can help. im a little confused as to wether i am entitled to cliam back tax ive paid. i worked for 15 months form late june 04 - to early september 05 - on a full time sadwich year as part of my degree course, which i must do. i earned after tax £792 per month. i paid both tax and N ational insurance. I…
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Can I avoid getting a tax return?
I know this isn't exactly the most interesting of q's your likely to see on MSE but I've been scouring the Internet with no luck so far. Hopefully there's someone here with the right knowledge & kind enough to help... This year my salary went just slightly over the higher rate threshold. But if at all possible I'd like to…
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Earning and the Inland Revenue
I have just recieved a letter from the Inland revenue, asking me what have I been doing for a year and do I need to declare any earnings. I am a stay at home Mum but for the last few months I have done a little self employed job earning between £10 and £14 per week. Should I claim that? or do you think I will be laughed…
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tax refund agencies
I have recently come across "Tax Buddies" who offer to check if you are due a tax refund if you do PAYE. On closer inspection it seems they take a whopping 40% of any refund given. Are there any better ones or is it better (but easier??) to approach Inland Revenue direct?
