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FAO tax professionals
HMRC request credit card statements. For those who have not seen it, especially anyone with investigations experience, your input on THIS thread on the Credit Card board would be appreciated. Thank you.
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do I have to send in a tax return?
This may seem a silly question but I'm young and inexperienced so just checking...I have tax taken out of my wages by my employers (I have two jobs), do I have to send in a tax return? I assumed self-assessment was for the self-employed etc, but after all the reminders in the media lately to get your tax return in before…
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Employed or Self-Employed
Please be aware. As a small business employer I have learn't a hard lesson. I had a driver who I thought was ok to take on a self employment basis as he only worked on an ad-hoc basis delivering my goods as I got orders. He had no set days or hours to work and he had to agree to the hours I offered him and only did so if…
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Taxman ... How will they know?
hi I was being paid PAYE for years and am now being paid gross through an agency via isle of man company, how will the IR know i am working?? What measures do they take to check?? Before anyone says this is avoiding tax, just look at the title of the website. And also re: not paying tax affects everyone else blah blah ...…
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Tax back on laundering uniforms????
I read a post on this before, thought I had saved it but cant find it. Can anyone point me in the direction of claiming tax for laundering uniforms, my daughter has also been told she can claim for shoes and tights does anyone know anything about this? She works for the NHS Thanks
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VAT question
My husband is a contractor - self-employed but working for a normal firm on a daily rate. Can he become VAT registered? He doesn't charge VAT as he is an employee (effectively) but earns over £40k a year. How does this work?
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Avoiding CGT on the Sale of a Second Property
I am considering selling my second property on which there will be a large CGT liability. I have the opportunity of purchasing a book from a very reputable firm of tax advisers which promises to show couples (married or not) how they can avoid this tax. The book contains lots of other things which is of no use to me and…
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Jsa?
i'm soooo closed to being finished with my taxes, finally but i can't seem to figure out where my JSA figures go as i was unemployed from april 6 2004 til may 24 2004 i don't add the amount from my p45 to my employment totals do i? (i worked for some PAYE companies last year as well as self employment) where does it go?
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Income tax for director
Hi Everyone I have been given a promotion to ops director and I am now named on companies house,of only two directors of a small company. I just wondered if this below is true or not in my case. A freind of mine claims I will not have to pay tax on the first £25,000 and thereafter I would then pay tax. Is this correct as I…
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Higher rate questions.
Tax is one area that I've not looked into properly yet. I currently have a salary that's a a few K below the higher rate tax point. It is possible that in the next year or two then I'll broach the threshold. Can you point me to a basic guide to income tax rules? Also, can I take some simple steps to keep my salary below…
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what all items can i claim my vat back on?
I am junior doctor working in the NHS and am paying up for my stationary , my GMC Registration, travel expenses on car etc. what are the items that I can claim back VAT for, from the IR. cheers
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starting tax self assessments?
Hi All I wonder if anyone is anyone knows any more information on this.. My mate has just begun taking on specialist freelance work as a sole trader for his full time income after quitting his PAYE job. He dropped the taxman a line to register as self employed, and he is not overly familiar with self assessment, to ask…
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leaseback/VCT/EZPT schemes
Can anyone explain these to me in an extremely simplified way please!!! My husband's investments in lots of these are causing a big delay in my divorce proceedings cos his side don't seem to be in agreement with my side as to how valuable they might or might not be. I'm in the middle of it all and don't have a clue…
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Offshore company: any tax advantage?
I am thinking to set-up a company to sell services. Customers will be in Europe mainly (mostly not UK) but all transactions will go over the Internet anyway. One possible form to set this up is via a UK limited company (good to keep separate personal assets), but I would like your opinion on offshore companies. These type…
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Cgt,tax,letting,school Fees
Hi I Let 3 Houses Which Gives Me An Income Of £16000 A Year With No Mortgages. They Are All In My Name And I Wish To Use This Money Purely To Pay For School Fees For My 2 Children Aged 6 / 8 That Total £17000 Per Year. Can I Transfer The Deeds Into Their Names Or Create A Trust And Manage It, Any Thoughts Would Be Welcome.…
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Employer switch & car benefit messing up income tax! Confused!
My parnter formally worked for a company where he was given a company car half-way through his employment with them BUT they messed up the paperwork and now we've been sent a bill for £1006 AND Car Benefit is listed on his PAYE Tax Code Notice even though he has changed employer :eek: I've looked over all the tax papers we…
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sold my 2nd house, tax help
sold a 2nd house i had as it was loosing me money. i sold the house for the same amount as what i bought it for therefore i didnt make any profit. do i have to tell the inland revenue? (i have to do my tax self assesment)
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Section 352
Each year I gather together my Section 352's and work out how much interest I have earned and then fill it out on my self assessment form. However this year I have opened an account with Hi Save ICICI. They say they do not provide these forms as they are an internet bank with no paper correspondence (except for the initial…
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Probate, Inland revenue and house sales
If anyone can offer advice please do so. In a house selling chain, at the top sits a lady who lost her husband some time last year. She was selling the house last summer but it all fell apart because of some requirement between probate/ revenue etc. We only joined this chain in December. Everything was then allegedly in…
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Is an Accountant necessary...in this case??
Advice please!! Do you think it's possible for a self-employed entertainer like myself - who goes out and does paid gigs - to deal with my taxes and self assessment on my own, or do I really need an accountant? THANKS DAN p.s. Where do I find out what I can clain for, and what I can't?
