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Moving from Self employment back to being employed
I am shortly going to start a new job on a full time basis. I have being self-employed for the last 18 months (paying NI contributions etc..). Will I have to notify the Inland Revenue or will they receive this information from my new employers? Is there anything I need to do?
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NI & Tax on two jobs....
Hi I'm working 2 jobs at the moment, and I assume I'm paying National Insurance on both (I think I'm on emergency tax code too) I heard somewhere that you automatically get taxted 40% on your 2nd job.... is this true? If I am paying NI twice, is that right? If not, is there any way of claiming back any that I've already…
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Inheritance Tax and Privision for my animals
I live in a hovel in a tranquil location together with rescued animals. It is an ideal thrapeutic location for the two legged variety as well. I dont want to move away but have considered moving abroad in desperation as life is getting intolerable. To my astonishment I find a dangerous situation looming due to the property…
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working abroad and tax
confusing question!! lol My hubby works for an international company and works all over the world. whereever he works he normally gets paid in english money and taxed in the normal way. This time he is going to work in America for 3 months but will get paid in dollars how will this work with the tax man? Will he take his…
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Selling Bld Soc demutualisation shares
Never bought or sold a share in my life, so I was hoping someone can give me a steer on this - I have held on to shares in a former building society that demutualised - I'm not contemplating buying a small island - I just received the minimum allocation! I have no idea about the Income Tax on this (or is is Capital Gains…
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Higher rate tax and a sep subsistence question!
Hi all I'm employed and based at home for work with a company car as I travel approx 40K miles per year for work. I'm currently comtemplating another job offer or wondering about becoming self employed. These q's are sort of semi-related to my ponderings! What salary do you have to earn to have to start paying higher rate…
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escaping inheritance tax , is it possible?
Can anyone suggest a way that my parents can give me the house after they have passed without having to pay inheritance tax or at least minimum please?don't mind giving to goverment but they have really cracked down now. thanks
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Can I claim for my dinner
I am a lorry driver so it costs me alot to get something to eat, and I am sure I seen on here that you could claim off the taxman in certain jobs?. If I can, what do I need to do to get the ball rolling.
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Allowances for home based elf employment
Can anyone tell me waht else I can claim for working from home besides a proportion of heat and electricity? I have seen some people say a proportion of council tax but is that true and how much? I can se one uses more heating being at home to work but why council tax/ thanks
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How is my wife's pension taxed?
Hi from a first-time poster. I am 63 and retired, living on a private pension of about £14k. My wife reached 60 last February and has started receiving her state pension of about £6k. I have several questions relating to our tax position - can I apologise for my ignorance in having to ask them! 1. I don't think my wife's…
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Working abroad, signing on in uk, tax fraud?
Not sure if this is the right place so feel free to move it if necessary.ex h is developing a pattern of being on JSA for a few months then going to the uSA for a few months. I suspect he is working overseas to try and avoid the csa/legal costs then nipping back to play the 'poor me im on the dole' for a few months. Can…
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Claiming VAT back on laptop for work purposes
I have just brought a laptop for my wife. She will be using it 90% for work purposes. She is a teacher and will be preparing all her lessons on it. Can I claim the VAT back? If so, how do I go about this?
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Zero VAT Disabled Allowance Notice 701/7
For those of you that are disabled and or chronically sick there are Vat advantages you may not be aware of. Notice 701/7 from HM Revenue & Customs will indicate what is available, http://customs.hmrc.gov.uk. Basically if there are items you require to aid in your daily life that are specifically for you as a disabled…
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Payed no income tax - what happens ?
Hi, I hope this is the right forum as I couldn't tell. Ok I was paying tax normally last tax year and then when I started a third job I stopped paying any at all. I didn't notice at first because I don't check my pay slips and when I did I phoned them and they couldn't tell me why. Thye said they needed some code for one…
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Capital Gains Tax only one property
Does anyone know, so you still have to pay CGT, if the property you are selling is your Principal Private Residence and is the only property you own? My situation is that I did rent out this property for two 1/2 years when I purchased it, and have since lived in it for two years. From what I understand I will still be…
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Am I doing something wrong?
Hi everyone. Something is really bugging me. I started working for myself last March. I always knew that I would recieve alot of my work from one source (an ex-collegue who also works for herself). As it happens all of my work for the past 10 months has come from her and I have not needed to look elsewhere for additional…
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Can capital gains be offset by personal allowances?
Hi...I wonder if someone could clarify something re CGT...if someone has unused personal allowances, can this be set against taxable capital gains after the CGT exemption has been deducted/used up? or can capital gains only be reduced by the CGT exemption and any gain left over must be taxed (and cannot further be reduced…
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Taxing Times
If you don't hand your self assessment form in by 31 Jan, you'll be fined £100. Tax Accountant Tony Tesciuba, (who also happens to be my Uncle) has offered to answer your basic tax queries in the Chat Forum over the next few days. Why's he doing this? First because I asked him to, and he's a site user, and second because I…
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Checking NI contributions Online
Its there a way to check my contributions Online?, i worked 2 years in the UK without claiming taxback, is possible now to come back and claim the taxback rebate? Thanks in advance. Martin
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R40 Forms go where?
I have been given an R40 form to reclaim tax back from a savings account which deducted tax in error, but nowhere can I find where to send it back to. Has anyone had to fill in one of these, and if so, where does it go and how long does it take before the refund is made?
