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Cutting tax

Archives for April 2006

Think I could be entitled to a tax rebate?
Hi, I have a q about tax rebates. I am an employee so on PAYE. I was just thinking something over after speaking to a friend and I have dug out last years P60. My earnings were £13881 and I paid £1766 tax. However I work out the following: 0% on £4895 =£0 10% on 2090 =£209 20% on remaining 6896 = £1379 Total tax due £1588…
working abroad ? how does it affect my tax
as the title says really , I'm self employed , paid by a uk company , a tax payer ,own my home in uk but rent a house in Ireland....... but for the last four months and probably at least the next five-six months have been/will be working in ROI , someone mentioned that if you are only in the country(uk) for less than 90…
Problem with self assessment online - ID???
Hi, For the last three years I have filed my tax return online using an ID NUMBER and my password. For some reason they don't work this year. Any one had this problem?? I can contact the helpline tomorrow but just thought someone might have suffered this problem. Cheers
a quick question re tax and an OAP
my mum is 79 and is a widow , she receives her normal old age pension and also a couple of small careers pensions that she paid into both around £40 a month each she also receives a pension from my departed dads work that should be about 235 but she actually gets about £180 after tax, her other pensions are also taxed. she…
self assesment
hi; everyone i have been self-employed for five years does any body know how long i have to keep previous years accounts for. thanks:beer:
Heres a darn good CGT question !
Hi all, Myself and my wife (who is Turkish) have been living outside the UK ( in Turkey ) for the majority of the time since March 2005. ( Please see table of Entry and Exit dates according to my passport.) I own three properties in the UK which I bought over the last 15 years the last one being just 2 years ago. I have…
non-domiciled?
I was trying to search for precise definitions for "non-domicile" but couldn't find any definitive ones. What requirements must one meet in order to be acknowledged as a non-domicile? I wasn't born in the UK but I am a EU citizen who spent the last 8-9 years in UK (studying and now working). I do not know whether I will be…
A few questions before I start business
Hi peeps, I now have an ebay business on the side (proper retail stock etc etc) and I am estimating the profit would be £500 per month. Not a lot but it helps me get rid of my debts. Everything is above board, invoices etc etc But obviously, I , like everyone want to avoid as much tax as possible. Now I do GENUINLY have an…
TAX relief
Now a higher tax rate payer i would like to invest my 'surplus cash' each month so that I can claim my tax back! I have heard about SIPP's which seem like a good idea although the money is tied up until 50(55)+. has anyone got any information about other ways- in particular any that can allow some sort of access :confused:
tax allowance
Hi, my neighbour has asked me to post a question for him re income tax. They are a married couple - both retired. The husband Pays quite a bit of tax on his pensions but his wife has a small pension of £51 a week so doesn't use up her allowance. is it possible to transfer some of her allowance to him or vice versa to save…
Capital Gains On Inherited Investment
Hello there, Back in 1997 my great grandma died and left about £45k to my dad. I was 18 at the time. He bought a house and put it in my name to avoid tax on himself. The house needed work and it has been worked upon on and off over the years. Now the years have passed and I bought a house with my fiance last year and we…
VAT annoyance
Hi, Can anyone tell me whether vat should be applied to each individual item on an invoice or on the sub-total of all the items? Because of rounding, these amounts can differ considerably if there are a lot of items on an invoice. I find it continually annoying that company's vary in this and I would like to be able to…
Moving Abroad
I realise that a visit to the Tax Office will be required nearer the time but was looking to see if anyone can give me a rough idea of how to deal with tax issues when moving abroad. Unfortunately it's not me but my father who is moving to Tenerife in January but is currently self employed. I normally deal with his tax…
Lambeth merger bonus
This could be an hypothetical question but hopefully it's not and the proposed merger will take place. My qualifying status to the above is in the form of an I.S.A. which I hold with them, I received info. from them today outlining the possible bonus which in my cicumstances is £400 subject to deduction of lower rate tax.…
Working Offshore
Im new to this forum so be gentle. Im finishing my degree and have a couple of offers of employment, working offshore in the Hydrographic Survey industry. This involves working offshore for 6 mnths of the year. There have been various rumblings from the graduates working there who graduated last year that they are…
Property Capital Gains Tax Calculator
got this through. might interest some moneysavers so thought will post this. i am in no way connected to this company. just thought might interest someone. from https://www.taxcafe.co.uk Hello, Just a quick email to let you know that we've just released Version 2 of our popular Property Capital Gains Tax Calculator. The…
capital gains tax
i have bought and lived at my present address for 20 years but soon i am due to go and live with my fiancee and i am lookin to rent out my place for around 5 years and then sell it. how likely is it upon selling that i will incur capital gains tax bill?
Training costs?
Hi We have a property maintenance Ltd company, and my husband wants to become qualified as a gas engineer. He is planning on doing a course which will cost £2000 :eek: Do you think we could put the cost through the company to go against our tax? Thanks Sue
Paid in wrong tax year
My employer had problems calculating my commission for the first 3 months of this year and only resolved it this month in time for the payroll, I now have written confirmation that I will receive monthly payments in the future. Now I have been paid my outstanding commission (approximately £5k) in one lump sum but of course…
Paying tax return
Do you pay as soon as you can or do you wait until January ? I sent off my self assesment and put away the funds each month from my wage so i have the money ready to pay straight away. I have now been advised to pay in January as if i pay now it "might" arouse suspicion as "no-one pays early". Just wondered if any of you…

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Cutting tax

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