-
P60.. working out my tax...
I've just got my P60 and was double checking i!!!..... my salary for last year was £20,705.90 so I paid £3,226.52 in tax. I was just checking this, but I work it out as I should of paid £3,018.20 in tax. £20,705.90-£4,895(personal allowance)-£2090 (10% lower tax band) = £13,720.90 to be taxed at 22% = £3,018.20. Are my…
-
Filing a US Tax Return, need a little help. !!
Hey Guys Have a strange request here thats not related to UK tax issues but hopefully some advice is out there nonetheless. I am married to an American Citizen and will be moving out to the US very soon ( hopefully ) and at the moment she is filing a Tax Return with the IRS over there so she can get a sizeable rebate , she…
-
Change of Employment
I wonder if anyone can come up with an answer to this one?? The company I worked for has just been taken over. We all transfered to the new company no problems, except that the old company paid every 4 weeks, as does the new one but the tax years are different. Consequently, we recieved our p45's that showed we had been…
-
NI reclaim
Can anyone please advise me on how to go about reclaiming the National Insurance? I've had a second job for past two years and paid NI through both my employers (through PAYE) simultaneously. Is there any possiblility to reclaim the amount? Are there any informative websites available? Please guide me. Reagrds, AA
-
Tax on Pensions query
Hello, My wife and I have both received our tax coding notice for this coming year. Mine is: 203P and hers is K22. I've tried looking on the inland revenue website for explanation of my wife's code, but to be honest I am pretty confused by what I have read on there. We are both aged 65, have simillar local authority…
-
P11D wrong - employers useless...
My employers have issued a P11D (taxable benefits thingy) for me for the last three saying I recieve a medical benefit I don't recieve. Despite numerous phone calls and letters they still have not corrected this nor supplied me with a copy of the P11D's. Anyone know where I stand on this? Surely they are legally obliged to…
-
SA form p60 and pension contributions
Hi a quick query please. My husband has always paid contributions directly from his pay to the plan so the figure on the p60 for taxable income has always reflected this. He has moved employer but has contiuned to pay into the same pension plan directly from his bank account instead as it was one of those pensions you…
-
Payments on account?
I'm self-employed, and I didn't work in 2003/04 but in 2004/05 I earned about £10,000. When I paid my tax bill in January 06, I obviously paid the tax for 2004/05 and the first payment on account for 2005/06. At the time, I wasn't sure how much I was going to earn in the next few months, so I didn't ask for my payments on…
-
VAT help
Iam thinking of registering for VAT (not by way if income,just to recoup some of the money). I had a shop, but that has nowgone and Iam selling items as and when I can (Iam still registered S/E), can I back-register for VAT for the period I had the shop ?, if so how far back can U register,and how long do you need to stay…
-
Tax payable on Unit Trusts for non-residents?
I'm a UK expat living in the Netherlands and am no longer resident or ordinarily resident for tax purposes in the UK. I would like to buy some Unit Trusts/OEICs from one of the online discount brokers in the UK (ISAs are no longer allowed for non-residents). My UK savings account now pays interest gross so I'm wondering if…
-
Tax Return done already!
Am I officially the sadest MSE member today?? I've just submitted my 05/06 tax return online. Phew :j That's one less thing to worry about :D lex
-
Money gift from abroad- tax implications?
My partner grew up in South Africa, but now lives in the UK and holds a British Passport. He is currently visiting his father in Swaziland, who proposes to make him a gift of around £10,000. He has asked me to enquire whether he will have any problems with this- what the tax implications are etc. He plans to use around a…
-
Mileage question
Hello, I'm newly self-employed (working from home) and each job I do involves travelling to a client's home. My question is: My mother 'gifted' me a car a few years ago which I now use for work, however she has also always paid for its upkeep (services, m.o.t, tax & insurance), I'm spoiled I know :o I did ask an accountant…
-
Capital Gains Tax enquiry
Hi there, When my elderly father died after a long illness, my mother decided that she wanted to arrange for their home to be transferred to me and my sister. She was worried that if she had a long illness in the future thehome that she'd strived for all her life would be lost to nursing home bills etc. The solicitor was…
-
tax relief
for Proffesional subscriptions, anyone got any advice how it works ? Message me if you do. Thanks.
-
capital gains tax
Hi there I bought a house in 2002 for 57.000 lived in it for 1.5 years and moved to live in london in (work accomodation)with wife. I only own this one house rented the house for 2years now and not sure if/how much i pay capital gains on it if I sell after 3years renting. house is worth 140.000 now thanks
-
Tax help and advice please.....
I'm looking for a little or perhaps not so little advice. I retired from work in 2002 on ill-health grounds, when I left work I had a pension which was made up of an ordinary pension, plus an ill-health element. The ordinary pension is taxable, but the ill-health element is non-taxable, now because of the ill-health…
-
Council Tax SIngle Occupany Discount
A colleague of mine has started renting a house on her own (with a child) and I think therefore she is entitled to 25% discount from her council tax. She has approached the council about this and they have asked her for every detail imaginable - bank accounts, wage slips, statements etc. Is this normal? She is not seeking…
-
Private Ltd Co to Permanent
Can anyone offer any advice concerning winding up a Private Ltd Co. I have been offered a Permanent job and need to therefore wind the company up, is their a 'best' way to do this. How can I get a maximum benefit financially from this (new house to buy as job is long way from present one).
-
Luxemburg - tax haven for shares
i read with interest that luxemburg is a tax haven with regard to people who pay themselves dividends from shares. is this definitely the case and how does this work? can you have shares in the uk but somehow invest them in luxemburg? thanks in advance.
