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Cutting tax

Archives for November 2007

Benefits in Kind
I need some help with one my essay on taxation and I can' find any specific info on the web: I would just like to know if car tax and insurance is a taxable benefit?
Council Tax appeal...what next?
i moved into my current house about 18months ago and started paying council tax on band E. After some investigating and thanks to this site, i found several properties identical to mine (albeit some with extensions or largers garages) were paying band D. These properties are all within 250m radius, so they're very close. I…
being taken to court for unpaid council tax, HELP!!!
ok, I'll try and explain this the best I can, basically I am being taken to court by Liverpool city council for unpaid council tax on my current residence; but feel I have a defence and mitigating circumstances, so anyone in the know please help the story goes; me and my gf moved into our current place on the 18/07/2007,…
Tax on chargeable gain
Jimmo, Your advice re. this subject: Newly retired, Chargeable Event Gains (which are not Capital Gains) are chargeable to tax as an addition to your taxable income and are regarded as the top slice of your taxable income. Top slicing relief only works for people who would have been liable at basic rate only if they had…
Asking Price vs Selling Price in 1991
Hi all, I'm still trying to get my 2-bed flat's band down from F. I have 'proposed' C. Anyway, my next tactic is to go to the local history library this afternoon and look at the property section from the local paper in 1991. Does anyone know what the rough average selling price compared to asking price was in April 1991?…
something wrong in payslip help
Hi I ve got problem with my pay I'm working for one of the biggest retailer (every little helps)... I work there 4 months and have tax code 522l wk1. First month I ve had br and i'm still waiting for overpaid tax... TAX CODE : 522l wk1 taxable pay: 1785.57 tax: 283.22 ni ess: 152.40 accomodation: 320.00…
Confused Over Cgt
My mother has just passed away and it has now highlighted a problem for when my dad goes. our situation now is that my dad owns half of his own house, i will own the other half left by my mother (yet to be sorted). my dad also owns the whole of my house that i live in and this is where we become liable for cgt. dad bought…
VAT flat-rate scheme
Quick question about how flat rate VAT works. Yes, I know I probably need to seek proper advice from an accountant, but I'm impatient.. I turn over about £40,000 a year (not VAT registered). My only substantial costs are train tickets which are VAT exempt. The sector I work in has a flat rate of 11%. By my reckoning, that…
tax code reduced from 522L to 222L help !!!
hi wonder if someone can help... OH is an electritian and uses a works van for work only not personal only to and from work.... he recieved a letter today saying his tax code for 07/08 has been reduced to 222L from the basic 522L i dont understand how this works anyone know please im worrying about being able to meet all…
Do I need to pay Student Tax for the 20 days between Courses?
I am currently a student and I understand I am exempted from the council tax. Recently, I got a letter asking me to pay for council taxes. Am I liable for council tax between courses? I finished my postgraduate course approximately on 10/09/2007 and did not officially start a new course until 01/10/2007. Would I need to…
Tax for Mum
The family are in the process of selling a plot of building land ,50% belongs to my Mum who is 76 years young.What are her options in respect to the sale and how can she reduce the tax burden .
Company car dilemma continues
Still can't decide whether to take company car or allowance yet. More accurate figures are as follows - Car allowance of £5k gross per annum or a lease car up to the value of £322 per month. Higher tax payer and getting 13p per mile - though not anticipating a high business mileage and private mileage of 60 miles a day.…
advice sought- reclaiming tax on employment registration
as a qualified social worker each year i have to pay a registration fee of £30 in order to practice. when paying this fee social workers are advised that the £30 is tax deductable. however no advice is given on how to do this. could someone please advise me how to do this, or point me to a resource that explains the…
Tax Bill Nightmare!
Hi, My husband and I are both Self Employed so we are both awaiting that massive bill that arrives just after Christmas, normally we are prepared for this but this year my husband has been off work due to an accident for almost four months and so we have had to dip into the savings. Because of the accident my husband lost…
Union payments tax free - How can we claim back the tax?
Hi, my wife works for the NHS and she had a letter through a while ago telling her that she could claim back some tax as her union payments are now taken from her pay packet pre tax and are now non taxable. We were advised to use a company to help claim back the tax for the last 6 years but they want 40%. My question, is…
Changing accountant
Hi, I'm 27 years old and am new to running a limited company, after having done all my own tax returns as a sole trader for the past 3 years. I don't know much about how running a limited company works, so I got myself an accountant and a copy of Sage Instant accounts - which I'm steadily getting to grips with despite no…
How can I estimate tax refund?
A colleague of mine is moving back to his home country. I assume he is entitled to a tax refund and have sorted out all the relevant forms for him. Is there anyway I can calculate how much he will receive back from the tax man?
Home working tax benefits
Hi, I wondered if there are any tax benefits to working from home. I work for a local authority and work from home on average 4 days per week, with 1 day in the main office. I am obviously using electricity and gas when at home, so wondered if these costs can be offset by some kind of tax allowance. My employer has said…
Council Tax rebanding advice required please?
I want to appeal against my council tax band. Having just moved into a new build property it is difficult to judge how much this property would have been valued at in 1991. Does anyone know where you can source property prices in 1991? Please advise if you can. Thanks
Calculating Capital Gains Tax??
Hi, For reasons out of my control I am going to be forced into selling approx 14k of shares in March 08. My partner is in the same position and we are both worried that because we are having to sell this amount we are going to get stung on CGT. The 14k will comprise of approx 8k profit which i believe is under the…

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Cutting tax

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