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Trying to lower council tax band
I moved into a flat in March and have just received my first council tax bill. They've put us in band C, which seems high compared to the size of the flat and the fact my previous flat was in B. I appealed on the VOA website and received a letter. The letter was in two parts. Part one said the appeal was invalid because I…
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Tax Refund- Cheque or Tax code change?
Please can someone provide a definitive answer; Can the Taxpeople lawfully refuse to issue a cheque for a rebate which is owed as a result of an individual not previously claiming professional subscriptions and a Flat Rate Allowance? Instead, they are changing my tax code to benefit myself in the future. The sum involved…
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Need Advice - Company Car
I need some general advice please. I work for a smallish company which employs aprrox 22 people. I have been with them 5 years. I have a company car being a 2001 vauxhall vectra - 1800cc - petrol. I want to know if i should continue with a company car or lease or buy my own. My boss said its my choice but don`t know where…
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Capital Gains Tax On FX Moves
Hi All, Does anyone know what the UK situation is on an asset (bond) bought in a different currency and sold for the same price it was bought but yielded a large profit (>10K) because of FX moves? The price of the asset did not change - The profit has been purely down to FX moves when being converted back to sterling Thanks
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Tax on selling second home?
I have a flat and house. I live in my house and my flat is empty. I want to sell my flat and rent out my house as I plan to move to another city where I will rent. How much Tax would I have to pay in percentages if I sold my flat? I could move back into my flat and live there for a period of time if this meant it would be…
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£100 fine when I sent my return!!!
I just got a Construction Industry Scheme Notification of Charge and Notice to pay for £100. I sent my return on 5th October - in plenty of time for the deadline of 19th October. My cheque was cashed on 15th October. Because you send the cash and the return separetely - cashing the cheque is not proof that I sent the…
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Claiming tax back - now a student
Hi. I started the tax year in April in my job, but left it on 5th September 2007 in order to start a PGCE course for the year. Just wondering if I'm elligiable to claim tax back, and roughly how much? I've got my final pay statement and here are the details: Salary: 22,259 Pay to date: 9949.82 Tax paid: 1479.68 NI Cont:…
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A couple of SA questions.
06-07 in my employed job i earnt 29,129. I had tax code of 503L. I also had interest of 1562 which i was taxed on at 20%. Im also registered as self employeed. What amount could i have earnt before i have to pay 40% tax on my self employment? Starting rate 10% 0 - 2,150 Basic rate 22% 2,151 - 33,300 Am i right in thinking…
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Company Xmas Gifts And Xmas Parties
Hi I am the Director of a Ltd Co and the only employee of it too. I have a Secretary (who I do not pay as he is my OH). Am I able to give him a Xmas gift, chargeable to my company? If so, what is the limit for this? My next question is the Xmas Party. Am I able to claim "per head" for a Xmas party for myself and him?…
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Should I be doing anything?
Hi, I started a new job about a year ago now, which put me into the High Tax Band. So I am now paying 40% Tax on my earnings. But how do they know about my savings? I have my ISA but other savings I have, have been getting interest. Do I need to declare this? I am about to put all my savings into my Wifes accounts who soon…
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When the 10% band is only available for 'unearned income'?
Does anyone know how this will be put into effect for anyone who: a) Having an earned income greater than the personal allowance of £5335, and b) Having some savings on which they would pay 20% basic rate tax, if c) they are only required 10% tax on a slice of unearned income? The 10% band is staying, as I understand it,…
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where to adjust profit for stock.
Hello. Im just doing last years SA, the previous year a friend who is an accountant did it for free, but they are currently away and it seemed easy to do. :D 05-06 we valued closing stock at £2000. I can't remember where this was filled in on the online form, or if it was just deducted from the expenses. I think it was…
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Is my girlfriend due a tax rebate or refund?
Hi, My girlfriend moved to the UK and started working full time (and, of course, paying tax) in July 2006. She has been working from then up until now. She'll be leaving the UK at the end of November and probably won't be back until February. My question is, is she entitled to some kind of tax rebate/refund (I'm not even…
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Selling all/part of my Property Investment Bond
5 Years ago (on early retirement) I invested some of my lump sum in a Property Investment (With Profits) Bond. I now need to payoff some or all of my remaining mortgage to max my monthly income. However I need to understand a few things; 1) I assume CGT is applicable on the gains 2) If so, I assume the 'gain' is calculated…
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Please help - higher rate tax on will inheritence, panicking
Probably not the right place for this thread, but I am at my wits end. Just had the final tiny installment through of the money I received (£5k in total) on my grandma's will. However, along with the cheque, the letter says: 'Tax has been deducted at the ordinary rate. If you pay the higher tax rate then you will need to…
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council tax rebanding help needed
hi im trying to work out this council tax rebanding to see if i can claim any money back..... we are in a band B as is most of the street and we paid £95000 for house in june 2004 ( ex council house ) if i use these figures it comes up as [FONT=Verdana, Arial, Helvetica, sans-serif]A property located in UK which was valued…
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Copy Of P60?
Hi need my 04/05 p60 but cannot find it:mad: Employer at time no longer exists, will tax office furnish me with a copy? many thanks
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Tax on second job
I'm really keen to start a second job, what would be the situation re: tax. At the mo I'm a twenty percnet tax payer.
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Council Tax are taking me to court?
Good Morning everyone, I have just recieved a "court order" and am, well, slightly worried. I am a student and through my own incompetencies forgot to send the letter off stating that I am a student. They are now taking me to court over a piece of paper. What should I do? Thanks and sorry if this is in the wrong place.…
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Car insurance for business use
Hello, We require business class one on your car insurance to be able to claim back mileage for work however work won't compensate us for the difference in cost. Would we be able to claim the difference between Social domestic, pleasure and commuting and business class one? Thanks Gary
