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I love the tax office!!!!! well MSE actually
Woohoo!!!!!!:rotfl: after taking advice from this website i challenged the tax i was paying monthly since August, I was made redundant before then but they haddn't taken it into account nor that i had relequished my Jag company car. My new either the tax office hadn't sent or my new company hadn't sorted my tax code out…
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Are you a Welsh MoneySaver fed up with your new council tax band?
Martin is doing a special Tonight with Trevor McDonald show on Council Tax Reclaiming and is looking for people to appear on the show. They would like to speak to someone from Wales, who ended up paying more council tax after the government reassessed Welsh council tax bands in 2004. So if you’re aggrieved that your…
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When is a staff loan a benefit?
Hello, might be an odd question but when is a staff loan considered a taxable benefit? I used to have a staff mortgage from the bank where I work which meant our rate tracked the BoE base rate (so if BoE base rate was 5.5% our mortgage rate was 5.5%) It was always classed as taxable benefit which cause year upon year of…
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Desparately seeking council tax reclaimers from Oxfordshire
Sorry, I know this isn’t a grabbit, but this is urgent, so please be nice! Martin is doing a special Tonight with Trevor McDonald show on Council Tax Reclaiming and is looking for people to appear on the show. They would like to speak to someone from Oxfordshire (or nearby), who used the check ‘n’ challenge system to get…
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Capital Gains Tax On Second Home
I saw a solicitor a couple of years ago who is according to the law society allowed to advise on tax law, trust law and wills and probate. I saw the solicitor to have a deed of variation drwn up on my grandmother's estate. While I was at the solicitors I asked him the following question - "If I purchase a house but do not…
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New tax allowance
Just wonder how many of us pensioners will be worse off when the new tax allowance is introduced. Personally, iI will be worse off every month since my pension is below 15k? Thanks
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Finance Confidential
Hi, I am being tartgeted by Streetwise & Fleet St Publications on how to avoid tac etc. The latest is the following link which I received as a mailshot. http://www.fspinvest.co.uk/Investment-Services/Finance-Confidential/Legal-Tax-Loopholes.html Is this company legitimate and are they genuinely in the business of wanting…
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Tax rebate without National Insurance number?
I worked in London last year using a New Zealand working holiday visa. As a nanny, my employers paid my tax for me (supposedly) and I never bothered to get a National Insurance number as I had heard it could be a real hassle trying to get an interview, in fact my sister did not manage to get an interview the whole 2 years…
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Understanding my tax bracket and the way it works
Hello 6 months ago i moved from a 14K job to a 22K job and am currently paying 22% tax and national insurance together on my paycheck. I'm currently on a 522L code, surely if i have the £5225 the percentage would be lower over the year? or would the change in pay effect this. Should i expect a decrease in tax monthly in…
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2nd Income as a Consultant
Hi, I have been recently offered the chance to do some consultancy work for a company which I would then invoice them for payment. I've no experience of this as I've always had PAYE wages. The total income for this work would be approx £2000 a year. Would it be possible to guide me in what I should do next, I really don't…
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how much to live on???
i am due to retire probably in august 2008, i will be 52, my annual pension should be £18,853 1. could somebody first tell me would i have to pay national insurance on this??? 2. i understand my tax code will be 5435, could somebody work out how much i will pick up net per month. keith
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CGT on inherited prperty
Wonder if you tax bods can just check what i have worked out is correct. My wife and her two brothers inherited a house 10 years ago which was valued at the time of death at £55,000. Due to one thing and another probate has just been granted (nothing complicated, just Father-in-Law playing silly !!!!!!s). They are going to…
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What Does This Mean Please?
My tax code is 503T - I looked up what the T part meant and it says: T if there are any other items HM Revenue & Customs (HMRC) needs to review in your tax code Can anyone explain what these are please? Thanks, Sally x
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Company car tax
Greetings all, I've just picked up my 'company car' and although i have to pay a monthly 'flex charge' which includes maintenance, my company pays RFL and Insurance, i'm still liable to be taxed. I get business rate miles driving anywhere other than permanent place of work. Does anyone have any experience on the amount i…
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Income tax - self employed
Morning all Having recently become self-employed, I would like to pay the charming Mr. Darling & his friends as little income tax as is legitimately possible (don't we all?). I understand that the 'IR35' law with relation to limited companies 'employing' my services has closed that particular avenue. Does anyone have any…
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Would a reasonably priced spreadsheet (excel) for tax returns sell?
I am not posting for personal gain, more for market research! I am really getting to grips with excel & was thinking of ways to increase income. If I was to develop a spreadsheet that people could use to work out their tax returns, 1. Would there be a market for it? or 2. Is there already loads of stuff out there? 3. How…
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are job "perks" taxable?
other than company cars, what job perks are taxable? and how? private healthcare? accomodation? Food? I know you can get a portion of your wage paid tax free in childcare vouchers. Eg if a hotel couldnt afford to pay a Manager 30k, could they pay them 20k + accomodation? How would this be taxed? I know for a hotel room its…
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2 & 3 Bedroom House in Same Street
In my Street and many around me all the houses are set at band D for council tax. However 2 out of every 5 houses is a 3 bed house. Surely all the 2 bed houses should be paying less council tax than the 3 beds. On doing the 1991 valuation my house falls just below £68000. I know for a fact that my opposite neighbour bought…
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Income tax & NI calculator for 2008/9
Hi Does anyone know of a online calculator for income tax and NI for 2008/9, or have the thresholds etc not all been annouced yet? I'm trying to work out if I will be better or worse off after April. Thanks
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Wrong tax code by HMRC
My mum who is 62 has just been informed by the HMRC that they have been using the wrong tax code " This underpayment has arose as the wrong code has been operated and the code operated did not include a deduction for retirement pension which is taxable. This underpayment will be colleted through a restriciton in your…