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Artic systems-does this apply?
can some clever person explain if the Artic Systems case with the income splitting is relevant to us and if we will get away with it-my hubbie is self-employed oil worker and i do his books, invoicing expenses etc. i don't have any other income. Someone told me it was dodgy and that the HMRC would still look at it ona case…
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Tax refund?
My husband left his job where he was a 40% tax payer at the end of November. Since then he has registered self employed and earns less than half of what he did last year. When we complete the self assessment will this pick up on the fact he is no longer a 40% taxpayer? would we be owed any tax? if so do we need to claim…
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really confused with my tax situation
hi please can someone help me here i earn 38k p/y and have a co car benefit of £3.5K, i can potentialy earn £4k a year bonus (not guarenteed) so therefore after my personal allowance and pension contributions of £1200 per year am I still in the higher bracket?
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I have an attachment of earnings for council tax..does this mean i have a CCJ?
does an attachment of earnings for non payment of council tax mean i have a CCJ against me... just wondering as i am in the process of applying for a mortgage... thankyou my first thread on here after years of lurking!!!!
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Tax Band B 1Bed Flat-Neighbour 2Bed Flat is B - challange ?
On my Street all the Flats look identical from the outside. However the ones on the left hand side are 1 bedroom flats and the ones on the right hand side are 2 Bedroom flats. I've done all the appropiate checks. The last online Sold for price I found was back in 2000 for £40000 and that was for a 2 Bed flat. I've checked…
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Small business Cap Gains
As we know the changes in CGT are very significant from 6th April 2008. I have some land which i would like to transfer to my son at current value before end of tax year and then trsnafer back again later in the year. is this feasable? is it costly? and can it be done speedily? the saving to me in CGT would be…
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NIC contributions and Tax
Just cropped up in conversation... If you are in receipt of an "Ill health" retirement pension approx £13k...I assume you pay tax at the normal rate etc...but what about NICs...seems a bit confusing as its not earnings as such not at official retirement age yet either
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Capital Gains Tax
My wife and two of her friends have just bought two properties that they are going to "Do Up" and sell for a profit. They expect to make around £15000 on each one. What are their Capital Gains Tax Liabilities going to be ?
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How much TAX at my Second Job?
Guys I need help as to what amount of TAX and NI is deductable from my 2nd Job? I already have one with TaX code 522L and now I have been offered a part-time job with Gross amount £2502/month. At my second Job, I know tax code would be "BR".. Can anyone tell me what amount of TAX is deductable and what would be the NI at…
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Council Tax Rebate Question
Hi guys, sorry if this is in the wrong place. Just a quick question....Would my parents be able to claim back on a house they already sold? Like around 4 years ago. Thanks.
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Council tax - quick question
Just to settle an argument with a colleague, Theoretically speaking, if you owe council tax in one area, move to another and use a different name (maiden name for example) - Can the previous council still find you? I say yes, but my colleague says no. Which one of us is right and why?
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Repayments on £5,000 exempt small loan
Been revising my understanding of the £5,000 small loans exemption for company directors and re-read the section on the HMRC website. Can't find any reference to minimum repayment requirements. Are there any?
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Cash gift from Relative - advice please!
I am to receive a gift of £10,000 from a Grandparent and I need some advice. What is the best way to receive this whilst avoiding or minimising tax? Thanks :money:
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Having 3 jobs..worth it?
I currently have 2 jobs, 1 employed and one self employed..at the end of the tax year i do my online assesment and input each job..i get taxed 22% on the employed job. I may have the chacce of getting another part time job which will be employed by another co as well as the 2 i have and was wondering if it is worth it and…
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Self Employed tax effectively doubling in 2008-2009?
I work as a self-employed freelance multimedia designer. At the moment I am earning roughly £12,000 - £14,000. I work from home, so have allowable expenses for bills, plus I have expensive computer equipment/software etc. My taxable profits (minus allowable £5225 and expenses) mostly fall into the 10% tax band. In…
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Council Tax in student house with 1 non student query
Daughters in a student house of 6 occupants, 5 of them are students but the 6th girl finished uni last June and got a full time well paid job in the summer. The landlady is aware of this and the way they did it is to have an agreement with only the 5 students on and exclude the full time worker. Now a student who lived in…
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help needed re income tax banding
hi, hope you can help. my mum is 81 and has had a letter through from her works pension to say they need to check her tax code. she knows nothing about tax and i know very little but wondered if anyone on here could let us know what income is counted when working out her personnel allowances and whether she has used them…
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does tax change now married ?
we got married in august last year, does anything change tax wise ? should we have told anyone ? sorry if this is in the wrong place.
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Council Tax re Deceased
Hi Guys I'm looking for a bit of advise, my brother died last April and we are in the process of dealing with Estate, he had quite a few debts and we have manged to pay the funeral costs but still have a lot of loan companies chasing money which as soon as the house has been sold i will be able to deal with ( what i…
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Deferment of Class 2 / 4 NI contributions?
I wonder if someone would be good enough to explain what i need do to make my dealings with HMRC as simple as possible for 2007/8. I am an employee paying Class1 NI conts. I have been S/E since November 2006 and have a small earnings exception which ends 05/04/08.Since January 2008 my S/E income has increased 4 or 5 fold…
