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Council tax: our band changed, but I doubt the refund is correct
Hi there, I live with my dad and a while back I was trying to figure out the outgoings on our house. I found out that our council tax band had gone down from a C to a B in June 07, due to somebody in the area taking it to the courts. The Valuation Office said the council were dealing with it. So late last year my dad got a…
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Council Tax - First reply
Okay so I appealed because the majority of my neighbours are in the 'C' band and we're in the 'D' band... and we ticked the top two boxes... The letter rec'd said... 'Based on the information you have given me, I believe your proposal has not been validly made.... My reason for considering that your proposal has been…
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Can anyone help with really basic tax calculation?
HI there, I'm self-employed and for the tax year ending next month, my profit will be approx £27,000. I have already paid £1600 on account for this year. Can anyone tell me how much (approximately) I will need to pay out in July 08 and January 09, including income tax, class whatever National Insurance, and payments on…
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Benefits of being self employed
Hi there, I'm looking for some advice. I'm employed by a company but whilst negotiating a pay rise was told they can only pay me more if I become self employed. Would be roughly extra £20k. I am trying for a baby but my boss doesn't know this. If I stay employed I would get 90% pay for 6 weeks and then Statutory Maternity…
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VAT nightmare - help
Hello, I am running a small business as a sole trader and am in need of help regarding my VAT. I am not due to go over the VAT threshold for another month but decided to register voluntarily as from last month in order to be able to charge VAT a month early so as not to get caught in the trap of having gone over the…
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Tax rates and IB?
Wasn't sure whether to post here or on the benefits board, but thought there may be more who know on here. Saw on Working Lunch earlier this week about the abolition of the 10% tax rate, and thought I ought to delve deeper, as my husband receives long-term incapacity benefit, which he is taxed on. Anyway, I've done some…
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Tax implications?
We have some savings in my name as I haven't been working for the past year - so we filled in the relevant form to get tax free interest. I have recently started doing some supply work, where I believe I get taxed at source. As this payment will take me over my tax free threshold I'm not sure whether I have to inform the…
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Capital Gains on second property
Hi I hope someone can help me with a CGT question. I have a property that is in joint names with my wife purchased in 2006. We lived in the property (main residence) for 5 years and have let the property for the last 7 years. We will make a gain when we sell (looking to sell over the next couple of months). I am high rate…
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Do you pay tax on tips?
My step daughter works part time as a waitress. She has no other income so gets tax credits or income support, depending on how many hrs she works. (earns average of £60 per week). On her pay slips she is being taxed on BR but yesterday was given new code 479L. The lady at the tax office told her she was being taxed on any…
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Taxman's interest rate
My accountant submitted my tax return for year 2004/05. The figures for tax due were accepted by taxman and tax owing was paid on time in Jan and July 2006. I have undergone a minor investigation by taxman in 2008. As a result I have to pay a further £1600 tax for the 2004/05 year. The taxman has also added over £300 of…
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Registering a second business
Hi, Not sure if this is the correct forum, sorry if its not! I have been registered with HMRC as self employed for just over 18 months now. I am now looking to start a second internet based business, I aim to start after 5th April to save having to fill in a tax return for the sake of 4 weeks. What i wanted to know was…
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any experts on income tax here
Need advice on new methods on my pay packet being used by third party payroll company appointed by my temp agency and the legality of them Would prefer to do this in private. Liz thanks in advance
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Tax penalty: is it worth appealing?
Dear Team I made a genuine mistake on my 07-07 tax return. I received a lump sum redundancy payment plus three months salary in lieu of notice. I filled my return a year after the event and went by the P45 documents supplied by my employer, calling the tax helpline to go through them. As advised I put the first 30K as tax…
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Help With Council Tax Re-Banding
Greetings, In a bit of a dilemma whether to appeal against my council tax banding. Our house is 4 years old and we moved in from new, paying £122500 in February 2004. We are currently in Band C. There are 6 houses in our row that are the same and are all in Band C. If you do the house valuation thingy, our house should be…
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I was just wondering....
Hello im 20 now and i have been working since i was 16, and i was just been looking at my pay slips recently, and the tax code on my slips is 522L i had a look online and saw that this is the emergancy tax code? If so im unsure why im on it, and does anyone know if this is a good thing or bad thing? if anyone knows as im…
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two jobs - one employed tax deducted at source, the other freelancing
hi. am just about to cut my full time job to go part time. in addition, i will be freelancing, whichwill hopefully pull on a higher salary than my part time employed job. i assume i need to call the tax office and register as self employed? does anyone know how this will work with my tax as i will be deducted at source on…
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Tax Code BR
I have a company pension on which I pay tax and against which my personal allowance is set as it is my main source of income. I am about to start a part time (25 hours per week) job and will have to pay tax on all the earnings from that job. Presumably the two are treated entirely separately by HMRC and that the code they…
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Working From Home - Can I Save Money?
I am a Regional Manager who is part field based . My company has recently closed down the local depot meaning I would have to travel approx 120miles to Head Office. This has meant me converting my 3rd bedroom into an office to be able to work from home . Is there any way I can claim money back from the company for having…
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Gordons 20% tax con.
I posted this on the Silver savers board but on reflection it may be better here. After April if you earn less than £18500, and more than around £10,000 the removal of the 10% tax rate means you will pay more tax, nice! http://news.bbc.co.uk/1/hi/programmes/working_lunch/7191628.stm
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work from home and employed
hi guys.... can anybody help out there.... my girlfriend works for a big company as a account manager. She works from home and rarely goes to the office in london. She has no choice of working from home and the london office is too far away. My question is how much of her bills for water,electricity, gas and council tax…
