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Income Tax Query.
Hi, I am currently employed full time 40hrs a week. i am looking at doing some extra work to boost my income. the position i am looking at requires you to be self employed and pay your own tax. is this possible?:confused: any help greatly received. cheers
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Help with getting tax back on fathers pension
My dad retired from a company following 30 years service and got a pension. When he went to work for another company 2 years later they started taxing him £39 a month on it because it was classed as additional income not primary income. Well for the past 15 months he hasn't been working due to sickness but the revenue has…
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small business from april only 18%tax not 40%??
Hi, can someone confirm for me please, is it correct that a small business will only have to pay 18% tax not 40% after 5th april 08. Can my husband do this as a sole trader? I do have an appoinment with accountant in 4 weeks time as i am new to all of this, but could do with having a light at the end of the tunnel, and…
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Personal Tax Refund - Advice please
Hi, I wonder if anyone could offer some advice. I recently received a letter from Investment Recovery Services Ltd stating that they would act on my behalf for a potential personal tax refund. It is in respect of some shares I bought a long time ago and the company has since gone into liquidation. Has anybody heard of this…
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Claim your Tax Refund.......They won't remind you !
Well it's getting close to that time of year for us in the UK to enter a New Financial year. Yes April is fast approaching and i thought now was as good a time as ever to remind you about checking your P60. Last year 2007 / 2008 friend of mine reclaimed tax he had paid in the 2002/2003 period. I asked him how and i was…
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Help! Council Tax was inclusive in Rent
Hi All, After Days of Sleepless nights I thought of taking advice from you people. The Rent of the last property I was living was all Inclusive. It was called Licence fee. I lived there for 15 Months. Now After moving out of there I am getting Council tax bill amounting 1400 pounds for the period I was living there. I went…
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Recently become pensioner
I was made redundant at end of 2007 and because I was over 50 I also took early retirement. I am trying to work out how much Tax I can reclaim as I was hit heavily for PAYE in my last (December) paycheck. My question as a new pensioner is this, can I expect a P60 form from my pension provider ?
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Can anyone help?
I was wondering I was rebanded last year but received no refund and was not told I could reclaim any money owed. I have lived at this property for 28 years, does anyone know if I am entitled to claim my money back and when is the cut off date? I would appreciate any advise, it puzzles me !:confused:
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Rental income - interest on mortgage
Do you need to provide proof of your mortgage interest payments in your tax return or do you just put the value in. If you put the value in will the revenue then ask you to send in all your mortgage statements or will they trust what you put?
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Their Mistake - My Pocket
In September 2005 I was asked by my tax office to fill out a ‘Tax Review Form’ for the year ended 5th April 2005. The notes accompanying the ‘Tax Review Form’ advised 40% taxpayers to tell the tax office about any pension contributions they were making. As I had recently become a 40% taxpayer, as requested I listed my…
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Self-employed and part-time employed tax code
Sorry if this has already been answered but I can't quite find the answer I am looking for. I have recently taken a part-time job after being self-employed for several years and am still working as self-employed. I abvisouly fill in a self-assessment tax return but I have noticed that I seem to be paying a lot of tax…
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CGT- Gift to spouse?
My father will be selling a property for which he will be liable for CGT. The property is owned along with another party who will be recieving a substantial sum from the sale. Is there any way of reducing my father's personal liability by providing a gift to my mother? At the moment, I am assuming that the the liability…
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Council Tax Rebanding
Hi, I'm checking in to if I can get my house rebanded. I'm in a higher band than my neighbours but when the original banding was done we were in the process of building an extension. I've got a feeling that only completed building work could be counted towards the value of the property. Does anyone know if this is the case?
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Van Tax
Long story im afraid. I started my new job in november of last year, since then I have had a company van which I use for personal use and fuel is paid for. Looking at my previous payslips it does not look as though I have been paying tax (my tax code is 491L). Speaking to a collegue he says that when he started he was not…
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Easy Website For Calculating PAYE Tax?
Is there a nice simple website where I can enter my tax code and total income then it will calculate how much tax I should have paid this financial year? Or do I have to make a spreadsheet again :( Cheers
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PAYE Tax Rebate
I currently have two jobs. One I pay no tax as its covered by my allowance and is only 12 a week and the 2nd I pay BR tax which is around 20 hours a week. I know I should have phoned up to get my tax code changed over to my main job but I havn't quite got round to it yet. I have worked out by 6th April, I will have paid…
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Valuations office say I don't exist!!
According to the Valuations office my mothers address in Finchley North London does not exist! I know for a fact it does, and i also know that we lived there in 1991. My mother only moved 2 years ago so where do I go from here? Everytime I enter the address to check on the council tax banding it tells me no address exists.…
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Cheaper Council Tax Bill- Have I been paying too much?!
Hi Just received my new council tax bill and got a shock- whilst thinking it would be more expensive, its actually cheaper!!! By a lot! Now I am in a dilemma- Have I previously been paying too much and do I create a fuss, or do I keep quiet in case they up what I am now being asked to pay?! For the last 6 months,on…
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Running a car through a Ltd
I will work as a contractor and will be doing alot of travelling. This mileage will be reimbursed by the client. If the client reimburses 40p mile 1st 10K and 25p rest - I just let my Ltd pay me this rate with no further tax liability for Ltd or me. If the client reimburses, say 13p a mile - a) Can the Ltd pay me 40p mile…
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Ltd Dividends
Have I got this right? Ltd pay 19% Corp Tax on Dividends The receiver of the dividend will pay a) No tax on dividend upto upper tax limit (as tax credit of 10% - covers 10% tax rate) b) Above upper tax limit - 22.5% (32.5% - 10% tax credit)
