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How do I get this tax back?
Beginning of 07 I got a letter about a pension for a company I used to work for. The pension scheme was in defecit and for this reason they wouldn't be payingthe full amount of pension when the time came but if I was interested in taking my pension elsewhere they'd pay me an amount (£2,000)for doing so. I decided to do…
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company car tax...
i am a 25% partner in family business. i have no income from the business, i am planning on buying a dodge ram diesel.. roughly 2004 yr.. 6 litre engine. the road tax is based on pre-banded as its an import and there is no emission data for them.. i am intending to use the dodge for work and personal and my own self…
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Please Help ... Paying Tax But Still Within Allowance
Can anybody advise and help me to work out how this will pan out My son has a tax code of 522L, he has two jobs Job 1 was allocated the tax code of 522L and a P45 was handed to them after my son did a 12 week holiday contract in the summer so the earnings from this are included in job 1's total pay Job 2 has code BR…
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mystery shopping and tax
I do mystery shopping, and my life would be made so much easier if I had an Eee PC so I could enter results as I travel home from a visit (I live an hour out of London and have WiFi on my train) rather than eat into valuable time at home with my partner. I could also check in more regularly during the day to pick up jobs…
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PAYE Tax Calculation
Hi All, I m really struggling to understand this PAYE calculation. If you earn X a year and then mid year (December) get a pay rise, then do you need to reclaim any tax from the tax man? Put another way : Does PAYE account for changes in salary mid year? Any ideas?
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'Good Point' Council Tax Question
I'm pretty sure we are in the wrong banding for Council Tax. I have used the valuation calculator from Nationwide and yes, it appears we have been banded incorrectly, however.... I live on a relatively new housing estate (built 1997) and the only records the Land Registry has for HPI is only going back to 2000. It's…
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CIS or self employed
Hi! My husband is employed (PAYE) and self employed (self assessment) and pays tax higher rate. I'm looking for advice on best way for my tax allowance (i am not working anywhere) to reduce his. Can I a) put myself as self employed on CIS and claim half of his work as mine b) become a partnership and use my allowance or is…
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Two PAYE jobs and self employed
I am currently in full-time employment and pay tax through PAYE. I also have self-employed earnings for which I complete an end of year self assessment. I am thinking of splitting my full time employment into two part time jobs which will both be PAYE - will I be taxed at a higher rate on one of these? does it count as a…
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Setting up an Ltd
I have the chance of going contracting and am considering setting up an Ltd. What would be the tax benefits of doing this? How would I know if I would be caught by IR35?
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PAYE + NI tax calculator
Found a decent calculator that will let you know how much PAYE and NI you will be paying when the new PAYE bands begin: http://www.listentotaxman.com/ Hope it's useful. John
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Late Payment for Self Assessment
I recently sent off my self assessment form to the IRS before the deadline of Jan 31 but have since been informed they apparently never received it until 5 Feb? They sent a letter informing me of this and the late penalty charge of £100, dated feb 19, although I didn't receive it until 1 March! I am appealing, but when I…
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Capital Gains Tax
If I move away at some point in the future, living in a different country for a while and in the meantime renting out my UK house, how long do I have to live back in my house again before I am not liable to Capital Gains Tax. I know that I have three (?) years grace anyway. Thanks...
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Advice needed asap on sudden death
Hi, Im hoping I can make use of some of the knowledge and experience out there but I may be a bit longwinded so please if you can bear with me. Last week my mothers partner passed away suddenly and amidst all of our grief we arranged the funeral and started sorting through paperwork. Heres where it gets complicated. My…
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Car Allowance?
Can anyone tell me what a car allowance is, and how much it might be, and how you get taxed on it? DH handed his notice in yesterday and has been given and package to stay with his current employer - they said he would get a car allowance but they didn't expand on that and DH didn't ask. I suspect I'm asking how long is a…
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How will bonus affect my net pay?
I'm due a bonus next month which will push me into 40% tax for the month but I know that this will be adjusted in later months to ensure I am still within the limit overall. However what happens with NI? Does that get adjusted too for the year or is it for the month only and it's tough luck? Thanks
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inheritance tax and transfer of allowance
Wonder if anyone can please advise me here. a relation of mine passed away last Jan 2008 leaving me as chief beneficiary and executor of her will , I have been collecting as much information bank details etc in order to cut solicitor costs and hopefully speed things up fro probate purposes.I have, though, hit a snag over…
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Council tax decision back already..
And it's a NO!! Got a letter within 2 days of sending mine and it's an Invalid proposal letter. Says i don't meet the circumstances so therfore it is invalid, a letter is attached saying i can appreciate this is not the decision you wanted etc so would appreciate the questionnaire attatched filling out and he will look…
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tax bill help please
im not actually paying tax at the moment due to being a stay at home mum but i am hoping to start my own buissness after the birth of my second child in september and am going to spend the next 6 months trying to find out all i need to know about running my own buissness. so i was after some advice from you guys if i could…
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Registering as a non-tax payer
I'm not expecting to earn over the £5,435 personal tax allowance next year. Should I inform my bank / building society as soon as the new tax year starts in April? Do I just go in and fill in a form or do I have to notify them in writing (it is a long time since I last did this!)
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Claiming Tax Back On Business Mileage
Hi, Was wondering if anyone could enlighten me about claiming tax back on business mileage. My husband does a hell of a lot of business miles in a month he clocks up approx 2000. Until recently we didnt know about the claiming the tax back. Anyway, we have submitted the form to the tax office, we knew how to do the sums…
