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Undeclared income - will i get fined? Prosecuted?
Hello. wonder if someone can help. i am just getting round to sorting out tax affairs from 01/02, 02/03 and 03/04. i am owed tax back from 01/02 and 02/03 and also need to declare rental income on a property. Even when adding this into the equation, they still owe me. I also technically earned some money from my husband in…
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Missing Documents
Hi, I paid emergency tax from 10/2003-01/2005 I want to find out if I can claim any refunds.Unfortunately I can't find any of my payslips and most importantly P60 and P45. Should write to the company and request copies or just write to HMRC giving them my details and the dates that I worked for the company? Any thoughts on…
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64,000 VAT Threshold question – Self Employed Sole Trader
I have a tax question I didn’t know where to ask: 64,000 VAT Threshold question – Self Employed Sole Trader I am researching the details involved setting up a small business, it would be just me and I would be a Sole Trader (not a limited company at first, although I would reserve the business name with company house). I…
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National Insurance............or not
My husband retired age 65 in August 2007 and is now in receipt of his state and company pensions. His former employers are paying a 3% bonus on basic salary for 2007, and pensioners are entitled to an amount equivalent to the number of days in 2007 they were still employed. The bonus will be paid 17th March 2008 to all…
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Council Tax question - confused about 1991 valuations!
I have just read the article on council tax and done all the tests. We're currently in band C, however pretty much all of our neighbours are in B (it says ours was effective as of 1995) I looked up how much houses in my area has been sold for recently. Ours was bought by our landlady in Sept 2006 for £160k. Other houses,…
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Council tax situation
Hiya all, I moved out of my previous address in October 07 (and to a different council area), i shared with 3 other people. When i moved i was owed deposit and money for bills to the amount of £250, i also happened to owe 250 for council tax.. i made a 'verbal' :rolleyes: agreement that the remaining tenants would pay off…
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Student, 2 jobs, emergency tax
I currently work a few hours a week with an educational print firm, few nights a week in a club, both are irregular hours. The educational firm gave me a p38 to complete though I now realize its only meant for holiday work when it is in fact a term time job. The job in the club has me on tax code 0BR which I think is…
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Am I due a tax refund
I was talking to someone at work recently and she found out that the place I work regualry overtaxes us by a little each year. Adding on the fact I was a student for 3 years and kept switching from F/T to P/T and back I am pretty certain I could get some tax refunded too. I have all my payslips since I started that job in…
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Council Tax: Landlord or Tenant
Just a quick question I need answered. I am a tenant living in private accomodation. I pay rent to the landlord. Who is responsible for the council tax of the house? Is it me or the landlord? Thankyou
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Employer confused over tax etc
Hello. I am just about to start to work for my dad, he has bought a franchise for a home based business along with his ex-colleague, the business is a magazine which is free to have a copy of but is paid for by the advertising of local businesses. The first issue isn't even out yet but so far I have done a little bit of…
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Annexed by Council Charges
:confused: Hi having read threads about council tax charges on annexes I wonder if anyone can help me. In 1999 I acquired a mortgage to build an extension onto my parents existing property. It comprises a separate kitchen, living area, toilet/shower room, and three tiny bedrooms adjoining the existing staircase. There is…
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what about water rates
I have been rebanded, but water company (UU) based on same criteria 1991 assessment refuse any adjustment/refund because apparently it is the law and they cannot change charges even though my nieghbours pay less than myself. Anyone had any success challenging them?
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Non domiciled impact of new law 2008
Hi, I am living in the UK since 2000 and am a German passport holder. Ordinary resident, but non domiciled here for tax purpose. I understand that from April 2008 onwards, I will be taxable on my non UK interest income and capital gains, even if I keep them outside the UK. Paying the 30k annual would not be a feasable…
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Income Tax on Joint Savings Accounts
I think I have done a really stupid thing. Just over a year ago with failing health, I was able to get early retirement, and walked away with a modest pension and a very sizeable lump sum. I immediately opened several new building society accounts so as to safely spread my lump sum around. Thinking I was doing the…
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Income Tax on Joint Savings Accounts
Please ignore this one Sorry, my browser had a hiccup and posted twice.
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Tax Question (Car)
I'm self employed and use a car to get to and from work as well as travelling to different venues. My question is what tax relief should I get on my car ? I have a 4 year car loan of about £300 a month. If I sold this car and leased a car for about £300 a month how much of this could I claim in tax relief ? So am I better…
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Council Tax help
Hi, My dad is a pensioner, last year he was exempted to pay council Tax. In Feb 08 I moved back to my parents house. I know as in paid employment I have to pay a some toward my dad's council tax. I earn £16909 a year. Any idea with this income, how much council can ask me to pay? I live in Birmingham and my housing band is…
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Pensioner tax demands
Hi all, this is my first time here and i was hoping for a little advice concerning my mother , she has been retired 5 years and has been constantly bombarded with various income tax demands ever since. I have recently found out that she has been paying these bills with her savings totalling a few thousand pounds and as a…
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tax on interest free loan from employer
If the loan is greater than £5000, I understand that it will be taxed, but I can't find out how to calculate the tax liability. Can anyone tell me if it is worth leaving my savings alone in my ISA and taking the tax hit, or is it better just to pay the capital amount upfront to keep the loan tax free? :confused: It would…
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Child Tax Credit
Salary £30k, child tax credit = £545 Salary = £18k child tax credit about £2k?? What an extra incentive, on top of tax relief/deferral for a £12k pension contribution, assuming you don't need the money!
