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HMRC enquiry website (tax-hell.co.uk)
Hi, There's a story in the Sunday Times today about a journo who is currently subject to an HMRC enquiry. He has set up a website and blog to share with others at: www.tax-hell.co.uk Hope this of use.
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Income Tax Question.
Hello..can someone please tell me,if a person who has always worked,my son for instance, gets divorced and lets his wife have the house which is now sold. He came to live back home with myself and his stepfather,and on and off has been ill with DVT ,Asthma. The tax people have contacted him and because he refuses to claim…
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SA for CIS Self Employed - Help PLEASE
I do my husband’s SA and have done for a couple of years. Previous years have only been for a couple of months at a time of SE the remainder being employment. So the returns have only ever been very basic returns i.e.: nothing much in the way of receipts/expenditure. This year 07/08 is a full year of SE and I have ensured…
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Pre-owned asset tax - advice please
Hopefully someone can help with this. I've had a good search on the forums, but whilst I can find reference to this tax, I can't pin down exactly how it applies to us (or not). The HMRC site has a section on it, but it's impossible to cut through the detail to make sense. My parents in law have sold their house & have, at…
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CGT on a rented property whilst abroad
Hi all, hope someone knows the answer to this. We are emigrating later this year and wish to rent out our house while we are abroad. It is our only home in the UK and we have owened it for 6 years. I know we will have to pay tax on the rent but does anyone know if we will have to pay CGT if we stay abroad and decide to…
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tax question
Hi, Im a newbie here and have a question. Im 23 and finished uni and just got my first proper job with the degree, I got a letter from the HMRC saying I should tell my bank im paying tax now since Im now working which is fair enough. But looking at my bank statements from my barclays student account I have being paying tax…
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will i get a rebate?
Well since April last year to April this year I havent earnt over 5220, my tax code is 522L I think. However I have been paying normal tax since last year...should I get all my tax that I've paid back, or nothing, or some? Cheers.
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capital gains tax
Hi. This is my first time asking, so please be gentle!! My Dad and I inherited a property together on 21/08/2003. It was worth £60000 at the time. In Feb 2005, It was worth £80000 and I bought my dad out for £40000. However I took a mortgage of £55k to capital raise. I have now a mortgage of £70k on the property, again to…
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self-employed term time contract-less than tax allowance
Hi - wondering if anyone can help with a quick question pls? i started work in Jan and am working at an organisation that is term time only. Will be working 18-20 hours a week 36 weeks @ fixed rate of £125 a week (paid by BACS fortnightly). I need to register as SE on monday (last week to do this!), but does anyone know if…
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Do i pay Tax.
I left the French Foreign Legion last year after 22 years with a monthly pension paid into a French bank account. Im living at my parents address in the UK for the moment. Is this pension taxable in the UK ? (about 1200 euros a month). No one seems to know.
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Balancing allowance on expensive motor car
I wonder if someone could tell me whether I've got this bit right?In June last year I bought a car for £14,000 for use in my personal business. In December I stopped using the car in that business (but didn't sell it, I just kept it myself to use, but not for the business). At that time it had a market value of £11,600.…
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where to buy good and cheap bags?
Welcome to our company’s website:http://www.nike-schuhe.com.Our company is a supplier of famous brand’s goods.It has a wide range of brand bags as follows: Channel bags Chole bags Coach bags Dior bags Fendi bags, Gucci bags LV bags Prada bags Besides, we also can supply many brand shoes(for example Nike, Nike Max series,…
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is stamp duty due on a property transfer?
a friend of mine asked a question which I was unable to answer confidentially, but someone here may be able to do so. his father has retired and now wants to return to his native country but before returning home he wishes to transfer his property to his son. is stamp duty due on this transfer?
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Self employed, but have been offered a van...what are the implications?
hi, I am a self employed builder, lately i have been doing alot of sub-contracting for a property developer. He has offered to rent me a van for approx the same money as my running costs for my rather old transit. I am very tempted,but am not sure how this will affect my tax....I will be responsible for all diesel cost,…
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How much tax and N.I should I have been paid?
Hi all, only my 2nd post but think I am in right place? Basically the woman who does the tax at where I work, is not the nicest of people!! In my March pay instead of paying me £288.00 in [FONT="]commission[/FONT] she only paid me £2.88.. She was very rude and said I would maybe get a chq this week! I was really…
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How much tax on this years pay please?
thank you everyone for you answers
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Claiming fuel allowances from the taxman.
I work 24 hour shifts for a shipping company. 8 hiurs in the office and the rest of my duty from home where I have set up an office. I then hand over at work to a collegue in the morning. I know I cannot claim mileage travelling to and from work but when I am going to my office at home and returning next morning, I am…
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Inheritance Tax
I would really appreciate some advice on the below... I think this tax effects absolutely everyone and so i'm sure some here have a solution for it:- -My family own a number of properties throughout the UK and some abroad. -We have built up a property portfolio over the last 20 years where by most assets are rented as…
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Tax - Payment on Account
Good afternoon folks. I wonder if someone could tell me, am I right in thinking that if my tax bill is less than £500 I do not have to make a payment on account? Also, when I submit my tax return (I'm self-employed and had no tax to pay 06/07 but will owe approximately £150 this tax year 07/08) when do I have to make the…
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How much tax should i have paid this year??
is there a calculator anywhere to say what i should have paid??
