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National Insurance Contributions Rebates?
My husband has been self-employed for a number of years. He noticed that on a letter that came with his National Insurance bill there was the following note: "Low earnings - you may be granted exception from payment if your earnings are low. If your net earnings from the current year are expected to be less than £4,635.00…
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Is this a good Accountant quote for Ltd?
Hi I have now seen two accountants 1) Was very helpful, informative and listened and gave me advice 2) Other tried to talk over me, didn't really listen and wanted to do as he thought best Guess which one I will go with! This is there quote. Are you able to give me an idea if this is a good or expensive quote?????…
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Questions about reclaiming tax.
Hello I have a few questions about reclaiming tax on both my income and savings and am hoping some of the knowledgeable people here will enlighten me. I am currently taking a Gap Year before heading off the University in September and started a part time job in November 2007. My income up to the start of this tax year have…
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Tax and national insurance question please help
People forgive the simple question but this question has been driving me mad at work all day. So I'm hopping that you people will put my mind at rest. I was paid today and for the frist time i paid Tax and national insurance (i was paid £475.69) I'm a single mum reciving working and child tax cridets. Do i sill pay Tax and…
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Abolition of 10% Tax
I received my salary today and am disappointed with my net pay. I work part time and so does my husband and both of us have suffered a dip in our salaries this month. What I cannot understand is when Gordon Brown states that people like us will be compensated by the increase in Child Tax Credit. In our case we still get…
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Tax Return Forms 2007-2008 NEED HELP
Hello I have a problem regarding my personal tax return forms... I am a fulltime employed engineer on £18,500 per annum paying TAX and National Insurance with my employer. I am also in a partnership business (2 people) in carpet cleaning. Our business started on 05/10/2007 and we are filling in our 07/08 tax forms up to…
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Turning 65 this financial year?
If you will be 65 before March 2009 you can get the over 65's tax allowance for the whole year. Tax allowance goes up to £9,000 approx.
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Raising the Income Tax Threshold
I believe that raising the Income Tax threshold is the way to go.... I think we should be allowed to earn say £15,000 - £20,000 per year totally tax free, then pay 20% tax on everything over that figure. This would help everyone on a low income. It would stop people fiddling (cash in the hand jobs) I'd better rephrase that…
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P87 Fuel Card Related Tax Claim
Hi Money Experts, Can someone tell me if I am calculating this correctly please? I understand that I can reclaim tax from the inland Revenue related to Fuel Card Expenses using a P87 form. First I have disregarded any income from my Car Allowance as this is treated as taxable income anyway. The calculation I have then been…
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New to Tax... Can I reclaim Now?
Hi all, Hoped to get a bit of help regarding my tax situation. I was employed for 3 months at an establishment about 6 months back and was put on emergency tax. I have kept all payslips they gave me etc. I have got the address of my local tax office and was wondering is it as simple as me posting my payslips and asking…
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Tax Relief on Personal Pension contributions
Hi Im completing a tax return at the moment and one part Im completing is talking about tax relief on my personal pension contributions. This caused a discussion at work. Our "work" pensions are acutally Personal Pension with our employer contributing. Obviously the pension firm claims back tax on our contributions at…
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CGT Question
I hope someone can help with this. I actually posted the same question last year, but I am sure there have been changes to CGT since then so am asking once own a property in Scotland which I have rented out for the last 7 years. I bought it in 1998 for £32k and lived in it for a year, and I have remortgaged twice to…
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VAT limit?
Is the VAT registration limit for the new tax year the same as the last? - £64k?
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Valuation Tribunal
I'm new to this forum. My initial challenge to my council tax banding has been rejected by VOA.I've found out that I can access the archives of my local newspaper and research the property pages for 1991. Do I need evidence of this nature to go through an independent valuation tribunal?? Also how do I set the wheels in…
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Is its possible to claim VAT back on petrol?
Is it (or if it isn't?) possible to claim the VAT back on the petrol you put in your car when you travel to work? Out of the £36.00 petrol I put into my car I only use minimum amounts for personal use - the rest is for work, If I was self employed, I could claim this VAT back but as I work for a multi-national company, is…
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Has anyone had this month's payslip (10p tax rate related)?
Has anyone this month already had their payslip for this month, specifically those who earn below £18,500 - with the new 20p tax rate (and the abolition of the 10p tax rate)? I have had two people on another forum I use report that they have had their payslips for this month and the amount of money they have lost is…
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statements of earnings
my husbands new employer needs a statement of earnings for the last 5 years, will he get seperate ones for each job?
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Charged too much Tax!
Hello, I hope that someone can help me because I've been a bit of an idiot. I haven't been checking the level of tax i was being charged for my job as when i started I was working 2 jobs but i have just realised that my tax has remained at the 22% level even though i stopped working 2 jobs after christmas. Do i need…
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simple VAT question - help much appreciated
say I make £10,000 per year from online affiliate work. I have been adding this to pay taxable income amount and thus paying income tax on this. However, I am soon to be reaching the higher band, so additional income will be taxed at 40%. When I receive the monthly payments, there is an option for VAT. Could I somehow sort…
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Tax liability on my company competition prize?
I have just won one of ten holidays (yippee!!) through an internal (worldwide) company competition. It was a prize draw based on submitting a correct entry to a number of questions. As this competition was only for employees (however, it was not a reward for sales volumes etc), does anyone think there might be any tax…
