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paying tax on goods received
not sure if this if the correct place, please move if required we live in germany my son has been travelling the world he is registered in the uk, he sent a large parcel from Australia to our house i had to pay 92.00 Euro's tax is there any way to claim this back?:confused:
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Council tax reband rejected. Why and where now?
Last year we challenged the banding of our property (D at present) trying to get it reduced to a C but we failed. We feel ready again to take up the challenge. Let me try and be as brief as possible. Our estate was built in 1999 and is a 3 bed detached of which there are only 5 on the estate. The rest are all 4 bed…
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Reclaiming UK VAT if VAT registered in other EU state.
I am looking for information on the does and donts of reclaiming VAT charged on goods I buy in the UK which I then export to another EU state where I am registered for VAT. Specifically I deal in PCs and PC parts which I can buy at a good price at UK airports (yes even Dixons) trouble is even though I am VAT registered in…
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Can you appeal against underpayment of income tax ?
I have just received a notice from the Humber Area tax office saying I have underpaid tax, cumulated from tax years 2005-6, 2006-7 and 2007-8. Reason being they did not include company car, fuel and expenses benefits on their coding notices sent to me/my employer the for the first 2 years and 3 months of my current…
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Council Tax Revaluation - Advice?
Hi, Anyone gone through this process? I'v lived in my 2 bedroom masionette in South East London for over 8 years and I have a Council Tax Band C, so my house should have been valued at £52,001 - £68,000 in 1991. I've spoke to my neighbours and they have identical maisonettes and are also in Band C. My road has lots of…
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Council tax court summons
Hey everyone I guess that a few of you have been here. I'm having trouble paying my council tax at the moment (roughly £100/mo). I've been trying to set up my own business since i left university so have got very little money coming in (and am £3k in debt, not including student loan). last year and am currenlty pulling in…
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subcontractor (construction)
Hi, I'm helping a friend do their self-assessment tax return. He works on a building site and thinks he is a subcontractor. I've been reading the HMRC site and it seems "subcontractor" has a special meaning which I don't quite understand. He has been getting payslips with PAYE income tax deducted, but no mention of NI or…
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"splitting" the tax free allowance?
hello all. sorry if this is a repeat post, but I had a quick look and couldn't see anything that quite answered my question. Basically I'm working 2 jobs right now; one full time and one part time. I've only been in the country and few months so working up to now I haven't made £6035 this year. As a result, I haven't been…
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Company Tax Help Please?
Hi, I'm a new company and was just wondering if someone can tell me a little bit about tax. What’s the % of Tax the Tax man will take. I know the Tax man charges the % of Tax only on the Profit does the Profit include the payments of staff or not? For example I have £9,000 profit but i have not yet paid the staff so would…
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P45 help
not sure if right place but can anyone help. Daughter has worked for 4 months but was still on 603L Wk1 tax code. Seh has now started new job and eventually she has recieved her P45 form old employer. Part 1A her copy is fine, shows 603L X ( which I believe means wk1 basis) so thats ok. shows her pay and tax deducted. Part…
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TAX and Mortgage Interest
Hi, I started renting out my flat as it was no longer needed it for a home. I'm coming up to my first tax bill. I've been told I can offset the interest I've paid on my mortgage on the income tax bill. Is this true? info flat bought June 06 for £125k (on a mortgage £79k - capital repayment on £450pm) fixed at 4.59%.…
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How do i change my tax code to the correct one!
Hi all, Some advice would be apprecieted! I started working with a supply agnency at the start of September after being unemployed for a few months. I've noticed on my weekly pay slips that my tax code is BR (basic rate i'm guessing!) I worked for 3 weeks in the summer at another job and asked for a P45 to be sent to me…
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Selling rented house and CGT
Hi, to cut a long story short my OH has a house (he's never lived in) which he has rented out for 6 yrs. The tenants are moving out next year, and to buy our own house together we will need to sell the rental for a deposit. OH is reluctant to lose 40% of our deposit to CGT. I'm not asking how to get out/around it, but if…
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Company Secretary and tax question
My husband has his own small company of which he is the sole employee and Director. He works as a contractor. We recently appointed an accountant who said that if I become the 'Company Secretary' and did the invoices and payed the various payments for the company, then I can be paid my tax free allowance (I think this is…
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Investment Bond CGT Question
Hello, I wonder if any one has any tips on CGT, I cashed in part of my investment bond in the last tax year and got a notice that I need to pay CGT. Can I get some sort of valuation of my bond at the end of the tax year seeing how it is likly to have lost money so that I can write this off against the CGT I owe? Many…
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Import Duty/Commodity Codes - Experience
Hi I have had a couple of conversations with HMRC about commodity codes, and whilst I am mindful of their experience, I'm not entirely sure that the code they gave me, is correct (the difference is 0% and 4% tax) Does anyone have experience of getting a legal ruling on the correct code, or whether HMRC can be persuaded to…
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Humber Area Tax office are hopeless!
I feel like I am going mad! Months ago I sent a letter along with a P11d and P60 for 07/08 as I had over paid by just over £300. Along with a cheque finally back they had knocked off £170 saying I owed it from 06/07 with a tax calculation showing how they reached this decision. The figures they used had no relation to me…
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Self-Employed - Claiming Business Mileage?
Hi everyone, After recently being made redundant from my job I've decided to go self-employed full-time. I'd previously registered with HMRC as self-employed on a part-time basis and I'm currently using my private car for my business, keeping a mileage log for all business miles travelled, logging dates, start/end…
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Can anyone recommend an accountant in or near redhill, surrey?
Can anyone recommend a good accountant in (or near) Redhill in Surrey? I'm looking for someone who can advise me on how to reorganise my business affairs to be more tax efficient. I am a freelance writer and PR, working as a sole trader, and earn about 30k/year. I pay more tax than anyone I know. I know there are legal…
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help understanding tax
WHen a person start work is it right that as an individual i can earn £6035 before i start paying tax. Is this right, as i dont understand the tax bands. Any help would be great. I know basic rate tax is 22%, i pay this however my husband has juststarted work, and is on minimum wage, and we are tryoing to work out how much…
