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tax code help
i need some help with my tax code i think its wrong. im a store manager earning £20000 per annum my tax code is 378L why does everyone elses seem to be 603L?? i have worked in the job 5 years i did pay less tax last month when everyone changed to 603L i just cant understand why mine is different any1 help?
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Tax question - help please
My Gran died about 20 years ago leaving a small inheritance to my mum. There was no inheritance tax liability. An IFA suggested and arranged for Gran’s money to be invested offshore in the Isle of Man. Mum has recently got the money back from the IOM with a small profit. We have been told that Mum has to pay 20% of the…
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income tax bands help needed
Hello, I earned anoher 5 pounds in my wages this month compared to last month. whoopie! but got taxed an extra £51! boooo. Tax codes still the same everything the same. What's going on? Please help.
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Council tax band increased - should i bother appealling
Hi everyone, I wonder if anyone can help me... We bought a new house in september 07. It was originally a three bed semi but has been extended so it now had 5 bed an integral garage and a large conservatory. We paid 160k for it. We have been quite happily going about our business when yesterday a bombshell landed on the…
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P87 how long to return?
Hi, I sent my P87 form away in June. The IR sent me a letter 5weeks ago asking for dates I commenced employment with my current job and how I calculated my mileage. I sent them they information they asked for plus a copy of my P60 and a copy of one of my company mileage claim forms but I have heard nothing back yet. Has…
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NI bill
Can the IR bill me for National Insurance contributions not paid for me by a previous employer?
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Tax free income?
I am currently working in Kuwait, I am registered as CIS in the UK (sole trader providing construction services) I will be in the UK less than 90 days per tax year, I am employed by a UK based company and paid by them into a UK bank. All my flights and accomodation is provided by the company, but I receive a daily Per Diem…
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starting rate tax back
hi im writing in this as martin lewis's site said last mth every1 should be getting back £60 tax back from government if you were on starting rate which has now been scrapped due to 20%tax.However,i never recieved this rebate.were we not meant to get it in the end?Also,martin's site mentioned we would then claim £10 each…
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counil tax and bailiffs
i sold my shop i october 2007 to pay of my debts it was a shop with empty premises above ive owned it since 2001 but a few months ago the bailifs come round for rates from the 1st of april 2005 to the 17th oct 2007 after contacting the council they agreed to give me time to proof my case . i couldnt proof anything because…
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CGT .. What is a Business Asset
I have just discovered the term Business Asset with regard to CGT and notice that it could save me some money if it applies to me. Thing is I cant fathom it out. I have a third share in a partnership which was established in 2005 with the purpose of combining cash to enable us to buy a piece of land and build an industrial…
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Will CGT be payable?
I purchased my present home in 1982. In 1992 I purchased a second property which I occupied for six months before deciding to let it. I have since sold the second property claiming PPR and PL relief. As my present home was not my PPR for six months in 1992 will there be a CGT liability if I now sell the property? :confused:
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Refund Help Please
Hi everyone. I am new to the site. I am a Automotive Technician/Mechanic. I received this letter today, it read:- Refunds Direct Ltd H.M. Revenue And Customs Agent M8972R You spend huge amounts of money on your tools. You spend this money in order to do your job. You know its very difficult to claim a tax refund against…
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UK Income while living abroad
Hopefully someone here will be able to put my mind at rest and give me some advice. Here is my situation: I am a British citizen who has lived in the UK all my life. I graduated from uni and moved abroad to a European but non-EU country to be with my girlfriend in July 2007. I do freelance translations and I have a work…
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Am I on emergency tax?
My tax code is 603L and my previous code (I think) was 543L. Someone at work has seen that and told me I'm on emergency tax and should see about claiming it back - I thought 603L was the standard tax code... isn't it? Am I on emergency tax? I don't think so as it means I'd have been on it for 2 years:confused:
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Tax rebate for new mums going part-time?
Hi, I'm due to return to work in December after a full year of maternity leave. I used to work full time but I will be returning to work 3 days per week. I was told by someone that I might be eligible for a tax rebate, as my earnings for this financial year will have been calculated based on my full-time income. Could…
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Declaring Pension
My pension is taken out via PAYE but the tax return still asks about details. Do I need to provide that online?
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"Payment on account" ?
Hi all. I've got my accounts back from my accountant and I'm confused. A bit late to ring him now so hopefully someone can shed some light on this. I can see the amount due on Jan 31st. Let's just say to keep things simple, it's £2000. However, my accountant then goes on to say that the revenue will require a payment on…
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Declaring foreign share sale
During the 2007/2008 tax year I sold some shares on the NYSE which made me the princely profit of about $1500, well within my tax-free capital gains allowance. I have confirmation of the sales amount and also a certificate for the US with-holding tax, which I hope I can reclaim. The problem is, can I declare this…
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The student and the tax man
hey peeps was wondering if any of you could share some light on a query i have....i am now a full time student (mature i think i am classed as) but having to still pay my mortgage and bills i need to work(currently have two jobs) whilst studying....i have been informed though that i can claim my tax back in april to cover…
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Tax Rebate - Self Employed
Hi, I work in construction on the CIS scheme. Ive read that when on the CIS scheme you pay more tax (greater percentage) over the year and then when you do your self assesment you tend to get a decent sum back. I have only one job and have not earned enough to take me into the 40% bracket so without listing all my income…
