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Personal Tax Allowance
Hi all, I started work full time in July after graduating. This is my first job since last summer when I worked for about 3 months without being taxed. So far my gross pay is about £3500. About 2 weeks ago I started being taxed (Around £45 a week). I assumed I hadn't been paying tax before then becasue I hadn't gone above…
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Rented Property Council Tax Banding
Howdy! Any advice from those who have been successful??? I have been renting my house from my S-I-L for the last 2 years bills included. In a recent change I am now renting the property plus bills. I was really shocked at the amount of Council Tax she has been paying for such a small property and have been looking at…
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self assessment
Hi all advice please, just about finished the dreaded tax return when it dawned on me that i might be able to claim for some of the utilities gas, phone, electric water, if i can how much, is there a percentage you can get away with? do you have to put the bills in with all your stuff just in case they investigate you???…
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tax on interest - please help
Please can one of you (ex-) tax inspectors or other knowledgable people explain to me the rules about interest on a fixed term savings account? I have taken some out, but think I might have misunderstood about this. I will ring the banks, but not sure the call centre people will properly understand about tax... Presumably…
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Setting up my own tax returns business: advice needed
Hi Everyone. Was wondering if you could help me. My girlfriend and I are looking into starting up our own business from home. Essentially we will charge people to complete their tax returns for them. Neither of us are accountants but we have experience in the field and the resources to complete the often arduous task. My…
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Stop Self Assessment?
Hi, I used to be self employed a long time ago - I can't even remember when I stopped, but I completed some sort of cesation form with a tax return at the time. Since then I've been employed and being taxed by PAYE. I don't have any investments - I don't even have any savings (well, just over 2 quid in one account just to…
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US resident selling 2nd home in UK.
Hi My mother died recently and the house she lived in belonged to my brother who lives in Minnesota. She paid no rent to him. We have been told that he is not liable to Capital Gains Tax in the uk but if he transfers the money out to the US he will have to either re-invest in property there(!) or pay CGT on it. He wonders…
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Fuel card or not??
Hi Folks I have been offered a new job where they will provide me a monthly allowane for a car, rather than have a company car, but I don't know what to do about the fuel.. They have talked about getting me a fuel card, but I want to know what is the best way to reduce my tax liability??? I would really appreciate any…
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HMRC late processing of Self Assessment form
My self assessment was recieved by HMRC on 8th August. Not 2 weeks afterwards, I received a notice for late payment on my account. This notice stated that I would be charged interest on the value oustanding. This, however is not my question as I have resolved this direct with HMRC. The problem is that I was previously self…
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HMRC Put me on wrong tax code - shorfall to pay
I have a rather delicate issue. I work for a larege company and have done since Sept 2005. I was on the correct tax code when I joined (403L). My company sent off my P45 to HMRC in December 2005 and were given back tax code BR1 (basic rate tax code) and as a result. I have moved overseas with work I had to complete a tax…
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Late tax return penalty- can it be voided?
My partner has just received a penalty (£200 total) for not submitting a tax return. In the last tax year he was self employed as an internet researcher from home, but definitely did not exceed his tax code allowance (around £5,000). However, he paid his National Insurance throughout this period (around £2.10 a week). He…
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second job tax question - worried!!
I've had two jobs for the past 3 years, one main full-time job with regular Mon-Fri 9-5 hours and a weekend job of 8 hours per week. I've been paying tax on my regular job, but haven't been paying anything on my weekend job. My main job has a tax code of 603L, second job has 0543L which gives me about £203 per month with…
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argh this whole tax thing is doing me heed in!!
HELP!!!!! In april I was made redundant and within 9 days started working for DSGI PLC at Currys Digital. I submitted my p45 on my first day and somewhere along the line between manager and HR is never arrived... my first 4 payslips were taxed at BR rate then I was issued code 543l after filling in a p46 and sending it to…
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Reasonable expenses for my business (self employed)
Hi, I am employed full time aswell as doing a some freelance self employed stuff on the side. I would like to know what sort of expenses I can pass through the business to save paying too much tax on profits. I was thinking it was feasible to pay my broadband / telephone line rental / office supplies etc. (I am a IT…
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Dodgy company travel policy?
The company I work for has introduced a new travel payment system, instead of paying overtime for travel based on the hours, they are using the mileage from home to the customers site. The system is as follows, if you travel in a company vehicle, then you are paid 40p/mile which is then taxed however if you travel in your…
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Self Employed - personal pension
I've been reading and searching for a few hours and not found an answer to this and i know theirs a vast pot of knowladge out their, i also appologise for not getting the termanology correct. How much can i pay into a pension plan / fund before i have to pay tax on it. I've been told by non accountants its up to £200 per…
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I need to become a Higher rate tax payer ...
Currently I earn around £800 less than the threshold for paying higher rate tax and, to be honest, it would suit me if I was to become a higher rate tax payer. If I add up additional pension contributions and charity donations then this comes to around £4,600 per year. At the moment i get 20% tax relief on the additional…
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Tax on upping your income
HelloDoes anyone know if you have to declare money made on cashback websites, surveys, slice the pie etc. I know you have to on mystery shopping.
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claiming back rental costs
Hi everyone, this is a pretty strainght forward problem I have and I hope someone can advise me. My place of work is 160 miles from my home, so I pay about £300 per month rental costs because I couldn't drive that distance evey day, then there is the travelling costs. I used to be a contractor and I claimed loads back, but…
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another £60 question
my partner was not paid the £60, on her tax code it is 603L/M1 which i believe is the emergency tax cod, how does she get off this tax code? Also will she be able to claim the £60 back that i got?
