-
Self Assessment Question
Hi all, just looking for a bit of advice about self assessment. My DH is a black cab driver and last year we had an accountant work out our tax for us and sent in a paper form but this year I was thinking about doing it online. We would still be using an accountant to work his taxes out for us as it's too complicated for…
-
Can I still get a rebate if I earn over the personal tax-free allowance of £5,435?
Hello, I just started work this week, my first job this tax year April 2008-March 2009. I was just wondering what happens if I go over the personal tax-free allowance of £5,435? but someone told me it was £6000. Should I be trying to aim to earn below this amount so I can get a full rebate back on the money I have earned…
-
10p tax saga rebate question
Below are my salary payments so far this tax year. My salary is £11.5k pa. My question is, should there have been a slight rise in the payment for September due to the tax changes after the 10p tax band saga (and subsequent "rebate")? According to what I've read people are getting an extra £10 a month? 24/09/2008 BANK…
-
Income tax confusion!
Am I right in thinking that I can earn up to £6020 without being taxed if my tax code is 602? I have just started a new job and I'm currently not getting taxed (only NI). It'll take me about 4-5 months to earn that much, so does that mean I won't be taxed until that point? Soo confused! I thought you had to pay tax…
-
ISA Tax Issue
I understand that ISAs and PEPs are tax free with regard to Income Tax, but do I still need to declare them when completing a self-assessment form, or can I just forget about them? Thanks.
-
Do i really need an accountant.
I have just become self employed and am in the process of registering with HM Revenue and Customs. As i am a sole trader and i do not need capital to start and i wont have many expenses coming out the accounts are really simple. Do i really need an accountant? Will they save me more money in tax than they will cost me? And…
-
company car - what are the rules
I have been offered a company car - but would like to use my own car for travel to and from work and also for company business. I would like my husband to have permanent use of the company car i.e. the car will not be used for my work. However, can I still have my company car insurance, breakdown and car tax paid for by…
-
Possible move to Hong Kong
I have been offered a secondment/job change from UK to Hong Kong, and may do this for 12 months. If I do undertake, I will hope to gain from a 16% income tax in HK instead of 40% in UK, as I assume I will be paid in HK Dollars. What, if any, tax implications or penalties do I face having to transfer mortgage and other…
-
Tax Codes
Hello all, just trying to work out what tax I pay. I get varying bonuses every month (overtime / shift and weekend bonus's) so thought it would be easier looking at one month. My total payments pre-tax are 2303.57 inc. bonuses I then have total deductions of 706.71 This is where I get confused, I don't know what deductions…
-
Two jobs and Tax?
I have worked for Tesco for about 3 years. I pay NI and Tax on a small scale because I only work on Saturday and Sunday. I now have a full time job Mon-Fri, of which I'll be earning around 17k. What do I do now? I heard the Government charges a lot of a second job, but I wouldn't class this new job as a second job, and is…
-
Tax return Q from a Newby
Apologies but having read stuff in this section and reading the HMRC website I am slightly confused, here are my circs if you can assist. I started self employed this August (2008). I have registered with the HMRC. When exactly do I need to fill in a tax return for this financial year 2008 -9. I keep seeing by January…
-
How to reclaim tax?
Hi, I had a 2 month contract with the Job Centre during the summer. The first month I paid Emergency Tax (I think).. They told me I didn't get it back in my next payslip I'd have to claim it back through Inland Revenue or whatever, but I have no clue how! Where do I get the form and what documents do I need? I'm not sure…
-
Tax on second income
I retired from teaching this year and I have a small teacher's pension. I was able to get a part time admin job - 10 hours a week - not great pay but it helps a lot. I am taxed on my teacher's pension. Does the amount that I am taxed on my teacher's pension remain the same. As far as I know I get taxed separately on my…
-
Very late tax, CCJs and what next
Hi folks, sorry if this is a bit of a ramble Ten years ago I was doing quite well for myself but there was a recession in my field of work and within a year I was broke and had lost everything. The whole thing got on top of me and after losing the plot for a while, living on people's floors for a few years, attempting to…
-
Non Resident Tax Query
Hi, Wondering if someone can answer some tax questions. my wife and i are moving to Oman for 3 years in December. My wife has been a home maker for three years and has not paid tax. We own our own property which we rent out as we live in married quarters, the house is owned by me, and the rental income paid to my wife. We…
-
Another tax rebate advice request.
Last year both my girlfriend and I had two jobs each (both part time), on our main job we both had our normal tax code and on the second job the BR code. All fine so far. We've done this before and fine with that. The first job supplied is with all the proper bits, wage slips and P60. The second job never sent us a P45…
-
Child Tax Query
My father who lives in South Africa wants to transfer some money over for my son who is 2. It will be transferred into an account in my sons name. What is the maximum he can send without my son being liable for tax? Cheers John
-
Capital Allowances
I have started up a new business on the 1st Jan 08 and purchased a van for use in my business. I understand i can get 50% first year allowances for this purchase. Am i restricted to only claiming back 3/12ths of this amount back from my 07-08 tax return or do i get all of the 50% back?
-
sept tax rebate
can anyone tell me if the £60 tax rebate we should have all had should have\shown\as a\tax rebate on the pay slip or is it taken in to account in the new tax codes
-
Personal allowance query
Hi..I understand this is £6035 at the moment.Does this tend to go up annually as a rule?Or does it rise and fall? thanks ian
