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Daughter's first pay- not been taxed
Hi Any advice appreciated! My 18 year old Daughter started her 1st proper job 6 weeks ago & has just had her first pay as they didn't get her set up in time for last months pay - so has just had 6 weeks pay today. Her annual salary for 30hrs per week is £10,300 & she earned around £2000 from April to October with a weekend…
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Employed & Self Employed & Tax
Hi, Myself and a friend are both employed full time and were based in the IT industry and we have decided that as we get asked to do foreigner work quite often, that we would do it legitimatley, so we have set up a bank account in a business name as an informal partnership, we have an amount in cash from work done recently…
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Strange tax code,confused,please help!
I've recently started a new job,approx 6 weeks ago. Its my first job for years,due to having kids etc. When i received my first pay slip,the tax code on it is just B. I earned £259,but ended up with £208,the rest being taken off as tax. Just after i started,a lady from the personel dept,came to me with a form,and said,tick…
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Help please tax on 3 jobs ??
please help LOL I have 3 jobs in total earning approx 1 thousand a month. job no 1 and 2 are in the same establishment but in different departments. job no 3 is part time elsewhere. can anyone please give me a link to where i can work out my deductions. This months pay has been slaughtered and i have been onto the tax…
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Some tax advice for daughter pls
Hi All, my DD (17) has just got a xmas job in a toy store. She will be working 27 hours per week for the minimum wage. Could somebody advise me what her net pay will be? Many thanks in advance Lisa x
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VAT on installments, please help.
Hi, I have recieved a bill for an home information pack, payment was deferred till the house was sold or after 9 months if the house did not sell. # I recieved a bill of £450.00 + VAT a couple of weeks ago, I and the estate agent have agreed to cover this payment with monthly installments, 4 at £100 and 1 of £128.75 My…
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What does your accountant do for you?
Just wondering as our new accountant is basically getting me to do everything and I am not sure this is right, since we are paying him although I am the Company Secretary. I have to enter all the payments and expenses into a database and I also have to submit things like VAT returns myself. Is this normal? It seems like…
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Unpaid tax but not my fault - help!!!!!
hi, i sent a form to the tax office the other week to claim some expenses back, they then sent me a letter back - not about claiming expenses but saying that I owe £500 in unpaid tax as they did not include a flat rate expense in my tax code number. Is this fair and should I have to pay the tax?
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New VAT rate - will wedding be cheaper?
Hi y'all I wonder if someone could simply tell me if, with the new VAT rate, will the cost of services, meals, flowers, room hire etc be cheaper for my wedding next March? What is included in the VAT cut? And will it apply even if I've already booked certain things and paid deposits?? Thanks for any help you can give
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Giving
I trade through and Limited company..and only pay corporation tax. Is it possible to do my charitable giving through my company..and hence allow the charity to claim tax relief that way? TIA
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self-employed but have low earnings, any support available?
Hi all, is it possible to claim any kind of income support/top-up for those who are self-employed but on low earnings? I have been self-employed the last two years and was doing okay until a few months ago when the company I did a lot of consultancy work for outsourced the majority of it. I'm still currently earning but…
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Confused about council tax...
Hi, I am living in my first home (rented) after stopping being a student and am new to the whole coucil tax thing. I'm a bit confused about how it works. I have paid 2 payments totalliing £214 of my annual council tax bill of £642. Apparently I have missed the third and most recent payment so am now being charged for the…
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Will the new 15% VAT rate apply?
I have two upcoming events to ask a question about. I have booked the departmental Christmas dinner at a pub and put a deposit down. Will the preset prices get adjusted to reflect the new 15% rate when we have our dinner? I have also booked a cruise for next year and paid the 10% deposit. The final payment is in a few…
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council tax for armed forces
Hi My partner has recently moved in with me and he is in the RAF. He is only home at weekends, fri and sat night and away all week, I rang the council tax office like the honest person I am and they say I now have to cancel my lone 25% and pay full even tho he is only in the house at weekends, 8 days a month AND in Jan he…
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Earning £30k and £240k in savings. What tax?
Hi, My house sale is going through next week and I am going to rent in the shortterm. I earn just under £30k pa. What tax I am likely to pay on my savings of £240k from the house sale? Thanks for any advice. pmcx9
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newly self employed not a clue sorry
hi just registered as self employed with ir online but i am unsure what happens:confused: now as i stared on 10/10/08 do i have to pay tax in janurary or ? also i was currently unemployed for 2 years before my selfemployment as my partner had a good job ect not claming any benifits will this be a problem with the inland…
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Quicken Coding For VAT Cut Advice Please
Hi I'm using Quicken at work to track the office accounts and will have to alter the rate to 15% from 1 December 2008, but can't see that I can simply alter the rate of the S (standard) code without altering all previous transactions.. I've opened a new one I'm calling S15 and applying it to new transactions but would it…
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help im lost and dont understand
Hi all i currently handed in my notice at work whilst on maternity leave. my employer paid my maternity pay in one lump some up to April when maternity was due to end i have now been heavily taxed on this lump sum and am wondering if i can claim it back the hmrc website is baffling me with the p50 form please help guys and…
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New VAT cut
Hi We are on a fixed VAT rate of 6% as we are in the retail sales sector will this make any difference to us a nice cut would be great!!! But i doubt it.
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Help!!
Hi, I recently started doing some freelance work in my spare time outside of my normal full-time employment. My other half is a chartered accountant and when doing the tax at college they were taught that if you were in receipt of untaxed income, you must inform the Inland Revenue by 5 October after the end of the tax year…