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Tax & Survey Sites
Hello, Am quite confused and wonder if anyone knows. 1. Do I have to pay tax on my earnings from doing on-line surveys? (Sites like YouGov for eg.) 2. Do I have to pay tax on money from cash back sites? (Eg. Rpoints, Greasypalm) 3. Some of these sites like Mutualpoints for eg, combine surveys and cash-back. So do I have to…
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Declaring tiny second income- low hassle?
I would welcome any practical advice for cutting hassle rather than tax. My main income is on PAYE and I do not get a tax form, a situation I am very happy with. However, in 2008-9 tax year I will have a tiny amount of other income and estimate I will owe about £15 income tax on income to an estate I inherited from (so no…
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Making up NIC year payments
Hello MSE-ers :) Just a very quick question - I recently requested a pension forecast and found out that during my university years, I didn't pay enough NIC to makes these years valid for inclusion in my total. I'm 29, have about 6 years paid up I think, and am a HRT. Are these worth paying? What benefit do I have in…
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Working Tax Credits helpp
Hello I receive WTC and have recently become self employed. I notified them within a month and they have 2 months later requested further information. I don't want to jeopardize my entitlement. I will of course only tell them the truth on their questions. I'm also employed full time for 35 hours a week. I would appreciate…
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pay
Not sure where to post this, so thought i would try here, as you have helped me before, here goes. In my second job i clean a wee office, just 4 hours a week I get £80 amonth after tax, But it does not matter if it is a 4 week or 5 week month, i get the same. I have been there for 18months, and i think that if it was wrong…
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Working from home allowance on bills
I have been an employee and now moved to owning a Ltd and Director. I am filling out my tax return for when I was only an employee. I have previously claimed for a proportion of gas, electric and water. But as a company I have read that I could claim for rent/mortgage, council tax and home insurance as well. Can I also…
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Tax rebate
Hello, I'm a student moneysaver and have been lurking on this forum for a while now but have kept my head down because I haven't really had any problems, but for this I am just a bit stuck! I'm well aware that the deadline for the paper form of tax rebates has passed but we have until January to do it online I think? I'm…
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Should I bother paying National Insurance Contributions?
I'm self-employed and have just had a letter from HMR&C telling me that there's a gap in my NICs for 2006-07. It asks if I want to make up the gap and says I already have 4 years. The cost of making up the gap is £211.40. My question is, is it worth paying? I'm 23, my business is growing fast, and I've just bought my first…
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Not been declaring
I am a self employed family man, who for the last 3 years has been doing a second job as a Taxi Driver. The 2nd job as a Taxi driver is something I tend to do on weekends. A rough estimate for earnings, would be that I have made around £4k a year. Quite stupidly I have not declared none of this, initially I thought I would…
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duty free
i was thinking of purchasing a big screen tv from pc world duty free at heathrow terminal 5. the tv i was looking at was about £1450 on pcworld.co.uk. do you think i can make a big saving?
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National Insurance
Question: 1. A person is employed part time and self employed for the remainder of the time. 2. Pay NIC's 1,2 & 4 3. Earns £26k on employed basis and £22k on self-employed basis. How is total NI bill calculated? I understand that as an employee he pays NI at 11% and for the self-employed portion pays 8% of profits. I…
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do you see advantages in becoming a limited company
I am a UK based GP getting income from locum work I am wondering if I became a limited company whether there will be any advantages I I have 2 sources of income a. locum work with various trusts b. rental properties (2) producing income I am a high rate tax payer (40%) As a doctor , who is self employed, and invests in…
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M&S VAT Reduction Pass on??
i ordered 2 sofas fro M&S on their 40% off weekend in November. I pay when they are deliveredi n January. Do they have to pass on the VAT reduction if the order was placed (but not paid for) before 1st Dec? Thanks for your help.
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Using a PO box as a registerd company address?
Hello, i have a question, not sure if this is the rite section. I am going to open a Ltd company. I live in a rented flat with a contract clause that I cannot use the flat for company stuff although i would not be working in the flat but going to various jobs all over the place and working on-site there. I want to register…
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What will I have to pay.
Sorry if this sounds like a stupid question but am not overly familiar with the seemingly overcomplicated UK tax system. And before anyone does a search, yes I have asked a previously similar question but remain totally confused. I have been self employed working via a limited liability partnership since September 2007 and…
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Please help £5,000 tax bill
Hi my OH has an income tax bill of £5,000 which spans this year and last. He has already agreed to pay last years at £200 a month and this is too steep and he can't afford it. Just wondered what can be done to either reduce payments or make an agreement to pay. My Dad suggested he can get his tax code xhanged so the tax is…
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BR Tax Codes and Students
My student daughter has just paid tax on a "BR" Tax code although she doesn't earn that much from a part time job working in a pub a couple of times a week. Can she get a refund and if so, how? Thanks
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Help! HMRC want another 20% Tax from my Savings Interest
I set up a deposit account when we sold our house 3 years ago and went into rented accomodation. The account was in my name and I wanted the interest paid monthly into my wifes current bank account, to pay the rent. The B&B wouldn't do this, they would only pay the interest into my account, as I was the account holder.…
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tax expenses
I am self-employed and last summer i was working on this basis as a courier for a company who supplied me with a truck.One day i caught the roof of a filling station due to height confusion and had to pay a £1,200 from my own money. The employer had led me to believe i would be on his public liabilty when in fact i needed…
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Help, Ltd company and PAYE
Hello there, i have a question that is becoming harder by the day lol I am working on a salary on £30970 at the moment and paying PAYE. I have 5 months off work on leave ect and am in the process of setting up my ltd company to begin contracting work. My question is what kind of tax will i pay as i will be earning my…
