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help!
I recently sold my property and moved into my fiancee's home which needed a lot of updating. I spent about £30,000 on renovations/updates etc. Then my fiancee made a transfer of deeds into joint names for both of us. On the documentaion I stated that I had paid £30,000 into the property. does anyone know if that will have…
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Council Tax Single Person Allowance
For the last 15 months my husband and I have been living separately. This is because we were relocating and I went on ahead of him. We bought the second house while we were in this gradual move situation. I moved ion June 2007 and my husband finally moved out of the old house just this last month. I have now phoned the…
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confused about tax - do i pay?
ok. so i got my december pay slip the other day... so at the top under NI Cat. it says: A and under Tax Code it says: 609L And under deductions, there is nothing. At the bottom under Tax year to date it says £0.00 Also have just noticed that my hourly rate has gone up! woo to £5.81 an hour! can someone expain what this all…
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destraint order
i am self employed and have received a letter from the inland revenue Asking me to pay my tax for the year, it is overdue and have been asked to pay it in full before tomorrow 9th december i have been having money problems and havent been able to raise the amount required in full, people owe me money and work has been…
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How can I make a complaint about an accountancy firm?
My old accountants charged me a hefty fee to transfer all the documents over to my new accountants. However, there is a lot of stuff missing and I am having to call them almost every day to get them to send stuff, like copies of invoices, photocopies of VAT returns etc. They have also seemingly messed up a lot of the…
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Online tax calculator
Hi, I pay my self assessment tax on account, this means the IR assume I am going to earn the same in the current tax year as the previous year and I have to pay my tax in 6 monthly chunks. My income for 07-08 was high but for 08-09 it was low, I have predicted what my income would be for 08-09 its a combo of salary,…
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15% off at memory bits - Today only
www.memorybits.co.uk Posted this in grabbit while you can, but thought it may apply here too, with it being the Techie Forum. Quote 2415 at checkout.
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Confusion over class 4 NI
Hi, I'm sorry if this has been asked/answered before! I'm a bit confused about the difference between the 40% tax threshold and the upper limit for class 4 National Insurance. Am I right in assuming that:* The 40% tax threshold is £34,800? * But the upper limit for class 4 National Insurance is £40,040 at which point it…
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OAPs' and the 10% Tax Allowance Changes
As an OAP, I looked forward to the tax refund that the Government promised for September. When it did not arrive, I queried the Tax Office. I was then told that this was correct because my age allowance had been put up from £7590 to £9030 for year 2008/09 to cover this change in taxation. On checking, I cannot find any…
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Income Tax Help
Hi All, I need a bit of help regarding Income tax - I am approaching the 40% tax band and want to know if there is anything I can do to avoid it. The reason being is that I will take home less than I was earning in my previous tax band. Can I ask my employer not to give me a bonus, so I wont go into this tax band??????…
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NI Contributions 2006/07 tax year
I received a letter from Revenue and Customs saying that I didn't pay NI contributions for the full tax year 06/07, which is correct. I don't really need help with this but I'm interested to know what was the minimum amount of NI contributions that you had to pay in that tax year for it to count as a qualifying year for a…
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"Pocket Money" or "Allowance"
Should pocket money/allowance provided by parents to self-employed 16 year olds be declared on self-assessment?
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should a 17 year old pay tax
My daughter is 17 and has 2 part-time jobs. One is 6 hours a week the other is usually 4 hours a week. Her first job which she has had for the last 12 months does not take tax from her however her second job which she has had for 3 months taxes her at basic rate. It's hardly worth her doing the job. We have informed the…
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Tax on fuel card
Hi I currently have a car i pay for myself and complete a very small amount of business miles. I get a car allowance which is taxed as income. I get a fuel card which is for all of my fuel (personal and business). Currently i get taxed on it the following way: It goes as a benefit on my P11D and i fill in a self…
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Capital Gains Tax Assistance Please?
Hi There I unfortunately (or fortunately i sold it at all in the current climate) didn't manage to sell the house i was renting out till after the April 5th deadline so i'm in the 18% CGT boat. However we did live in the house from May 1994 (when we bought it) till Dec 1999 as our only property before then starting to rent…
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Duty on alcohol, tobacco and petrol will rise to offset the VAT cut.
Accordin to BBc moneybox .Duty on alcohol, tobacco and petrol will rise to offset the VAT cut.Anybody know if this came in to effect on Dec 1st or is it in April 2009 ,the new tax year.?
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Income tax on endowments?
When an endowment policy matures to pay off a mortgage does income tax apply to the full amount or only to the surplus after clearing the mortgage? Like most I’ve got a predicted shortfall so many years ago change to a part repayment and have also been overpaying the interest only portion. So if there is a surplus I’d be…
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Tax rebate has arrived! But a little low?
I've just received a weekly payslip of £1,026 which includes last weeks pay of around £230. This is a welcomed rebate but considering my gross income is £10,380 and I've paid £2,076 in tax -- does this seem right because I put these figures in the rebate calculator found here but it doesn't add up. Could this be because of…
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Working abroad, but living in UK - tax help please!
Hi there, Wondering if anyone can help. I currently live and work abroad outside of the EU and became non resident for tax purposes in May this year. However, I have now been offered a job working abroad (on board an aircraft) for a company based in Luxembourg. The company want me to live in the UK though close to a London…
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Inheritance Tax
Hi, what is the current inheritance tax if the last surviving parent dies? Thanks
