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New VAT rate on Cruises
I booked a cruise for next year and paid a deposit. Now that VAT has dropped by 2.5% I asked the Cruise Club I booked the cruise with if it will affect the balance when I pay next year and they have told me you do not pay VAT on a cruise if it sails out of Southampton and back again. Anybody know if they are telling me the…
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Cash Gift
My Mother-in-Law wants to give us a substantial cash gift, as she feels it will be more useful to us now, rather than leaving it in her will. Can someone advise if the tax man will want to get his hands on some of it and if so, whether there's a legal way of reducing the hit :confused:
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whats happening with VAT rates?
why do i keep being charged less? and the reciepts are saying reimbursed for VAT? I'm not complaining just enquiring :)
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Second Job + Tax = Confused
Right, tax confuses me to no end. Here's a scenario for anyone who might be able to help. My main job, as airline cabin crew, last year brought in approximately £22000, however only £17300 of that was taxable as I receive some payments tax free due to the nature of the job. My tax code is 603L. I have an interview for a…
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cgt and taper relief
I am confused by how much I need to pay in taxes at this moment forgetting rental income and expenses. I bought a property in 1987 for £54000 and sold it March 2008 for £125000 making a profit of £71000,by the way I did not live in it. Thanks, Horseman
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Using your child's Income Tax Allowance ?
As far as I understand it everyone under 65 in the UK starts with a standard annual tax free income allowance. I was wondering if it is possible to use a child's allowance to avoid the family paying as much income tax? Perhaps the child could be paid savings interest income, rental income or 'employed' to avoid income tax?…
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wondering if i can claim back any moneys
ok i am a full time student however have a full time job also and earning about 20k a year. i was also told that on my first 5k i will not be taxed, however that was not the case i was taxed and heavily. am i able to claim back money. a few people have said that due to me still being a full time student i shouldnt be…
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Laser Eye Surgery and the new VAT rate
On the 25th of November, I booked a date for Laser Eye Surgey with Optical Express. On the day, I paid a £200 deposit. My date of surgery is the 20th December and my balance needs to be paid off in full by this saturday (6th December). Am I in anyway entitled to a refund in accordance with the reduction in VAT?? ANy…
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Council Tax Changes - Notify Council within 21 days?
Hi All, Does anybody have any knowledge regarding the rule that I have to notify the council within 21 day of a change to be elligible for an exemption? My rental property was empty (and unfurnished) in harrow, for the last month and the council are now claiming the full tax on it as they say we did not notify them of the…
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Tax Rebate...help
Hi, Was wondering if anyone can help me I was working through and agency for 6 months earlier thsi year and was working through a PAYE scheme. Now, I was told by my workmates that I would be elegble for a tax rebate, due to me paying tax annually but only worked on a 6 month contract..? Does this sound right? If so, would…
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are work allowed to tax me on my expenses
not sure if this is the right place i work for a company who pay my expenses travel lunch stationary etc but i have noticed that they always put it with my hrs and hen im taxed (heavily) for it is this right cause other comapnys ive worked for all expenses were extras and was told non taxable can somone shed some light on…
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Everyone Pays TAX!!!
My wife recently went back to work after a long maternity leave, 2.5 years. She started work in October and her salary is low, approx £10,000. Apart from a few pounds interest on her bank account she has earned nothing else this tax year. Unfortunately she is paying nearly £76 tax per month. When I asked her to query this…
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Internet business in tax haven?cyberspace
If I wanted to open an internet business,could I register a trust company in say Gibralter(Tax haven),and let it just operate in cyberspace? Is anyone here familiar with these things and would like to share with me please?
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Thanks Darling !!
I'm Vat registered and self employed. I'm on the flat rate scheme where I dont claim back any Vat on goods/services but pay back a fixed pecentage to HMRC (currently at 7.5%). I've calculated that I will be over £1,500 worse off due to the lowering of the Vat level, as my pay back to HMRC has remained the same. I presume…
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IRS Self-Calculating Tax Forms
About pdfTax Have you ever wondered why the IRS doesn't add calculations to the pdf tax forms on their website? After all, some states such as Alabama, Ohio, and Oklahoma have done exactly that. We don't know the answer to that question either, but we have added the calcs ourselves. The pdf tax files on pdfTax were…
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Tesco and VAT
Went to Tesco today (1/12/2008) at the Mayflower Retail Park in Basildon to purchase petrol and have noticed that I have been charged 17.5% VAT on the fuel. Should I have not been charged VAT at 15% as the rate has changed today? thanks
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Probate and Inheritance
Hi, My grandfather passed away last week and I was wondering whether anyone would be able to give me any advice as to how long probate and inheritance may take? A friend mentioned that it can take a year or more to come through which is rather worrying as my mother gave up her job three months ago to look after my…
