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Cutting tax

Archives for January 2009

SA and Bankruptcy
Hi all, Have a quick question about by 2007-2008 tax return and BR. Just about to fill out my online tax return. During the above period I earned some money that I am liable to pay some income tax on. I subsequently went BR in October 2008. I didn't think to include this on my list of debtors in my petition. Am I liable…
tax refund owed to me
In 2002 and 2005, I didnt report my taxes and my income was less than $3k. If I had, I would have gotten back at least couple hundred back Is there any way I can get the w2 forms and have the govt give me back the money they owe me? i was in high school in 2002 and therefore didnt know much about reporting taxes.
BTL: Mortgage interest expense
This is a purely hypothetical question. You can claim mortgage interest as a valid business expense even if the mortgage is secured on your own home rather than the BTL property. What if that mortgage was an offset? For example, your interest only mortgage is £100K and the £100K was used to buy the BTL. You then offset…
£300 tax and NI on £750 earnings???
Hi, I would really appreciate some advice on this. I work full time and pay tax and NI through PAYE. During the tax year 07/08 I also worked part time self-employed. During this period I made £750 profit. According to the online Self Assessment I now need to pay £300 tax and Class 4 NI contributions, almost half of what I…
Can I claim additional relief for a pension that my compnay contributes towards?
Apologies if this has been answered elsewhere - I did a quick search but couldn't find anything. I am a higher rate taxpayer and have a pension scheme with Standard Life. Each month I pay 5% of my Gross salary into the scheme and my company pays an additional 10%. I've claimed the additional relief on the 5% but not sure…
2007-2008 Payment on Account Made, Can't See That Mentioned in Online Form
I'm sure this all used to be easier! I used to just tot up what I earnt, what I spent, come up with the difference and pay tax on it. Now it's got harder... and online. The question: Because of earnings in 2006-2007 I unexpectedly was asked to make a payment on account towards 2007-2008. I didn't know why etc, so I just…
Living in Jersey, some UK earnings
Hi my husband is interviewing for a job in Jersey. If we moved there, it would be for a few years. I might be able to work there but if not, would keep doing some freelance lecturing work here in the UK - up to 18 days a year or so. We would also have our house here rented out. We would not be in the UK more than a couple…
Tax Return. Working Online. Paypal Account. $s and £s
This bit is doing my head in :) I have a paypal account. Dribs and drabs of income drop into it, in $s and in £s. Occasionally I buy things, in $s and in £s and if they take paypal, then that's how I pay. Throughout the year, if I spot Paypal has quite a few quid in it, I'll click to transfer that to my bank account. There…
Online Filing. Employed AND Self-Employed. Can't Find Self-Employed Section
I know it's late, but I thought the online system would be straight forward :) Anyway, I logged in and first selected my employment. Gave it the employer name and filled in the sums. Then I stumbled across the savings section, so filled out my interest earned on savings. So then all I had to do was the self-employment ...…
Can I claim back NI contribution?
I might have this completely wrong (:rotfl: ) but I was wondering if after the end of the financial year I can claim some NI back. I work part time in a PAYE job and have NI contributions taken, all fine and dandy. I work part time self employed and pay extra NI (class 2??) . I seem to think that if your self employed work…
Anyone else having to trouble using self assessment today?
Hi, I can get as far as 'any other information' on fill in your return and no further. Anyone else getting problems? I can't get through on their phone line either which leads me to suspect their systems have collapsed again. Nothing about it in the media yet though.
Am I entitled to a tax-rebate?
In February 2008, I began working on a temporary contract. I was being paid weekly at £9.00/hour on the tax code BR W1 for the first two weeks and then it changed to 522L W1 (emergency tax). I had given them my P45 from my last employment. My tax code then changed in April 2008 to 543L (as I understand to be an emergency…
Government Gateway password being e-mailed
Hi folks I've lost my password for online self assessment with government gateway so I've filled in all the details and it said that they will e-mail the 2nd half of the new password to me. This one 15 mins ago and no e-mail! is it just taking a while because the system is busy?? I would've though it would come through…
Tax refund 2007/08
Hi, I submitted a paper return last october but havent heard, I phoned to chase it but was told although it should have been actioned by now, they had a delay, they owe me a refund as I have been and am still paying emergency tax. How can I speed them up. They say my return is sat in a pile in edinburgh and cannot be…
Sub Contracter and Contracter in same year
I was ready to complete online and was using paper SA form as a guide and dont really know the answer to this OH was a sub contracter for part of the year and had tax deducted @20% , he then moved on to contracter and deducted and paid tax for the sub contracter working for him. question 79 on the paper form about…
Claiming Tax Back
Hi iv just looked at some old pay slips and just realised when i was 16 i was paying tax. the first payslip i got was the 1st november 2005. would i be able to claim this back or is it too late? if i can how do i go about doing it? iv tried to look up how but its all confused me thanks!! Bea
Wrong NI number on payslip & Wrong Tax Code
Please excuse me if I have posted this in the wrong topic! I been in a job for 12 months and just noticed that my national insurance on my payslip is incorrect! Although my money has been goin out to the incorrect number each month and I have not received any notices of non payment to my own National insurance, How do I…
vehicle depreciation how and can i claim
i have registered and filed my s.a online today. the chap at the tax office was very good and helped as much as he could but he was pushed because of the amount of people coming in obviously the 30.01.is a very busy time.... one question i bought a vehicle for my business and use it solely for business can i claim any…
help re WFTC can anyone do a sum?
:confused: Hi there, I have spent today glued to the phone waiting for my accountant to call....I called him this morning just confirming that indeed he HAD phoned the WFTC to let them know for def what I earned 07-08 It's not that its that much - £5719 but most of it is employed earning (p/time) and a little mystery…
will i get fined
have done OH tax and partnership records.have filed his own sa100 on line via hmrc and paid tax owing.however i purchased andica to submit sa800 but it wont download..am prob ging to try and get ftax(if theres time to do it by tomorrow!!!) if i cant, but i have my receipt for andica and copies of e mails sent to them(not…

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MSE News

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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
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Cutting tax

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