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overpaid tax on wrong code, made redundant so want my money back! help!
sorry if theres anything regarding this already but i couldnt really find my answer anywhere.... or at least make sense of anything! I've never paid tax before as I've always been a student and now im confused! I was on job seekers allowance for about 10 weeks then got a job in october, I was put on basic rate (even tho I…
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Tax on rental property profit
Hello Gurus, Could somebody explain it to me how to calculate tax on profits coming out of rental property? I can find a lot of information on how to calculate profit but how do I roughly calculate tax on the profits? Also whats the procedure of filling tax for rental profit to HM Revenue.
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Cutting Rental Income Tax Liability
Hello All, I have three interst Only mortgages that i recieve rental income on. Because of the recent changes in interest rates i am now recieving substantially more in rent than i am paying in Interest. Does anyone know the best way of avoiding a large tax bill next year for the extra income? Thanks
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Self Employed - Tax Question?
If you are self employed how many weeks holiday are you allowed to take? I know you can take as many as u like I suppose but say for the tax return, I said I was earning £100 a week for 48 wks is that okay? or could I say 47 wks? Also what happens if you are un well and don't work for a few days or a couple of weeks? What…
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Council Tax after death?
I am executor of my late MILs estate which which is really only her house. Probate has been granted and the local Council gave 6 months free of Council Tax. That 6 months is up and now the council is sending bills for the remainder of the years CT. The bill is addressed to "The Executors of........" and the property is…
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Inheritance Tax Question
Hi I wondered if anyone could answer this rather complicated question regarding inheritance tax. The fact are Total estate of 460k cash and 400k property. The property is split one third two thirds between two sisters. One of the sisters will buy out the other sisters one third but will need to raise 140k. I understand…
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Info required on tax return
Hi All, hope i'm on the right forum! Someone at work just wanted to know what info is needed when you file online regarding receipts? Many thanks in advance Lisa x
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What year does tax get paid?
a simple question - If I did some work in one tax year but was did not receive a cheque until the next tax year, is the tax due for the year I did the work or the year the money reached my bank?
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Not being taxed
Heya, I've been in my job for nearly 4months now and Im not having any tax taken off, Im positive on November pay slip I had a minus next to how much I was meant to be taxed but on Decembers theres nothing. I paid tax on my last job but left last Jan and was on JSA from then until Sep. When I started I gave my P45 in and…
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claiming back overpaid tax safely
hi my employers do not take R80 forms and say to claim back tax that has been over paid with the relevant tax office. According to direct.gov i think in these cases you are supposed to post your details and p60 to the tax office to claim it back. Is there a better way of doing this, as surely thats not very safe? Also will…
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Wrong tax code and leaving employer
Hey all I've been in the civil service for past 5 years and am leaving to work elsewhere next month. I took an unpaid career break June-Sept 2008, and as per civil service career break procedures I received a P45. Upon my return to work in Oct I gave my P45 back in, but it got lost, and due to a technical issue I have not…
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Help calculating tax
Despite sending in his paper return in good time, and checking it was received, OH still has not had his bill from HMRC, only a demand that he pays what he is due by the end of the month. He THOUGHT he had kept a copy of the return, but cannot find it. I have the actual figures here, but cannot remember exactly what he…
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tax returns..Umbrella company..who is my employer?
I have been working a local authority under an umbrella company. for my tax return who is my employer...the local authority or umbrella company?:confused: thanks for any help
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how much SelfEmp turnover before show accounts?
previously the threshold amount of self employed turnover before you had to show detailed accounts was £15k, but working my way through form it hasn't cropped up so far. Did they change it, I did pass a window that said above £65000ish and below £35000ish at one stage.
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Tax on redundancy payment.
I am being made redundant in early March, and my employer initially agreed to pay me my redundancy in April (new tax year) which will allow me to pay tax on (the taxable part) at 20%. They are now saying they cannot due this due to tax rules, and will pay me in March, which will mean I will be taxed (on the taxable part)…
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wrong tax codes
Hi, A friend of mine works in a local bar and was wondering if her tax was right - she is on code 543L, which i was under the impression that this is an old tax code - with current tax codes starting with 6 (i.e. being able to earn 6 grand without paying tax). Is her code outdated and if so can she get any tax back? Thanks…
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Council tax confusion
I'm having all sorts of problems with two council tax bills for two people. My friend owns the flat and am his tenant. Owner got the usual council tax bill on 1st April for £1299.79 These were the payments, of which I pay half: • £129.79 2nd April • £130 1st May • £130 1st June • £130 4th July • £130 1st August At this…
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How Much Tax Will I Pay.
i left work last january 2008 after working for 11 years for the same company. i decided to take some time off maybe a few years to look after my young family as i was missing out on so many things. in may 2008 i sent my P45 off to the tax office for a rebate as i hadnt worked the full year and i wasnt planning on going…
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Tax rebate for washing work uniform at home
Would welcome any advice please. I am looking in to the tax rebate for washing uniform at home. Am I correct in thinking that as long as the uniform has a logo etc and the company does not supply laundry facilites at work you are allowed to claim for washing the uniform at home? Does the company have to agree to the tax…
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When is tax due to be paid?
Found answer!
