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Please help me - I think the Inland Rev are walloping me here!
Asked on another forum but no help yet..... I recently self-assesed and am being asked for £600 tax. I have main job (earning about 18k) and a self-emplyed job where I earned about £1000 - this is what I was declaring! So, why are they taking so much money from me? Im thinking it may have something to do with student loans…
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Tax Refund Companies, are they worth it?
My union has sent me a form for The Tax Refund Company who are offering to review my tax and try to get a rebate which would be lovely, but then we read on and note that they charge 40% of any rebate (no rebate noe fee). Is it worth going with this as although they charge 40% ultimatley they are only getting money I don't…
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Capital Gains Tax - Advice needed!!
Hi, I wonder if anyone can advise on Capital Gains Tax. I have a property that was a gift to me a number of years ago. I have never lived in the house itself and am liabe to pay capital gains tax if i sell. I have heard that if i make the house in question my main residency for a minimum of 12 months i will not have the…
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How do I make certain my children don't pay tax?
We put a little bit away each month for our two children, only £15 but it all adds up, what with extra on birthdays and the like. I pay at 40% so my understanding is that when they earn more than £100 a year in interest from money I give them they pay tax at my high rate (which is frankly immoral in my view!). One of the…
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Need advice on self employed earnings
Hi there, Im looking for some advice on self employed earnings and tax issues. I'm looking to make some extra cash, been doing some mystery shopping and whatnot and think I'd better get registered as self employed. My main job in administration is full time and on a PAYE basis. The money I will make as a result of doing…
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Work for Charity - Any Tax Breaks Due?
Sorry if this has been answered before; I did a search but can't find anything. Briefly, our business, once a year, does some free work for a local charity. Anyway, I was wondering if there was any tax break available to us for doing this - I understand that if we were donating equipment etc we could write off the cost,…
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NIC Class 4 Contributions
My taxable profits are £13,813.79 but when I calculate my self assessment tax it is working out my NIC Class 4 calcs to be £2880. How can this be? At 8% I get the amount to be £670 taking into consideration the starting allowance of £5435. Please can someone help?
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Council Tax court summons. Help needed
Hi sorry but I posted this in another section, but nothing has come up A friend of mine has had a court summons for an unpaid council tax bill for around 400 quid, on top of this there are court costs and admin fees of around 40 pounds. She's tried to set up a DD to pay off the remainder balance before the due date of…
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tax free allowance
Could someone please give me some advice regarding tax free allowance. My wife has a part time job, she will earn around £5000 by the end of the current tax year. She filled out a p46 earlier in the year and her tax code is listed as BR on her weekly payslip. She pays approx £25 per week in tax. - Should she be paying tax…
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Can I claim tax back on my savings for when I lived abroad?
In January 2002 I left the UK to go travelling in Asia. I thought I might only be gone 6 months but in the end I was away 3 years and returned October 2006. I didnt inform the tax office I was leaving. Can I still claim back the tax I paid on the interest on my UK savings accounts? I am a little worried to contact them as…
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reclaiming tax
My last employer went insolvent and stopped paying our wages in may '08. I recently received a settlement for wages due but this was taxed at basic rate and I was advised to contact the tax office. They have sent me a form (P50) to fill out. However, I have since got a new job so the money I am reclaiming is not from my…
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small business rates. Help needed pls!!
Hi guys help needed regards the council tax on our shop. Current situation is that it is sitting empty waiting for my husband to finish the house we are renovating in order to rent out. It is a ground floor shop and flat above that we have bought. I asked the local council for a discount as the property was empty at the…
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inheritance tax rate still at 3%
I'm paying inheritance tax and I've been looking at the interest rate which is 3% http://www.hmrc.gov.uk/rates/iht-interest-rates.htm The base rate has no dropped to 1.5% and yet the payment for inheritance tax still remains the same. Am I right in thinking this inheritance tax is not linked to the base rate? Will it come…
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Investigation by Inland Revenue
Thank you all for the information and advice. It was very much appreciated.
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NHS nurse.. what can I claim for...
Ok! Its time to claim back some money. So far I've discovered I can claim for: 1. Washing my uniform at home 2. Milage allowance relief (am community nurse using own car) 3. Professional memberships A question about point 3. Can I claim back for membership of the NMC and RCN? And do I do this through my local tax office…
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Claiming clothing expenses
Hi, I'm looking at sorting out tax cliams for the past few years I'e been at work since leaving university and wondered if anyone was able to advise on the following? I am not self employed and all my pay/tax is sorted through my companies payroll. At present I undertake a job that requires visits to construction sites and…
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Income Tax/Company Sponsorship
My daughter (aged 7) is a promising amateur athlete and is now at the stage where she requires quite a lot of private coaching which is going to cost about £5000 a year. My husband, a higher rate tax payer, has spoken to his company and suggested rather than a pay rise (if he was to get one!) this year would they consider…
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New Job, payment date?
Quick question guys. Started a new job Jan 5th, get paid the 21st of each month. Do I on the 21st a) get paid for 16days? b) get paid for the full month? c) not get paid until Feb 21st? Thanks.
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tax expense question
my partner is a self employed childminder,she recently bought herself a laptop,she uses it for both personal and business use,doing invoices and other childminding paperwork,would she be able to claim any of the cost of the laptop as a business expense? thanks in advance scott
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have 2 jobs, one pays tax rate at BR
I work 2 jobs, mon-fri job and a saturday job. My main job is PAYE, and my staurday job is also PAYE but taxed at BR rate. My saturday job adds around another £2k to my overall yearly earnings. Im looking for a new job. If the new job asks how much money I currently earn and a tell them my salary plus the £2k (but I wont…
