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Self Assesment Married Couple
Hi There, I am just completing my self assesment thingy. I live abroad with my wife but still need to declare a 2007/2008 income for the UK. However, I am not sure I understand the Tax Allowance rules for married couples. I tried to read them from HMRC but got muddled up. My wife and I got married in the UK in August 2007.…
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self assesment online - what a scam!
So I spend ages procastrinating and not doing my tax return. Finally did it last night submitted it and ... it did not get received! called the tax office and after waiting for ages and calling back repeatedly was told the system was under maintenance last night so the return is now in the internet ether waiting to be…
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Stock Liquidation
Some stocks i purchased have gone into liquidation can this be written off as a loss on my tax return?
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calculating tax on a one-off payment
Hi All, I am trying to figure out what I will be taxed on a one-off payment from my employer. Everything is PAYE and I am currently paid £37,000 per year. I have a lump sum of £3000. I believe I am on the standard tax code, the lump sum will be paid seperately to my regular pay. Is it simply a case of I will get 49%(11% NI…
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Reclaiming Tax - whats the best way to do it, please help a poor graduate !!
Hello Everyone, Just looked at my past payslips by chance and noticed that i have ended up paying too much tax, as my tax code was an emergency code. I had a part time job in 2005, earning £7000 per year, my tax code was something like 489L. But in July 2005, i started a full time job, £14000 a year, but also carried on…
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Limited Company - Flight Expenses claim eligibility
I am a doctor living in DUblin and work through my Limited company in UK. I do contract work which is Monday to Friday only with extensions of the contract on a 2 weekly basis as needed in England Hospitals. I go back to Dublin on Friday night from Manchester by flight and return on Sunday. 1) Does my Flight charges back…
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Do I pay tax on rent received for 1st-5th April 08 as part of 07/08 tax year?
Hello, Just a quick question here, I'm filling in my tax return but I'm unsure about what to do for the first five days of April. My tenent paid me just before the start of the month for the upcoming month so received a payment on around 28th March. So do I split the rent and my expenses over the month (ie work out a 5/31…
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No payslip booklet or the letter - I can't pay online
I've got the money ready to pay the taxman by the end of the month. I was hoping to do this all online this evening. I haven't received any information that confirms which of the two accounts I need to pay my money into. The HMRC website states:"to pay your PAYE by Internet, telephone banking or BACS Direct Credit you will…
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How do I change my details on PAYE notice?
I received my PAYE notice for this year. My address is still the old one (from June 08), and my name on it is Miss MJ Durkin-Rose (which is an unofficial alias from before I was old enough to change "Rose" to "Durkin" by deedpoll back in 1999.) All of my previous coding notices had Miss M Durkin on it. I keep going in…
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Second job – tax implications
I’m currently earning £21,500 P/A full time before deductions, if I take on a part time job at £12,000 P/A before deductions what will I be taxed on my second income? I’m under the impression that as long as my total income is under £34,800 I’ll still be taxed at my current level, is that correct or will I hit Uncle…
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'Payment On Account' any way to get out of it?
My income tax has been worked out, they want me to pay £500+ for income tax and NIC (that's fine) but they also want and addition £250+ for a payment on account for 2008/2009!? Whhhhy, and does this HAVE to be paid? I was under the impression I could pay 2008/2009 tax by 31 Jan 2010.
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What do I put in Capital allowances box on self assessment?
Hi, I'm hopeless at tax stuff! On the online form I have a box for capital allowances and I have no idea what I'm supposed to include in there. Obviously all of my expenses are included elsewhere on the form. I don't have anything which depreciates, so I don't know what to put? It won't let me put £0 so I assume I have to…
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Self-employed: confused about capital allowances et all
I called the Self-assessment Helpline a few times and when I finally get to speak to somebody, he/she cannot answer my question, or I get cut off. (This is my 6th year working as self-employed and I have never used an accountant because of the expenses involved.) So, here are my questions (and confusions): 1) I bought a…
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Income Tax - Allowances for Self Employed Working From Home
Hi, I'm just submitting my income tax return and I wonder if anyone could point me in the direction of advice/information with regard to allowances relating to the cost of running an office at home. What is permissable and how much as a proportion of household bills etc can I claim. I'm self employed, work full time, I…
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Self Assessment - Stock Take and Visa Cards - Please Help
Hi, I am doing my tax return for the first year of being self employed ( not a full year ) and not sure what to do with a couple of things. Any advice would be great thanks. I will put some figures as a guide etc. Bought stock for 20K (month before up and running) but still owe for 15K on visa or loans etc. Sales £14K New…
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over 65 age allowance
Having just become eligible for my pension, in the two months since I was 65 I have received three different notices of coding. It does appear that I am fortunate enough to be close to losing some of this allowance because of current income. Although in fact the Revenue, at this time seem to be crediting me with a couple…
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Self employed tax credits / gift of income
I already posted this on the 'benefits' section of this website & have received no answers. Apologies for duplication but I need this information - Joyfull I'm self employed, working 30hrs / week with very low income & receiving maximum working tax credits. My mother gifts me £2000 a year to help out. I understand that a…
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PAYE Coding Notice....confused!Please help!!
Have just recieved a coding notice with two letters in it,one saying my new tax code for year 6 April 2008 to 5 April 2009 is 641L which replaces 603L. It also says earlier years adjustment is £318,and this is included in my new tax code. Does this mean i dont get refunded this money? I remember sending a letter about…
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Self Assesment advice....please!
Hello All, My girlfriend has just completed her first self assesment tax form for 2007/08. She only managed to earn a fairly small amount in this year, just over £7k. She managed to claim about £300 expenses (office use in flat, heat, gas etc) She filled out the online tax form and it worked out her tax and NI at about…
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working out net from gross pay
Please can someone cleverer than me help with quick query?? I am trying to work out my net income per month. I know i need to therefore deduct income tax, NI and pension contribution. Should I take off my pension contribution amount from the gross amount first, and then work out the income tax on the remaining amount???…
