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Tax advice needed
I was working 1 part-time job and have now been offered another part-time job which i will start next month. I need to know if its possible to claim clothing allowance on both jobs or is it only on 1 job? I am provided a uniform by both jobs. Also, How will my tax be calculated? The pay for both jobs will be about the same…
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Help needed with CGT rules
i bought a house in 2000 for 50,000. rented it out from april 02 - june 03 then again from june 03 - jan 04. I then moved back in the property and sold it december 2005 for about 100,000. The tax man has just got in touch for the rental income i made. Also he is aking me what price i bought and sold it for. Surely i am not…
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Council Tax help
Hi, I've been trying to work out if I'm entitled to any help with council tax, and I keep going round in circles. Situation: Living with boyfriend in a 2 bed flat (renting), I'm a full time student, only income currently is loan/grant. Boyfriend's income is around £14,000 working full time in a call centre. We get the 25%…
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Income tax on Dividends
Hi, been reading this forum with interest. I'm currently studying and have the following question I'm struggling with. If you could help I'd be really grateful: The answer is £625 but I cant work out why! Daniel has a total taxable income of £35,800 His dividend income within this amounts to £4,000. The total income tax…
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Inheritance tax question?
Hi, My parents are concidering taking out a trust so that if they ever need to go to a care home or anything happens to them that the council/inland revenue can't takethe equity from their house to pay for their care. A friend at work mentioned to me that there is a clause stating that if my parents should die, or need to…
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Claiming back tax??
I work in promotions part time and thats my only job, for every job I get taxed 20%. I worked out for the last tax year I earnt in the region of £4000 but that was before tax was deducted. Can I claim back the tax that Iv paid as I was told you can earn £6000 tax free per year. If I can, how do I go about it? And how long…
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Second job / IR35 question
Hi, I wonder if anyone can advise me please. Sorry for the long post. I am currently employed (PAYE) and have just started doing a second job, providing expertise on a couple of projects for a consultancy firm. I would like advice on the best way to set myself up from a tax perspective and with respect to IR35. The…
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cheli
Hi to all,can some help please? I have taken voluntary redundancy, i have worked for my employer for eight years and will recieve the maximum weekly limit of £350.00, 8 weeks +4 totalling to12 weeks pay all in. I will receive a week and a halfs pay for each complete year of employment totalling to £4,200 + i will recive…
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Accommodation Allowance?
Hi, i have just started a new job. I earn a basic salary plus i also get an accommodation allowance paid to me directly by my employeer. Both of these appear in my payslip and i pay paye on the combined total (basic salary+Acc allowance) Is there anyway i can claim back some tax? I currently pay 20% Thanks for any help
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Mileage Allowance Relief Query
I have a company car which I get 11P per mile for business use. Can I claim MAR on this? i.e. the tax on the difference to 40P?
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Expenses...not self employed...
edited for munch
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Charity Donation tax deductable?
Hi everyone, Does Charity Donations to charity organization and church tax deductable in UK?
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Tax monkey off our back for another Six Months!
Have just paid our 'on account' tax bill - feel as sick as a parrot handing over the cash but at least it's done now and we had the money to pay it. I just wish my dear hubby would have waited until the 31st - I don't like paying it a moment before its due!
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self employed tax help please!
Hi, Firstly i'll apologise for my ignorance but i'm asking for help and advice so please dont be mean to me!! My partner was unemployed for a while and has been offered a job working with a friend of a friend. Its contract roofing for a specific company. He's never been self employed before, neither have i so we basicly…
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Emergency tax help please ?
Hi there, was wondering if you can help me as Im not too clued up on this. I started a new job in April after not working for the previous 12 months. Since I started I have always been on emergency tax code 647L W1, and I have now been paying tax now for 3 months. Someone has told me I am allowed to earn £6475 a year…
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£1,200 Council Tax bill just arrived
Hi I recently bought a 2 bed flat with my partners. I am a Full Time student, however I am only in class for 20 hours a week. I did recieve a Student Council Tax Application from the council yesterday, however it says I need to be doing 21 hours? Will I still be able to qualify, as I am on a full time course, however Im in…
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How to find a good accountant?
Hi, I have a limited company and so far have used two accountancy firms. The first one was a small firm with around 20 staff and their charging was by the amount of work they did on your accounts, and their hourly rates were high so I was paying alot for their services. The second was a large accountanty firm who have a…
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Other half self employed and paying me a wage
My other half is self and employed and the accountant suggested that he started paying me a wage and that i wouldn't be taxed, so it all goes in the same pot if you like but if he were to earn it he would be taxed. We've come to the figure of 5k, i really do do all the paperwork for the business. I understand that i won't…
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Dividends
Hi all I have a ltd company registered but its not trading, I've been looking into doing a budget and part of this is wages / dividends and could do with a couple of pointers. firstly any wages / dividends will total around £30k Am I right in saying that the dividend will be taxed at 10%? Could I pay myself £10k salary and…
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Claiming Vat back on purchase from the US
I am hoping to buy a laptop from the US and get it sent to my mum in the UK who then is travelling to china to meet me (I am travelling for a year) and give it to me. Is there anyway to claim the VAT back that I will pay when the laptop enters the UK? Thx Also if I get the laptop sent to chile, NZ, OZ or HK from the US…
