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2 Jobs tax question
Hi There I am currently in full time employment in 2 jobs I work in IT for 40 hours a week and earn 18K a year (i pay £58 a week pension) I am also in the TA and got paid £1677.89 (2008 / 2009) and paid £368.94 tax could you tell me if this is correct as its a bit steep! Regards
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tax refund - please help me!:(
Hi everyone I'm having a bad time with my tax refund. My story: at the end of may I'd booked myself an appointment in waterloo revenue office to do my tax refund. The lady said like every year wait up to 6-7 weeks If u havent receive a letter from us call.so I've waited 7 weeks and nothing.Called them up asking whats…
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tax refund - please help me!:(
Hi everyone I'm having a bad time with my tax refund. My story: at the end of may I'd booked myself an appointment in waterloo revenue office to do my tax refund. The lady said like every year wait up to 6-7 weeks If u havent receive a letter from us call.so I've waited 7 weeks and nothing.Called them up asking whats…
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Council Tax
I am about to buy a flat with my partner, and I was wondering about council tax. She is a part time student (as well as working part time) and I work full time. Would we be entitled to a council tax reduction?
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my tax return/rebate has been "selected"
08/09 is done and has been passed for payment phoned today to be told my return has been "selected" for more detail search the guy said 1 in 100 get randomly pulled out to check for fraudulent claims etc.... i know i havn't claimed for anything else , and i use the voucher system where my tax is deducted from the…
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Taxed in the wrong tax year
At the end of the last tax year, i did a few jobs for an agency as i hadn't gone over the £4000 earnings in a year allowance so that it would be tax free. As I was working up until the day before the end of the tax year, which was a sunday, my agency made me sign a document which i assumed would mean i'd get tax for that…
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Self Assessment Tax Return Advice
Hi all, Just a quick question as I think I've figured out the rest. The interest on savings from bank accounts figure, is just this the total yearly interest from savings accounts where tax has already been deducted from the interest, just interest from ISA's or both? Thanks in advance Lynsey
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help with tax return
ive been told i need to start paying tax on my buisness from home, i only earn a small amount a year but i have a second eveing job that i don't pay tax on. i need to know what i can claim for on my self assesment tax form. i don't want to pay for a accontant as it would cost more that just paying tax without claiming.…
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Need advice re company car please
HI, I've got a company car and have always paid the tax for private use, put my diesel receipts in which my boss then claims the vat on as normal. Now my boss wants to change the way it's done. He wants us to buy our own car and claim mileage. This means I now have to get a credit card in my own name, pay all diesel and…
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Accountancy or Tax training?
I have no formal qualifications other than an A level in Accountancy although I have 30 yrs experience of accountancy in practice e.g. year-end; incomplete records etc. Practical experience of tax is limited. Accountancy firms need insurance cover for their staff and with future employment in mind, which would be the best…
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How long does it take for tax rebate?
Hi i was just wondering if anyone knew roughly how long it takes for IR to sort out a rebate? My partner applied in may and we haven't heard anything yet tia
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Capital Gains Allowance
Hi All! I have a query regarding the treatment of taxable persons when it comes to selling a home. Basically I am aware each individual is entitled to £9,080 of tax-free capital gains per tax year. My question is that, if one was to sell a property, could they sign over £9,080 to multiple persons (e.g. Family) so that on…
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Tax Repayment Question
Hello, I'm trying to fill in the tax repayment form R40 and have a question about interest earned on savings. My income is below the amount to pay tax but I've paid tax on savings which I'm trying to get back. However, for my Natwest savings I handed in a R85 form during the year - therefore some interest was paid gross…
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net after tax
Hi a pension received is £21,319 with no NI payments and a salary is also received of £26,839 with NI to pay single person under 65 could anyone tell me roughly what the net income would be.....obviously some of the joint income will be at 40% tax Thank you
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Calculating tax from P11D benefit against P60 etc
Can I please have some help with regards to calculating the benefit from my company car. I want to check that I am correct that I am to add the benefit from the P11D to my gross pay on P60, and them minus the personal allowance? HMRC have adjusted my 2009/2010 tax code to reflect money I owe in 2006/2007! I was trying to…
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Being on the Property Deeds of 2 houses
Does anyone know if there are tax implications of being listed on 2 properties? I currently own my own property with my husband and my mum would like me to be on her deeds too. (there will be no income from her property). I only earn a very small wage but want to be sure there would be no tax implications before agreeing…
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Tax on Benefit in Kind
Hi kind folks, I have a question I wonder if anyone can help with. At work I get BUPA, which is obviosuly a benefit in kind which alters my tax code by £987, the question is, how much is this actually costing me per month, off my salary? I ask because our BUPA subs are going sky high due to an ex directors wife making a…
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Tax Due on Mother,s flat I own?
About 10 years ago my Mother gave jointly to me and my brother ( who lives in France ) her flat in Scotland where she continues to live. She pays no rent and pays all the usual house bills like council tax..etc. I have, nor has my brother done anything like showing we own the flat in the sense of calling it in out tax…
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Entitled to Refund: How?
Hi guys, How do one know that he/she is entitled to refund. Cheers
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Self employed, how much do accountants charge ?
My nephew is self employed and getting close to having to have his first years accounts done..........He's hopeless at doing his books and I'm pretty sure he's going to turn into the type that just piles all his years business into a shoe box and dump it on the accountants desk ! He was asking me how much it would be for…