-
Do I pay tax on a cash gift given to me and my girlfriend?
:beer: My girlfriend and I will hopefully be buyinh our first house together. We have over £8,000.00 (eight thousand pound) in savings. Her Mother has very kindly agreed to give her £20,000.00 (twenty thousand pound) as a gcash gift towards a deposit. Do we need to pay tax on this large amount of money when it's transfered…
-
Tax advice required on second job
Hi, I have a main income working full time which earns £28,500 per annum. I also have a small business, fully declared etc, which earns approx £6,000 per annum (first year trading, so only a projection).... How is the taxman likely to tax the second business? I am paying full whack on my main income of both NI and tax. I…
-
self employed and national insurance
As newly self employed I pay class one nat insurance, can anyone tell me how much I can earn before having to pay the addional class two rate Thanks
-
Claiming Overpaid Tax
Post removed due to creepy profiling of user
-
Tax advice needed please?
I am currently self employed working from home earning under £6000 a year and paying my own NI contributions. I am thinking about applying for a part time job (PAYE) where my earnings would be c£10,000 a year. I would also like to remain self employed if possible but reduced workload would mean my self employed earnings…
-
Appropriate Annual Investment Allowance for software and laptop
I started being self employed (developing software for clients) in Sep 08 and stopped in Feb 09. I need some advise on suitable costs for assigning to my equipment in the Annual Investment Allowance section of tax return. I took a laptop originally purchased for £799 and software (MS VS2008) originally costing £642 into…
-
giving inland revenue your bank details
hi id like to know if the following is true... a few months back me and me dad were discussing tax, and he said never give your bank details to the inland revenue because if you do, then they can take money from your account without your permission automatically if you owe them money. im not sure whether to believe him or…
-
Am I being diddled - Mileage and Subsistence
I work 2 jobs (1 x with full tax allowance 1 x with base rate tax.) On the job which doesn't pay tax I am able to claim mileage and subsistence which my employers say will be adjusted in my tax code but if I'm not paying tax in this employment, am I losing out?? I've calculated that they owe me approx £450 which in this…
-
Self employment, tax and "money overseas"
Hi all, I'm after some info/advice. My wife is a french national and has just registered to be self employed in the UK. Up till now she's been a student studying (for a PhD) in the UK, and has been living here for the last 5 years or so. Now, being french, she naturally has money in french savings accounts. My basic…
-
Part-time work and now using own car advice.
Hi there, A friend of mine works part-time as a Care worker, and until now relied on public transport to get to service users homes. But now she's passed her driving test, so was asking whether their is any help with Petrol expenses for using your own car for work if part-time? She works less than 12 hours a week and on…
-
BR tax code for someone aged 71
My mum is a widow aged 71 and gets a standard state pension and a small persion from her time teaching and a small one for my Dad but doesn't get a lot less than £15,000 I would think. On her P60 her tax code is BR. I thought her tax code would be different because of her age. Any Ideas Beattock
-
Council Tax single person discount
I know this might be a stupid question but I I wanted to know if the 25% single persons discount on council tax is 25% off the FULL council tax (council tax, water and sewerage) or just 25% of the council tax part?? I live in Scotland. Thanks :)
-
pay calculation
Hi, Could somebody do a pay calculation for me - I am hopeless at this sort of thing. If you have a salary of £32,500 before any deductions, had a tax code of 611L last tax year (not sure what the equivalant would be this year) and pay 11% pension contribution what would your take home pay be likely to be per month. thanks
-
Deregister as self employed?
My husband, who is over 65 and retired, did 4 jobs as a consultant last year for the company he used to work for here in the UK. The contract he signed with them required him to responsible for his own income tax and NI (which of course he is exempt from paying), and he was told he should register as self employed. Since…
-
How much tax i must pay?
Hello I am a self employment and i did my tax return. I calculate my incomes (21.280 pounds) and my expences (8.680) and before i click submit to send me online tax return i show that i must pay 2.871 pounds. Because i came in UK last year i think for net profit 12.700 pounds 2.871 for taxes is too much. I am married and…
-
Talking a year out and Council Tax
Hi everyone, To quickly brief you on my situation, I've just returned to the UK after working extremely hard in a job abroad for the last 2 years, returning to take a year out to recharge my batteries, spend time with my family and decide what I want to do next. I sorted myself out with an apartment recently and after…
-
Any REAL ways that the ordinary small non-driver person can get cash back from tax??
Aloha ive seen some of the threads on here about how you can save some money on tax but only if you drive a car a certain number of miles each week, if you run a business and the income directly from that is at such a level.... ect But that doesn't actually apply to the majority of people who just do normal average jobs,…
-
Income Tax
I worked on a sessional basis (during sales etc) and was paid a set rate of £40 per day. This money was taxed and NI'd - at the time I was 17 years old and studying - just want to know if I would be able to claim it back? Its approx. £500 over the year 07-08. People have told me that I shouldn't have paid it because I was…
-
Business Mileage
Had a look on here and noticed a lot of threads re the above. Just wanted to quickly check something out with you all: My employer pays me 0.47p per business mile. Am I able to claim tax back on this? Pretty simple question - just want to know your thoughts. let me know if you need any further info. look forward to hearing…
-
Tax Refund while on a Leave of Absence
Does anyone know if I will be able to claim a refund of tax paid when I go on an unpaid leave of absence from October this year? Will I have to wait until next April to apply for it? I've been paying tax cumulatively as normal, so obviously I will be overpaid as I won't be earning for the last six months of the tax year,…
