We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cutting tax

Archives for August 2009

Sorting my tax out!
Hi, I'm looking for some help in sorting out my tax! I know I can claim for many things but do not know how to go about it. I'm currently working full time in the football industry and also do some part time work as a teacher and also referee football. I bought a house last year and rent a room to a mate (£240 a month,…
Tax help!
hey all, Right, I've never had a paying job until now so you're gonna have to bear with me! Ok, so I was due to begin my graduate job this month, but have been deferred until December. This isn't all such bad news as I am due a 'goodwill' compensation payment of my first months pay in advance. In light of this deferment, I…
How much tax will I pay?
I don't know if this is the right place to post - I am just trying to work out how much more I will have to pay on debts next month. I am due a payrise at the end of the month and I will receive £2200 before tax etc. I currently receive £2004. I pay about £100 to pension and proportion to student loan. Any ideas how I'd…
Cash Gift from Mother to Son
Hiya everyone, new to this so not sure how it all goes so will just post my question.. My mum wishes to give me a one time cash gift of £40,000, as i am getting married in January and then in a 3 years the plan is to move to America with my American Wife to be.. i am 29 years old and my mum is 62 years old and I was…
Capital Gains Tax and property query
Dear All, I've looked on the HMRC website, but I'm still unsure what is required to comply with the CGT law in this case. I'm helping my elderly mother (divorced) sell her and my late father's house (they owned tenancy in common 50%). I'm the sole beneficiary and administrator of my late father's estate. I had assumed that…
Can you claim expenses with CGT?
Hi I'm new to this great forum and I've just started to make some money with some shares I bought a while ago. Now I understand I can keep some money in an ISA tax free but can I claim for any expenses like businesses can? ie internet connection, computers, software and any courses I go on as I need these when I buy shares…
help with complex income tax query from incap benefit claimant please
This is a lengthy post and i apologise in advance for it, but I would dearly love some help with it please. The incpacity benefit queries in the post are resolved, but there is still some income tax confusion. This post ivolves incapacity benefit, and income tax, and I would be grateful for some advice and reassurance…
Tax refund in wages.
I finished work in December and started back at Uni for 6 months. I finished for the summer and returned to my old work for 9 weeks of the summer holiday. Last months wage slip had the usual PAYE tax and NI deductions, however this month the PAYE tax from last months wages was refunded and no PAYE tax deducted. Is this…
Do you pay tax on cash gifts?
Reading a reply on another thread it was suggested that you can give away as much money as you like and the recipient will not have to pay tax - there is no tax on gifts in the UK. Is this correct? I have been trying to find out how much money you can receive as a gift without paying tax on it. If my father decided to give…
interest on taxation of pension arrears EIM74101
I have requested that HMRC apply the statutory accruals basis (as per HMRC manual EIM74101 / SAM121160) to a large lump sum that I received last year that represents pension arrears dating back over the past 4 years. HMRC are saying that I must pay interest on the unpaid tax (dating back as far as 4 years) which effective…
Part time job- Tax implications
Help required! Having reached my 65 tax year my allowances have gone up as I am under the £22,900 limited allowed. As things are at the moment I am coming up each month with a shortfall, not by much, but over the year it is making a dent in my savings. To rectify this I thought I would get a partime job, on the face of it…
Higher Tax Code Questions?
Hi All, Im currently paid £28000 a year and with a shed load of overtime im likey to earn over £40k this year, my concern is the tax i will pay on this. I've asked people i work with but noone seems to know, some say that if i earn enough to put me in the higher tax bracket that i'll pay 40% tax for the following year?…
Giving money to parents to buy a house!!
Need advice, My husband's parents have the opportuntiy to buy there home "from the council" at a discounted rate. Now to do so we are adding more money onto our mortgage and giving them our savings. This all comes to around £40,000. The house will be willed to us. Their fear is that because they are both pensioners…
Working abroad?
I'll be working in the Far East for three months. Are the income tax rules still the same for this period of employment? Thanx
receipts
:confused: What information needs to be on a receipt and are hand written ones acceptable?
Electronic Synthesizer - Wasting Chattel?
I just wondered if anyone could clarify whether an electronic synthesizer would be classed as a 'wasting chattel' when viewed for CGT? I gather all machinery is classed as wasting chattels - but what about electronic goods - are they classed as machinery? Thanks!
How will I be taxed?
I am starting up as self employed but will also still be keeping my job working as veterinary nurse - I work part time as employed at the vets. How will I be taxed, will the HMRC take into account that I already pay tax and contributions to NI? Also when I do end of year tax returns how do they take the tax payment and is…
Some questions on Inheritance tax allowance
A couple of questions My father died in 1995 and left everything to my mother. I don't know if any legal paperwork had been done to formalise her becoming beneficiary of his half of the estate before or after his death, they had been married for 40. 1. Does the land registry assume automatically that these are now her…
Becoming a mature student: self employment and paying tax?
I became self employed in September 08, and submitted my first tax return in April 09. However, next month ( Sept 09 ) I will become a mature student ( studying full-time ). It’s possible that I may try to continue working for myself on weekends ( providing the work is there of course) but I'd like to know what I should do…
tax refund for tools
can anyone help me on this situation. i currently work in a garage and have to buy my own tools.i must spend hundreds of pounds on tools every year.i already claim the statuary allowance for my job which works out about a pound a week.i have heard i can claim the money back from hmrc. is this true and how do i do it.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Cutting tax

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Cutting tax

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free