-
Redundancy and tax rebate
just been made redundant get p45 tomorrow do I have to hand this in when signing on? How can I claim overpayment in tax back as I could be out of work months?
-
Tax allowance for working from home
My wife and I have formed a partnership for our business. We both work from a dedicated office in our home. What is allowed on our self assessment in regards to heat, light, electricity, internet (we are a web based company) etc as we both work from the home office. I just wanted a second opinion from you guys as you all…
-
Keep getting tax fines
Hi When I was in the Armed Forces I did a few hours courier work as self employed then gave it up. I paid the relevant tax using the form sent to me and called the Inland Rev to let them know I was no longer doing it. This was in 2002/3 I think. I have no records for it. Now, every year I keep getting a £100 fine for not…
-
Give back company car but keep fuel card?
Is it possible to give back a company car but keep the fuel card benefit for business and private use but in a private vehicle? Many Thanks
-
Tax enquiry insurance
My accountant is nagging me to buy tax enquiry insurance, as it is apparently very costly if you are the subject of an HMRC investigation. Is this true and how much does it usually cost? Also who are you paying - the HMRC or the accountant?
-
Self Assessment bill/distraint notice
I could really do with some advice! I worked full time for almost two years from Jan 2002 - Oct 2003, and tax was taken directly out of my salary. After that, there was a period of about six months where I did various freelance contracts and had to file a self assessment. I earned about £2000 during this six month period.…
-
Tax payable on money received for lease extension?
I am the freeholder of a property. The upstairs flat wants to extend their lease. Will I have to pay tax on the money I receive from them for this? I have looked on the Inland Revenue website but can't find anything about this?
-
Taxing a pension twice
I am fully employed and also over the age of 60 therefore I receive my OA pension. I also receive another small pension of £21 per month. For the past 2½ years this pension together with my OA pension has been taken from my personal allowance to recoup the tax via PAYE. No problem there. Suddenly I have now been told that…
-
Self Assesment - Rebate for fuel, hotel stays & meals
Hi, first time self assessor here, trying to claim a rebate on my expenses last year. I think I've got my head around the mileage rebate. I did 6900 miles, company payed me 30p per mile, so I reckon thats a £137 rebate, which I've managed to get the online form to calculate correctly. However the link on the internet that…
-
tax rebate wrong !!!
I started work last october and earned £3500 until jan then my company went into administration but was then bought out by someone else who kept me on so i earned another £3500 until april i got my P60 in may but this only stated tax i had paid with new employer(basically Since jan) i never recieved a P45 from old company…
-
TAX AMNESTY Sept 2009 info
Another Amnesty coming up. Specifically targeted at Off Shore Account holders. Does anyone know if, as in the last one, others (non offshore) are able to take advantage of this? Or is it only for Off Shore.
-
Been on K code, taxed on ALL earnings for 3 years!
I feel like a prize idiot but i've never understood tax codes etc but we had avisit from a financisl advisor this week who asked why my payslip said im on a K code. She advised I query it as I have never had any kind of benefit and I called the helpline, turns out i've been on a K code since 3rd August 2006. Was told it is…
-
Working from Home - Tax Relief on Mileage to Office
Hi, I work as a software developer and am currently office based about 25miles from home. I'm hoping to be able to start working from home soon (in the same role) if I get the all clear from my boss (fingers crossed!). If it goes ahead then I would normally work from home four days per week and come into the office once…
-
Inheritance
I bought my mother-in-law's council house for her(in her name) about five years ago on the basis that she is leaving it in her will for me. Is this the most tax efficient way or should I transfer ownership before the unhappy event?
-
Rental Income tax when at a loss
Hi, I own a property that I have been renting out for the year. I have added together all of the rental income I have recieved for the year. I've then added together all of my allowable expenses too and have subtracted this from the total rental income. I have arrived at a loss of a around £2000. My question is, even…
-
eligible for lower tax rate/ tax rebate after claiming JSA
Hi there, Wondering if you can help with a quick query I have. I was unemployed and claiming JSA from the middle of March until August 3rd 2009, I received £864 in total benefits over those 4 1/2 months; essentially £50 a week. How will this affect the tax that I will now pay given that I was earning below the threshold…
-
Self employed & going abroad
Hi, I'm currently self employed with clients based in the UK.All the work I do is done online. I'm going travelling very soon and will be visiting many countries over the next 18 months - all outside of Europe. I plan to keep working for some of my UK based clients to keep some money coming in (they pay me by bank transfer…
-
Transfer of Equity - Tax Liability
My husband currently owns a property which he rents out, however to reduce his tax liability on this he wants to transfer the house over to me so the house would solely be in my name and not his anymore. Can anyone give me advice on what we need to do, also there is a mortgage on the property. Thanks
-
Share Options
Hope somebody can help me with this one. My husand and I used to live in Bermuda and were non resident for tax purposes. Whilst my husband was there, he was given some share options in his company which vested in May 2008. He did not buy the shares immediately however and then we returned to the UK in August 2008, becoming…
-
Transferring money
Is there a tax associated with transferring money between people (£16000). I want to transfer the money to my gfs account. Both accounts are in the UK. I am a UK tax payer and she is not. Can anyone forsee any issues with this? Thanks in advance
