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Estimating gross pay from net pay?
Can anyone help me please? I'm filling in my (first ever.. gulp) benefits/tax type form (working tax credit) and need to estimate my income for the tax year 08-09. I've got most of it from old payslips etc but I'm stuck one chunk of pay, final pay at the end of my employment with one company, mid-year. last pay with…
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Self-assessment student loan question
Hi, Completing my first self-assessment form for the year 08/09. Please be patient! I have become aware recently that I have overpaid my student loan, and I am awaiting a refund from the end of the 08/09 tax year to the current date. I have a permanent post and a part-time job (hence the slef-assessment) I have stated the…
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CGT on house sale
Not really a 'cutting' tax question but still a tax question: I currently own a property which I lived in for 5 years but now rent out and am thinking of selling it next year. It has been over 3 years since it was my main residence so I know I will have to pay CGT, but I have a couple of queries on that. 1. How is the…
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Flat Rate Scheme Question
Hi all My husband is on a flat rate scheme and our next return is Qe Sept. During this period he purchased a van. I think we can claim the vat back on an asset over £2000. Is this correct? And if so, do I attach a copy of the vat invoice to the vat return? I have never come accross this before, so all advice is welcome.…
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need help working out my possible rebate: HMRC calculator isn't working
Hi ladies and Gents, I've tried using the HMRC rebate calculator and it's down for some strange reason. I'm trying to work out whether or not I am due a rebate for my job(s) for the tax year of 08/09. I'd be immensely grateful if someone could quickly crunch these numbers for me. First Primary Job Tax Code 603L. Total for…
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Do I have a problem with my girlfriends house sale ?
I have just found that I might end up with a tax liability when my girlfriend sells her house. Can anyone help me sort out the best way of dealing with this and how to minimise or remove any liability.
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Income tax on earnings abroad?
I have been on a short term (3months) contract in Sweden and have been earning money from a Swedish employer. I will soon be returning back to the UK and don't understand the tax rules about bringing these earnings back home. any help would be appreciated thanks.
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Forces Pension & New Employment
I've also put this thread on the Forces page but it may be more appropriate here ... DH completed 22 yrs service earlier this year and has been employed since then through an agency so monthy take home pay varies. For tax purposes his pension is counted as his main income and his agency pay is taxed at 20%. Can anyone…
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Student loan deducted in second job?
Good afternoon, I'm about to employ my wife to do some administrative work for me to relieve some of the pressure from my workload but have a question regarding her student loan... She's currently paying her student loan off through her employment and I was wondering whether as her (second) employer, would I need to deduct…
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tax problem
hello a few months ago i filled in a milegae claim form my claim was for £4854.23 my employer paid me £1610.04 so i was claiming for £3244.21 i was then told i had to fill a self assement tax form because i was claiming over a certain amount ive never filled in a self assement tax form before a few months later i recieved…
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Expenses and personal allowance question for being self employed
Hi all, Just needed help with a quick question. I've recently become self employed and am currently paying class 2 NIC. I understand that for this tax year there is a personal allowance of £6,475 (?) which doesnt get taxed and anything above this amount earned is taxable, however if i was to claim, say for example £1,525…
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Non EU Citizen bringing money to UK
I am a UK citizen, my wife is a non Eu citizen (Central American), If My wife were to bring £200k (from the sale of a business)to the UK in order to buy a house here would she have to pay tax on this money or would the entire sum belong to her? If tax would have to be paid how can she avoid paying tax? Tax's on the sale…
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National Insurance Question
Not sure where to post this. Hope its ok in here :confused: Anmyway my girlfirend recieved a letter the other day telling her she needs to pay £402 in NI The company she works for was bought over by another company in the past year or so. The letter states that if she doesn't pay it she will loose her state pension…
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Help needed please
Hi I am due to receive nearly £33,000 from a pension scheme lump sum, they didn't pay me enough when I retired in 2006! This is £28,425 with £4548 interest (over 3 years) Now, I started a new job 7 months ago earning £22,000 and this still keeps me under the 40% tax threshold even with my monthly pension payments (£21000 a…
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Help With My Tax Please - 647L
Im currently working with a new company who have as of yet got to set up a payroll system so its all done on a transfer from the owners account to my bank account. now im earning £234 a week, and getting taxed on that bringing it down to £196 per week. i started work on the 24th of August and got paid from that day…
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Avoiding Tax on Payments into UK for a Foreign Company
Hi there, I wonder if anyone can help me with this quite specific knowledge. I work in the UK as the sole employee of a company ordinarily based in Russia. The company has no tax status or anything here, I work as a self-employed person paying my own tax on my earnings. Recently however we've signed a deal with a new…
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Money from abroad...what shall I do???
Hi All, My brother, who lives abroad, would like to send me a very kind gift for my kids to cover their current and future education. The amount is around £300K but I am not sure what tax implication this may have as I live in the UK. My questions are; 1- Can I just transfer the money to my UK account without any problems…
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Hospital Accommodation: Benefit in Kind
I wonder if anyone can help me out with a worrying 'Benefit in Kind' problem I now face... I live in Newcastle in the house that I own. I pay my mortgage, utility bills, TV licence and council tax as per normal. For the past 6 years I have worked on various small contracts all over the UK, journeying back home to Newcastle…
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why so much tax !age related allowances etc
can anyone explain why so much tax is paid over the income limit of 22900 - I earn 24800 and claim my pension of 3600 - and as I'm in my 65th year claim the allowance of 9490. I have tried to use some tax calculators - but they aren't allowing me the additional allowance as I am not 65 untilmarch 2010! so unable to check…
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Son gone back to college - tax rebate?
My 18 year old son has given up work to go back into education to studying A levels. He has paid tax this year (about £400). He now has no earnings how does he get a tax rebate? Should he write to the local tax office and send a copy of his P45?
