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How is tax my calculated
Just out of interest how would I find out a breakdown of how my tax is calculated?
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Email from tax office???
I have just had an email, supposedly from the Tax Office, telling me I am due for a tax refund and I have to complete a form to get the refund. There is a spelling mistake and I am concerned this may be a con to get my details. I have not opened the attachment. Surely the tax office would just repay any refund through my…
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Pay tax on interest from loan?
Hi, I've taken out a business load to fund a building project I am doing. I am paying the builders, architect, planners etc on an ad hoc basis during the build. As a result I thought it prudent to put all the spare money in a easy access savings account. I earn a little interest each month and use this money to help meet…
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Help for self-assessment newbie
Hi there My fiance and I are about to rent a flat - due to adverse credit on my side, they have asked for 5 months rent in advance + 6 weeks deposit. Although we have enough in our savings, my fiance is self-employed so he decided to quickly do his online self-assessment. Although he took advice and researched online,…
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Question about paying for wedding early to avoid vat increase?
We're getting married in March and were hoping to pay for everything before the VAT rate goes up. As we don't have final numbers there may be a slight adjustment next year, however we would be more likely to overpay rather than underpay. The venue has said the following: "I do not believe paying in advance would avoid the…
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Understanding a Tax Problem
Hi Guys, I'm hoping someone can help me out here. I changed jobs in September. My last day of employment at one job was September 11th 09 and I started my new job on September 14th 2009. My P45 took ages to come (I am unsure why), maybe the postal strike was partly to blame. Anyways... I gave my P45 in to the company…
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US Tax Form W-8BEN
As a composer of music, I have been asked by a publisher in the US to complete a form W-8BEN. I already have around 40 pieces published in the US by a variety of publishers, and over the past three years, have been receiving royalties from them and paying income tax on them in the UK. So far, I have not been asked to fill…
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Tax on reimbursement
Hi My employer reimbursed me for my relocation expenses. However, it looks like they have added the reimbursement amount to my total pay and taxed me on that amount rather than for my salary alone. Can they do this? Shouldn't they be taxing me on my salary (plus any supplements) alone? Is it legally required that I pay tax…
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Should he be taxed?
Hi, first thread so apologies for any mistakes: I have bought my first house and a friend of the family has been helping me with some renovation work. Most of his contribution has been in the form of advice and he has also done some of the more skilled work such as bricklaying a new garden wall and laying paving. He has a…
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Company Car & Tax
I'm lucky enough to have a job with a company car and a fuel card, I've heard this isn't very tax efficient and it's better to: 1) Pay for fuel and expense costs (my private miles are small) or 2) Opt out of company car scheme and purchase own car. Opinions please!!
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P50 Claiming Tax Back When Stopped Working
After discovering this site I have found that I could be eligible for a refund from the tax man. I stopped working in the summer to relocate and venture into self employment. The current situation is; I am unemployed, not claiming job seekers allowance or ESA. I am also not registered self employed as I am still developing…
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New SE - allowable expenses and business type Q
I've just registered as self employed and the nice HMRC lady kind of talked me through all of it :) But I have a couple of questions I forgot to ask her and the DFW SE people suggested you lot might be the guys to ask :) Firstly I told her my business was mainly Admin stuff - there is some IT work lined up too which I plum…
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Higher rate vs standard rate tax - help!
Hi, first post here, so ple be gentle with me :eek: I have been a higher rate tax payer (just made redundant) :mad: my wife is a standard rate tax payer (or possibly just under the tax threshold). I'm looking to transfer my redundancy money out of my current account into a higher rate savings account. If I open a higher…
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BR Tax code - Maternity leave
Hi, My wife has been on maternity leave for the past year, and has recently handed her notice. She has received her final wage slip which includes her pay for her accrued leave for this year. Her wage slips shows that she has earned £5551 this tax year (which includes her pay for her accrued leave and some SMP). Her tax…
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cgt helping daughter on property ladder
hi. looking for advice please, a financial advisor has advised would not be liable for cgt if enter into a joint mortgage. daughter can meet mortgage repayments easily, but does not have a credit history[never been in debt] making it difficult to obtain a mortgage in her own right but no problem if i am added to…
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New Car - can I claim against income tax?
Hi - I started my own business (PR agency) in January 2009 and have been using my old car to travel between clients (probably 90% business use - I hardly use the car for private use as we always use my partner's car when we go anywhere). However, I have bumped the mileage up massively as I am now travelling so much and…
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The Tax Refund Company - Tax Refund For Cleaning Uniforms?
Hi Everyone, My brother has worked for Royal Mail for just over 6 and a half years and recently got a letter from a company called The Tax Refund Company saying he was entitled to a tax refund. The reason being the fact his employer provides a work uniform he is obliged to wear each day but does not give him any recompense…
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How can i work out exactly what his wages should be after tax/ni and pension?
Hi all, please move this if its not in the correct forum i wasnt sure if it should be tax or work forum My dp wages change literally every month have never been the same despite not getting overtime etc. its always 20-50 differnt. This month he def hasnt got any overtime, no holiday pay basically completly normal…
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Self assessment- but what does this mean ?
i am trying to do my tax return online. I own a proprty which i rent out. on the part wher it says tell us about you there is a question Did you receive notification from the Student Loans Company that repayment of an Income Contingent Student Loan began before 6 April 2009? The only 2 options are yes or no the notes…
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Allowable expenses
Hi guys, Im in the process of sending the letter for my laundry expenses, but was wondering what else i could add on there too. could i, for example, claim for the following- make up deoderant perfume tights (not provided but specific colours and deniers specified) shoes (not provided, but specific style required) nail…
