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tax pay questions
Hello, I am new to that site, in a fact that is my first post :) . I am really happy to find out that site. I am also new to UK. I am from Latvia. I spend hours to understand how do the taxes counted. But whatever I have some questions left unanswered . I am new to UK, never worked here before, never been in UK too. I…
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My tax code is wrong
Hi Folks Hope you can help. My current tax code is 647L, but my work colleagues are all 653L From discussions, it's apparant that the £60 difference is because they are claiming as they launder their own workwear, ie a uniform (with company logo's). I had no idea you could claim for this. How easy is it to claim this…
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CGT on Sale of Developed Property
A friend of mine is in the fortunate position where he is considering buying an old house in Scotland, doing it up while living in it then selling it on for a profit. He may also live in it for up to 1 year after it is finished. Would he be liable for CGT on the sale or not? I seem to remember hearing stories about…
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P60 is wrong....
My P60 which was issued this year is wrong. I did post on this site months ago, but I can't find it anywhere (new to this site and confused lol....so I'm going to start again). Between February and September 2008 I was working at a very small, just set up company and would often be paid in cash into the bank, not on time…
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Need Help With Tax Codes !?!?!
Til November I was working 29 hours, taking home £950 per month (salary of £19,000 pro rata over 29 hours). November, I switched to working 30 hours at £8p/h - I received my tax code on this to be BR (when I started this job, I was still techinically employed by the other job, so had to fill out a P46 and put it as my…
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Mileage claim question (P87)
Hi everyone, I currently get 25 pence per mile for my work miles from my employer, but the inland revenue pays self employed mileage at 40 pence per mile. I have been told that I am entitled to claim a percentage of the difference between the two figures using the P87 form, and that I can go back over all work mileage done…
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tax rebate and ex employers
I dont know if im posting this on the correct thread so apologies if im not! I am due a tax rebate of quite a few hundred pounds but the taxman says he cant pay it to me as one of my employers refuses to give him any information.Is there anything i can do as this seems a bit unfair to me ?
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Tax relief for heating/lighting as work from home?
I work from home and have a room I use as an office. I need to heat this, have lighting, power for computer / printer / fax / internets etc. and especially this time of the year the heating needs to be on more or less continually all day. The company I work for does not contribute anything towards this. I believe I can…
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Self-Employed Travel Expenses
I've been self-employed since 2004. Since then i've been completing my own tax returns and stayed organised using spreadsheets and receipts. Regarding my travel expenses, I used the same vehicle for personal and business use and kept of track of how many miles I used for each purpose. I then took my total petrol/vehicle…
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Temporary Workplace Tax Relief
Hello all, I have been relocated for work. I'm in my new location for about 6 months, and will then move to a new location (over 100 miles away) for work again. My employer is paying all moving costs tax free up to a limit of £750, which will cover it comfortably. I've been told that because I'm only here for 6 months, it…
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Company car BIK query
Hi My 4 month old company car has a serious recurring problem which is a design/manufacturing defect in this new model and when it happens, basically the engine seizes and can't be driven. The up shot of it is that after a couple of failed attempts to remedy this problem by my local dealer, the car is going to be off the…
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Capital Gains on Previously inherited house
Mother inherited a house in 1995 valued for porbate at that time at £110,000. Her step brother lived in this house until earlier this year. The house is in disrepair but is now valued at around £500,000. Can anyone help with any advice on cutting down any cgt bill if she decides to sell. Is there any 'tapered relief' ?…
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Will I get a Tax Rebate? And When?!
Hi, hoping someone can help. I'm currently on Maternity Leave and have been on SMP since September. I usually earn 30k a year and was on normal wage April-September this year. I'm just wondering now if I'll be entitled to a tax rebate for this period? Or can anyone point me in the direction of an online calculator? Here…
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New Disclosure Opportunity
Bit worried about this. Read the stuff on HM's site. Done a calculation but have no tax to pay. 1. Do I need to disclose? 2. The gain was CGT on some UTs which as I say didn't involve an amount large enough to tax. I still hold some UTs in an offshore thingy in the IoM. Do I need to disclose this. I only picked up on this…
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Company dissolved, is former director reliable for taxes owing to revenue?
I operated a small business business bank account with Barclays Bank. Last week they froze my account because the register for companies issued a disolution notice and disolved the company early this month. It was a surprise indeed as the reason for this dissolution is the fact that my accountant forgot to file annual…
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Cgt issue
I moved six months ago and because of property prices decided to rent out my old property until the Market recovered am now considering the situation and doesn't look likely that it's still any better that being the case when will I be liable for cgt if I sell at a later date. Also what can I claim against this tax,…
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Troubling CGT Issue
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Selecting an accountant
Has anyone got any advice for how to pick an accountant? I am starting my own business. It will either start up as a sole trader or as a limited company with me employed in the company. Not sure about that yet. However I would like some advice on selecting an accountant. The last company I worked at was a limited company,…
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filling out online tax form
i am now filling out my online tax forms and im a bit stumped it says Did you receive any UK pensions, annuities or state benefits, for example, state pension, occupational pension, retirement annuity, Incapacity Benefit. i never recieved any of them but i did recieve working tax credits for 3 months do i include that.
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Tax on Share Schemes (post redundancy)
I have recently taken redundancy. I was a senior manager in a FTSE100 company so the payment was very decent and used the whole 30k tax free allowance. I am setting up my own business (developing software). Given that the development will take about 6 months I anticipate no revenue and therefore no personal income until…
