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Import duty / tax
I have been selling items on ebay for a few years now and have now come up with a problem (a good problem to have). I sell in a market where i have very little competition and i now have a couple of customers who purchase regularly off me. the product retails for £300+ in the uk ). at the moment I am importing the product…
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Council Tax: Can libility be split between the owener/tennants
Hi, - This ain't my issue but a friend of mine.. Her marriage unfortunately isn't working as best as it should and finances between the pair are completely separate. At the moment, she pays 100% of the council tax bill each month and she'd like to pay only half of it (since her husband's not contributing in anyway). At the…
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HMRC - Scaring and worrying me - I thought we had an agreement...
Hi - Not sure if I'm posting in the right place but I wonder if anyone can help me? My husband has a tax debt and appx 2 years ago we set up an agreement with HMRC to pay £200 a month, the debt was appx £7 then and is now £4k outstanding. We have never missed a payment but are unsure as to whether this agreement including…
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Where does all our tax go exactly?
Consider this, tax on our salaries? tax on what we buy? or sell? tax on mortgages? VAT, PAYE, council tax, there are probably loads of tax that I have left out, but this to mention a few, where does all our tax go exactly? and on what? can anyone answer this?
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Company Car/Cash and Fuel Card
Hello all, I have been trying to work out if I would be better off in the long run opting out of my company car and fuel card but keep getting a little stuck and or confused. I have worked out so far that by opting out I would have an increased net take home pay of £435 a month including my car allowance based on:…
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expenditure claim
I work full time in NHS.In my off time I do extra work for the hospital like covering for someone offsick,extra list,waiting list initative.Am I entiteled to claim expenditure for the extra off time work? Any help would be appreciated.
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Tax on pension and rental income
I'm hoping that somebody can give me some advice. After the death of my father in 2003, my mother sold her bungalow and bought a small flat in a 'managed' complex. Sadly, her health began to deteriorate, and in Jan. 2005 she was diagnosed with dementia, and moved into a care home. Since there was a large amount of savings,…
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Council Tax Benefit
Hi all, just wondering if anybody can help me. As we are really struggling to make ends meet at the moment I have been through everything cutting costs as far as I can and the only thing left is council tax. Every 'can you claim' thing I fill out tells me I should either be paying no council tax or reduced council tax.…
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Transfer of tax?
I'm a few days off my 60th birthday:beer:, unemployed :mad: and with very little chance of gaining employment before I retire. What are the pros and cons of transfering my tax allowance to my wife (who is a mere stripling at 54 ish) and is it possible. Where can I find easily understood facts on this subject? Thanks in…
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Returning to UK within tax year
Hi Can someone help please? I left UK on 10th May 2009 to take up a tax-free role in North Africa. For various reasons, this has not worked out very well (failure to be paid on time, other issues) so I want to return to UK. I take a small element in local currency each month upon which I pay tax locally. The rest is paid…
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Council Tax query
I know this is probably a bit cheeky but I have to ask... :D My husband has just started working as a self employed HGV subbie and now is only home one or two nights a week. Is there any way that this makes us eligible for single person council tax reduction as I am the only person here for most of the week and he is home…
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Allowable expenses: buy to let
I didn't know which topic this should come under so I thought I'd try the tax topic first. I let a house and I am filling in my first tax return. I have a buy-to-let mortgage and want to know what expenses are allowable from the following list: 1. interest only mortgage payments 2. mortgage insurance (mortgage company…
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Council tax - band change?
We have recently extended our house downstairs, but upstiars have converted it from a 4 bedroom to a 3 bedroom. Does anyone know if is it at all possible that I could apply to reduce my council tax?
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Can I reclaim tax on union membership?
My work union membership is £12.50/ month, am I able to reclaim tax against this? TIA
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CGT Relief
Our mother died earlier this year and my brother and I discovered that she had transferred her house into our joint names in the early 1990s. The house was downvalued at £200,000 in May to reflect the rundown state of the property. We are now spending a considerable amount of our own time and money in upgrading the house…
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Tax implication if pension paid immediately??
Hi I am 58 and I recently took a redundancy package from my job. my last day of work was 30th September. My redundancy payment was £40k (£30k tax free and I paid tax at 20% on remaining £10k). I opted to take my company pension early from Oct 1 which gives me a tax free lump sum of £56k and a pension of £18,500 pa. Someone…
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Tax payment on credit card
Hi, Does anyone have experience of paying their income tax by credit card? I know HMRC charges a 1.5% fee for such transactions. This could be great for a bit of stoozing. I'd rather keep my income tax payment in the bank earning 3% with A+L and in the meantime settle my tax return using my 0% for 10 months Sainsbury's…
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Any extra taxes to pay??
aaarrrgghhhh I think I deleted my question so here it is again.......My fiance is a Canadian, resident in US with a US bank account. He wants to transfer funds to my Scottish account so that I can purchase our family home before he gets here and before we marry as he is in hospital((f$%"*&g bin laden:mad:)). He will be…
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Any extra taxes to pay??
This is a wee bit complicated so sit comfortabley!! My fiance is a Canadian, living in America with American bank account. He will be returning to Scotland under the Ancestory rule before we get married. He wants to transfer funds to my Scottish bank account from his American one so that I can purchase a family home before…
