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Cutting tax

Archives for January 2010

Quick s/a help please
Hi all, You kindly helped me out with this last year. Yet again, I've left it till the last minute (I know, I'm useless!!) A couple of quickies if you can.... 1. Vehicle depreciation. Bought it for 2300. was allowed 1000 against it in year one, you guys kindly calculated 250 for me last year, but I don't know how to…
Company Car Tax & P11D
Hi Everyone, I receive a company car allowance and can claim via the company 18p per mile for additional mileage outside of going to and from work. I currently travel to another location before going to my stated place of work and have being doing this since May 2009. The mileage claim constitutes 93 miles per day.…
Self Assessment Help
Hello In August 2009 I started some mystery shopping, I registered as self employed around the same. I received a self assessment pack to fill in for 08/09, I thought it would be really easy to do as I wasn't self employed during this time. I completed the self assessment online and put in what I earned from my full time…
Capital Gains Tax - Query
Hi Wonder if anybody can give some advice on CGT. A friend of mine wants to sell an ex-housing association 2-bed flat which she bought in 2000 for £44K and is currently valued at around £240K. She lived in the flat 10 years before she bought and 1-year after, before moving abroad in 2001. Since 2001 and November 2009, she…
Tax Nightmare
Hi When I left the Royal Navy just under 3 years ago. i began receiving my pension. Unfortunately Paymaster General did not communicate properly with HMRC resulting in me paying too little tax on my pension. (£26 / month totally £364 before they realised) Since then my tax code has been on a rollercoaster ride. It is…
A fine for a day late with payment?
Due to my bank not allowing transfers of anything over £10,000, i had to set up a direct debit through the HMRC site to pay my tax bill. It looks like the money only left my account on thursday morning and the HMRC site is not showing that my bill has been paid yet - i am guessing that they will receive the money on monday…
Class 2 NI - Real Mess Up
The mess up is completely my fault. About 5 years ago I started some self employment in my spare time (outside of my full time job as an employee). For the self employment I registered with the IR and paid income tax and got a small earnings exemption certificate. Unfortunetly I thought that the certificate was until you…
Online tax return - where to put in bad debts?
For the first time this year I have to declare a bad debt for a client that liquidated. On the paper return, there is a line for 'bad debts' but on the online form I don't see it in the expenses section. My profits were more than my debt this year so it's not a loss. Does it go into the "Other allowable business expenses"…
Complete newbie looking for an accountant. Really really confused.
We've started a limited company, and through this we have taken on an existing weekend event, and plan to do several more in the future, throughout the year. We need an accountant. I have never hired an accountant, and don't know how to make a decision on who is going to be right for our business. I'm not even sure of the…
Very quick question re fuel card tax reclaim.
In the SA portal, can some kind soul remind me where I put the P11d entry "cost to you" for "Other items" for a fuel card. I did this last year and remember having to put a tick on a certain question and it would then open this option up.
Savings interest
Hi Does tax free allowance count towards savings interest? Thanks
08-09 tax return asking for money for 09-10 as well! whats happening? Please help!
I am filling out my tax return for the year 08-09. I input all of my data and got my subtotal. However, it seems to have added a cost for the year 09-10, which it says is due by 31st January too.... I have no idea what this is for, and why it's due now and not in a years time! can anyone enlighten me? Here's what it says.…
Capital Allowance on Van Help Pls
Hi, I Purchased a van in 2007 and for 5500 and claimed 50% (2750) in my 2007/2008 tax return. I was expecting to claim again at a reduced rate of 25% from the remaining 2750 for this years 2008/2009 return but it has all changed. Does any one know what and where on the form i should be claiming for this second year? Thanks…
Self Employed and Employed - Income Tax
According the HMRC web site (hmrc dot gov dot uk / working / intro / employed-selfemployed.htm ) if you are both employed and self-employed, your personal allowance before getting taxed gets used up with the income tax paid in your employment, and so you pay the 20% on everything in yourself employment, in my case I earn…
Joint Claim JSA on Tax Returns?
Hi My partner and I were on Job Seeker's Allowance for a short time last year, and we were claiming as a joint couple - meaning my parner was paid the full JSA for both of us. I believe the JSA needs to go down on our tax returns - but should it go only on my partner's return, or be split onto both of ours? Thanks!
How To Pay Class 4 NI?
How is class 4 NI normally paid or collected? I have paid the class 4 NI amount due using the Billpay service and put the payment under "Self-Assessment". Is Class 4 normally paid as part of your tax due under Self-Assessment or should I have paid this separately under NIC/PAYE. No site I can find seems to have definitive…
Missing P11D - what to do in SA
Hi Guys Just wanted some advice, I did not get a P11D from my old employer despite trying for the last month, its now too late and not sure what to put on my tax return. I did get a monthly car allowance but it was included in my P60, they also paid for fuel that was used for work purposes but that was a separate claim, I…
sole trader to partnership
First off, this is a great forum. I've been reading many of the posts, but cannot find any that apply to my situation.. Im self-employed since July 2009, earning over the personal allowance of £539.58 per month. I was wondering, if i brought in a partner - 50/50, whether the total profits get split into two, and then each…
New Job.... lots of questions...
Okay, so I've been offered a promotion within the company I'm working for, and it's going to be a drastic change to my work. What I need to know is what I need to consider, and what I will be able to claim for. so, I'm currently on 24k, working in an office, travelling around an 80mile round trip each day. The new role…
PAYE and NI for employees working over a weekend.
Can someone please confirm for me that if we pay workers that work for six hours on Saturday and six hours on Sunday a total of £125 in wages, we will not be liable for tax or ni on their earnings? (This is the only time of the year that we would be employing them, as litter pickers, gate staff and car parkers for an…

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