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Registering as self employed, how long?
I registered as self employed on HMRC online on 5th December but have still not received a letter confirming that I am now registered. How long does it normally take to receive written confirmation?
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tax informaion request - additional rental income
Hi there, I have posted this in both the renting and tax forum as not sure which is most appropriate. this is my scenario. My partner and I bought a house to renovate/redecorate and rent out in Nov 2007. I have 2 tax related questions. Both of us work and pay lower rate tax through paye. Between April 2008 and April 2009…
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Paying Tax on Dividends
Hi, In 2008/2009 I had an income from uk dividends the shares are in Crest in my name only, I pay 40% tax can I claim a 50% reduction on the dividend income payable as my wife is in lower band. Why don't you have them in joint names I hear you say, unfortunately the broker I use does not allow dealing accounts to be in…
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Do i need to listen to Moira?
Just seen an ad with Moira Stewart about Tax returns.. forgive my ignorance, but is that only for businesses, or everyone? Im not a business, but dont want to miss another tax thing (almost got crippled by a council tax bill a short while ago)
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Gas/Electricity rebate for home-based workers
I am looking for information on eligibility for rebates on your energy bill if you work from home. Does anyone know anything about this? I am a home-based worker, but I am NOT self employed. Somebody mentioned to me that they had heard it is possible to claim certain rebates on gas and electricity charges if you work from…
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Advice please
I will try and keep this straight to the point but want to stay anon . I am classed by a contract as a self-employed independant contractor , (in my contract it states i receive holiday pay (tbd) and hourly rate of (below min wage) , we are also paid monthly .... I'm starting to believe they are just saying this to get out…
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Second income - Tax implications
HI, I am hoping you can help me.. HUbby and I are looking at ways to increase our income and have decided to run a small business from home.. HUbby is employed as am I although currently on maternity leave I am a higher tax rate payer. Whats the best thing for us to do, Do we need to register a company? Should we keep it…
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Do we have to pay tax on a gift?
Dear all, first of all, a very happy new year to you. My brother and I were given £10,000 each as a gift following the divorce of our parents and sale of one of their properties. We've both just put this straight into our current accounts. A friend says that we might have to pay up to 40% tax on it! Another friend says we…
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Online S.A calulation question
I have just submitted my 08/09 S.A online. Their calculation on what I owe them seems way to high. How am I able to challenge this amount when their demand for this comes through. I rang the HMRC tax section for online assessments and they were not too helpful, putting it mildly
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Tax implications
Hi im desperate for a bit of advise, i have recently lost my Husband and he did everything financial, My Husbands mother also passed away quite recently and left her property to the 3 grandchildren, 1 being my Son whos 19, they cant have the property untill they are 25 years old which is wise, so we are letting it out and…
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Tax Inspection/Visit Query
I have been self employed for 3 years and submit my own returns online ( fairly simple total income around 25k then expenses off that ). So far I have never had an inspection or visit regarding my return - should I expect one soon?
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Expenses: Umbrella companies and normal agency temps
I was working through an agency as a "normal" temp, paid through PAYE. It was a temporary workplace far from home and I incurred travel and accommodation expenses. The agency wouldn't reimburse those expenses, but are they tax-deductible on my self assessment tax return? My understanding is that they would be…
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inheritance tax charity donation
Hi If i ask a charity i.e. ellenor hospices to clear my late father's house, can the value of the items they take be written off against inheritance tax? Many thanks Graham
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inheritance tax spouses allowance
Hi we are going through probate at the moment. my mum died in 2005 and left everything to dad. dad died in november 2009. will there be two lots of tax exemption i.e. mum's and dad's, making £ 650000 ? many thanks graham
