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Company Car Tax Confusion
I am a Director of a small business. I have two cars in the family and the car i use is soley used for my business purposes only. I never ever use the car for private use. Because my business is a small consulting business my office is a small part of my home and i generally work at customer sites. I currently claim the…
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did not get the tax return forms in and
constantly on hold trying to ring them. i am not registered that i can remember for online filing but could get this done for future. shall i just write them a letter today giving them the info as i have been for days on the phone now tryign to get through. thanks in advance.
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National insurance payments
I am currently working for asda and have set up as a sole trader, does that mean that i will be paying 2 lots of national insurance contributions? Any help would be appreciated.
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tax with lodgers
Hi I live in my house and have a lodger. I understand that there is a threshold of approximately £4600 per year on rental income that you do not have to pay any tax if you live in the house too. is this correct? do I have to declare it anyway? Also supposing I got a 2nd lodger, could they just pay the bills instead of…
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Council tax exemption
Hey guys, i was just wondering if anyone is aware of any council tax exemptions that i may be entitled to. I have recently had to move to surrey for my work and rent a flat but i will still have my parents house as my actual address because the move is only for 4-5months, and i will return after this placement is over. Can…
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Working Out future Tax payment
I will need to a self assesment for this current finacial year after april (I think they send the stuff in sept to pay by 31st jan). I want to budget the money I will have to pay on tax into a seperate account so it is ready to pay. I need to use any left over money asap to pay part of my over draft, or at least work out…
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Owe tax still for 2007/8, but made a loss in 2008/9
Hi, My business has been struggling for a couple of years now. To cut a long story short, I couldn`t pay my self assessment bill from 2007/8, so am paying it in monthly installments. I have just had a copy of my 2008/9 self assesssment from my accountant, and it shows I made a loss in 2008/9. I`m sure I read somewhere last…
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Expenses Help Please!!
Good Morning everyone As a private tutor I know that I could claim for millege, paper, ink, books, printer( moblie phone?) but as i work at home during the day lanning can I claim for broadband, heating and electricity I read some where that you can claim a proportion of you gas/electricity bill-is that true? Additionally,…
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How much can i claim for my mileage?
Hi I am new to self assessment and just completing the form....i use my car to buy my stock for my online business. I have contacted the tax helpline to ask how much i can claim per mile but they were unable to help and said that i could go on list for a call back but it would not be this month! That will teach me to leave…
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Self-employed, office residence claim?
I'm doing my own taxes this year and have noticed that in previous 4 years my accountant claimed £520 a year for me using my home as my office. This works out to £10 a week. I don't have a dedicated office - I swing between the PC and printer in the living and my laptop and books in my hobby room/spare room. I'm…
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40ppm mileage rate - pro-rata?
As the 40ppm mileage allowance only applies to the first 10,000 business miles per year does this have to be pro-rata'd if I have only been SE for 3 months of the tax year? e.g on 6000 miles 10,000 * 3/12 (2500) @ 40ppm then the rest at 25ppm = £1875 or all 6,000 @ 40ppm = £2400 Hope this makes sense!
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When and how to pay CGT
I just submitted my SA using the HMRC online system. I have calculated that I am due to pay about £2k in cgt on a business I sold in November 2008, but although the SA form has a section on cgt which I filled up, the final amount due does not include the cgt element. Do I just pay the amount I have calculated, or do i get…
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Not working for 6 months of the year?
Okay, so on 1st April 2009 I lost my job at a bank, due to them laying off some temporary staff. Unfortunately I didn't get a job again until July 28th, where I worked until August 4th, and this other company let their temp staff go (I know, not much luck) Thankfully, I got a permanent, full time job which started on…
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Company car/ cash allowance
My question is currently i have a company car, soon i will have the chance to opt out, I would get £360PM before tax my employer provide fuel card for private car and then you pay back private mileage or i could take the private fuel benifit. What tax can i claim if i take allowance? Is it woth having own car or take…
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when and how to pay tax
Hi, I have just submitted my self assessment tax return. Now do I just subtract my previous payment on account from the tax due and pay using BillPay (its too late for direct debit)? My account still says there nothing to pay and that the return has been submitted but not received.. do I have to wait until its been…
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Capital gains, divorce and rental property
I am asking this on behalf of a friend. He and his ex wife owned a rental property for a number of years. They both lived together in a rent free house that comes with employment. When they seperated the property was sold and 70% of the equity was taken by the wife (and used to purchase her main residence) and 30% by the…
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Tax code H0
I have just had a letter from the tax office to say that they are using code H0 on all my income i have a pension that I was given my allowance on and a part time job that i was taxed from 1p up wards at standard rate. I phoned gave my income for both less that £33.000 per year. I am not sure what action they will take as…
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P60 question
I can't find my P60 and need it for my self assessment form. My employer is charging £25 for a P60 duplicate (which I'd rather not pay). I have my payslip for Mar 2009 which has culmulative totals for the year. The taxable pay is obvious. But the HMRC website is asking for "tax taken off UK pay". Is this just the "tax"…
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Tax code query
I'm looking for some help with my tax code, as I have just received my payslips from one of my employers and noticed I have different tax codes and I'm totally clueless about things like this. I currently have 2 part time jobs, one working 10 hours a week for which I have the tax code 647L and a second job where I'm…
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Self-Assessment Payment Deadline
This is my first year of self-assessment. I know that that the deadline for submitting is Sun 31st at midnight, but what about paying. If I'm going to pay using internet banking it will take 3 days to get there, so I really need to pay on Tuesday at the very latest. If I pay using a credit card is there a similar delay or…
