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Urgent VAT enquiry
Hi, Apologies if I am adding this in the wrong area of the forum, but here goes: I am a small time concert promoter with turnover of less than that which requires me to register for VAT, £63k or so. So I pay VAT on all of my outgoings such as theatre hire, newspaper adverts etc. However, as I am non- VAT registered, and if…
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Tax Code Confusion!
Hi! Hope you can help... I am very confused with tax codes etc and don't normally check them or anything but since checking my payslips over the last couple of years with the same employer I note that I started with tax code 511L in 2007 (salary £22,000) and it has gradually gone up to 547L (salary £25,625). Does this…
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Do I need to pay NI?
I am a full time mum and therefore I am building up NI credits. I have just started mystery shopping and will not be earning more than £50 per month. I have registered as self employed and want to know if I should apply for the certificate of small earnings exemption, as I won't be paying tax, or do I pay NI to keep my…
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Ex-pat returning to england
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Allowable expenses question
First time doing self-assessment for our holiday let. List of allowable expenses needed. Am i right with the following: Mortgage interest insurance -% amount that letting company pockets from each rental? -Fees paid to holiday-rentals.co.uk? -cleaning costs-that is me-40 mile journey each way-plus 3 hours cleaning-thought…
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How much capital gains tax will we pay?
Self built house 5 years ago lived in it for 2 years. Has been let full-time as a holiday let for 18 months. On the market for 300k-if we get this how much capital gains would we be liable for and is there a way to lower this amount?
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Paying tax on work done in the USA
I don't know if I'm in the right area of the forum or if anyone will be able to help me. My husband is a photographer based in London. He did some work for a chain of restaurants here. Last year, we were in the States on holiday and the owner of the chain of restaurants asked if he would take some pictures for some of his…
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Rental income help needed!
Morning.... just recently started following this forum and decided to come here for my first piece of practical advice! Basically I bought a property mortgage free in Scotland June 2006 - been letting it since then and had 3/4 different tenants in under short assured tenancy scheme. I didnt work from 2006 - Jan 2008 as I…
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Tax allowance
Hi Not sure how to word the question. Hope some one can help please, is the national insurance stamp, part of the tax allowance money, ie.........if I earnt £100.00 per week...........and NI stamp was £20.00.......is the £20.00 part of the £6475.00 tax free allowance or not. Ie gross wages........or net wages Hope that…
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2009-10 Tax
I've worked out the amount of tax I owe for last year (2009-10), but not completed my tax return yet. I've calculated that I owe about £2,300. I understand that if it was less than £2,000 then they would be able to collect it via PAYE in 2011-12. Is there anyway I could do this? For example paying a £300 lump sum before…
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No will but spouse giving to children - inheritance or taxable gift?
Hi All, Can anyone help? Father in law died without a valid will. Mother in law says they'd always agreed that any life insurance money would go to the children (two own, two step). So, given there's no will and mother in law inherits estate by default so if she splits the life insurance money amongst the children, does…
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Tax on bonus
Hi all, i just posted this in the debt free section but think it would be better off in here My partner is getting a £2000 bonus at the end of this month this is a one off bonus & i dont think will get any more this year. He earns £35k a year. Does anyone know roughly how much we will be taxed on the £2000? thanks x
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Living overseas but UK rental income
I was wondering if some of the experts on here could settle an argument. If a person moves to Australia permanently but rents out their house in the UK would they still be liable for UK income tax on the rental income (obviously after they have charged expenses and utilised peronal allowances etc)? Or, once they are…
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Self Assessment
Can anyone help me with doing my Self Assessment online. I have done this two years in a row but this time when i log onto hmrc site it tells me that i do not have the authority to access the page but i cant register as i am already registered. The same happens on the Government Gateway site, it tells me i have no services…
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Maternity - Tax Query
I am pregnant and due to give birth in July so will be starting my maternity leave at the beginning of July. I will be on full pay for approx 15 weeks on full pay then the remaining 25 weeks on SMP which takes me up to the end of this tax year next year. My earnings at that point for the tax year will be approx gross…
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P11D query on expenses
Hello all you clever tax saving pepole. Just a quick query re expenses and P11D. Should I be taxed on business mileage piad at 15p per mile and also subsitience expenses that are reimbursed to me. I pay up front and claim with receipts at end of month. In section N on P11D it lists all my mileage and subsistence expenses…
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Tax question
I left work in February and believe I should be due a small tax refund however I can't find any information on whether the following are taxable income. 1. I sold an old mobile phone handset for £64, this might be ignored as a trivial sum but I'd like to be sure 2. I recieved £9000 from my father as a gift, what I know…
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Overpaid Tax last Tax Year?
Hi, I currently have 2 jobs, as one is a paid years' placement as part of my University course. For this first couple of months of my placement, I was on tax code BR and my 7 hours a week job was on 647L. After realising this I got them switched around. However, does this mean I could have paid too much tax when my…
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P161 and coding notices
hi there hope someone can help, my gran recently recieved 3 coding notices in 1 day (456y replaces 964y) (Br replaces 964y) (Br) She also recieved a P161 form which says you are nearing state pension age & you are nearing age 65 which would be ok if it was'nt for the fact that she's 78, now she's no sleeping & very worried…
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How to get a P60
Hi, Does anyone know how to get a P60 if you were not in employment at the end of the financial year? My girlfriend needs to get one but DWP (effectively her last employer before the end of F Y) say that they cannot give her one as she was not claiming job seekers allowance at the end of F Y. Thanks