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Help! claiming tax refund that could go back years
Hi could someone point me in the right direction please? In 2005 my husband bought a very unsuccessful window cleaning business that bought in no income and cost him allot. There is no tax to pay on the earnings from that business. Since 2007ish he stopped being self employed and became an employee and has so far changed…
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Long Shot, can I claim vat back?
Hello everyone, I wish to do a professional course, it is a 2 day course. It costs £635 and of that almost 100.00 is vat. I am a PAYE at the moment, however, in time will probably be going Self employed as I will be doing contract work once this course is completed. Is there any way that I can claim the vat back as a…
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Tax Refund
Hi, My DH has received a form in the post from his Union. The form is from The Tax Refund Company. They are offering to investigate if he is due a refund but they keep 40p out the £ of any money awarded. I'm sure there is an MSE way Can anybody help?
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Tax code change - was 652L now BR
Evening all. Just received my April payslip and had an unpleasant surprise when I see my tax code has changed from 652L to BR, leaving me £109 worse off in comparison to last month (around 10% of my net income). I'll be following it up with Payroll first thing tomorrow, but in the meantime, can I rest assured that it's a…
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tax codes error
hi, after the recent tax office tax codes error, we were mistakingly put on BR tax code and we are losing about £50 on a £200 wage in tax...we rang the tax office on 8th april for a new code and we still continue to pay emergency tax...i know you get it back as soon as you change code but we are struggling big time until…
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taxed 80.00 on a 400 wage help needed.
hi can anyong help me out. i just got my 1st pay today since the new tax year and wash shocked to see i was taxed 80.00 from a 400 wage. all of last year i wasnt taxed once and its come as a bit of a shock as i have my bills rent 3 year old etc so can afford to start paying tax. i earned 5000 last tax year so i thought i…
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can i -and how to reclaim tax
Next week I will be receiving a cheque from my solicitor regarding a sum of money I have received from a financial establishment.They should have paid me this money 3 years ago,but due to me being misinformed,they did not.Subsequently they are paying me the amount now plus interest .My solicitor has told me I may be able…
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Tax on a Rented Property.
Hi All, I rent out a house, do I have to pay tax on the income minus the mortgage interest generated?
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Mileage question
Hi Everyone Can someone help me please. I am self employed and used the Mileage Allowance rates for this tax year. However,after reading the posts on here, I am a little confused. I have kept records of the business mileage used like the following: Site address Miles To & from Total mileage No of days on job Multiplied…
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Investing Company Profits - Premium Bonds?
I run a small business and theres quite a large amount of cash that is in the bank account earning 1% My accountant says I cannot withdraw this money into my own name as that becomes a 'loan' Does anyone know if i can invest this money in premium bonds? How would winnings work if they were allowed. Interest rates seem tiny…
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P87 Mileage Tax Relief
Hi, In the tax years 07-08 and 08-09, I was employed and used my own car for business mileage. In 07-08 this was 25000 miles and in 08-09 it was 5000 miles. I enquired about filling in a P87 for both tax years with the HMRC. I'm over the limit for mileage expenses paid in the 07-08 year of £2500, so have been told that I…
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Council Tax Banding going to Appeal South Lanarkshire
Hello folks, Just looking for some guidance as I have appealed the council tax band of my home in Cambuslang, South Lanarkshire. I followed the tips supplied by money saving expert on appealing my council tax band which is presently Band G. I believe the council tax band should be in the Band F bracket. I purchased my home…
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Finance-industry tax allowances/deductions
Hi all! Thought I might give the tax man a little squeeze in this new tax year and am looking for some advice or experiences from finance-industry related workers? Apart from professional subscriptions, can one get tax deductable allowances for other items of expenditure not paid by your employer? For example dry cleaning…
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Self Assessment Tax on interest
I am doing my first self assessment tax return. I see that I have to enter the interest paid on UK Bank accounts for that tax year (or do I?). All my bank accounts are personal bank accounts, not business. I also have an ISA. Why does someone working and being paid by PAYE not have to declare the interest they earn?
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Payment for work around end of tax year
Last November I registered as self-employed and for self assessment. My accounting end date is 05/04/2010 The last work I did in the 09-10 year was on the 01/04/2010. I invoiced this work on 02/04/2010. This invoice was paid on 19/04/2010. Which tax year do I include it in? I am currently filling out my self assessment…
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Tax on trading profits
Hi, can you please tell me if I'm subject to capital gains tax on profits in my Barclays trading account? I'm thinking of changing to a shares based ISA...
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£10,000 + tax reclaim - out of time to claim
In summary - I had a business that was open during '06 & '07. I didn't hand any tax forms in until October'09. I thought I was entitled to claim back £10,000. I've been told that I am out of time to claim. In more detail - I stuck my head in the sand and thought that I owed money. Just before the forms were handed into the…
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Why isn't he paying National Insurance?
Hi. Looking for help before I send an email to the Accountant in Bankruptcy regarding income etc. Basically, husband made redundant last august and was on contributions based jobseekers for 5 months. He started a new job in Jan and doesn't seem to be paying national insurance contributions (when he used to pay around…
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Hold on tax rebate
Hi all, I am new to this site and i am seeking some advice about a tax rebate. I recieved a letter from Inland revenue the begining of last year informing me i was entitled to to tax rebate (after 5 long yrs of being on BR) So i did everything they asked and gave them all my p45s and aany p60s i had and i waited. After not…
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Expenses & CIS
I do some bookeeping and accounting for a mate of mine which I dont have a problem with, however he did a couple of months working as a subcontractor under CIS which I have little experience of. He has kept most receipts for expenses but is insisting on claiming for some where he has paid cash & has no receipts. Is this…
