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claiming back start up cost
i had to purchase a estate car for starting up being self employed cost £4080. how can i claim to get the cost back
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R40 / Personal Allowance question
I've just finished filling in my R40 for this year to reclaim tax on my interest payment, I have no income from employment only savings and share divi's. I've been looking at last year's calculation sheet from HMRC to get an idea how much I'm due. Under "Personal allowance" they use the figure £5435 but from their web site…
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Can i reclaim my tax
I started my new job back in May last year and recieved my first monthly pay slip on June 19th 2009. I have no other jobs and have been on BR (basic rate) tax code since I started. I have earnt £7515.37 before tax and £6160.14 after tax meaning I have paid £1355.23. Does this mean I have been paid £1131.56 too much when…
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capital allowance on tax return
Hopefully someone will be able to answer this question for me Purchased a van for £3,200.00 in May 2009. Do I put the full £3,200.00 onto the column of CAPITAL ALLOWANCES on our tax return that we received today. We are a tiny business and our profit for 2009/2010 is really tiny due to the current climate we are in. This…
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Telephone Land Line Tax
Where was it in the Budget that Alistair Darling announced that all land line telephones were going to have to pay a tax? I only noticed this on the TV news the other night when it was formally announced that the PM had been to Buck House to ask the Queen to dissolve Parliament because of the pending General Election.…
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Tax return due by January 2010 or £100 fine
Oh happy man,:j I have just recieved this is the post today after repeatedly asking for a tax return for the last 9 months! Now where's the time machine, or have the IR forgot to send that in the post!
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claiming milage
Hi wonder if anyone can help me please. Not sure if this is the right place but there are other things on here about milage. I work as a outreach worker. Its my job to go to clients houses pick them up and take them out. I claim 40p a mile from my employer. This to cover fuel and wear and tear etc I have been told that I…
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Renting property
Hi there, I'm currently employed and will be renting my property out. I believe this means I will need to complete a self-assessment tax return (which I already do, so this isn't an issue). However, can anyone help give an indication on the rate of tax I'm likely to be charged on this additional rental income? Thank you!
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Worked only part of year but above Threshold - Refund?
Hi, In the 2006/2007 tax year I only started working in August 2006 (was overseas before this) so I assumed that I would have overpaid tax based on a full year. I earned 18795.92 and was taxed 2768.32 on taxcode 503L. From what I can see on HMRC website the threshold was 5035 for a single person under 65years old. Am I…
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Capital gains or income
If I buy a second property which needs extensive work and I mainly use other trades for the refurb work and then sell at a profit will this come under capital gains or income tax for tax reasons
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Claiming tax when leaving UK
I hope in the correct section. I have been working in the UK for 9years and I am thinking of returning permanently to my country of origin. I was wondering if I fill in my P85 form how much tax will I be entitled to because many websites have contradicting information. Some are saying only for the current tax year that…
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emergency tax
my partner got a letter from the tax office stating that he was to be put on emergency tax even though: he has worked continusly in the same job for 2 years only has one job has always handed in P45 etc we have no other form of income WHY would they be putting us on emergency tax?
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Setting up a LTD Business.
Right, I'm looking at setting up a web design business. My credit history is whack, However, am I right in thinking, that if i set my business up as a LTD company, then it receives its own credit history, and that I would be able to be accepted for certain things, such as business phone contracts etc with this business?…
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what can i claim along with my business miles
Hi i'm an estate agent who does not get business miles expenses from my employer. i have to fill a self assessment form i've done 14616 business miles spent £207 on parking tickets (not fines) have a loan for a car at £337 a month have business insurance on car obviously pay to wash car, new tyres repairs etc. are all of…
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IHT gifts from income
Bit of help please, trying to work out what the tax effect on the recipient of gifts from income is. e.g. Parent gives child a regular allowance of £100pcm. Assume annual IHT exemption already used up, and gift qualifies with the revenue's rules on gifts from income i.e. it is paid out of income, does not impact on…
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taxable deductions??
I spoke to the tax office today, they have told me i cant fill a tax return in until i have had the income from my rental property and earned from it for 12 months. Is this correct? They also said has its below 2500 they will be able to deduct it from our tax code, they said write a letter with all our figures down and…
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How much tax will I pay on my bonus?
Hi Hope somebody can help! I am getting paid my annual bonus in April of £3,017 (before tax) but am unsure as to how much I will receive after tax? My current wage is £35,362, so this bonus will take me into the 40% tax threshold but as its first month of the financial year, I am not sure how much of that will be taxed at…
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Council tax liability order?
Don't know if you guys can help advise me on this situation, but here goes :) My girlfriend moved in with me in February this year, bringing an end to the single occupancy discount I'd enjoyed for a while. I forgot to tell them this, but let them know a week or two ago when I received my council tax bill for 2010/11. They…
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MSE News: Happy new tax year! The winners and losers
This is the discussion thread for the following MSE News Story: "Find out whether you'll be better or worse off following the annual April tax, NHS, phone and postal charges changes ..." Read the full story: Happy new tax year! The winners and losers
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Please help - council tax rebanding
Hi, Please can someone advise whether it's worth me taking my case further. Myself and my partner rent a flat (been in it 5 months) and our council tax banding is D. I checked the nethouseprice site and VOA and the approx. value of the flat in 1991 is £87649 which suggests our banding is correct. However, the flat next…
