We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cutting tax

Archives for June 2010

Do you have to pay taxes in the UK on money made in the US
Ok so I asked a question before about paying taxes on money made working online. I asked the same question on the forum of the site I want to work for. I was told that since I live outside of the United States I do not have to pay tax on the money I make there. I understand I do not have to pay tax to the US but surely I…
Paying taxes on online work.
I've been on benefits for a while but have just found a part time job that I'll be starting in 2 weeks. Whilst unemployed I came across a couple of good websites for making money but didn't bother trying them as I was claiming benefits and didn't know if I could make enough money to support myself by just doing this so…
New Home Owner...Re.council tax
Hi Im currently in the process of buying my first new home, can someone advice me that if the current owner of the property is on a council tax band 'c' (£52,001 to £68,000) and I buy the property for £189K would that automatically put me in band 'G' ( £160,001 to £320,000 ) which will require me to pay £2,050.00 council…
CGT and rental of main residence
Hi : We bought our house/main residence in 1995. We rented it for 16 months from June 2005 to September 2006 when we went abroad to live (not work).We came back home from October 2006 up to April 2010 when we finally sold the house. Are we liable to pay CGT next year ? Thx 4 yr answers.
Having to pay tax on charity earnings. Help!
When I retired recently I decided to do some part time work to help the local hospice, just buying and selling small items on table top sales etc. Last year I managed to raise £2000 which I donated. I felt quite pleased with myself. However I have just seen my accountant and he has confirmed I will have to pay tax on this…
Tax on gift?
Hi all, this isnt so much about cutting tax as knowing where I stand, but I would really appreciate any advice! I am an FTB, and my uncle has insisted on giving me a fairly large wodge of money towards my deposit. I have gratefully accepted, though i do feel slightly uncomofatble about it. We have talked about implications…
Mitigating Higher Rate Tax
I suspect I already know the answers, but this forum does have a habit of throwing up an occasional gem! I'm going to earn enough to pay higher rate tax this year. The new company car and pay increase will tip me over the limit, together with the reduction in where the 40% band kicks in. Action Already Taken: - Maxed out…
council tax questions
hi my local council seem to have got me in a bit of a tizzy, in my rented flat there were 2 full time students, after we moved in the tax exemption certificates from the uni were posted as soon as the course was started and they were received by the council. one full time student (my friend) left the property in january to…
tax on gift of cash from my grandma
My Grandma wants to give her four grandchildren a gift of cash of £10k each, can she do this without paying any sort of tax? She has this money as she has sold her house and moved in with my mum, my gran owned a 3rd of the house and now has total savings of £67k, therfore she is well under the £325k inheritance tax limit.…
How much Tax will I get back?
Hi all, I called the tax office today to ask about a refund for last years tax year, They said I was inline for one and I will recieve it in 4 weeks. If anyone can help calculate how much this would I really really would appreciate it. TAX Code: 647L M1 Taxable Earnings: 9,316 TAX: 674.60 I was employed from 01/7/2009 to…
Hammered for tax on pay arrears
Hi I work for the NHS and pay my tax via PAYE. I recently won a grading appeal which effectively means that I proved my employer had been underpaying me for the last 5 years. This week I received a several thousand pound pay arrears covering what I should have been paid since 2005. Unfortunately because the money all came…
capital gains
If I have a second home and sell it but with the proceeds immediately buy another home is capital gains tax liable
Will flat rate VAT rise?
Hi I'm a one man limited company (IT Contractor) on flat rate VAT. Is it likely that the flat rates will increase as a result of the rise in standard VAT? If not, am I right to assume that the VAT increase is beneficial to me, as i'll invoice my clients at 20% but pay HMRC at my existing flat rate percentage? Thanks
self employed tax help please
Hi can someone tell me what I can claim for expenses to keep my profit tax down(income tax) thanks I have an office(£180 per month) about 5 miles from home thats about it really so I dont do many miles etc car is currently in gf's name shall I get it changed etc?
backdated benefits
Looking for a bit of help and advice on my parents situation. They have been speaking to the council about their council tax for years and have been given different advice, eventually they had to go visit them to get things moving forwards and where awarded council tax benefit. The last letter now awards us a council tax…
Reclaiming Overpaid Tax
Hello all, My wife earned £5500 during the last tax year but still paid tax. I am looking into putting in a claim for her on the tax paid as she earned under the personal tax free allowance. What i am after is a template letter to write to the tax office, does anyone know where a template is? Thanks for your help :)
CGT and Non-Dom question
Hello, My wife and I are UK residents - I'm Domiciled here but my wife is not. We own a property in Spain that we are looking to sell after many years with a sizable gain. I am thinking of moving it to my wife's name, letting her sell it and keeping the proceeds in her name offshore - with her paying tax on the remittance…
Paying Danish Auto Tax on Company Car
Hi, I'm a consultant (on contract), working in Denmark for a small UK company and my contract is for an indefinite period. My employer has offered to buy me a company car as part of my package and asked me to source a car I would like. Here's my dilemma: Cars in Denmark are very expensive (nearly twice the price due to the…
2nd job tax.
Hi there. My daughter has found a job that currently is 45 hours a week until the 3rd year term starts in september, then the hours will be reduced. We understand the tax for this job, but she has now been offered a 2nd job that is 6/7 hours employment at random times throughout the next few weeks. what is the tax rate…
CGT questions re second property
I was gifted 1/3 share of a property 15 years ago by a family member who lived there rent free until they died and I now own 50% of it. Re CGT calculations* How is the property's value 15 years ago calculated? * It was double glazed and re-roofed after being gifted. How does this affect the value. * I have read somewhere…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Cutting tax

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Cutting tax

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free