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Emergency Budget: VAT to rise
This is the discussion thread for the following MSE News Story: Read the full story: Emergency Budget: VAT to rise
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Emergency Budget: council tax to be frozen
This is the discussion thread for the following MSE News Story: Read the full story: Emergency Budget: council tax to be frozen
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Emergency Budget: Capital Gains Tax to rise
This is the discussion thread for the following MSE News Story: Read the full story: Emergency Budget: Capital Gains Tax to rise
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Emergency Budget: tax cuts for low and middle income earners
This is the discussion thread for the following MSE News Story: Read the full story: Emergency Budget: tax cuts for low and middle income earners
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Does the HMRC import duty/VAT calculation include postage charges?
Does the HMRC import duty/VAT calculation include postage charges? I have seen different answers on different forums, so I consulted the HMRC guide for international post users. Unfortunately that is somewhat less than crystal clear. For example: Intrinsic value is defined further down as "the price paid or payable for the…
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PAYE employee working from home can i claim expenses?
:rotfl:I am a PAYE employee for a small company of transcribers and translators. I work from home. i dont get paid a set salary. I get paid for the work that I carry out during the month. Can anyone tell me if I'm able to claim expenses for items like electric/gas/telephone/broadband? Hope there's someone there that can…
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Tax rebate??
A friend of mine was expecting a tax rebate as her husband went from 40% tax to earning nothing for the last 5 months of last tax year. She expected it to be around £2000. When she tried to sort it out, HMRC said that they actually owed the HMRC £1980 as they had underpaid the previous year and so they would get a rebate…
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Accountant - how do you find a good one?
My mother has an accountant to do her tax returns, the trouble is that this guy is SLOW. I mean really, really SLOW - he's full of broken promises and takes ages (sometimes years!) to do anything which he has promised to do. My mother would like to get shot of him but doesn't know how to go about finding an accountant who…
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Reclaiming tax, Which office to write to ?
Dear All, I have overpaid through PAYE. To which tax office should I address my letter ? My p60 reads "HM Revenue and Customs Office Name LOTHIANS" However I live in Cumbria and the HMRC website uses my postcode and returns the address of a Cumbrian Tax Office. Thanks folks
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Response from tax office about rebate
I sent a letter off to the tax ofice with my p60 back on May 6th in reference to overpaid Paye tax for the last tax year. I recieved a letter from the tax office dated June 9th 2010 saying they are returning my P60 and that my enquiry will be dealt with as soon as possible. Has anybody else had similar correspondence from…
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VAT and 2 busineses?
I currently have a business that is VAT registered and am looking to start my second one. Could someone tell me if the second business would automatically be liable for VAT, even if the turnover is under the threshold? The two businesses will be completely different from one another, so it's not like some sort of artifical…
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Tax treatment of compulsorily wound up pensions
Apologies if this is the wrong forum : not sure if this should go in pensions or tax. It's possible that I'm getting half a tale on this, but I wonder if anyone could shed any light on the proper tax treatment of payments made when a pension scheme is compulsorily wound up? Background is that the occupational scheme of a…
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CGT tax on shares that have been held for 11 years
Query for a friend: She holds approx 600 Asda Walmart shares which she obtained in exchange for Asda plc shares when Walmart took over, back in 2000. She now needs to liquidate her holding and wonders if she will be liable for CGT on the proceeds. Looking at receiving around £20,000 - depending upon exchange rate and…
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help re tax codes
Im confused Ive just gone from temporary to permanent at work and was on tax code 379L1 and now Ive just received a letter stating that my new Tax code is 268T. I dont understand why or what this means? I've never had a T code before and really my pay only changed very very slightly so I dont get why my code changed so…
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Tax Rebate?
Hey guys, quick question for those that are better versed in these kind of things. I WAS on Job Seekers Allowance, and then got a new job. My Tax Code was BR (Due to JSA) and stayed that way for the remaining tax year, however I recently got it changed to 647L over the phone. And then enquired about reclaiming my tax. I…
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Tax Query
I work for a company and obviously pay tax/NI with them. However, I am looking at doing some additional work on the side and know that I need to register as self employed. Can someone please answer the following; - Does this affect my current employer? - Will I now need to self declare for both my current job and any…
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National Insurance Question
A bit of an unusual situation I know. But, a question about National Insurance. If I live here in the UK but work for someone in the US, earning less than the threshold at which NI is due, then just like working for a British company in the UK I assume I wouldn't be liable for any National Insurance. Now, supposing that at…
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Share Taxation
work for an american company who over a four year period will give me around £30k in free shares understand these are subject to 20% american tax and 20% health. Believe when this money comes to me in Uk it is again liable to income tax is this true and how can I get round this apart from assigning it to a SIPP and getting…
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Tax Refund and P60u Advice
Hi, I hope someone can help me In the last tax year (09/10) I worked between August and the end of December. The rest of the time I was claiming JSA - two separate claims, the first between April and August 2009 and the second between January and April 2010. I earned around 9000 pounds and got around 1500 pounds in benefit…
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How long for refund
Hello I was on the wrong Tax Code since April,I have contacted the Tax Office and this has been amended (Im PAYE) Does anyone know how long a refund is likely to take /think its about £300/£400? and any idea how this will be paid? The Tax Office said it was a computer error!Quick to take the overpayment but I assume slow…
