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Car allowance without a car
Hi All, As part of my new job, I have been offered a car allowance. But I dont have a car and I dont intend to buy one. I dont need it for my work. Does it mean that the car allowance is taxed similar to the salary that I receive? Are there any other conditions or rules for a "car allowance"? Thanks for taking a look.
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Tax Rebate - Which Years Can I get Tax Back?
I've been working in the UK for the last 9 years. I'm leaving the UK soon and considering filling form P85. At the end of the form P85 there is only one tax year that you can claim the repayment for. My question is: Can I claim tax repayment for the previous financial years and fill a P85 form for each of these years? PS:…
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Claiming deductions on public transportation commuting costs, and flight to the UK
Hello, here's my situation: In August 2009 I take a rather expensive flight from Italy to Scotland, to come to work for an IT company there. The company didn't reimburse me the cost of the flight (only 5 days of accommodation on a B&B). I left Scotland in February, but for some of the months there (October, November and…
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Please Help - Petsitting tax question
Hi Please can someone advise me. I have a full time job and pay basic rate tax on it. However, I also do the occasional pet sitting job - I would say I only make £50-£100 a month (if that) from it. I want to pay the tax for it but have no idea what the best way to do it is. Obviously I cant afford an accountant for the…
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Car Allowance and milage rates- can I claim
My company pays me £2,500 car allowance per annum and this is paid monthly but is taxed. I returned my comapny car in September and have used my own car since. My mileage is excessive to say the least. Since September 2009 I have done about 15,000 business miles. I only get reimbursed 0.12p per mile Can I claim from the…
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Offsetting lease car costs
Hi all, I am a sole trader and have a query about how much I could legitimately offset in lease car expenses against my tax when it comes to my self assessment. I am VAT registered and understand I can claim back half the VAT on the lease payments as the car will be for both personal and business use. I am aware that I can…
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Self Employed Vs Limited Company & non resident status
Hi I have recently started a job in private security. The job is permanently based in a very hot country in the gulf. I am a 'consultant' and definitely not an employee. I'm paid $200,000 a year. For the previous five months I've been working in a North African country as a consultant (2 weeks in country, two weeks in the…
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Tax Question
Hi, I am a higher rate tax payer. I am selling some property in India which I inherited from my father. My question is will I have to pay any tax on this money in the UK (if I transfer it over from an Indian bank account) - I want to pay off my mortgage. I will already have paid CGT in India on the property sale. Thanks…
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Tax on 2nd home rent
Hi I am in full time employment and my wife does not work. Bought a house in December 2001 and lived in it until September 2008, in joint names. I then moved out and rented the property. Property is furnished, rent is £460 per month, rates are £1000, mortgage is interest only and I have been making an odd cash deposit to…
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OH's battle with HMRC
A full breakdown of events in order will follow soon.
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CGT and two homes
Am very confused about whether I should sell up my second home. Any advice would be very welcome. I bought my property A with my partner in 2003 for 249k and lived there till 2008.Then I moved to property B 470k with my partner and rented out property A. I rented out property A till we had it empty for 3 months this year…
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Help with VAT please?
Hi there, Last year I signed an agreement with a company that worked for an hourly fee and agreed on a fixed hourly rate. At the time the company was not VAT registered. They have since become VAT registered and my latest invoices now charge me for the hourly rate we agreed + VAT. The addition of VAT has obviously made a…
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Working from home
Can i claim any tax back from the Inland Revenue for additional heating etc for my home office??
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Electoral register
i have been on my credit report and it says I have been placed on teh electoral register at my new property from 04/2010 but I have lived at the property since 01/2010. Is that just the date the tax year starts so it only shows from then or can I see anywhere that it says I was on from 01/2010 ? thanks
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Watchdog-The Taxman Cometh (Last night)
If anyone was is denial about the ongoing meltdown of HMRC, last night's Watchdog spelt it out very well - and the HMRC's spokesperson showed just how in denial they are. The watchdog website is also enlightening with over 110 comments within the first hour, most of those being horror stories of poor service from the HMRC.…
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Switching from self employed to PAYE... claiming back tax?
Hello. I have been self employed for several years now as a salesman. I travel all over yorkshire (which is a big, big county) and constantly paying out for fuel costs and food. Now before, I could claim all this back at the end of the year on my tax return but now I have switched to PAYE and I am still doing the same…
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CGT on mother in laws house
Approximately 8 years ago following a divorce my mother in law found herself homeless.My wife and I bought her a house to live in. in my wife’s name. We have our own home in joint names. When we come to sell the house we bought for the mother in law what will our capital gains tax liability be, and is there anything we can…
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Reclaiming Emergency Tax
Hi there. I have now been on emergency tax code 'BR' since l started my job back in March 2008. I am full time 39 hours per week and earn minimum wage. I come out with about £12500 per year. Can you advise me how much l can expect back? I've sent a letter with copies of my P60's (although not my latest P60 because its not…
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Tax and National Insurance
Does anyone know what the current rate is for the charge of tax? NI? per week on a weekly wage? My husband got stopped £100 per week for the first month when he first started this job he was earning £400pw and was left with £300pw, this seems a lot of NI and Tax to stop to me. We are wondering what he will get stopped on…
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Claiming back overpaid CIS Deductions
Hi All My husband's accountant has told him he will be getting a rebate of his cis deductions. The company he has been working for have been deducting 20%, when my husband is actually registered to received gross payments. We are going to use the rebate for a deposit on a house and have started going through the buying…
