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Self Assessment
Hi, When I have to fill out my self assessment do I have to mention the money I had in a fixed term bond even if the interest was paid net? Thanks
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Self Employed Car Expenses
I understand as a self employed person there are 2 ways to claim for use of own car for business purposes i.e. 1) 40/25 pence per mile and 2) %age of car expenses used for business use. Does each of these methods take into consideration the cost of the car? i.e. can the cost be included as capital allowance and also…
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NI - qualifying year questions
Got a letter today from HMRC about an NI shortfall at the end of 2008-2009 tax year. I'm just short of £200 for the year. I worked for three months in that tax year and paid some NI but not a huge amount. How much NI needs to be paid when working to gain a qualifying year? A year of voluntary contributions is over £600 but…
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Tax refund for 2010/11
I have decided to retire early and have filled out a p161 to advise when I will be finishing my job and details of my occupational pensions I will be drawing shortly. As I would have paid too much tax do I have to apply for a refund or do they send it automatically. Cheers
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I never use my company car, any way to do away with the tax?
I have a company car, I am a field service engineer working from home, my companys nearest depot is 50 miles away but I never need to go there parts are delivered to me or to site. I hate driving my company car and between me and the mrs we have a few nice vehicles so I do 0 private miles in the heap and even if I wanted…
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council tax rebate
Ive had a letter today from Randall Vickers they should have been sorting out all of my council tax for me ie contacting VOA and then the council afterwards. Anyway though they did contact VOA they never contacted the council and i've had to persue this for several weeks!! Every letter that Randall Vickers sent me a letter…
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ISA Interest - Personal Allowance
Whilst I realise that interest gained on ISA's are tax free, does the income from ISA interest, count towards total income against your personal allowance. I will overpay income tax this year, and have to claim a refund, so I was just wondering whether I need to include ISA interest in my total income for the tax year.…
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self assessment question
Hi all, As a second source of income I buy and sell items on ebay. I have completed a self assessment tax return for the last two years. I have never actually reflected the stock that I have been carrying as of each april. I always worked on the assumption that there was no need to as the tax man would eventually get the…
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Underpaid tax-will the taxman go back more than last 2 years in due course?
Hi there, after getting the dreaded letter for £2100 underpayment for the last 2 years (as other have got) I haver rang the HMRC but seems I will have to pay the amount demanded as all the figures are correct. Im on an occupational pension and taxable Incapacity benefit, total about £13200 per year What I'm a bit worried…
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Losing money on shares - what does offsetting mean?
I've had a couple of grands's worth of losses over the years. Does offsetting mean that if I want to sell my allowance ie £10,100 profit - I can add on my loss of £2,000. ie I can sell £12,100 profit?
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Benefits & tax on savings interest.
For a few years I have been receiving IB, but have still been paying tax on my savings interest (presumably at 20%). I've seen on the net that maybe I shouldn't have been doing so and might be able to claim a little back. After looking at the HMRC website I can't make heads or tails of the situation. I've seen the personal…
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Personal allowance advise?
Today I received a letter from HMRC explaining that I had underpaid 2.2k of Tax over the past 2 years. I had worked for an IT company in a junior position where I was working shifts and office based. I was paying the basic rate of tax. I recently had to come out of work and am presently claiming incapacity benefit as my…
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Got 5mins to test the new Tax Code Checker
Hi folks, We're launching a major new tax code checker on the back of the tax underpay/overpay fiasco. If you've ten mins to read and give feedback that would be really helpful. Please see this post https://forums.moneysavingexpert.com/discussion/2810718 For full info (and reply with feedback there not here). Much…
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Tax demand
Today I have recieved a letter (p800) and it states I owe £1010 in underpaid tax for 09-10 tax year. Within the last 2 months I have lost one of my 2 jobs and now earn £336 per month. I do live at home, but still have outgoings, bills etc. They are demanding the full amount in a cheque and will be contacting me after 31st…
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Net / Gross Tax
As I've not been working for the last few years, should my interest received on my bank accounts now be gross and not net? I am married and he does pay tax so obviously any joint accounts I know we will receive net interest, but I have two other accounts in my name only, a current account which money gets transferred into…
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Mileage relief in a company car
Hi I know there are other threads concerning mileage relief but rather than hijack one I thought I would put up a new one as the circumstances are slightly different. My employer has offered me a secondment where I would have to travel to my HO each week, covering approx 3500 miles per month. I have been able to confirm…
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Am i self-employed??
Hi everyone, i will try to keep this as brief as i can. my situation at the moment is, I've been working for the same company for the past 3 years 6 months, when i first joined the company i was employed by them, with a written contract. almost a year ago now the company announced that certain employees would now be made…
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income tax
can anyone tell me if I'm entitled to claim back fro footwear & washing my uniforms? I work for a high street store, & whereas I could do this when I was nursing I'm not sure if I can & how far I can claim back Miccan
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Self Assessment Online Filing
Hi All Just a quick question. Ive been told I have to re do my self assessment all over again for the past three tax years. The inland revenue have advised me to do it online which im going to do. How long does a rebate take to go into your bank account if I file for the past three tax years all in one go? Many thanks
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Paid someone elses bonus .. now paying the price !
I'm not sure if this is the correct part of the forum but it appeared the best suited. When I received my payslip (I work for a well known large supermarket chain) in november LAST year I was astonished to discover I had received a bonus of almost £6500! Lovely you might think, BUT this wasn't intended for me, it was…
