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Tax and a new Ltd Company
Hi there, I could really use a bit of advice for what I think will be a simple question to answer. There's so much info out on the web that it all seems to blend in to one. Firstly, a little background information. My band is thinking of setting itself up as a Ltd company, mainly because next year is looking like it's…
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One Off Taxable paymant and PAYE
I received a one off income taxable payment because a sharesave scheme ended prematurely (less than 3 years). I've never had to do a tax return because I'm an employee and my tax affairs are straight forward. Will I have to complete a full tax return next year because of this payment, or can I somehow just pay the…
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MSE News: Tax deadline looming for self assessment payers
This is the discussion thread for the following MSE News Story: "The deadline for paper submissions is 31 October, which is a Sunday, meaning the true cut-off is two days earlier ..." Read the full story: Tax deadline looming for self assessment payers
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Income tax question
Hiya I've just started a new job that pays every other week and have worked out that my yearly wage to be £13,105. As I understand it, I have a tax free allowance of £6,475 each financial year. I was therefore suprised to see I was being taxed 20% on my first earnings (£61.80 off £309.66) considering that from now until…
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sole benficiary foreign wife
i have property and an estate that on my demise will make my foreign wife liable for death duties in the uk.--she has and never will live in the uk and has no connection to the uk for tax purposes--i will have a perpetuating pension and an estate that will go to her and i was wondering if their is anything i need to know…
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my tax code
I have 2 jobs in 2 different cities and do nearly 80 hours on both jobs. I have tax codes on each job and pay normal tax. I didnt hear from the tax office on this issue. what will happen if I keep qiute and pay my normal tax? or pls advice what to do?
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SA Tax Return - HELP!!!
Hi there.....So sorry if this has been asked a million times, but: I'm trying to fill out my SA return on line and I'm having a nightmare!! I've tried ringing HMRC but every time I get through they sound like Norman Collier......i.e. in a bath of water!!!!! Might be my phone?!!! :o Anyway, I'm employed full time through a…
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Form R27
I have been sent form R27 after the death of my father last year. There are no guidance notes with this and I am having trouble completing it. It asks for interest he earned and tax deducted from his bank/building society accounts during the tax year up to his death. In this case April '09 to Nov '09. Now during that…
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Self employment Tax Expenses
Hi I worked as a self employed last year. I have travel expenses ( daily traveling from my home to client office ) I have receipt for 400 pounds for another 400 pounds I dont have. Can I claim 800 pounds Accountant telling that I can claim and this is basic and reasonable expenses to go to work Is that right? But I checked…
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Self Employment Tax Expenses
Hi I worked as a self employed last year. I have travel expenses ( daily traveling from my home to client office ) I have receipt for 400 pounds for another 400 pounds I dont have. Can I claim 800 pounds Accountant telling that I can claim and this is basic and reasonable expenses to go to work Is that right? But I checked…
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Capital Gains Tax
Previously posted Savings and Investments - advised to post here instead. Hello, we are retired. Many years ao my then employers granted me some share options. I have now exercised these on a cashless basis as we had insufficient funds to pay the exercise price per share. As I understand it, all options were exercised and…
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Oh God what a mess we are in with council tax
sorry posted in wrong forum
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Tricky scenario - can you help please?
Hi there. A bit of a complicated scenario (well to me that is!), I hope you can help . . . I am currently employed full time (have been with the same company for 12 yrs) but have fairly advanced plans to set up a new venture. The new venture is very complimentary to the existing company I work for as the service I will…
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Newbie to forum...and to tax!
Hi, like i said i am new so please forgive me! I have just qualified as a teacher, and am struggling to find a job, however i am doing some supply work. This is not on a fixed timetable, so very inconsistant. I believe the pay per day is £100 (roughly, bedore tax. My problem is that i also have another part time job that i…
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Is it OK to PRE-PAY taxes?
Hi - I'm an expat living in the UK and had some investment income last year. UK taxes have already been deducted and paid, even though I didn't bring in (remit) all the money to the UK. Rather than apply for a refund for 2009-2010 for the overpayment and then pay the tax in 2010-2011, is it OK to NOT apply for a refund,…
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Tax Help Needed
I recently contacted the Inland Revenue as I had overpaid tax during the 2009-2010 financial year. I was working two jobs from April to August and left both at the end of August to go to university to train as a teacher. I was on tax code 647L on my main job and BR on my second. They have agreed that I am due a refund and…
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I need tax advice please!!!!
If anyone could give some advice or knows how I stand on this situation I would be very greatful. I started job 1 6 years ago and then started job 2 a year later. I then left job 1 and started job 3 in january. Since january my tax has been 1/4 of my wages and I have phoned HMRC and written 4 letters to get the issues…
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Dissolving a limited company
I wish to dissolve my limited company however there is currently a balance of approximately £200 in the business account. How can I withdraw this money? Background: The company traded in the last financial year and I took salary and dividend payments. The above amount now remains in the company (the company has no other…
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Agency went bust, no payslips, no P60, no tax deducted, uncontactable ... what to do?
I did some work for an agency back in June - only two shifts and I only earned about £130 from it. It was my first job in this financial year, and I filled out a P46. I noticed that no tax was deducted from my earnings. However, I assumed (being a little green) that this was because it was my first job this tax year, and…
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A Tax question that I will get shot down dead for asking!
This is certainly not a 'Tax Cutting' question but I want to ask it anyway... I just wondered on other people's opinion on the 'tax free allowance'. I'm just wondering why we have it? I see nothing wrong with the first step in tax paying to be maybe 3%. (and now steps back before being stoned!) Maybe it is the logistics…
