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Union Payment Reclaiming Tax?.
I heard from a Teacher in the school i work the other day that you can reclaim the tax on Union payments, is this true?, im support staff.
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Advice wanted
My wife and I bought 3 properties in 2007 with the intention of selling,however with the state of the housing market they are unable to be sold. We are going to rent them out,we have rented one out from Feb.2010 and the other two will be rented by the end of the year hopefully. We are both paye and wonder what we do now…
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Tax code question
Hi there, Sorry to start a new thread to ask about this, but I've been running round in circles all morning trying to figure out if I'm paying the right amount of tax. I've just started doing some full-time temp work. I earn £10 an hour and work 35 hours each week. From £350 I'm having £70 taken as tax and £26.40 as NI…
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gifting half a house?
I've been asking about CGT and had some really helpful replies. Now got another question for you .... My husband and I are debating whether or not to sell our current home or rent it out. He owns it, bought it in 1996. He/we have lived in it for 8yrs, and it has been rented for the rest of the time. We're wondering if it's…
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P800 Tax Notice
SMy mother, a pensioner, has received a P800 tax notice indicating an underpayment of tax over 2 years. I can confirm that the income amounts on the fnancial year 2009/10 are correct but have still to confirm the amounts on the 2008/09 year. She gets a state pension every week, a private widows pension every month and she…
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Have Company Car but do not use it for private use
Hi all, Hope you can help me with this. I have a company car which I can use for my own private use. Have had the car for nearly a year and so far I have only used it for work, no private miles at all. I am paying approx £30 per month in tax. The company have offered me a van to use which would be non taxable but I would…
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Self Employed - Starting up business end of month..
I will notify the IR when I start up my business, when does the tax forms need to be filled out and paid by? Will start November 1st
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Capital Gains Tax on coomercial property!
Hi guys i ran a business from a property for over 15 years and at half way point bought the property for £145.000 and now selling the property for £150.000, its soley in my name, and was bought in 2004. Now the question if i was to buy another businss as a lease could i claim for re investment or does it have to be a…
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Tax Rebate
I think i may be entitled to some sort of rebate but dont know where to start. I started work part way through the tax year 2009/2010 and earned 6318.71 and paid 248.20 with my tax code being 647L. Ive looked on 3rd party refund sites, but a bit wary of using them. Any tips or advise where to start, I would be extremely…
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Expenses Questions
I have just started being self-employed (set as a sole trader and not Ltd Co) and my job involves a lot of meeting with clients. Am I able to claims the costs of drinks during these meetings as a business expense? I would normally meet people in coffee shops (e.g. Starbucks) or in a bar (only during the day - as I realise…
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Paying tax working in UK but for Bermudian company
Any help appreciated please as I am complete novice. I have been offered work by a company in Bermuda, but it will be home based from here in the UK. How would I go about paying tax? Should I register as self employed? Would I have to pay in Bermuda? I have no idea!
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Google Adsense tax question
(I hope this is the right section, I considered "up your income" but thought more of the tax experts would be here!) Hi, I'm in full time employment. I have a website which gets a decent amount of page impressions, but not amazing. I want to start running Google Adsense ads on the pages but was wondering about tax…
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Council Tax of new built flats
Hi there, I purchased a flat new built over a year ago and its a C band council tax. I have a 2 bed on the canal and it has a parking space. there are flats across the road that have been there about 7-10 years which are only a band B and are the same spec. Do you think I have a case to present to the council that I'm…
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Allowable expenses for self assessment for things I already own
Can I claim on my tax return for things I owned before my self employed business started? I have quite a bit that I bought and used to practice with in advance of the business starting, and now are used almost only for business use? I have my tax return to complete soon so wondering what I can and can't claim for. I don't…
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PAYE for new businesses
We started our limited company in January 2010. In the budget, there was something said about new businesses not having to pay the employers liability part of PAYE for our new employees (who started August 2010). Would this apply to us? Does anyone know?
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Backdated tax code change
I wrote to HMRC to tell them about personal pension contributions I have started making, so that I could reclaim some tax (as a higher rate tax payer). I have now been given a new code which, applied across a year should allow me to recover £900 (20% of £4500). They say that this code has been "backdated to April 2010",…
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Company Car or Car Allowance
I'm starting a new job where I have the offer of a Company Car of my choice or a Car Allowance plus mileage allowance (40p per mile) to use my own. I will be in the Higher tax brackets. Would it be more tax efficient to use my own car via the allowance I am being offered or is a Company Car a better idea? I'd appreciate…
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Salary Sacrifice - Tax Return / P60
Hi The company i work for has a salary sacrifice pension scheme that I am a member of. In addition to this due to a rental property income I receive, I have to complete a self assessment tax form each year (in fact, this is the last year I have to complete one as I sold the property in the last tax year). I am filling in…
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Tax Pensions and Child Tax Credit
I earn £1000 over the 40% tax threshold and will lose my £1700 child benefit in 2013 which withmy wife working part time I can do without. Therfore I plan to reduce my taxible income to below £43875 by paying more into my company pension as I currently pay in the mumimum. A Will this work? B How much will I have topay in…
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capital gains tax - selling my house
Hi My partner and I have each owned our own home for ten years. He has lived in his house for this time but I have rented mine out for the last three years as I have been working abroad. We plan to get married next year and I wll be moving into his house and plan to sell mine once the property market starts to pick up. My…
