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Tax Underpayment - Help
I hope someone can help. My wife (who worked 2 jobs until recently) has received a letter from HMRC stating she is due approximately £2500 spread over the 2008/09 and 2009/10 Tax Years. She phoned the HMRC and they said that it looks like both jobs were taking into account her Personal Allowance hence the fact that she has…
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Doing my own book keeping, finding an accountant.
Hi I'm fast approaching the year end for my private LTD company of which there is only one employee (myself) I am preparing my accounts, off which there are very little transactions, (less than 10 invoices sent out) and accounting my expenses. I'm looking for an accountant to finalize the books leaving it for me to submit…
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Council Tax query
Not sure if this query should be in this section. I currently live in South Wales and have my own house. I'm due to start a new job in a different part of the country after Christmas. Initially I will be moving in with my parents until I am able to sell my home. As my home will be unoccupied (I will go back at least once…
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Self Assessment Tax Return
I have a property that I let out and I am about to do my self assessment online for the income I have gained from the property. When I rented out my property at the beginning I used an Estate Agent to manage the property. I am aware I can put their fees against my rental income for tax purposes, however can I include the…
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tax bill arghhh
hi wonder if anyone can help , hubby recieved a tax bill this morning saying he owes £1780 for 2009-2010 and £854 for 2008-2009 he gets a small pension and a small wage i think the problem is that he should have been paying 20% on both incomes is this right we thought he just payed 20 % on the pension and normal tax on his…
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Small Tools Allowance
Hello Inland revenue agreed an £80 tools allowance for my husband. He is employed but has to provide own tools. I can not remember how to claim - does this come off the tax return or should HMRC adjust the tax code? Also, what happens when you no longer do a tax return? He is doing for 09/10 as we had a rental property and…
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Sold rental property - can I claim costs?
Hello I sold a rental property in May. Can I claim costs associated with the sale on my tax return? Thanks
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P800 - state pension
I am wrting on behalf of my mother who has received a P800 form for tax underpaid for the tax year 2008-09 I have had a look around this forum and also websites like taxvol & litrg and still unsure of the answers. So any help would be much appreciated. I have had a look at all her figures and they seem to be right and make…
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Giving away money?
My mum, who is 88, wants to give her grandson £10 000 to help him get a deposit together to buy a house. She has not given him or anyone else a large amount of money before. When she ides we don't think she will be liable for inheritance tax. Will this be OK?
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Online filing
Hi , just a quick question. My OH has filed his first self employed tax return online . Will a copy of this return remain on the HMRC website so that we could go back and look at it in the future ? How long would it remain there for ? I have read on this site that we should ensure we have a copy of the return for future…
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Paying Tax on a Trust Fund
Hello all. This is my first post so please be gentle. My mother & father set up a with profits trust fund for myself approx 20 years ago. It has now matured and due to "pay out" in the region of £50k. Does anyone know if I have to pay tax on this money or will this have been taken care of with tax on the interest over the…
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Income Tax refund?
Is there a time limit on claiming back Income Tax?, I left the UK and subsequent employer in May 2005 and thus would have been taxed normally, I am now retired and have no intention of returning to the UK on a permanant basis (let alone working there!!). Thanks
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when does corporation tax have to be paid?
when does corporation tax have to be paid? is there a deadline for it and when is it? Thanks in advance
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Tax refund
Hi I'm very new to the forum. I'm a little confused about whether or not I can apply for a tax refund/rebate or whatever, on my new job. I earn just over £12k a year (following tax), I live with my parents, I don't own any property and I don't have any assets. I'm also under 30 (don't know if that's relevant!) Could…
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Tax on gifts vs family loans
Hi everyone. I've a bit of a conundrum here. The facts are : Buying a house at £495k Mortgage of £295k and deposit of £200k Now...£90k of that deposit is coming from my mother as a loan. She doesn't want any interest in the house so, I guess, it's 'unsecured'. The solicitor, though, has set the cat amongst the pigeons by…
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Self employed sole trader - can you claim for meals/NIC
After being unemployed for a year my hubby started getting an odd day here and there doing QA inspection work. He now has a full time three month contract. The agency he gets the work from treat him as self employed and pay him gross. He is going to set up a business account and inform the Revenue that he is self employed.…
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Employment tax code
My friend who is a full time student with a part time job has been on the tax code of 647L for the rest of the year until this weekend when they opened their payslip and found it to have changed to 552L. Her top line for the previous week was 133 with not much tax and national insurance finishing up with roughly £100 but…
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Comapny cars and fuel
Any help appreciated by you clever tax type people!!! currently i have a company car tax accordingly via PAYE. Re fuel we claim this at 15p per mile where by we put the fuel in and claim it back retrospectively at the end of the month. My question is this. If our company were to provide a fuel card to allow us to put fuel…
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my mum who is 63 owes £3000 to inland revenue..help!
hi my mum got a letter this morning saying she owes the inland revenue £3000 due to a lump sum she got from pension credit she didnt have a clue about it..now im just wondering what her options are can she pay them up or will they just demand the money in full i'm so worried as she has her own home and they might force her…
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ParcelForce and charges to be paid
Hi, I do not know which section to put this, so I have placed it here. I sent an old camera off to the USA for repairs (because they specialize in this camera) on 15/11 via DHL Express (I have retained all documentation). It has now been sent back to me via USPS and Parcelforce and apparently there are charges to be paid.…
