-
Over-claiming travel expenses...
I work as a consultant on a self employed basis. My work account for 80% of my travel, so I claim 80% of all fuel receipts as a travel expense in my self assessment tax return. The complication is that one of the companies I work for have a policy of paying for travel incurred whilst working for them at a rate of 40p per…
-
Council Tax help...i'm clueless - two different questions
Long Story Short Mum owns house we live in, we pay the council tax. We own property mum lives in (alone) she pays council tax. We're moving out of Mums place and buying another property, which will hopefully be our home for the next ten years or so. In the meantime, Mum will come out to her home every other weekend to stay…
-
Am I liable to pay uk tax while working in Japan
Hi My son has been working in Japan since Feb 2010. His contract (self employed but contracted to the Japanese company) is until March 2012 Prior to this post he was self employed in the U.K and has completed self assesment tax returns until April 2010 Can anyone tell me what, if any, his tax liability to UK is for the…
-
self employed but have two jobs what can i claim for
im a self employed builder but i also drive a coach can i claim all my costs on my one tax return i already have or do i need to do two, cheers...martin
-
Tax Query
I have received notification today that my tax code has gone down from 647L to 638L. I am at a loss as why this has occured and my attempts to contact them or naviagate the website to try and answer my queiries have been futile! They say that we have changed your tax code for the year and it has gone down. "This means that…
-
Self Assessment help please
Hi all, I'm just trying to do my husbands self assessment for the first time. I have kept the books as organised as possible so everything should be easy enough for me to input into the online form, however i'm just wanting advice to find out if he will be entitled to claim something for the heating lighting etc he uses as…
-
Sale of US shares/options
Hi, I am totally confused about the UK tax rules applying to sale of shares/options purchased/received via my employer. Please can anyone help? I an UK resident & working for UK company with a US parent. Sale of shares: I assume that where I purchased shares from my employer (albeit in US parent) at a discount at end of 6…
-
Council Tax Band
After reading Martin's money saving tips regarding wrong Council Tax Bands, I checked the VOA website to see which band my house has been registered as. I noted that my property is registered in Band D but that my council have been charging me for Band E. Is there any possibility that the VOA have it wrong and the council…
-
Utterly stumped by a tax refund P50, any help?
I'm really confused as to what the P50 is asking me. I stopped work on the 26th November 2010 after 4 months, during which I was charged the emergency tax code (BR0?). I want to claim it back and was told by a helpful HMRC guy to use a P50. On page 2, it says: So, I assume I fill in this form since I fit those categories.…
-
Quick question:What is the turnover that defines "A Small Company"
I may be about to establish a trading relationship of sorts with a firm that is classified as "a small company". I don't want at this stage to order up accounts at Companies House if they are not going to tell me very much. Anybody know a web based source of good free information? (I know this is not really tax but I bet…
-
Self Assesment online Tax Return
About 6-7 years ago I was self employeed for about a year. Since then I have been employed but every January I get a reminder about filling in a Self Assesment online Tax Return. How do I stop getting these?
-
Self Assessment advice needed
Hello money savers, :D I am hoping for a little advice on self assessment. Last year in February I packed in the day job to go traveling. Before I left, a friend (or lodger) moved in to my mortgaged house and remains there still. They do pay me a rent which to date has totalled about 5k. Now I had planned to be back in the…
-
Tax question
My husband and I had a small business and both completed tax returns each year. I also was employed and payed/pay PAYE. Now my husband has retired early and I am just employed, and the business is no more. Will we still need to complete tax forms each year?
-
Not Registered for VAT
I'm not registered for VAT and want to trade with someone who is. The products I buy I pay VAT on but I can't charge my customer VAT. How does it work and can we still work together?? Any help greatly appreciated!!
-
Tax code retrospectively changed from 357T to 1T, only benefit is a Mondeo !!!!!!
So I got a company car last year, I forget exactly when but it was around April or May. I get private use but have to pay for my own private fuel. The details for the car according to Parkers are: CO2 Emissions 139 g/km Engine Size1997 cc Fuel TypeDiesel P11D Value£21,681 Car Benefit for 2010/11 Car Benefit Percentage --…
-
Tax for business mileage
hi, i called hmrc this morning, and one thing i forgot to ask about this was if it makes any difference if my employer gives me a contribution for using my own vehicle. Reading the hmrc article, I don't think it makes any difference, but; would i be correct in saying: My employer adds £100 to my monthly wages and pays 20…
-
Vat - claiming it back?
We live in Guernsey and so don't pay vat over here and can claim it back or have it deducted from UK suppliers if we are exporting ie if we buy something from Amazon, they deduct the vat at source so we only pay the "net" price. So, the question..... we are planning on buying a motorbike from a BMW dealer, heard rumours…
-
Can I claim a website as a expense pre trading
Hope all of you can help again, and I'm not pushing my luck! This is my first self assessment after turning freelance graphic designer last christmas. My question is I paid for the build of a website advertising my business forr this prior to this tax year. Can I still claim this as a expense, even tho it was outside that…
-
Need some tax help please (extra income)
Posted this on up your income thread and they advised me to come here - hope someone can help!! I am currently employed and earn approx 18k per year but am looking at various activities to up my income (mystery shopping is one) I have read the instructions on the MS thread with regards to informing the HRMC but having…
-
Self Assessment: PayPal & Turnover?
Hey guys, Continuing with my "beginnerness" with self assessment and not being able to afford an accountant, I am working out the finances between Oct 27th 2009 & April 5th 2010. My only 2 sources of income for my online business has been AdSense and PayPal. In that period, I have sold items on eBay for big amounts (~…
