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Higher Tax Allowance
It has been anounced that the basic tax allowance is to increase by £1000 to £7490. There has been no mention of the higher rate for the over 65's. Does anyone know if the same increase applies to this age group. Thanks
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Self-employed: putting money into business
Hello. My OH is self employed. She is doing her return for April 09/10. During that period, she put £6,000 of her own money in the business to buy equipment. The equipment would have a life of 3-5 years. Her expenses (excluding this figure) is in the region of £5,000 and her income was C £8,000. Is this a loan to the…
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P87 with Fuel Card
Afternoon All, I know this subject has been discussed at length, but it seems everyone's situation is a little different, with mine being no exception! My employer provides me with a car allowance on a monthly basis along with a fuel card (fully paid for by my employer). I travel extensively with work using my own car and…
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Claiming cash back on mileage?
Can I claim money back or is it only a tax relief figure? I thought if i did 1,000 miles I would get £400 back. However I am now looking at it and looks like it only gets put down as a business expense? - Really?! That means say i earn't 10k, my normal tax free amount is 7500 means I only pay tax on 2500. However if I…
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Can I do this? Husband pays me......
Hello there, I would be very grateful for some advise please....... My husband is SE, he has to be to fit in around my illness and the kids. I have not worked for 8 years due to health issues, much worse in the last 3 years due to diabolical medical professionalism (this has now been addressed and an apology has been…
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mystery shopping accounts
hi there, just doing up my self employed accounts for 09 - 10....wish I was better organised! Anyway.... is the allowance per page printed 10p or more? is the allowance for mileage 40p Anything else we can claim for (I know parking) what about getting lunch when i have travelled far visiting lots of shops thanks oh, one…
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Part-payment of tax?
I'm self-employed, and obviously I've got a tax bill coming up at the end of the January. I've done a rough draft of my tax return online, so I've got a good idea of how much I owe but I want to double check the figures before I hit the button to submit it. In the meantime, I've got money sitting in my bank account waiting…
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RIFT PAYE tax refund
Hi, has anyone used the rift tax refund agency? rift.co.uk I know people who have used it years back but my first thought is that they took quite a large percentage. If anyone has used or could recommend a similar company it would be very much appreciated. Thanks, Stuart
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Tax Period
Hi All, I have a house that I let out, it's been let out since mid January of 2010 and is still let out at present. When completing my tax returns to be completed by January 31st what period to I need to pay for? Finally I had some pretty large bills in November and December of 2009 such as mortgage setup fees etc can some…
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Tax & Bonus
Does anyone know how I can calculate how much of my annual bonus I will actually receive? Last year I lost over a 3rd to the taxman, money which I could have used to repay my overdraft. My employers prefer to pay us all minimum wage rather than add the £500 - £1000 bonus to our annual salary, which I'm sure would result in…
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Is Council Tax open to "Invitation to treat"?
My father thinks that Council Tax is subject to contract law the same as any other goods or services. So he sees it as an "invitation to treat" and doesn't have to pay the full bill, only what he wants to. Is he correct?
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Self Employed - Claiming workspace percentage of home
Hello, I'm just about to complete my first online self assessment. I've totalled up all of my expenses (from the reciepts I've kept) and my income as per my invoices for the trading period. Since I work from home for my self-employment I'd like to claim some of my utilities and expenses. My workspace takes up 5% of my…
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Underpaid tax??
I recently received a P800 tax calculation stating I'd not paid tax for car benefit and car fuel benefit for the 2009 - 2010 tax year therfore oweing £1581. I was very suprised to be informed of this as I thought my employer would have used the correct tax code or the HMRC would have adjusted my tax accordingly as they had…
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Tax return query
Hi, wondering if someone could advise me on the "Have you made any income tax losses in the year 2009-2010" question on my tax return pls. I really only have income from a property I rent out and in that tax year I had to do major repairs which totalled far in excess of any rental gained. Do I answer YES to the above…
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SPAM Warning - Email for Refund From HMRC
Just a warning... I have just received a quite well worded SPAM email appearing to come from [EMAIL="srvcs@hmrc.gov.uk"]srvcs@hmrc.gov.uk[/EMAIL]. The email includes an embedded webform which requests card details to process the refund against and some card security such as mothers maiden name and DOB. Compared to alot of…
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Complete beginner tax return
Hello Could someone clarify when my first tax return needs to be submitted please? I started self employment 21st February 2010 so don't complete a full year until 20th February 2011. I have been told I should file an online tax return by 31st January 2011 but I will not have a full years figures then. I only do a very…
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International Superannuation from Australia
I wonder if anyone could help, or at least point me in the right direction. I worked in Australia for a year and built up a superannuation of several thousand pounds. I need to cash it in (or more accurately - get a refund) as otherwise the Australian Tax Office will essentially claim it as theirs. It is probably worth…
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Tax Return - changed from rent a room to live 'out' landlord
For the last tax return year I was live-in landlord for the first half then part move way through I moved out renting out the whole property. Do I file 2 tax returns - 1 under rent a room scheme and the other outright rented property. Or can this situation be covered under the one return. Any help or pointing in the right…
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Simple tax question?
:oJust a quick question for all you tax experts. If someone started work on November the 15th 2010 earning £15610 a year with the standard tax code would they be able to claim their tax back in April 2011? Thanks in advance.
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Tax code change
Hi Recently received a ltter from the IR saying my tax code has been changed to 591L for the current tax year (10/11). It was 607L. I'm assuming this means the lower code means I'm going to be paying more tax? Don't you just love it... Question is - nothing has changed with my employment other than a pay increase but I've…
