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National Insurance
I'm not sure if this is the right place....sorry if it isn't! I've been self-employed for 7 years, and thoughout that period I've been voluntaril paying Class 2 NI payments by direct debit each month. Earlier this year, for various reasons, I needed to stop paying these, and I completed a form in order to do this. I didn't…
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Pensioner pay tax on savings
Hi can any help. Mother in law is paying tax on her savings. How can i find out if a: should she be, and b: reduce it She gets £198 pw pension. She has £58k in Isa She £2000 in current account(far too much but she wont be told) She has £5k in savings acount and finally she has £35k in another saving account-this one she…
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Personal Tax Allowance HELP!
I have a question regarding my personal tax allowance, my tax code has just changed on the 28/12/10 to 631L from 635L. I work in sales and my commission accounts for multiple times my basic, but is extremely erratic in terms of what i get paid month by month, anything from £5k to £20k a month. I know that my personal…
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Inheritance Tax
Hello Does anyone know if you have to pay inheritance tax on a deed of family arrangement?
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Disburement of proceeds of a will
We are equal beneficiaries of our Dad's will. All monies are in the executors account (a sibling). When can the proceeds be disbursed? Is there a formal process to complete before release or can most of it be disbursed in advance? I would like to get my share into a savings account ASAP and I don't see why it it is not yet…
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Help Needed - Bonus to be given instead of wages
Hello, I currently earn £18,000pa (£1195.35pm) and have been given a pay raise which effectively increases my wages to £20,700pa (£1350pm). However this will be paid by me taking a basic of £12,000 (£850pm) and receiving a monthly bonus of £500pm net of tax on the bonus. Does anyone know how I calculate how much tax I will…
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Advice needed, moving to USA
I'm currently self employed as a civil engineering QS, registered as a sole trader and moving my American wife back to the Floridian sunshine later this year. :j I need advice from anyone who is / knows an ex-pat that's set themselves up to work over the net for example. How is a Brit domiciled in the US but working for UK…
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Tax on 2nd Part Time Job?
Hi all, Just wondered if anyone could clarify the tax situation on a second part time job? My main job I earn £20,000 salary - the second I'll be earning £87 once a week between now and March 27th. (13 days in total -Each Sunday and an extra Friday in two days time) The tax code on my main job is 647L. How much should I…
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Completing SA when exact details unknown
My partner has rather belatedly been instructed to complete SA for 09/10. During this period she only held one position of employment, and this was for about 4 months. The problem here is that she was never issued with any payslips or a P60 so isn't really sure what to declare on her SA. From her recollection she was…
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Property Losses carried forward: Tax Return required??
Hi Following lots of searching on th internet I have not found a specific answer to my question and would be grateful for your views. Does a SA tax return need to be submitted to HMRC for BTL property losses to be recorded; and in order for those losses to be used in future years. The property income levels are deminimis…
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Car and Fuel Benefit - Employee Hasn't Been Taxed Until Now?
Hello All, I'm temporarily doing the job of our office manager who is on long term leave due to illness and am having a bit of confusion here regarding a tax code for one of our employees and wondering if anyone can help. The employee in question took delivery of a company car on 1st October 2009 and gets all his private…
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Over 65 Income Tax Allowance
I turned 65 in September 2009. During the tax year 2009/10 I received a proportion of the higher tax allowance of £9490 from my birthday until 5/4/10. I read that in the year one turns 65 you receive the whole of the allowance regardless of when your birthday is. Could anyone please confirm this before I contact HMR&C? TIA
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Do you pay VAT on a conservatory?
Hello all! I had a quote for a replacement conservatory before xmas, and just followed it up today where the nice salesman told me that they will hold the price at the 17.5% VAT. Great I thought! But then I remembered, when I got some windows installed last year, the [different] company said that there is no VAT to pay…
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Declare Extra Income from a hobby
Hello, I have a website which brings in £60 a month and the time has come to declare this to HMRC. All I can find on the site is SA100 - Tax Retturn 2010 form on the HMRC website but this seems to be a full tax return which surely I don't have to complete. Does anyone know how do declare additional income? Many thanks in…
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Giving to charity & saving paying tAX
We have a rental property which we will earn a few thousand £ profit in tax year 09/10. I worked till December 09 and then stopped work, my wife still works. The question is as we will have to pay the tax man a few hundred pounds can we give any of this to charity to avoid paying some or all of the tax due on our rental…
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Council tax - single person
Hi I bought my first house in march 2010. I've been looking over my financial records and thought i was paying too much tax for my house. I checked the band against my council's website, which says i should be paying £1373.84. I am currently paying £153p/m, working out at £1836 pa. I also live alone and have done since i…
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Overseas income. Is it taxable?
Hi All, I'm a web developer and I've got a full-time day job on which I pay taxes and NI through the PAYE scheme. In my spare time I started to develop iPhone Apps. One of them ha been quite successful and is now generating an extra income (actually I'm earning more than my day job). How should I manage this extra income?…
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P87 mileage claims and Lease cars
I have recently submitted a P87 claim for the last three tax years (07/08 & 09) for my time at a previous employers for mileage. My situation is slightly different to the standard though, rather than owning my car it was leased with a reputable supplier (Masterlease) which was organised through my firms car scheme however…
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Owed tax - how long?
I am owed tax from September. When can I expect a refund? I have tried to contact the tax office today but no joy - sat waiting on the 0845 number! Thanks in advance!
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tax refund whilst on maternity allowance
hi, i am hoping that this is the correct board to post on. just a question i have really and wondering if anyone can help with an answer, i have always worked but recently changed jobs and then found out that i was pregnant so this has now resulted in me having to claim maternity allowance as i wasn't in the job long…
