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Any other taxi drivers here ?
Hello all. Im a self employed taxi driver in my first year or so of driving . I work from a rank . I have just completed my first tax return and hopefully all is in order. I was getting great advice from another poster ncthomas1 which was a massive help and just though that maybe some of the more established drivers may…
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taxi driver needs some tax help.
Hello to everyone. I am new to both the forum and in my first year of being self employed. Just trying now to get my head around everything which goes with being self employed and wanted to see if anyone could confirm that I am doing things correctly. My questions are 1- I am using the method of claiming running costs of…
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Okie to receive £20,000 gift from friend??
I am 33 year old, live with my family(wife and a year old child). My father-in-law helped a person in the past in his very hard time(in India) and the person is settled in UK long ago(35 years), aged about 60 now. Since we have baby, I am thinking that wife should leave the job and spend some quality time with the baby…
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Tax code - Started employment two months ago
Hi all, I started a new job in December 2010 and I was emergency taxed for the first month due to a late P45 being given to my employer. I was expecting the tax back the following month but this has not happened. I am now on tax code 647L M1. Is this correct? I am still trying to get my head around this but I'm sure that…
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An allowable loss?
I'm just finishing off my self assessment for 09-10 and I had a question; I'm going to post it here in case others can answer before I phone HMRC and sound stupid. At the end of the tax year I set up a LTD and stopped being self-employed. What I did was pay £1000 from my self-employment account to my LTD account to give…
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Can I claim VAT back?
I recently started a self employed job as a community health care assistant. The company I work for, arrange the tax/national insurance every week. I drive on average 50 miles a day to a number of houses in my own vehicle. I had to pay for my uniform and the petrol I use. What can I claim for and how would I do this? Any…
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Self assessment car issue
Hi, I have been searching through all the car tax threads and can't find one that helps with my situation, hopefully someone here can point me in the right direction. I use my private car for work and get a car allowance of £360 in my pay for which I pay tax in my payslip. I have a fuel card which pays for private and…
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Company car tax
Hi all, before I start I know nothing about tax. Any way I've just just found out that I've been paying far too much tax for the last few years, I have a company car and every month pay a set amount that allows me to do around 200 miles, but I'm paying the tax that I have free fuel off my company,which I don't as paying…
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Company car fuel question
Hi all Just wondering if someone could confirm what I've been told today.. This person has a company car but because he has to pay for his fuel (rather than get a fuel card) he can claim the difference of what he gets from his employer and 40p ie his company pays him 12ppm and he claims 28ppm from HMRC. Does that sound…
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Tax Return
Wondering if anyone can help. I`m filling in my tax return and turnover is less than £30,000 last year I was able to lump together my allowable expenses and it let me put them in one box, this year there is a list of allowable business expenses coming up with the last item in the list being Total allowable expenses. Please…
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Probably a silly question from a self assessment novice
Last year I did an online tax return for a little bit of self employed work I did between 2008-2009. They sent me a SA pack this year as well. I haven't done any self employed work during 2009/2010. Do I still need to log in and tell them this or just leave it? Thanks
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Help with this taxing question....please!
hi there, need a little bit of advice re this: i will explain our circumstance first. both me and my wife do not work anymore, we get state and private pensions but do not receive over the amount you are allowed to receive before paying tax. we have savings and receive interest on these saving, again all this seems to fall…
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VAT on income tax forms?
Hi all. I asked a similar question on here a few weeks back but been ill and didn't really get my head around the replies:( I'm a self-employed courier and was advised to get VAT registered. Although replies to my earlier post said that they were separate issues, I don't understand how VAT and income tax work…
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Tax on insolvency service payment
Hi all Last year I received a payment from the insolvency service as a redundancy lump sum when the company I used to work for went into administration and understand that I need to declare it on my self assessment under the 'employment lump sums' section. I know the amounts, but I do not know if it was taxed or not at the…
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Taxing savings on Self Assessment
I'm just completing my Self Assessment and have hit a snag. Most of my savings are in ISAs and not liable to have the interest taxed but one is not an ISA so tax is paid by the bank and the net amount is paid to me. I'm a standard rate tax payer. The HMRC site states for such savings If you're a basic rate (20 per cent)…
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how to earn money tax free
hi, i read some where that any one could earn an income but not havinf to pay tax on it, sill me has misplaced the infromation and i have hoping someone would know what i was taking about and could help me.
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Self assessment tax form and savings/investments/property
I'd like some advice on tax and completing a SA tax form. I have never completed a SA tax form as I've always been an employee and I have never been sent one by Inland Revenue. I have however had some various savings and have bought into a flat. My situation is: Up to tax year 08/09 I had the following savings: £4k in a…
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Tax self assesment
Hi I've had to complete a self assesment tax forms for the past 6 years but have not received one this year. Is this normal? I dont work or claim any benefits, I always wondered why I had to complete these forms. Any advice appreciated. Thanks
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paying self assessment from your HMRC account
Morning, I've just submitted my self assessment tax return. The amount in my HMRC account (i.e. the two payments I made on it last year) covers my calculation for 2009-10 and also the first of my payments for 2010-11 (I reduced payments on this year due to a reduction in self-employment income). Thus I don't need to make…
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Single Parent Discount: do I still qualify
I'm currently in receipt of Single Parent Discount on my Council Tax. Both my son & daughter live with me (son is at university and daughter is at college working minimal hours on weekends). Do I still qualify for Single Parent Discount? Thank you :)
