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Pension tax relief
If you are in the 40% tax bracket how do you claim back the additional tax relief on amounts that have been paid into your pension. My understanding is that 20% is paid automatically however the additional relief has to be claimed back by the individual. Is this correct and if so how is it done? via SA? Thanks in advance
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Taxation a true story
How true is this. Scary At first I thought this was funny....Then I realised the awful truth of it. Be sure to read all the way to the end! Tax his land, Tax his bed, Tax the table At which he's fed. Tax his work, Tax his pay, He works for peanuts Anyway! Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his…
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Mileage rate - can I claim something off my bill?
Having accepted I will have to pay the recent bill through my coding for my P11D , I am looking to see if I can salvage anything! I get a car allowance which I take instead of a company car and the mileage that I undertake for work I can then claim an allowance. With fuel costs I am losing out and think somewhere I have…
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Old endowment policy tax question
Hi all, I have had an old endowment policy mature for a mortgage (1985 vintage) long since paid-off. Is the money taxable? Naturally there'll be other questions if it is! Cheers, Shyl0ck
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tax on fuel benefit
Apologies if this has been asked before but I can't seem to find any information in regards to fuel benefit. My husband has recently handed back his company car but we are unsure whether to do the same with the fuel card. Can anybody advise what the tax implications are. All information I seem to find relates to fuel…
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Expenses: Self employed
Hi, Are you able to claim food/accomodation costs (purely for myself)for trips associated to your business...such as courses for professional development? Thanks
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Inheritance Tax help and advice wanted
Help wanted please - am asking on behalf of my elderly widowed mother. My father died in 1977 leaving everything to my mother under a "mirror" will where whoever died first left their estate to the other. No inheritance tax was involved then. Under new rules can my mother use my father's portion of allowances instead of…
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Reclaiming tax confusion!
Hi, I'm don't really understand much about tax codes/reclaiming tax and am wondering if anyone can give me advice (sorry it's a bit of a long story). I worked through an agency from May last year and got taken on at the company permanently from 3rd December last year. I did not receive my P45 from the agency until last…
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Tax question
Any help much appreciated
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Self-employed contractor,fixed term contract, tax / ni questions
Ive just been taken on by Lionbridge as a self-employed internet assessor. It is stated in the contract it is for a period of 11 months maximum. Could I buy a new laptop for the business and claim this as a capital allowance (?) against my future tax bill, knowing that after 11 months I will no longer be self employed ? Is…
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TAXBACK.com
Just recieved a phone call and e-mail from this company demanding that I pay them £120 processing fee for work they did for me in 2007. I claimed back a small amount of tax after coming home from a working holiday in Australia. At the time they took a cut from the money and sent me a cheque. Now they are demanding more…
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self employed tax
Hi two questions 1. do you pay more if your self employed?what per cent do you pay 2. how can you pay tax?per week or month?
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moving property into joint ownership & CGT
if I change ownership of a property which is not main residence from single ownership to joint ie from just me to me and my common law wife will this be classed as disposal of an asset and therefore liable to CGT?
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Tax Free allowance on earnings.
Hi. Im self employed DJ and earned 6200 09-10. I am also employed and earned 14526.10 paying 2,905.20 tax. I paid 297 tax on my self employed work too. Does this seem high? What is my tax free allowance per year? Thanks!
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Tax Code
Hi, I am trying to understand what tax code applies to me. Couple of ago year my p60 had tax code as 603L. I had some increment and last year p60 has 647L. Not sure am I on right tax code have I overpaid! My friend got a letter from HMRC that he has overpaid and he will be getting £3K in refund. Also I had paid £2K+ extra…
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Dormant Ltd Company and SA Tax return ?
I recieved a reminder from Companies House to say I need to do my first annual return on a Company which I registered this time last year. The company is dormant, no trading has taken place, it was registered to along with a domain name in order to preserve the names for possible future use. So technically I am a company…
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Claiming Tax back on share sale.
I recently left employment with one of the Uk's largest companies. During my employment I was issued with free shares. When I left I decided to sell them but some of them were tax and NI liable so I had to pay a fair amount to the taxman once these were sold. I earn under the LEL and so don't pay any tax and just wondered…
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flat rate job expenses on tax code change?
i received my PAYE coding notice for 2011-12 and theyve given me a £60 Flat Rate Job Expenses which entitles me to get an extra £60 on top of my personal allowance? How on earth did i get this, and what is it?? has anyone else heard of it?! not that im complaining at all, just that i have never seen this before, I dont…
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Tax Rebate
Can someone help please, My wife has been working temporary since 2004 with different offices through work agencies, and emergency tax hasve always been taken from her inspite of her completing all the information that was requested, she wants to claim back the excess tax but one of the agencies she got one of the jobs…
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Importing goods USA to UK, Self-Declaration VAT via UPS?
Hi, Keeping it short, but sweet. I'd potentially like to import an item from the USA to the UK. The item in question is a tabletop vice for holding circuit boards costing roughly £67 GBP. The shipping would be free, i.e. I wouldn't be paying, the company I'd be buying the item from would. They ship via UPS and I'm aware…
