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Reclaiming income tax
Hi, I've got a query that I hope someone knows the answer to. My parents are married but are separated, so they aren't taxed as a couple. My dad works but my mum doesn't. His annual tax free allowance is fully utilised on his income but because my mum doesn't work, her annual tax free allowance isn't fully utilised. She…
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Taxing Question
Hi, I hope this is the right place to post this. Suppose man and wife sell their company for millions of £££££s move to Switzerland from the UK as tax exiles, and several years down the line, wife leaves husband, and suppose to save things getting complicated, wife moves back to the UK and husband pays a regular amount of…
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Salary Sacrifice And 40% Threshold
My salary for 2011/12 will be £46K. My company offers the option to sacrifice salary in favour of pension contribution. Just wondering whether people think I should sacrifice salary to the point where I'm below the 40% threshold. The main goal would be to prevent having to pay 40% tax on my share of savings interest. My…
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caseyK
I held some BAA shares in 2003 and had to sell them due to a hostile takeover of the Company in 2006, they were sold before the three year maturity date. I paid tax on the profit, but would I have been able to claim Capital Gains Allowance and pay tax on the residual profit above that amount?
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tax code help please
Hi all, I am getting sooooo confused with tax codes lol. After reading some shocking stories on here about people having huge tax bills they need to pay, I started trying to work out if my tax code is correct. Im in a muddle. I've only been working a few years straight from school and tbh I havnt given a thought about how…
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P800-Tax underpayment 2007-2008 & 2008-2009
I would be grateful if someone can give me advise about the above matter. I have today recieved a letter from HMRC advising that i under payed on my tax for the tax years 2007-2009 and owe them £1900. The reason they say i have this shortfall is due to the fact that i had to 2 jobs and both employees where applying giving…
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pay tax on pension on earnings
hi im after a bit of advice for my mum.she gets my dads private pension after he passed away some years ago.the tax code on this is set at 647l her personal allowance. she now works as this is a secound income the tax code on this is 112 is there anyway this could be changed.so the person allowance was on her earnings and…
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Company Car Tax Help Please
Hi Hope someone can help me, I am really panicing over a letter I have receved from HMRC. I got issued a company car in January (13th) 2011 and was told the BIK tax was £32.87 per month and never any more than this, or company would cover it (have in writing) I spoke with HMRC last week and advised of my company car as…
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Tax allowance for uniforms
Hi, firstly apologies if this is posted in the wrong thread. I work in care establishments, the company I work for provides the uniforms. Wondering whether or not you can get a tax allowance, either in the form of a tax refund or alteration of personal allowance tax code, for having to wash your uniform at home. This…
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Tax Rebate help
ok read alot on the internet and alot of conflicting info based on different circumstances. I'd like to know firstly if i am eligable and secondly which way to apply. I lost my job january and had always been in paid work until that point. I started claiming JSA 18th or was paid JSA from the 18th of Jan 2011. I would like…
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tax help
Hi, Wondering if anyone can help me...I am due to go on maternity leave in a few weeks but am also being made redundant at the same time. As a result my maternity pay will be paid to me in a lump sum at the end of april along with one weeks wages and a redundancy pay out of £1169. I am obviously trying to work out exactly…
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Why has my annual C-Tax bill gone up??
Is it my imagination or did the governement say annual bills would not rise this year? I have a 6% rise! Been told it is the town council.
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Company Car?????
Hi All, Newbie wanting your help!!! Ive got a company car at the moment with a fuel card. Which includes private use. So im wonder if its better to take a £300 allowance or carry on the with company car. I say i do roughly less than 3000 private miles a year. Any advice
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Using pension contributions to move back to lower rate tax
Hello I'm currently hovering just above the threshold for higher rate tax. One option I have been looking into over the past couple of weeks is investing in a stakeholder pension to "maximise" my higher rate tax relief and effectively bring myself down into the lower rate tax bracket. My understanding is that I can claim…
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New Tax Limits
I am able to reduce my earnings to just below £35k for the 2011-2012 tax year, by contributing to my pension. However, I am fortunate enough to get a small bonus in June of this year which will take me over the £35k limit. Can anyone advise me of the following please? 1. Will I be taxed on the bonus at 40%? The bonus is…
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Tax and Carers Allowance
Hi, Have recently begun to receive CA for my mum. I receive a small Civil Service Pension out of which tax is taken at source. As CA is a taxable benefit, will HMRC have been informed by DWP or will I have to notify them myself? Don't want to end up with a demand for unpaid tax. Thanks for your advice in advance. Blossom x
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£8000 unexpected underpayment of tax due to a catalogue of errors with tax office and
£8000 unexpected underpayment of tax due to a catalogue of errors with tax office and employer, any help please. Hi I wonder if anyone can help me at all I have a huge unexpected tax bill, which my PAYE employer doesn’t want anything to do with nor does the tax office who say it is ultimately my responsibility. The full…
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why has my council tax gone up?
ive just recieved my council tax bill and its gone up by £40 i thought the budget had frozen council tax rises? or is it just another load of b*/*/>,** my council is bassetlaw in notts TIA
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why has my council tax gone up?
ive just recieved my council tax bill and its gone up by £40 i thought the budget had frozen council tax rises? or is it just another load of b*/*/>,** my council is bassetlaw in notts TIA
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why has my council tax gone up?
ive just recieved my council tax bill and its gone up by £40 i thought the budget had frozen council tax rises? or is it just another load of b*/*/>,** my council is bassetlaw in notts TIA
