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Lost Tax Rebate Cheque..
Hi guys had no idea where to put this, anyway my partner got a tax rebate cheque a couple of days ago but she forgot the thing was in her pocket and put it through the wash, just little traces left of the cheque, will HMRC put a stop on this cheque and replace it without any hassles if we call in the morning ? Thanks
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Tax on second (freelance) job in addition to main (PAYE salaried) employment
Hi guys, I have a full-time proper job paying around £50K per year. In addition to this, an opportunity has arisen for me to earn a little bit extra as a freelancer. We're talking small amounts here - absolute most it would be during a full year is about £2,500 extra. Anyhow, I want to make sure I do things right with the…
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Tax Reclac, 07/08 incorrect - Can we claim expenses against the inland revenue
Hi, Very brief question. My mom has received a tax recalculation for the year 07/08, stating over £900 was owed. I know this was wrong straight away but it took 3 hours to find all the paperwork to prove it, and so I could photocopy the P60. Also about 8 phone calls to the tax office due to been busy and getting…
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income tax and NI questions
hi, i'm in the process of doing my accounts now and got a few questions, firstly heres all the info you'll need to know: * I left the army last year on the 4/10/2010, Gross pay from them for this tax year was £8080.38. tax deducted was £1071.60 and NI was £554.46 * I registered self employed on 13/09/2010 * on 08/11/2010 I…
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HMRC saying i did not declare profit from flat sale
My first post and a bit long but will try and list all the facts to avoid too many questions later. I purchased my first property when i was single aged 21 ( this was in 1988) My then girlfriend moved in with me in 1993. Had first child 1994. Sold this property in 1997 and purchased a building project. Joint mortgage…
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P45 Tax Paid Figure Wrong ?
Can someone advise me on how much tax I should have paid on earned income of £9054 from April to November 2010 ? Tax code 647L Age 64 Married. Wife not working. Reason; I finished work on 26/11/10 and went on pension credit. Company issued P45 but just noticed that the total tax to date figure is wrong @ £205.60 which was…
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Couple of tax questions on working abroad
I'm planning to move to Italy in the next few months, but will continue to work remotely for my employer in the UK. My question is what do I do about tax? Currently I'm on PAYE and also submit a self-assessment form due to some freelance work. Do I just continue with this or should I stop paying UK tax and register in…
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Cgt
Need help. Bought property 15 years ago lived in it for 5 and half, only property I own, not been let, moving back. Need to sell it to buy some where else. Do i pay CGT? Thanks
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What can I claim for? Employed and also self employed
Hi there, wondered if someone could help me out. I am employed in an office job 32.5 hours per week for which I pay tax through work. I work from home on evenings and weekends as a typist and am registered as self employed for them earnings. I wondered what I could claim for when I do my tax bill? I recently had to buy a…
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selling shares
What rate of tax and NI deductions do I deduct when selling shares? The shares were free from my work and them plus my annual salary will put me over £40k. I have no spouse to transfer them to in order reduce deductions, not sure if there is any other loopholes could go through.
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Declaring extra earnings
Hi For the last few weeks I have been doing some leaflet deliveries to help promote my partners new business. As I we are struggling for cash, she and her partners have offered to pay me for this, (just £4/hour but every little helps). In order to get payment I had to fill out an invoice and they gave me a cheque. As we…
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NI Class 2 backpayment with Small Earnings Exception certificate
Hi all, I have been registered self-employed for the past few years to cover a small amount of earnings. I have a Small Earnings Exception certificate for this and do not pay Class 2 voluntarily. I recently contacted HMRC about paying a 2004/5 NIC gap where I had no other earnings. Since I was registered self-employed…
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Council Tax Summons - but I've actually overpaid
Today I received a court summons from the council which I believe is in error. I've been paying the council tax by standing order since last April and I paid the 10 monthly payments and because I forgot to stop the order in time, also an extra 11th payment in February. I received a demand from the council for a late…
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P60 Tax Refunds
Hello I was wanting to ask a few questions about sending off my P60 to claim any refunds that I'm due. I'll keep things quite brief to avoid any confusion. I have worked for Tesco for nearly four years and in this time I only recall getting one refund which was a cheque sent to my home address. I think in the years since I…
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Import Duties with FedEx
Hey, I'm thinking about ordering something from the US as it's not available in the UK. I've had a shipping quote from the site but they've said it doesn't include duty charges. The parcel is 7kg, length is 48 inches, width is 7.25 inches and height it 2.5 inches. Anybody have an idea of what the import duty charges will…
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Reduced tax code to repay owed tax
So, I apparently owe £700 tax from 2007, and HMRC have reduced my tax code for this coming year (2011-12) to 396L to reclaim the underpayment. I work variable hours each week (I'm a student nurse so when I'm on placement I have to work a 40 hr week at the hospital, and do roughly 25 hours at my part time job. When I'm in…
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comparing tax/insurance when self-employed and through payroll
I'm currently working 4 days a week with 2 1/2 of those being paid as an employee and the other 1 1/2 as a self-employed consultant. It has been suggested that I can be put on the payroll of my currently 'self-employed position' but would have my hours reduced to 1 day a week instead of 1 1/2. This seems beneficial to me…
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Council Tax - Paid by Credit Card
Hi all, I have previously been paying council tax by credit card. However, on the latest council tax statement, I noticed that if credit card is used, it states: "Credit card payments will incur the issuers transaction fee (the appropriate percentage charge will be notified before the payment is taken)." How will they…
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CGT liability on 'only' home
İ live abroad and i am thinking of renting my place out in the uk--it is my primary and only residence in the uk. i understand that i will pay income tax on the rent but will i pay CGT İf it ever rises in value and do they calculate CGT in such circumstances from the date i bought the place! 2003 in my case.
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Reclaiming pension tax relief - how long does it take?
Hi. I sent a letter to my tax office around 7 weeks ago, informing them that as I've been a higher-rate tax payer for 08/09, 09/10 and the first 9 months of 10/11 I'm due a refund on my pension contributions (relief given at 20% when it should be 40%). I moved onto salary sacrifice at the start of 2011 hence why I'm just…
