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personnal allowance query
My main source of income up until a year or so ago was via self-employment. Then last year I added a small part-time PAYE job. My personnal allowance seems to be allocated to the self-employed part of the my work so while my income through PAYE is only around £7500 a year, I'm being fully taxed on it. Meanwhile, the…
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Tax Return letter
I was self employed until Jan 2010 since then i have been employed,however i have today been sent a letter to send in my tax return, i have not got a tax return to fill in as they have not sent me one as i am employed.What do i do now? Confused
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Finding a reliable tax agent
I am recently registered as a self employed and I would like to know what things should I consider when choosing a tax agent? I have never done business in UK before so I am unaware of how much they pay to agents, where to find a reliable agent? and how to submit a tax return? Any help would be greatly appreciated!
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Was there any sort of tax on goods/services before V.A.T?
If not... Then life must have been good.
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Tax on pension - does esc19 apply
I retired in December 2007 with a small private pension. I was told that it would be taxed at source. In October 2010 I was asked to fill in Self Assessment forms for 08-09 & 09-10 (had no SA before as PAYE), I then received 2 bills for tax on the pension. I phoned the pension providers who said that they`d informed the…
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Doing Self-Assessment when I am in employment AND self-employed??
I am employed by a company and working 29 hours per week, this is my main income and I pay tax PAYE and national insurance in the usual employed way. I also do a little bit of freelance web design on the side. I have registered for self-assessment online with HMRC and have been saving 20% of my freelance earnings to pay my…
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P60?
Just a quick question, If I left employment before the end of the tax year will I still receive a p60 from my employer? Or just a p45. Thanks
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Working from home ... tax implications?
Hi all, When my company relocated to London 4 years ago I made an agreement to work from home 4 days a week. I was reading an article saying that people who work from home might be liable for some tax breaks to cover the extra cost of heating/electricity etc.. Anyone got a link, or some experience, to tell me if this is…
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What's the opposite of an R85 (registering for interest free tax) form
When I was a student I made sure to register for interest free tax using the HMRC's R85 form. As a result I am still receiving interest free tax. Sounds good, yet I am no longer a student and am currently in paid employment. I'm guessing I ought to un-register for tax free interest. Surely it's only a matter of time before…
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Tax owed - no P800 recieved
Hi My second post of the evening, i recieved a tax notification today stating i owe £1,500 ish in tax, however this is the first i have heard of it, i have not recieved a P800 by post so have no idea what i'm supposed to owe or why. Where do i stand? i'm going to call the tax office tomorrow to clarify but if it is wrong…
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company car fuel tax question
Hi All I've had quite a shocking new tax code today K437 :eek: most of this is due to me owing tax to the HMRC, i need to find out what this is about becuase to my knowledge i shouldn't owe anything. I owe £701 in tax for my company fuel card that allows me free fuel for personal use, while i have no problem in paying this…
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unpaid tax-should I pay cash?
hi I have a final salary pension from my previous job and a paid salary (PAYE) from my present job. last year I went into the 40% tax bracket... my tax wasn't adjusted at the time and I knew I would have to pay additional tax...I was waiting for this years P60 I had a PAYE coding notice which states your personal…
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Difference between expenses and capital gains?
Hello, Im self employed. I wanted to know what effect expenses and capital gains have on your total income. I understand that you get tax relief from one of them but Im unsure which? Is it capital gains? If so, then what effect does your expenses have on your final slalary? thanks
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p46 what should i tick
I am currently working and have started a second job thats temporary for a month. My combined income will be below my personal allowance. Therefore on my p46 for my second job what should i tick? I don't want to be taxed on my second job, and i will if i tick that i have another job. If i do tick the i have another job box…
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How does tax code change when you no longer have a company car?
Just trying to understand how paying tax works. Scenario - figures rounded up to make it easy and ignoring personal allowance. If figures for car and fuel allowance is -£6,000 and then 6 months into the year you hand in the car, does your car and fuel allowance figure change to -£3,000 or does it change to £0 because you…
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Self-employment salary
Hi Guys, I have got a doubt about the Self-employment salary, which is can we deduct our own salary from our profit if we are Self-employer? and how much is the annual allowance for Self-employment person? much appreciate if anyone could answer for this.
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Employed & Self Employed - Tax Query
Hi I hope this is the right place to post this but please move if not! I have never had any self-employed income before now, but have recently - since Nov 2010 - started earning some money on the side - only completing surveys online to get a bit of extra cash, nothing major. My main job, where I have been for just over 2…
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Tax on compensation for clinical negligence
Will I have to pay tax on any money received as a result of a clinical negligence claim? Many thanks PP
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Emergency Tax query
I've placed this query on another board, but in hindsight maybe its best here: as follows: Firstly, apologies if this is in the wrong place, but would be grateful for advice on the following. My wife works part time, earning around £6060 p.a. - so below the tax threshhold. Her employer has now divided into 2 organisations,…
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Company Car
Hi All My company currently only offer the basic government rate per mile for business milage at 16p for petrol and 13p for diesel. This rate is the same for company car owners or those that use their own car. There is no car allowance offered so as you would expect there is nothing to encourage people to use their…
