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pension contributions
Hi, i would like some advise with the changes in tax bands i am now in the 40% band and have received my new tax code, my salary is £33,618 and a pension of £11,795, i have a company stake holder pension and have found out that my contributions are deducted at gross and not net, would i be able to reduce my tax if i paid…
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tax return amendment 09/10 - effects?
so my OH is self employed and our estimated income was £9,000 for 09/10 come tax return net was shown as £14,000 after advice we were told we had missed out a deduction/cost which reduced our net to £7917 i have advised HMRC, amended the online tax return and now reported it to tax credits who have referred it and i must…
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MSE News: The great tax overhaul - are you a winner or loser?
This is the discussion thread for the following MSE News Story: "Today marks the start of the new financial year, and with it, an overhaul of the tax system ..." Read the full story: The great tax overhaul: are you a winner or loser?
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Registering As Self Employed
I am trying to register as self employed on line but I can't seem to find the link, can anyone help? Thanks
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Tax Investigation and accountancy costs
Hi everyone, HMRC have been investigating my last tax years return for about 8 months. It's dragging out and although I did everything by the book they just keep asking for more documents and more evidence etc. My accountant has given me a very high bill to see the investigation through (around £3,000) and I am really in a…
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Pay rise of £1000, what's that after tax?
Hi, please may i ask a seemingly obvious question? A friend has just had a pay rise of £1000 from £16,000 to £17,000, we are trying to work out how much extra that works out to per month 'take home'/net pay! Is it basically £1000 per year minus 20% basic tax which comes to £800 divide by 12 equalls £66? Please feel free to…
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Pizza Delivery, Claiming tax back using p87 - Confused
Hi Iv been working part time as a Delivery driver for a Dominoes Pizza franchise for the last 3.5 years. Iv been doing this due to being a full time student. Anyway I recently found out that it may be possible to claim back some tax using the P87 form and I'm a bit confused as to how this would work. First off there is no…
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Paye Tax rebate on benefits
Hello, I worked up until Aug 2010 with my last employer before going on ESA (employment support allowance) and have been on ESA ever since. I looked on the HMRC site and it said that if you have paid too much tax (which I have as I was on 40% threshold) and you don't come off benefits you will automatically get a rebate…
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self employed 1 week,amount payable £30,000.....HELP!
:(Way back in 1993 i worked self employed for ONE WEEK i notified the tax office of my change in circumstances (a job with a good company,not self employed) I never thought anything of it until and i recieved a tax bill and another and another. I went to the inland revenue in person (three times) to rectify the error. I…
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Tax demand
Help! I recieved a Tax demand for tax year 08/09 which i recieved on 3rd of February for £816.20, I sent off the template letter to object to this and recieved a letter stating that my circumstances do not meet the criteria under ESC A19. It is my understanding that ESC A19 is 12 months after the tax year, which would make…
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IHT and Probate Help
Please can anyone help regarding the unused nil rate band situation. I'm trying to do probate and IHT and have come uncross the unused nil rate band for pre deceased spouses and wonder if it applies in this case. Husband died 2002, left everything to wife (house was tenants in common but also left to her in will, so came…
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Giving away money when older
My mother who is over 90 no longer has control of her finances and lives in a Care Home, fees paid for by pension and interest on savings. There will be three beneficiaries of her will, at present each would receive about £60,000 (well below IHT). Is it acceptable to distribute that money now whilst continuing to pay the…
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Tax on caring for mother
Hi. I've retired as a community care worker at 60, and now daily visit and look after my 90 year old Mother in her own home. She has set up a standing order to pay me £200 per month ( £2400 a year ) into my bank account to cover expenses, mainly for car and fuel to do her shopping, take her to clinic etc. I receive my…
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Another p800 query
My FIL received a P800 informing him that he had underpaid his tax by £700 in 2007-2008.He is in his 80's and all his income comes through his pension.In 20 odd years he has had no dealings with the tax office.Having read a bit about it I think he might be able to overturn the overpayment as it is over 12 months after the…
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online filing
Hi , just a quick question . My OH is registered for online filing of his tax return , this is how it was filed last year. With today being the last day of the current tax year , if he logs into HMRC tomorrow will his tax return which is due to be completed already be there? In other words , if he wanted to log on and file…
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sole trader help
Hi, im looking for a bit of advice, my partner is self employed subcontractor and registered as a sole trader, he works in the construction industry and his contractor pays the tax, the thing is my partner also has people working for him, does he have to register as an employer as well, because when it comes to filling in…
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Tax refund... online??
Hiya, I rang up my local tax office a couple of weeks ago, who said I'm on wrong tax code and am owed a refund, but as it was nearly at the end of the financial year, it would probably be best to contact them again on the 6th April to sort it, but they updated my records so tax code will be correct for April. So I'm going…
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New non tax payer
Hi, Tomorrow I will officially become a non tax payer when the allowance rises to £7475! My state pension is under this amount but I would like to know if any interest paid from my savings account brings me over the £7475 do I still have to pay tax on the amount over and above the new allowance please. Thanks - Sally
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Tax relief
Hi, I am a full time employee as well as self employed. I am currently studying a Masters degree paid for by myself which will help both jobs. Does anyone know if I am eligible for tax relief?? Thanks!
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Tax Code Confusion!
After a bit of confusion with HMRC regarding my OH tax codes, we received notification of his new tax code dated 20 March 2011. On his payslip for this month (dated 6 April) it states the tax code is 255L (which was what the original tax code notification stated, dated 13 March 2011, but we rang to query the code and…
