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Tax code
My code is 258L,i receive ESA contribution based and my ill health pension,what does it mean please,
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Pay rise or car
Hi, I have just been offered a pay rise of £6000 takin me from £34k to £40k, this will take me into the 40% tax bracket, would I be better off asking for a car instead?
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Emails from HMRC
I keep (2 or 3 a day) receiving emails allegedly from HMRC which filter to junk. They state that calculations show they owe me £468 and it check the bank details they hold, followed by a link. To me this has scam / phishing written all over it and think HMRC would write a proper letter. On another note, I am trying to…
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Does HMRC owe me money!
Hi, Hope someone can help, My wife has had two different jobs within the last 5 years but always seems to be on BR tax code with the exception of 8 months in 09/10. I'll give you the background of our case, each year will refer to tax year. Job A: Full time salary £22, 000 Job B: Full time salary £22, 700 06/07: Only had…
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Tax code BR CUMUL for 16 months
Hi I hope this is the right thread (my first post) I took early retirement back in Jan 10 but returned to work 15 hours per week. I have a small pension which is taxed at source 20% but since Jan 10 I have been on this tax code BR CUMUL I have phoned the tax office and they have given me another code of 549L and also put…
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Tax Code and new Tax allowance
Hi all money savers ! I am trying to navigate through this dangerous maze that tax is and need your assistance! Back in January I received a nice letter from HRMC saying that I had overpaid tax by £10 and that I should receive a cheque in the post. :j Yeepee ! Two days later, another letter from HRMC saying this time that…
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PAYE - Underpayment
HMRC informed me last August that I had been underpaying tax since April 2008. Having made enquiries it was revealed that this has happened because my employer hasn't applied PAYE correctly. Despite numerous letters to HMRC explaining this I cannot get them to investigate my employers liability they just keep telling me…
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Council Tax Charge
Any advice on a charge the local authority is trying to levy on me? Earlier this year I didn't know if I had completed the payments or not, I had one more payment or it was finished basically. Tried contacting them to find out but just kept getting put in a queue and would get called away before speaking to someone, I…
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P60
Hi all, I was emergency taxed on my first pay of my new job in January due to payroll not having my P45 in time and I was informed on this forum that to claim this back I had to wait for my P60 to be issued. Do you know when my employer is likely to issue this? I read somewhere you don't get a P60 if you have been in the…
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HMRC have it wrong and I have proved it!! Help!
Hi All I know that I will be one of many who recieved a letter back in October saying I owe more tax. Thing is they say that I owe around £1000.00, which means I would have had to earn £5000.00 more, which i can tell you i did not. The mistake came when my former employer produced the end of year forms. They did it in…
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claiming back tax
Hi, i am new to here and just wondering if anyone could give me some advice. I need to claim back an overpayment of tax through my job. I only started workng in October and by week 52 of the financial year had earned just under £4000. I had claimed jobseekers allowance for about six weeks before this, but the rest of the…
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Extra money in pocket due to higher threshold
Hi. I hear that the amount we earn before paying tax has Ben increased meaning we should get more money in our wage packets. I just wanted to know how much I would get?? Tax code is 653L wage before deductions is 1234.92 a month Take home is 1013
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Tax man thinks i have two jobs.
Hi guys, Can you please give me some advice on this problem i have. Last tax year (The one just gone) I had 1 job. This tax year i still have one job but the tax man believes i have 2 and therefore has edited to tax thresholds accordingly. I used to work for this other company a good 2 years ago however my employment with…
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Gifting shares to spouse, tax/CGT check
Hello, I wanted to check if I understand this correctly so thank you for any advice. I will be gifting shares of £10,100 to my husband as this is the CGT limit - can he then sell these shares and not be liable for any stamp duty or CGT payment as the amount he is selling is within the limit for the tax year. Is this right?…
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Tax on earnings - when does the threshold go to £10k?
Hi there, Got a question relating to the Lib Dem proposal to increase the threshold tax free earning to £10k rather than what it's at now which is somewhere between £6k and £7k? This was one of the policies the Concervatives were going to keep from the Lib Dem when they brought the two parties together to form a…
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Cancelled my medical insurance...
Hi, I've tried to find an answer to this on the forums but struggling! On realising the extent of the tax implication, and the fact that i have never used and can rejoin if i need to (existing conditions are covered), i have cancelled the medical insurance i get through work. The premium was £1000 ish a year and although…
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Rate of Self Employed Tax when working in India?
I'm a UK citizen. I will be moving to India for 2 years working self employed as my wife will be working for a UK company in India too. I'll earn about £20,000 per year in UK money which converted into Indian rupees is roughly 1,446,961 Rupees per year or around 14.5 Lahks. Does anyone with knowledge off the Indian tax…
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Inheritance tax property
I have a 10 propertys in the UK and my brothers also partners with me if I die Is there a tax paid by my brothers for Inheritance tax
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Tax on redundancy pay
If I decide to take redundancy, payout about 75k what will I get taxed on and how much
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Self Employed Business Expenses
Hi, I have questions about business expenses when self-employed. Can I deduct the full cost of a business expense from the tax owed at the end of the year? For example. If I make £20,000 in a year and my tax came to 30% = £7200 (I know 30% is not the right banding, it's just for the example) If I have a business expense…
