We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cutting tax

Archives for May 2011

P11D advice - Being Screwed over
Hi Everyone, I'm hoping someone may be able to help me fight not only my employer....Who I think has made an error, and ultimately Mr T.A.X Worked for the same employer for the last 7yrs, I travel all over the country on a very very frequent basis, and they have never considered me worthy of a company car (no big issue…
Tax on inheritance after inheritance tax
Simple question(s) hopefully. After inheritance tax has been paid on an estate, and the money paid out to any/all beneficiaries, do the beneficiaries then need to pay any tax on the money they receive (income, capital gains, anything else)? If money has been put into a trust, does tax need to be paid when withdrawing from…
Paying tax (on letting income) through PAYE or Tax Return
To give you a brief overview of my situation. I'm an accidental landlord, and have been letting my old property for around 6 months now. I have no intentions of getting/letting any more property in the future (one's enough!). I informed the tax office recently of this, and they have got in touch asking for income and…
should I be paying tax
I took early retirement after being pensioned off sick from my particular job. I receive £17000 a year pension with a tax code of 747L.Just recently I have secured a part time job for 24 hours a week paying £6.50 an hour.When I checked my first months wage packet I noticed that I had not been stopped any tax,is this right…
Expenses
I am currently employed as a HGV1 Driver for a agency but am administrated for pay etc by a umbrella company. My umbrella company allows me to claim for mileage to and from work, Meals, laundry and phone calls. I am about to leave the agency and umbrella company and work for a regular distributional company as a Driver…
Tax on selling a property query
In Nov 2010 my wife sold a property she owned. She purchased the property in 2002 and lived in it until Nov 2007, before renting it out from Dec 2007 to Jun 2010 (whilst trying to sell it). The difference between the purchase and sale price was £15,000. I know tax on the 'profit' is payable if it's an investment property…
My friend's partner is uneployed now. Will my friend pay less tax?
He is a 40% income tax payer if it makes difference. Should they get married or cohabiting is enough?
Self employed drawings during maternity leave
Hi Everyone, I have a slightly complex situation I would love some of your knowledgable advice on. I have just returned from maternity leave to my employer (A), whilst on maternity I bought a franchise (B) and am in the process of setting up as self employed running weekly classes. The idea was that I would work for 6…
New Tax Allowances from April 2011 ?
I am semi-retired and in receipt of a Pension but have a Part-Time Job. My Annual Salary for both is £ 21,179.28 (Net of Tax) After checking a Pay Slip for 18th May 2011, I notice that I am still paying the same amount of Income Tax as prior to April 2011 but my Pension has gone up a whole £16.00. After checking with my…
Owed Tax Through Civil Servant blunders
Two years ago I was notified by Inland Revenue that the Tax code on my Territorial Army pay was to change from Basic Rate (BR) to a new code which takes into account my civilian employment. This would take me over the £50K bracket. This all seems straight forward and fail. I recieved notification that JPAC (which is the…
MIL has a lot of money. Advice?
Hello, I have posted this on a few boards, not sure where it belongs :o . Anyways My husband told me everything today about MIL. I knew she always had some money put aside, (good on her) She never spends it on rubbish, never went out for meals, always brought packed lunches etc, very old school.. Anyway FIL passed away…
Money transfer from overseas - will it be taxed?
Hi all, I will have about £15,000 transferred over from my parent's overseas accounts to my UK account. Will it be taxed? If so, will a smaller amount be untaxed? Thanks
IHT/Income Tax on same amount?
Hi, Hope this is the correct place to post this... I have been doing the IHT for a relative. In the IHT 400 form, box 76 I entered the value of an asset, and some gross income that the asset earned up to the date of death, but that was paid after death. However, I included this income on the income tax (until death) form…
Paying tax on freelance work with full-time job?
Hi all I currently have a full-time job on which I pay tax and NI as normal. Since January I have been doing freelance work 'on the side' and registered self-employed then. I have now received my tax return and am wondering how I proceed with it. I have records of all of my transactions for freelance work, and the total…
Bad Accountant - What are my rights please?
Dear all, I recently gave up freelance work (IT contracting via a Ltd. Company) and my accountant has, I believe, been somewhat negligent. I should explain: My last accountant was fine and a gentleman. Sadly he passed away and his son passed on my details to a new accountant. Some background: My first problem (and I blame…
Do I have to pay Capital Gains Tax???
My partners Mother died in January and she left a house to sell.(which was in my partners name) My partner who previously lived in the house with his mother moved in with me after his Mother died. He is concerned that he will have to pay capital gains tax when the house does eventually sell as that house was his main…
Selfemployed, Credit Checks & PAYE
I am employed and paid by PAYE in the 20% tax band, I also do a bit of sole-trading which I declare by self assement. I am entitled to employee discount so I want to use the services of my employer, but they'll need to do a credit check, my questions are. * Does a credit check show that I have completed a self assement, or…
Tax refund scam email
I just received the following email informing me of a tax refund: [FONT=&quot]Tax Refund Notification [/FONT] [FONT=&quot] Date 29/05/2011 [/FONT] [FONT=&quot]A tax refund of 1560.10 GBP .(Still Pending) Due to invalid account record we were unable to credit your account Please submit a verified tax refund request.[/FONT]…
Inheritance tax
...........
Tax releif on milage
Is this always paid as a tax rebate or after a few years do they just add it to your tax free amount? Got a rebate for the last two years but now got a letter saying my tax code has changed which looks like it's in response to the form I filled in in April.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Cutting tax

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Cutting tax

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free