-
who is liable for the tax?
My father died 1st April 2010. Just last week my mother received tax calculations for 08-09,09-10,10-11. In total it says that my father is due the taxman £3020. I phoned them up and they said that they just take the money out of his estate but his estate was settled up last June before the tax demands came in. They also…
-
Have 2 p45s, 1 held by jobcentre/other by employer, who will send p60 for tax rebate?
Between April 2010 and April 2011 i- *Claimed jsa from april to august. *Worked and paid tax at BR emergency rate (when should only have been on standard) from early august to end of september for company A. *Claimed jsa from october till mid december. *Worked from mid december to end of febuary for company B. *And then…
-
Employer not changed tax code
I currently have 2 jobs, and received back in February notification of what my tax codes would be for both jobs come April. On being paid at the end of April, 1 employer has changed my code, but the other hasn't and is still taxing me on the old code. They say they have not have notification from HMRC. Would they have got…
-
Listen to taxman site
I have noticed that this site always shows my tax as about £10 less than it is on my payslips. I don't have the bog standard tax code due to taxable benefits at work, and I suspect this has somethnig to do with it because when I've used it for my husband's salaries over the years it has always been bang on. Does anyone…
-
Help with tax return - capitol allowances
Could anyone help me with my tax return... Some rough figures Income £20,000 Expenses £13,500 Purchase of van £7500 As you can see quite a loss. Am I best carrying forward the van and if so how do I claim it againt following years?? Or do I claim a loss and carry that??? thanks tom
-
Claim Tax Back
I'm hoping someone can shed some light on claiming tax back for me after spending 3hours on hold this week with the inland revenue. I have been employed by two companies last year and earned £5155.67 and paid £527.80 in tax. I have this information from both a P60 and P45. When I finally got through I was spoken to in a…
-
I reckon iv'e paid too much Income Tax
Hi, i recently started a new job, and have been given the tax code,747L. Upon receiving my first pay slip, i notice that i have been deducted Income Tax. Surely my Employer is wrong to deduct Tax when the first £7,470 is the amount you are able to earn before you start paying it? I have tried contacting the Inland Revenue…
-
P11D and ESC A-19 claim
Hi, I work for a bank (low-level, back office! I feel I need to justify it these days!) and have had a staff mortgage for the last 4 years. I assumed that my tax code was being adjusted for it as my annual P11D benefits statement always had the correct figures: 2008/2009 - £1946 2009/2010 - £3035 2010/2011 - still to…
-
Can I be taxed basic rate AND on a self employed rate?
Hi I have started a new job recently, and have been asked how I would like to be taxed. I work in sales and have a basic and get paid commission also. But obviously every month I will not get paid the same amount. I have 2 options: * Get paid Basic and Commission - And get taxed/NI on both as normal * Get paid Basic pay…
-
Income Tax & NI
Hi Guys I wonder if someone may be able to help me. I've recently started a new job (been here 8 weeks) and have passed over my P45 etc. Out of curiosity I checked how much I would take home after tax using the income calculator on this site, and the difference between the figure on the site and waht I receive in my…
-
Plumbers safe tax plan
Hello I am looking for a bit of advice please Basically a few days ago a letter landed on the doormat from the tax office. It was about the Plumbers safe tax plan whereby plumbers can 'put things right' if they have not paid the correct amount of tax. Thinking it was just a standard letter I didnt give it much of a look…
-
CGT allowance
I would be grateful for a clarification about CGT. Is it about 10K allowance per years and is there anything else on top like 5% appreciation per year to allow for inflation?
-
Tax Underpayment from 07/08 - should I challenge?
In February HMRC wrote me saying they had found I owed £630 from 07/08 because when I changed jobs the tax code wasn't applied correctly. This week I received further letters that for the same reason I owed similar for 08/09 and 09/10. (I'm not a serial job swapper but work for the NHS & rotate between trusts!!). I never…
-
National Insurance - annual pro rata?
It seems National Insurance contribution thresholds are always quoted in weekly amounts, as opposed to annual amounts as in the case of Income Tax, on UK Government websites. Does that mean NI due is calculated on a weekly basis, as opposed to an annual basis? For example, if weekly, a person earning £300 per week over the…
-
Inheritance tax and trust confused
Hi please can anyone advise ,we have been left a house , money and trust fund , all totalling 345,000 ,the trust which is included in 345,000 was set up in 2005 so relative has died within 7 years the trust is in mine and my sisters name totals 130,000 , Does anyone have any idea what IHT we will have to pay we are totally…
-
What form do I need to claim back tax?
Hi, My daughter who is a student and had a part time job in 2010 wants to claim back some tax from that emplyment, but is not sure what form she needs to send to the HMRC. I wonder if anyone could be good enough to give me the number or code of that form so that we can print it out from the net, many thanks martin57
-
Reducing Tax Liability from Company Share Option
Hi all, I work in the UK for an American company and part of my remuneration is a share option. I was granted 6000 shares and they are currently trading at around USD 35.00 on the NASDAQ. I know next to nothing about shares and tax planning, so I would sought some advice from this forum. I was told that once the shares are…
-
When to pay council tax??
Hi. I am Going to move into a new home next week. When I call tomorrow and register my council tax will I need to make an immediate monthly payment or won't I be charged until I've been in the home a month??
-
Council tax revaluation question
I'm in the middle of purchasing a one bedroom flat. It surprised me to learn that it's a band B property as all the other similar flats I looked at were band A. There were a couple of flats up for sale in this building, and they both had a very similar floor-plan, both were in the same Band (B) However, when I did a…
-
Tax for 2012
My other half earned just over £36,000 last year (before tax) but this was through doing a lot of overtime (his standard wage is £26,000). As the tax threshold is now 40% for over £35,000 will the tax office just assume that he will earn this amount again next year and take off 40% for every wage he gets this year. Please…
