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Tax on P&P
Hi, Not sure if this is a silly question? I've ordered some goods from a UK company - the total is £800. I have been charged for delivery at £20.00. When I look at the tax - it included my delivery charge - so the tax has been based on the total of £820. Is this right to be taxed with delivery?
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Split Year Tax
Hi, I am hoping that someone can help me with understanding the above rules. My boyfriend has been working in Africa since 3rd July 2010, it is a permanent PAYE job (non UK company) and his initial intention was to stay out there for a couple of years maybe more. He has now decided though that he wants to return to the UK…
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Should I claim expenses this year
i have only earnt £3000 this year. should i claim my expenses this yr as i will get all my tax back that i have paid. this is due to just arriving in the country. i am cis self employed. can i claim my expenses next year.
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Overpaid tax for 6 years, why only 1 year repaid?
Hi all, I have been overpaying on my tax for the past 6 years due to flat rate expenses. These range from £150-200 per year. They have only sent me a cheque back for the previous year. The total equals around £1.1k, The amount received back is £260!! Is there any way to challenge this either through them or through a small…
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Council Tax query
Hi everyone, I'm hoping you can help me! I bought my first home last year with my partner. We moved in and set up our council tax. For the first few months it came out at around £150 (its a 2 bed flat) the rate then rose towards the end of last year to £190. After the 2 month holiday you get we received our new summary for…
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tax 747L ALLOWANCE ?
Hi just a quick question please if the tax code 747L Even though its the beginning of the tax year and i have nowere near earned the allowance do i still get tax deducted from my wages as i have had tax deducted this month ? i thought i had to earn over my allowance before i was taxed anything ? (sorry i dont really…
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underpaid tax help for mum
hi my mum retired last year and once she reached 60 she continued to work for a little while while receiving state pension her taxcode changed and was taxed under paye through her employer at the time when she left hmrc claimed she had had the wrong code and that she now owes them money they say she should have been aware…
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Casual Car Allowance
Hi I have a query with my partners tax that I hope you knowledgeable people can help me with. He works for Local Governement and receives a Car Allowance (which I think is called casual) which is less than £100 pm for using his car when he goes to meetings at different offices. We received notification from HMRC late last…
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Losing job with Company Car - Tax rebate?
Hi there I've learnt I'm being made redundant (which I've been expecting for some time now), and have about 4 months left. I have a company car which affects my tax code - around £3000 of personal allowance reduction. I am a 40% tax payer as I earn around £45,000 a year. I'll likely be without a job for the rest of the…
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Job and Pension - NI Implications?
I guess I'm not the only one in this position, but I didn't manage to find anything by searching here. Basically, I'm in work and also started getting an occupational pension from previous employment late last year, I'm in my fifties. The salary from my main job is paid as normal, nett of income tax and NI. My pension is…
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ESC A19 - Fobbed off?
Hi All I made a claim under ESC A19, for an underpayment the HMRC are claiming for in tax year 2007-8. I changed jobs in February 2008 where for some reason it turns out my personal allowance wasn't counted and wasn't taxed properly. I didn't notice this as they are a US employer and I assumed it would all work out during…
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Inheritance Tax?
My wifes brother still lives with their mother in the family home. He wants to take out a mortgage and buy the house now. My wifes mother says she will then divide up the money between the 3 sisters and give them their share of the money now instead of when she dies. The money will be around £15000 each. Will we be liable…
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P86 ?
Hi all, My work contract abroad will end this coming Autumn and I will be returning back to the UK. In 2006 I filled in the P85 (leaving the UK) form but now I'm returning it seems the P86 (returning to the UK) form no longer exists. So what do I have to do to keep the Tax people happy on my return ? Thanks.
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CGT on property beqeathed to daughter
I would be grateful if someone knows the answer to the following query: I have an investment property currently let ( it is not my main home and never has been). I was thinking of selling up but am concerned about the amount of CGT due on sale. If I were to retain the property and leave to my daughter in my will would she…
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Reducing tax on property rented out ?
I would appreciate advice, I own outright a small flat without a mortgage as this was paid off sometime ago, I am planning to rent out the flat but realise that as I dont have any mortgage on it I will face large Tax costs against the income recieved. Many have stated to me 'Oh just go and get a buy to let mortgage on it'…
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Reduced payments on account
Hi, I am self-employed and on 6th May applied to reduce payments on my account via the online service. It then prompted me to say that I was due a rebate, which I duly applied for. However, although it changed the payment amount due on account in July, it did not change the repayment status. I kept checking this and on…
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Tax allowances
I read that pensioners income over £24,000 will pay tax on it at 50%. Also people earnings of over £150,000 will also pay tax at 50% is this correct. :mad:
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Holding Company Tax Advice
I currently have 3 very small companies, each one I own different equity shares in. I wondered if it is possible for any profits I recieve to go into a holding company. Then transfer my mortages into the holding company. My goal is to try and live from a holding company to protect myself from ever going bankrupt. My own…
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PAYE coding notice
Hello all - this is my first post so i am hoping it works and i dont appear too much of a simpleton! for background my gross salary is £34k, i receive an annual bonus of £6.5k at year end, my benefits include health cover at £1743 and until November 2010 a company car at £3688 - i then took a cash allowance instead of car…
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Gifts to children (tax implications?)
My wife is about to receive a considerable amount of money from an injury claim and would like to gift £10000 to each of her four children, are there any tax implications or pitfalls that we should be aware of? Many Thanks Dougie
