Cutting tax

Discussion List

• Rent a room - what part of income is taxable?

  Hi all, I've been letting 2 rooms since last September, and will need to work out my tax return soon for 2010-11. I’ve started pulling together information, but it certainly is not a simple task! I know I can either offset some expenses versus the income and be taxed on the ‘profit’ or I can apply the rent a room scheme.…

• P60/P45 return after tax refund?

  I reclaimed for overpaying tax last year and sent two P60s and a P45 to HMRC. I now have my repayment but it doesn't look like they automatically send back the paperwork. I have the statement of earnings/tax paid from HMRC and all my payslips, so I guess this won't matter? I like to have all my paperwork together, so I'm…

• MSE News: MPs hit out at HMRC chaos

  This is the discussion thread for the following MSE News Story: "An influential group of MPs has slammed poor service at the taxman's office, highlighting long delays ..." Read the full story: MPs hit out at HMRC chaos

• Working out why tax code has changed.

  Hi All My tax code changed suddenly a couple of months back from 647L to 386L and as a result knocked £45 off my take home pay. I can't seem to find any reason for this, I've not had a letter from the tax office about it and ringing the helpline results with the phone going dead every time which is pretty infuriating.…