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Would I have to pay tax/file a tax return?
Hi all, Hoping for some advice... I have always been a PAYE employee, so have never had to file a tax return for myself. I have however got 2 friends who are self employed, and I always do their tax returns for them. (Very simple stuff, just adding up their expenditures etc and filing it online) The other day one of them…
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Tax code error, BR Cumul
Hi there, I have 2 jobs, my receptionist job I work about 18 hours per week and the other around 30 although this varies as its nurse bank work. For my banking job I am on tax code BR CUMUL. I understand I am on this tax code because I have 2 jobs, however I rang inland revenue to change over which job I was getting taxed…
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How does a car allowance work
My partner has just been given a £250 per month car allowance, can anyone tell me how much we are likely to see of this before it gets taxed away. He earns 20,000 per anum plus car allowance of £3000. Also, do we have to declare this as income for child tax credit purposes. Thanks
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Inheritance tax v Income tax & CGT
Hello All Firstly I appologise for my rambling. I have just spent the entire evening working through the boards looking for a situation similar to ours so as not to ask the same old question over again, but have not found one so hopefully the people in the know out there will be able to assist and guide us. My FIL is…
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Avon and full time employed! Help
Hi All I was trying to find something on google, but nothing really fully answers my questions. I noticed on this site there have been previous threads about Avon and self-employed and i understand all that. But I have just signed up to be an Avon rep as well as being in full time work, my work is just a little more than…
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Deed of Variation
Can someone tell me please, if a will is altered by deed of variation, what would the date of the inheritance be? The date of death or the date the trust was signed. Thanks.
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Stamp duty & CGT question
I own / have inherited 1/6th of a company. THe other 5 owners are family members. The company has the following assets: - Freehold shop rented out earning approx £15k pa (Value of freehold about £150K) - A loan agreement (Approximately £240K) being paid back at £2k per month with 6% interest charged As the owners mostly…
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Coucil Tax
New to this site so please bear with me. I have recieved a letter from the local authority saying that i owe them 6 months tax on a property i lived in 5/6 years ago. I was under the impression that it was paid via the letting agent because this was told to me ( no records im afraid). The council have passed the debt onto…
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Council tax - is this fraud?
Hi all, I own my own home, and have a lodger, however, to all intents and purposes I actually live with my girlfriend, and stay at her house 6 nights a week. I pay full council tax for my home, but my girlfriend recieves single persons discount on her property, I don't currently contribute towards any of my girlfriends…
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Council Tax query - getting a bill when I have moved out?
I moved out of my rental property at the end of March and made all the arrangements by phoning up the council tax office and telling them my move out date and my new address. All seemed well until I just received a bill (for April 2011-June 2011) to my new address for the old property. This bill was for the last three…
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Making my new but second job my main job before pay day!
Making my new but second job my main job before pay day, so I don't get BR taxed on my earnings! I have been told to put a P46 in saying that my new job is my only job so that I get paid the right amount on pay day and then phoning the tax office to explain the situation. Any ideas? Thanks
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Tax Code Employer Error
Please can you help any advice would be greatly received!!!!!!!! The company that I have a part-time job with had notification from IR in Jan 2010 that my code should be DO but they left it at BR and didn't change it until April 2011. I even called the company and asked them to change it but they told me they could not…
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help needed
Hi guys basically i lost my wife last year to cancer so there is just me and my 2 sons who are in full time education, and i used to be on a lower tax code (married couples i think) but since april my tax code has changed to K627 C U M and my weekly income tax as nearly tripled from £25 pw to £70.40 pw (gross pay per week…
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self assesment tax
My son started his own business Sept 2010. He informed Inland Rev etc. He has been putting money aside for tax and NI. Can he set up a DD to pay NI monthly? Also can you set up a payment scheme for tax each month, so at least you are not hit with a hefty tax bill. When will he pay his first tax bill and what happens, do…
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HMRC expired deadline
I am in the middle of helping my lodger sort out his enormous tax mess. To the point where he has given me permission to speak with them on his behalf. Back in June he got a letter stating he owed £19k in tax dating back to 2005/6. We called up and it appeared he had not filed any tax returns since 2004. The lady was quite…
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Stamp duty on multi-owner property
Hi, I and my siblings have inherited equal shares in a house which when sold is likely to be the 'wrong side of the 3% band, but not by a great deal. If we all sold our share of the property seperatly, but to the same person at the same time would the transactions, probably around £80k each, attract stamp duty as though it…
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Income Tax query
Hello again, back in 2008/2009 and 2009/2010 i was unemployed for large parts of the years, but i'm pretty sure i was paying the full rate of tax had i been employed for the whole year although i didnt earn very much. I seem to remember back when i was a student i wrote to the inland revenue to ask them to re-assess the…
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car allowance/mileage queastion
Hello, Just a quick one for all you knowledgable types on here: I work as a site manager in construction on PAYE with a £4000 car allowance. Due to the nature of my work i move sites fairly frequently, i've been on 3 sites in the last 18 months. Would i be able to claim any tax back on my journeys to and from work? Thanks
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e-Petition: Call for Common Sense on Food VAT (e.g. Innocent Smoothies)
Under current British tax rules, consumers pay no VAT on "essential" foods and drinks but must pay 17.5% on "luxury" items such as smoothies, ice cream, and "gingerbread men decorated with chocolate unless this amounts to no more than a couple of dots for eyes". The set of rules which dictates whether a product is taxed or…
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Tax On Interest On Savings
My partner is a non tax payer and I am. Can I legally put the savings in her name and not have to pay tax on the interest, provided the interest doesnt take her over the personal allowance limit? cheers
