-
tax office say we owe them money 4 years on
my husband has just got a tax calculation in for the year 2007 -2008 which says we owe them £350 it says the amount of car benefit included in your paye code was lower than the amount taxable this is 4 years ago !! where do we start to try and sort it out surely it was the job of my husbands employers at the time to sort…
-
Tax and Oversees Investments
Since interest rates have dropped I decided to invest some money with a company abroad that a friend recommended to me. Say I invested £2000 and it's up to £2500 and I wanted to bring back £2000, would this be all taxed or would it be considered as my original investment and not taxed? Would this have to be declared on a…
-
Capital gains tax
Due to a disability (wheelchair user) I need to move home because of increasing difficulties in my current home. Most properties I have looked at need changes to the interior for me to maneuver without problems, which means I cannot sell my current property until the new one is ready. This means that for a while I will own…
-
Using Wife's Personal Tax Allowance
Hi, I work for a small company and don't earn a great wage, but enough that I am not eligible for Working Tax Credit. As with a lot of people, I hav not had a rise for four years, and things are starting to hurt. My wife does not work as we have two young children. My question is: Can my employer put my wife on the company…
-
Advice Needed Please
Hey People :) I am really hoping someone can help me here if poss Basically I have been working for the same compnay for 5 years, all going good with pay and no issues....until this month!! I logged onto my online banking to check salary had gone in (monthly paid) and saw they had only paid me half!! I logged into my…
-
Non gift aid charity donations and self assessment
I donated some money to charity last tax year. Didn't tick the gift aid box, as I was newly self-employed and was unsure exactly what the consequences would be on self assessment etc, so at the time decided best to leave it. Now I'm trying to fill in my tax return and unsure whether this should be recorded? There only…
-
Help with tax return/receipts etc ?
Hi All I have two rental properties and need to get my tx form done for 2010/2011. I intend on going to my local accountant soon. I have spent a fair bit on both properties as they both needed building work etc and have kept all receipts in expanding folders sorted monthly. These inc diesel etc for my van which i also use…
-
Tax on dividends when residing outside UK
I'm considering emigrating to the U.S and have a UK registered property company which owns a small number of commercial properties. The revenue is generated by way of rent from the tenants in these properties. Will UK tax still be payable on dividends paid to me by my prop co?
-
How much income tax do I pay?
I just got a new job mid-way through this tax year and I should make £8000 by 5 April 2012. Since the personal allowance is £7475, how much tax do I pay for this tax year 2011/2012? Is it £105 (i.e [8000-7475]/5) or £1600 (i.e 8000/5)? (tax at 20%) Thanks
-
Being paid while studying???
Can you get paid while studying?
-
Tax Code 0T?
I've just received my wage slip this month and despite being on 747L since the beginning of this tax year my wage slip has went to 0T. I've went from being a temporary worker to a permanent worker in the same organisation so I don't know if that has anything to do with it but I've been taxed almost double of what I usually…
-
Use Isle of Man to save on tax?
Anyone ever thought of setting up a Ltd. Company on isle of man to save on tax and living in UK? I understand they have 0 corp tax. All you'd pay is tax on dividends here in UK. Or how about moving to Isle of Man? All you pay then is about £1000 fixed rate on whatever you earn ! (10% on £10k, then the rest in zero rated…
-
claiming tax back.. please help
Hi, I have only worked in between july 09 to july 10as the tax year falls between apr to apr I believe I am entitled to some ordinary income tax back - between apr 10 and june 10 (is this correct understanding ?) http://www.hmrc.gov.uk/forms/r40.pdf this form I started filling has a section in the beginning asking "year to…
-
Tax Payment on ppi refund help!
We are due to receive a ppi refund in two months time. It will be paid to us gross of tax. It is in joint names my husband is a 40% tax payer and I pay no tax at all as I do not work. Does anybody know how to work out what tax we need to pay from our offer? Total refund for the loan = £15,513.66 Interest Incurred due to…
-
Getting tax back on redundancy extra payment
Hi there Hope I'm posting in the right board. I've been made redundant, and the Company have told me I'll be getting an extra 3 months payment, which I understand to be for me handing over IT systems to people properly, not setting the servers and systems on fire when I leave etc. I understand money promised in your…
-
Corporation tax - before or after dividend?
Hello I am trying to work out if it is worth my husband's while being a contractor. Do you pay corporation tax before or after you pay yourself a dividend? I know this is probably very obvious to some but I am trying to learn the foreign language of self-employment right now so bear with me! Many thanks as always.
-
Council Tax Court Costs
Afternoon all, I have a serious issue with my council and its more to do with principle!. I am the landlord of a property and a few months ago my tenant moved out I rand the council and informed them, they told me I owed some council tax, I said fine ill pay it now. The representative declined and told me to wait for a…
-
Income tax, bloody confusing
Hi all, So, In May this year I started working in a pub earning very little, I worked there until 1st August and earnt approx £2500 the whole time I was there. From April until May I was unemployed and although I registered at the job center and applied for job seekers allowance I was told I wasn't eligible because I…
-
Claim Tax Relief as a creditor for unbuilt property?
Hi, I unfortunately made a deposit for an off-plan apartment in Clipper's Quay Manchester from Dylan Harvey Residential (now in liquidation, but Toby Whitaker the MD has simply re-opened as Harley Scott Ltd). This was back in 2008. Suffice to say that all we got in return for our initial deposit was a property reservation…
-
wanting to check if me and partner paid too much tax at work?
mine is 747l, ive just looked on one of his and his says 453L this was all the way in 2002 lol. from his previous job. i am trying to use the calculator but it says like 2011/2010 or 2011. how do i know which one to do etc? and it says earnings before pre tax... is this monthly... yearly?? thanks x