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They have lowered my tax code????
I received a letter from HMRC yesterday saying that my tax code has been lowered by £185 because of 'taxable expense payments'. I have just phoned them and they say that this is petrol expenses and that they received this information on a P11D (or something like that) Now I complete a self assessment as although I go…
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Higher Tax relief on Pension
I am a 40% tax payer and last year paid in £3895 (4868) with the 20% tax relief to a personal pension. The additional tax relief i get on this is reflected in my tax code notice. Is the amount extra relief i should get just simply 20% of 3895 or 4868 or is it more involved. any help much appreciated. ernest
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ni number
I don't know if this is the right place to post this but I need some advice. I think someone that I know had access to my ni number. If this is all that they have of mine, should I be worried? I read on the web about identity fraud and benefits claims....
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Collecting sales tax...and keeping it. How serious?
My wife and I make our living with a coffee truck and do the festival circuit. We have an artist friend who hits many of the same venues with her arts and crafts booth. Recently, she admitted to us that she has been collecting sales tax on her wares for over 20 years and...has simply kept the money. :eek: She's very…
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Tax on winnings
Don't know where to put this. I know we're not allow to discuss gambling, but this isn't really. In a lottery syndicate (I know the odds are crap. My money, my choice). Question is, one person manages it and buys tickets. I was told by someone else the other day, if we won. The main person would get the cash, but we then…
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How "friendly" are HMRC when it comes to settling tax-debts in installments
Ok, I have been really anxious over the last week. I did my tax return for 2010/2011 - I have only been properly self-employed for a short time so did some mis-calculations and will end up having to pay more tax and NIC 4 than expected. On top of that I was unable to make a great deal of pre-payments as my husband lost his…
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How to check correct tax paid ?
Reading these threads has got me thinking ...... Just over 5 years ago, my wife had a part time job with company A. She then got a second additional job with company B and had a BR tax code on this job. She stopped working at company A a short while later, and company B became her only job. It later transpired that she…
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Council Tax debt
My partner has his wages arrested every week for council tax debt, this has been on going for a while and I am not sure which years this is for. as this was accrued before I moved into the property. I moved in around 2008/2009 and I am paying off arrear for 2009 at £50 a month and this is due to finish in December. WE have…
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Self employed VAT vocational training query
Hi, I'm currently a self-employed flying instructor/commercial pilot. I am wanting to increase my career prospects by doing some further training by completing an instrument rating (further vocational training). I already hold a commercial pilots licence and am wondering if it is possible to reclaim the VAT on this further…
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Any sage users on here !
Hi sorry prob a long shot but need help/ reassurance i have been called into a job interview tomorrow 2nd one and i am going to be tested on sage for bank recs and vat recs my mind has gone blank not sure if I have ever done a vat rec on sage and cant think how to do a bank rec on sage not used sage for over 6 mths and…
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Tax issues over 20 years ago - right to still be worried?
20 years ago when we were all young(er) and stupid(er) someone I know did cash-in-hand work in nightclubs, signed on a bit and existed mostly on cash handouts from family which they banked. No tax was paid. This person then worked abroad for ages, this time all above-board. The family member died but after 7 years of the…
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Tax avoidance
Hello I have a friend who is avoiding paying tax and I am worried for her. She set up a limited company which she dissolved years ago and now she is being paid weekly by an agency, she hasn't paid a penny in tax for years **THIS IS NOT ME BEFORE ANYONE IMPLIES I AM WRITING IN THE THIRD PERSON TO GAIN ADVICE!! *** I dont…
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Registering as self-employed
Quick question. Does anyone know how long it takes HMRC to respond when you submit the self-employment registration forms and Class 2 NIC exemption form? Thank you
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Teaching self employed query
I am employed as a teacher and paying PAYE but did a bit of extra work for a different employer. I assumed this employer would pay me gross but it seems under an HMRC rule that I don't really understand here http://www.hmrc.gov.uk/manuals/esmmanual/esm4503.htm they have deducted tax at 40 pct under code D0. This is because…
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Can I claim back PAYE from the same year if my self employment runs at a loss?
I was recently told that if my self employment business ran a loss I was entitled to claim back PAYE from my part time job to cover the difference. Is this correct and if so how do I go about claiming it back? Any idea of the time-scale involved and are there any other implications I should watch out for? Thanks
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Selfemployed x2 ?
Hi all i'm currently employed(PAYE) and self employed on a side business - lets call it businessA - i obviously complete SA. when i orginally setup businessA it was simple hobby website that i earn revenue from advertising. my business has grown and changed and i've done some other IT work (websites,hosting,PC repairs…
