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Sipp Q
I am a higher rate tax payer, and get some rent and dividends. My idea is/was to put everything above £37k into a sipp and claim back the extra. How exactly does it work - is it possible to claim everything exactly? ie. Do i have to know exactly how much i've earnt a week before the new tax year and then put that amount…
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Once self employed, now PAYE
Hi there. Up until 15 months ago I was working on a self employed basis. 15 months ago I went travelling round the world, giving up my self employed work. I'm back in the UK now, and have just got a full time PAYE job an will no longer be doing anything self employed although I believe I have to continue to do tax returns…
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Tax on very low income hobbie?
Hi all, I have just had the idea of using my knowledge of computers to gain a small amount of money. The idea is to wipe peoples pc's if need be, reset windows passwords, defrag HDD'S, and so on. I don't expect to made anymore than 1k a year (if that). I am currently on Job Seekers Allowance. Do I: 1: Pay taxes on this…
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LLP and IT Contractors
I am an IT contractor and have been approached recently by Rousseau International claiming they can improve my net take home each week via an LLP tax structure. I am not a LTD company, I simply go through an umbrella company who take care of all my tax, ni etc. Does anyone use this structure?
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Overpaid tax - please help !
Hi Can I please get some advice Worked for a UK firm outside of EU/UK in 2009. The visa situation was based on a relationship I had at the time (partner to an EU person) but she was not living in the UK. Wasb't sure but the employment agency told me that that was sufficient and correct and they sent me on the plane and…
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income tax question
Hey all! I have a question about tax free allowance for the year. Apologies if I am posting in the wrong place I'll do my best to explain this but I'm not very good with tax. I've just started a job on £42k and have just recieved my first paycheck today. It was monthly and included my first month basic pay and basic in…
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car payment from work and tax on new parts
Hi all, I currently get a payment from work for the running of my car, this goes on my wage and I am taxed on the amount. When i buy new parts can i reclaim the tax back from the tax man? Thanks Ian
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Income tax help needed
Hi. I currently work full time and am on a normal PAYE tax code. I am thinking of starting some freelance work on the side, and wondered how it works with tax? I understand I probably need to register for self-assesment, but how does the taxation work - does it come out of my other salary or do you get a bill at the end of…
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Gift of Home
My parents own a house in a relatively desirable area. They are old and could do with something smaller. We could do with moving into their place. They don't want to live here. The questions are.. If we move in there and they move out (to a new house), can they gift us that house gratis? Would we take on CGT liabilities?…
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Tax Refund Template Letter?
Hi, I am just wondering if there is a good template letter out there for sending off to HMRC to get a Tax refund? Basically for the past 3 odd years I have had the wrong Tax Code and want to claim it back and hopefully it could add upto £500 which will come in very handy at the moment. Thanks.
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Self assessment - don't wanna be!
For 20 plus years I have let my tiny house in the UK while living in Holland. Initially HMRC sent me an annual form that i filled in but as my income was lower than the personal allowance, eventually they stopped sending me a form saying I had to tell them if there were any changes. Then earlier this year I took on an…
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Is this normal practice for accountant?
I asked my accountant for a paper copy of the self-assessment tax return that he filed on my behalf. However I notice that there is a question to fill in your bank details in case HMRC owe you a refund of tax. Instead of my bank details he has filled in his own! Does anyone know if this is usual practice and if so, am I…
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Just came across this
What do people think.Would you be able to do this yourself.this charges £6 admin and i think 20% of the final amount "Uniform Tax Rebate is an online service to claim tax refunds for UK workers who wear a uniform." Visit us at: https://www.uniformtaxrebate.co.uk/
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2 low paid jobs and NI contributions?
Hi! Hope this is the right board for this question. I am doing 2 jobs - but do not seem to be paying NI contributions thru either. I earn more than £102 per wk - which is the lower limit for NI contributions, but less than £139 per wk. I am not eligible for any benefits. What happens to my NI record? - I am concerned about…
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Fuel Card
Hi, I may be given a Fuel Card from my employer, I drive about 30,000 miles a year in my own car. These miles are mostly personal (which includes driving to office). Am I correct in my understanding that I will be taxed as if it was salary (because lets be honest it is), at 20% or 40% wherever I sit. If this is the case…
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MSE News: Council tax to be frozen next year
This is the discussion thread for the following MSE News Story: "The Government is to announce plans to continue a freeze on council tax at today's Conservative party conference ..." Read the full story: Council tax to be frozen next year
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HELP! Self Assessment - the PAYE section
I have one PAYE job and also self employed income. Believe it or not Im strugging with the section on the form dealing with PAYE. On here recently I got all confused about 'taxable benefits' which last tax year were £185 This is out of a total mileage payment of £1667. I was told on here that this £1667 is NOT on the p60.…
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tax help please: 2nd property sale
Hi, Due to illness my partner and i had to leave mainstream work, but we still wanted to work. We were lucky enough to be able to buy a small inexpensive second property and we have been renovating it, and thankfully increased the value. We now intend to sell the property and use the profit to pay bills and live on. We are…
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Extra statutory A19? Would it apply to me?
Just flicking through this forum and have seen this mentioned a couple of times. Back in February - May this year I had numerous letters from the tax office about underpayments for the years 07-08; 08-09 and 09-10 totalling over £2000. For the same years I hadn't claimed tax releif for various professional fees totalling…
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Capial Gains Tax on 2nd Property How would it be calculated in this senario?
Hi I looking for some help as am trying to do my sums and getting a bit mixed up lol. Can anyone explain how CGT would be calculated in this instance pls. My husband and I joint brought a house in 1984 for us and our daughter. We paid 19k for it and spenk 10k on a downstairs exstention in 1988. In 2001 my husband became…
