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Tax
Hi, I was wondering if anyone could help me... I am self employed, and work from home. Can i claim back a percentage of my mortgage, heating, internet ? Thanks Sophie
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Income Tax correct
I am on tax code 747L CUMUL and have paid £814.20 in tax after being paid £8242.96 so far this year. This is my only job and I work on a casual basis so my wages can differ from week to week. Tax office says I'm on correct code now after being on a code for a 2nd job with no tax allowance for the 1st 3 months of the year…
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Capital Gains tax Question on Sold Property
In the next hour or two our house sale *had better* complete and my wife who's a higher tax payer is due to recieve back just under £40k of her original £50k deposit. Because the return was less than the original deposit (made 4 years ago), is she liable for any CGT? Thanks to everyone in advance for their help. :)
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IHT/CGT/Stamp question
guys Im really confused on this situation. Can anyone suggest the best route and if we can avoid stamp duty, and my mother can avoid CGT. House worth £475k We are being gifted the house We are then in 6 months going to remortgage it for £260k, £225k to my mother the remainder £35k is for us to do the house up) which I've…
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help with employment pages on tax return!
trying to fill in 2010-11 tax return for a relative who marks exam papers. the paperwork ive got is not labelled as p60's although tax is being deducted at 20% here is an example: total fees paid to you for examining work carried out: ye 2011 gross fees 1263.80 tax deducted 252.76 so i've entered this on an employment…
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Contractor Tax Solutions
I’m sorry if this has been discussed extensively before but my search didn’t through up any results. I’ve been a contractor for a few years now and have always operated through my own limited company. For the last few months I’ve been called constantly regarding a new initiate which allows contractors to take home more…
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Unfair Council Tax
I am so angry, I came home from work to a summons letter from Enfield Council to appear in court for an unpaid council tax bill which IS PAID and I have proof of that. I thought it was a bit strange that my name was the sole name on the bill when my flatmate told me he got the same. Our council tax bill always came with…
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tax at 17
Hi my daughter who is in her second year at college has a saturday afternoon job (2-6) with a well know clothes retailer...sometimes she may work one evening and a sunday as well she gets paid monthly and is on £4.98 an hour and has told me that she pays 20% tax however has been told by her employer that she will get it…
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Report tax evasion - takeaways
Hi, I know friend works in two takeaways as driver. and he is telling me how the owners of those takeaways avoiding paying taxes. They just pay the minimum so they wont get caught. Shall i report them? If yes what information shall i collect before i report them? Does anyone know if the HMRC will do anything about it? Has…
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No more council tax?
I am not sure if this topic has been discussed yet, but I am a bit worried about reading in the Daily Mail that they are considering installing a different system instead of council tax where they can charge you as much as they like. Not sure I understand exactly what this is about. Unfortunately the message board is not…
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Second income query
Hi, I work full time and earn £27k. I also do a bit of mystery shopping and have attended some research panels to get some extra cash. It's only about £30-50 per month but is mainly paid into my bank account. Do I have to pay tax on these amounts? Each assignment I do earns me on averaged £10 and I do 3-5 per month. Any…
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Opt out of NICs
I have been paying NICs as an employee for 36 years, without a gap. The HMRC site states that NICs go towards the state pension, contribution based JSA and ESA and certain bereavement benefits. I cannot claim CB benefits due to an occupational pension and I have paid more than the required (30) years for a full state…
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Higher rate tax -pension v car
Hi there. Currently on the limit of paying higher rate tax and with (hopeful) pay increase next year will probably move into 40% tax bracket. I contribute to a pension and also have a company car. Question is should I increase pension contributions to remain basic rate taxpayer and therefore avoid paying 40% tax on car…
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Tax Code Change
I received Martins Money Tips email earlier and it made me look at my pay slips, well a couple of them. Bearing in mind nothing has changed...I still have 1 child at home in education, I'm still a single parent, my hours of work are unchanged 40hrs. I found 1 payslip dated 14/01/11 with the tax code of 0660L !!! and one…
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P87 and Armed Forces
i'm currently looking into whether i can claim tax relief on the miles i do in my car from home to my raf base each weekend. at the moment the raf give me 25p per mile for two trips home a month (around 850 miles), however i go home every weekend and actually do nearer 2000 miles per month. can i claim the full 40p per…
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Online Self Assessment question for CGT
I bought an income generating UT in 2000 and sold part off in 2007 - no CGT involved or reporting necessary. I sold the rest off last tax year along with some other UTs which make my total sales over the £40k? limit so I need to fill in a tax form which I'm doing online. I'm having difficulty filling in the IR tax…
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Tax question - Employment/Gross interest
All sorted - thank you for your help
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£10,000 tax bill from y/e April 2006 - - HELP
My husband retired in September 2005 and received lump sum etc. HMRC had wrongly taxed him at a lower rate and we were aware that there would be extra tax due. We contacted HMRC when submitting y/end April 2006 forms and were told that they would contact us later and to submit the standard form and information. This we did…
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A choice of addresses for self assessment return CF14 8HR ??????????????
I have to send off a paper self assessment tax return tomorrow. I have been comparing notes with my sister. It seems she has a form for her tax office in Bradford BD1 but my blank forms are addressed to a new Cardiff address PO Box 4000 CF14 8HR. I am old enough to remember a computer nightmare involving registration and…
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tax and shares
Hi, Ive copied this from another thread due to adding it to the wrong one.. can anyone help me with this... Im wondering if any of you do payroll and could help out with an issue on this months wages with regards to tax taken and shares scheme.. and i cannot work out how they have worked out how much tax i should pay.. I…