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Self-Assessment Confusion, previous employer refuses P45
I was wondering and hoping someone could shed some light on this for me. It's causing some angst... I began teaching for a language school in June 2010 and they gave me a few week contracts here and there. They would provide teaching packs and I would lead classes. I have since heard (quite recently) that the school is in…
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earning on the side, when is it taxable?
for about 3-4 years a friend of mine been involved in some other way of making money aside from their main job, they estimate on average 10% of their salary has come from these other means which are all perfectly legal, and mainly relate to their hobbies. what is the threshold for making money on the side? just wondering…
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SA - Payments to Charities
Hi, I have one property rented out and I was going though online SA return this morning. 1st time completing it. It asks if I pay to charity. Now I do pay to charity, if I declare that aswel will overall tax payable will decrease? Every year I also pay "zakat" which is religious charity have to give on any jewelery or cash…
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Self assessment – Limited Company
My apologies if this has been asked before but a search has not brought it up In April 2010 I set up a limited company to trade as a consultant, I have invoiced clients via this company and have had company accounts prepared. The Corporation tax for the company has also been paid (Approx £5,500) During 2010/2011 I lived…
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Flight delay compensation taxable?
So Easyjet, nice people that they are, cancelled my family's flight last year. I eventually got it sorted, and also obtained the €250 per passenger flight cancellation compensation from them ( google for: caa cancellation compensation). It worked out as £650, so no small sum. Fast forward to today and I'm filling in my…
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Self-employed people of MSE: How much self assessment expense did you claim last year
This thread is specially applied to self-employed who work from home, and would like to get a decent claim on self assessment expense. HMRC has never been willing to provide clear information about claiming self assessment expenses. They always tried to keep this in the 'grey area'. Why? Because HMRC would be in a better…
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Using Spouses Tax Allowance
Was in a Bank the other day and heard some guys talking about "using his wife tax allowance on his job" He was saying his tax code was something like 1200L as his wife's was also included. How is that possible?
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Parent buying their kids a home outright
My father recently read an article that Bernie Ecclestone, the Formula 1 boss, bought his daughter a £45 million home. Ok, so this is an extreme example but he would like to know what tax implications there are if a parent bought their son/ daughter a flat outright and expected no rent or repayment. Any insight would be…
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Can I pay HMRC instead of having tax code changed?
Today I received P800 forms for 2009-10 (I thought HMRC were not re-visiting 2009-10?) and for 2010-11 showing under-paid tax. Total under-paid for the two years is £680. I have not checked the calculations yet. They have sent a P2 coding notice reducing my tax code by 200 (ie an adjustment of £2000 to my tax-free…
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Student loan repayments and self-assessment
Hello Merry Christmas all! :beer: I'm spending Christmas Eve doing my tax return (doh). I'm employed but had some capital gains to pay hence I am doing SA online. It's being complicated by the fact that I also finished paying off my student loan in the last tax year. SLC put in a stop notice to my employer in August-ish…
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Thank you Mr Tax Man!
Had the nicest surprise this morning! I received a letter from the tax man yesterday about some tax overpayment. Idiot that I am, I looked at it briefly and assumed I owed money back. Started pesting and cursing about it and that they could send this to me just before Christmas until I had a better look and realise it was…
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Lost personal allowance due to being a few pounds over threshold. Help!
Hi. Last year my P60 shows an income of 100310.94 I got a request from the inland revenue for the first time to do a self assessment (2010/11 year). I filled it in, and, even though im PAYE, it says I owe some tax. I looked into why, and it seems that if you earn over 100k, you opt out of the '0% personal allowance' (£6475…
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Company car or not?
I own a small business, which has generate circa £40,000 profit in my first year of trading and I am looking for ways to reduce corporation tax bill. My wife and I are co-shareholders. She is company secretary and has a part time job with NHS, circa £4,000 taxable income after deducting superanuation. We bought her a car…
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Tax refund help/analysis - registered nurse
Hi, I am trying to assess whether I may be due for a tax refund. I have looked at a lot of posts on the site and also looked at the tax calculator guide (very helpful). I have been through my paychecks and P60s from 2006- 2011 The difficulty I’m having is that I have been given more than one tax code throughout each year…
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Capital Gains & Sole Trading Question
Hello, I am posting on behalf of a colleague who isn't internet friendly yet (!) but who would be grateful for any accurate feedback. Completion of a first self-assessment form for 2010-2011 was requested. She has made no profit yet, but made considerable outlays and only recently formed her sole trader business. From 2009…
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P45 and tax code problem
I finished a temporary job on 30th Nov, working Tue/Wed/Thur a total of 22.5 hrs per week. I accrued around 39.5 hours holiday pay which was paid after I finished. I received a P45 from this job with the "leaving date" completed with 16th Dec. Can this be correct? Does it matter whether "leaving date" is 16th Dec or 30th…
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NI conts - how much?!
Hello, I have 2 jobs and this seems to be causing HMRC no end of trouble. It looks like Im paying tax on all of my earnings even though I will only just go above my personal allowance. Argh! Anyhow, my main concern is the amount of NI conts I am making. On a gross income of 5,000 (since April) I have paid NI Ees of £206…
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Tax Return - Do Paypal tests count as income?
Hi all! :smiley: I have a small, on-line business and am building up to completing my first tax return. I just have a few questions if anyone can help?? My boyfriend's a programmer so helped me out, obviously not charging me. This included running some live tests in Paypal. Most of these were before I officially started my…
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Zero rated VAT
I am having a downstairs shower room and toilet built onthe back ofmy housebecause I have some problems with the stairs. I have read that I could get some of the work at zero VAT, but how do I go about this , what do I need & what can I claim?
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lost my tax refund cheque
hello I recieved the tax calculation mail, but not the refund cheque. so i phoned Hm revenue and am informed they said it was already sent out 2 months ago. I live in sharing house, so I am guessing someone else in house collected my mail. in that case, could that person cash my refund cheque out ? would that cheque only…
