-
Help Needed From Afghanistan!
Ladies and gents. I left the UK to work in Afghanistan just over a fortnight ago, and a few weeks prior to leaving went into my local tax office in Liverpool and signed a P85 form. My current contract runs till Nov this year until the end of July 2012 next year. The likely hood is that it will be extended until Jan 2013,…
-
Company Sponsered MBA - Tax Implications?
Hello guys, Looking to sponsor an employee for an MBA programme, now I don't want to talk about the pro's and con's of an MBA here, but instead I have some TAX questions. My employer is self employed, I do not work for a limited company. I am also the employers son. If sponsoring an employee for an MBA, what tax…
-
Fly-Tipping. A tax burden
The illegal dumping/disposal of rubbish on country lanes, rented land and quiet town & city streets is costing council tax payers an absolute fortune. The suggested ideas-some already implimented- range from fines, warnings and even imprisonment. Yet it still goes on. Should we get even tougher on the culprits? How about…
-
Self employment, invoice date or work date or payment paid date?
Imagine the following scenario: Self employed March 1st until March 30th work is done under contract, net30 payment schedule April 20th Invoice is issued May 1st payment is sent Which date would the income matter for when filing a tax return when between the payment date and the work date a tax year change occurs. In this…
-
vat
my sister opened a corner shop last may but things are not working out as she thought so she wants to sell up in january.but she doesnt know where she stand as far as claiming her vat back do you have to be trading a certain time or can you claim it back no matter how long you have been trading, any info on this would be…
-
Earlier Years Adjustment
I overpaid tax for expenses for 6 years, I sent the inland revenue a letter as suggested on here. I have just received my over payment. However they have taken it off last years tax bill using Earlier Years Adjustment instead of giving the me the money I am owed. This means that instead of getting the £700+ I over payed I…
-
Moral Dilema
I have recently cancelled a Life Insurance policy (lots of frustrating reasons, but not the subject of this post). The Life Insurance company informed me of the loss the policy had made --- £21k, they also told me that I could claim deficiency relief on this amount for this tax year, which suits me a lot as this year I'll…
-
married couples tax allowance
Hello all, I'm new to this forum so forgive me if I have posted this in the wrong place. I wonder if anyone can help with this question. I married in the early 1990's and divorced in 2000. Every year since my PAYE tax code statement shows I am still recieving the married couples tax allowance, even though it was abolished…
-
Business Miles - Own Car...
Afternoon all, This could have been answered already posts, but need to ask it my way kinda thing! :) Working for a small company, doing a sales job so am always on the road...... Use my own car and claim back mileage..... Now, are there any Tax implications on the above ? Lets say i cover 20000 business miles in a year in…
-
Confused filling in P50
I was trying to fill in P50, but I am confused with the wording in that form. I have been unemployed for 4 weeks +, my last job finished in November and stopped claiming JSA back in August after I started temp-work in September. Under Claim for payment section, it says "Your income since leaving your last employment" and…
-
Can I do this - Child's tax free savings and school fees
My son has a savings account that I pay into monthly (earning 6% tax free). He is within limits for interest earned etc to be tax free. I pay his School fees by DD from my current account. Can I use his savings to pay for part of his school fee without incurring tax on his interest? Or, does the fact that I when I move his…
-
SAYE - CGT on sale of shares
Hi All, My first post, be gentle! I have looked through the forum but can't find an answer to my query. I''m hoping someone on here can help. I have a SAYE share save scheme with my current employers. The current value is approx £31,920 based on today's price. If I take off what I paid £7200 and my CGT allowance it leaves…
-
Hmrc big mistake for 15 years
Hi all in tha last. Month I have just been notified by hmrc that some one was born in same day as me with the same name has been issued with the same national insurance as I have. And this has just come about because that th other person has just started work and has been getting charged for student loan but she has never…
-
Claiming tax reflief on business mileage...
I'm wondering if anyone can advise on my current scenario, as I am extremely confused, especially after doing a Google search! I have started a new job recently and as part of this role I often either travel to my normal place or work, travel to a random location (for work - meetings, etc) or work from home. Currently, I…
-
larkrise
i have had a letter from inland rev stating i owe £1900 from 2010-2011 how can this just happen, i am an ordinary joe public working for an employer the same one for 40 years or so and have never dealt with my own tax. i did take early retirement in may 2010 and carried on working 16hrs per week for my employer , but isnt…
-
Is taxman likely to be sympathetic in case of separation?
My husband's contract finished and after some time he was able to find work in another country. He is living permanently abroad - paying tax, mortgage and all other bills. He is visiting this country about twice per annum. We have a fifteen year old son who is at school. Although we are separated geographically, our…
-
Company Car Benefit and Contributions.
Hi, First time I have posted on here so I dont know if I have put this in the right place! I have been with my employer for 2 years and have been provided a company car (pool stock) for this period. I am now in a position to order a car for the first time and our scheme allows the individual to 'Flex Up' which means I can…
-
not working a full year
is it true that if you only work 8 months of the year you are due a tax rebate ?
-
Bonus Tax
Hi all, I have received a bonus at work, for the first quarter that I have had the job for, and I seemed to have been taxed a huge amount. My pre tax wage and bonus come to around £4250, but of this, only £1666 is my wage. Now I have been paid, it seems that I have had around £1500 taken from me in Tax, NI and Student…
-
Self Assessment Tax overpaid
Hi, I'm not sure if this is in the right place, but anyway. This morning I received a SA300 form in the post from HMRC which said I have overpaid my self assessment tax return. I have had a look around to find out how to get a refund but could not find much. Do I need to write them a letter or ring them up to claim it. If…
