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Registering in Eire for lower corp tax
So google, voda etc do this and still operate in the UK. Anyone with a small bus looked into this for the 50% less corp tax ?
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Tax Question - Apologies!
I just got laid off from my job, I worked there for 5 months and I was on emergency tax the whole time. My 4-weekly earnings and deductions were as follows: Pay before tax: £1887.25 Tax: 262.20 NI: 159.75 Student loan: 66.00 Net pay = £1399.30 My tax code was 747L W1 My YTD Gross pay was £7336.40 My tax paid was £891.40…
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Tax office / employer mistake is costing me £1800!!!
Hi, I pay tax via PAYE as an employed member of staff in the NHS. I also pay tax via self assessment for any jobs I get on the weekend (in ther performing arts). When I started my new NHS job, the student loans company were not informed, and therefore the correct amount of student loan contribution was not taken. After…
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can't pay income tax
Hiya From aug 2010 to july 2011 I was employed but my employer never paid my tax as she said I was self-employed even though I wasn't (apparently illegal but also apparently I've no rights here - I've checked). I now have a very large tax bill which I can't pay except by putting it on my credit cards. The Inland Revenue…
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Address needed to send tax docs back
Hi all, I have to send a p45 and p60 to the tax office in order for them to review my tax affairs with a view to possible refund, Does anybody have the correct address for me to send these? Thanks
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Help needed on income tax owed after death
My daughters 41 year old husband died recently after several years of ill health, they were living on dla/incapacity etc He died leaving no assets at all apart from a small old pension that my daughter claimed in a lump sum, she had the tax deducted before she received it. Now she has had a letter from the tax office…
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Paye
I have today received a statement from Inland Revenue and advising I owe them £90.00 and advise an underpayment of £201.84 from previous years. When I phoned the tax office they advise was due to an underpayment for that amount for 2007/8. Thankfully I keep all records and was able to advise this was paid and gave them the…
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VAT on Business Miles
Hi All, Not sure if anyone can help? I have a company car and have driven approx 11,000 business miles over the past year since Jan and I claim back 18ppm from my company. However someone has told me that it might be possible to claim the VAT back on the diesel myself as well? Does anyone know if this is possible? Anyhelp…
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Christmas Bonus & Tax confusion
Hi All, Luckily this year I received a fab £8,500 christmas bonus. I also received a £1,000 bonus in April. It lookes likes on this paypacket I was taxed at 32% My paypacket was gross £10204.17 PAYE was £3277.06 and NI was £485.84 How does this work out? I've put below my normal salary and tax code etc I work 4 days a week…
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Help please self Assesment demand
I am a 25% partner in a small company that has made a small profit over the last couple of years, last year was very good for us. However, my actual income is based on a 'fixed' amount and doesnt take into account that amount, which also allows for bank loans and the usual outgoings. I have just received a demand for…
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Working overseas on rotation
some friendly advice I am scheduled to start an overseas contract working a 28/28 rotation on a residents visa in Qatar for the next few years. My 28 days leave every 2mths will be spent mostly at home in the UK. After spending endless hours researching the most tax efficent way to manage my situation I am totally…
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Self employed January tax payment
I've had my self employed tax demand for January. I know there is a 5% penalty for paying the 'balancing payment' 30 days late, but the HMRC website states "The penalties above do not apply to any payments on account that you pay late". I assume you pay interest on any 'on account' late payment? What is the disadvantage of…
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sole trader/freelance vs limited company
Can any one please advise on the best option? whether to work as a sole trader/ freelance or a limited company. thanks in anticipation, sebastian
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sole trader tax, car, perks, help!!!
Right here goes - I set up 12 months ago as a sole trader, I am partly out on the road and partly in my office (in a dedicated room in the house) My initial car cost £6000 which I loaned from family & have now repaid. I do approx 35,000 miles per year so expect it will need replacing in another 12 months. I am putting…
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Cgt
In May this year received monies from my company, due to investment in the company by a 3rd party. I'd owned approx 2.0% of the ordinary company shares, and shares in the company EMI Scheme. I received approx £381k. Am I right in assumming I owe CGT tax at 28%, or is there anyway that I can reduce this tax bill?
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Self Assessment - Student Loan
Hi All Can I ask for your help please? I work in a full time job that I pay tax and student loan through my PAYE Code. I am also a part time tutor and have to claim and pay my own tax. This is my first year doing so. I earn £19,000 PA in my full time job and in the past tax year I earned £1,500 from my part time job. I…
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tax refund company fee?
Hi i just have a couple of questions regarding the tax refund company. My partner just recieved a rebate from this company with hmrc sending the cheque directly to my partner which the company says shouldnt have happened as they say it should be sent to them. I have read a few previous posts regarding this company and i am…
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Self employed mileage help
Hello, I have been searching for the answer to this question but haven't found a straight answer, hoping someone can help! I work as a DJ, self employed. I'm technically freelance although I work at the same club each week. Can I claim mileage against tax for travel to the venue? As I said I am freelance - so the club is…
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Help me understand Tax
Sorry if this is in the wrong place, but I am trying to understand tax. It came up elsewhere that I have a gap in my education and after finally thinking I worked it out... the Tax calculator I was using threw up another question. My understanding is that in 2011-12 the tax brackets are: 20% £0 - £35,000 40% £35,001 -…
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Clinical Trials Taxable?
Hi, I'm in full-time employment and thinking of taking part in clinical trials. For each trial that I participate in, I will receive compensation for my time and inconvenience. Would this be taxable? I've read mixed articles with some saying it's non-profit volunteering and just covering expenses and others saying it's the…
