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Tax refund
Hi all, ive just got a tax refund dating bact to 06/07 for nearly £700:j:j. I havn't got a question about it, im telling everybody:j:j
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only worked for part of the year how do i claim tax back
hi my partner and i only worked from april to september in tax year 2007-08 can someone please help me and let me know how i can claim back the tax i have paid in that tax year. it would be very much appreciated if someone could help. i earned around £7000 before i stopped working .
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They giveth, and they taketh away
Grrr!!! My wife received a tax rebate of £1974 during this tax year (not sure which year it was for, she got a couple). We thought "great" and cashed the cheque. It's gone now. Today we received a letter saying she has underpaid by £2000 for the year 2010-11. The rebate of £1974 is shown as -1974 under the "tax paid"…
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Limited company question
I've got a small limited company and am the only director and person in the company (ie no employees) and am not sure how to 'pay' myself, both for normal living expenses, but also to reduce the taxable company profit. I've tried to look at doing drawings or dividends but am not sure about that. I seem to remember reading…
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sole trader - what % expenses at home
I know the general rule of anything for business can be expensed but I once spoke to some IT contractors who were claiming housing expenses (rent), petrol, etc. What proprotion of expenses at home can I put towards business use because I do occasionally work from home but only one day a month for example. broadband,…
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Tax Rebate not paid - Help!
I'm wondering if someone can point me in the right direction. When I got my P60 back in May I noticed I'd paid too much tax, I'd been off sick for over 8 months last year due to a broken leg so I hadn't earned very much. When checking P60 I realised nothing was mentioned about a rebate so I got in touch with HMRC, it…
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UNderpaid Tax again
Hi im posting this on behakf of my Dad, He retired 3 years ago but now has a part time job he recieves pensions etc so pays tax. For the last 3 years he has recieved a letter each year saying he has underpaid. They sort it out he repays it and again year after it happens again. Is there anything he can do? He is being…
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On-line Business start-up...
Hi. I am looking into starting up an on-line buisness but have absolutely no idea where to begin with such things as bank accounts being a sole trader, limited company etc. I don't want to go too much into it at the moment, but i will run it completely free of charge to begin with, with the exception of a caller privacy…
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How do I revoke summons for nonpayment of council tax?
Is there anything I can do to make the council drop their summons for non-payment of council tax? First you think it's ridiculous as council tax charges are waived 100% for full-time students. I have called them to reason about it and they insist we (me and 2 other housemates who finished in September 2011) pay £70 as they…
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P800 Cheque query
Hi all, Got the lovely rebate letter with two pending rebates for 06/07 and 07/08. It stated a cheque would be send separately and today I got ONE cheque for one of the years. Do they generally send two out in two different envelopes or...? Only reason asking is while HMRC sent the calculations letter in my full name, the…
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Few simple questions
Hello all, I am new to this forum, I have read some really good advices on here from other threads, so I thought I will ask some questions myself, hopefully you will able to help! - Currently we have a Royal Mail account, where we get an invoice every month or so for the spent the previous. I would like to know for my…
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Unpaid tax
I just received a letter from IR indicating that I have to pay more than £4000 for tax year 2002-2003 when I was self employed. I did not received any correspondence, no court order and as far as I am concerned I have paid all my taxes. On that time I had a partner and everything was in my name (business). then he…
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Mr
I just received a letter from IR indicating that I have to pay more than £4000 for tax year 2002-2003 when I was self employed. I did not received any correspondence, no court order and as far as I am concerned I have paid all my taxes. On that time I had a partner and everything was in my name (business). then he…
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HM Treasury get it wrong again! (ESC C16 withdrawal)
So, we have "entreprenneurs relief" where a small business owner can sell his business and only pay capital gains tax of 10% on it. This applies for gains of up to £5 million! For years, there's been a relief, known as ESC C16 where the owner(s) of a limited company can close down their company and take out remaining funds…
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P800
Hi All, I've read a lot about the P800 letter, but can't find anything that relates to my circumstances. Most of the information I can find is where people have complicated tax circumstances (e.g. Company Car, Fuel, Pension, Multiple Jobs, etc). In my case I have just had one job for this period (infact the last 5 years)…
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Most employees pay the right amount of tax, Do you?
Got this letter in the post this morning claiming to be from HMRC PAY AS YOU EARN. It's saying I may need to complete a self assessment if circumstances have changed. They have not. They seem concerned that I'm either paying too much tax or too little by the sounds of the letter. I'm on PAYE and my Tax Code is correct. I…
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Moving self employed earnings to Ltd. Business
I have been running my own business for the past year (self employed), and have decided to make the move to setting up the business as private limited company. Is it possible to move my earnings for this financial year to the limited company, as I do not really want to pay income tax for the amount I have earned this year…
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Help Self asseesment tax as a contractor
I am so confused. I have been unemployed for 12 months and have been offerered a contractors job as part of a gang refurbishing council houses. Now the strange bit.My gang bosss says i will be self employed but that he pays the tax for me at 30%. I have never heard of this being the case just thought it was PAYE or i pay…
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£100 Fine
Hi All, I returned my self assessment form on the 15th October 2011, I received a response today advising that I owe no tax, however since my form was received after the 31st October I will incur a £100 fine. Is there anyway to get this reversed? I sent the form originally by normal 1st class post and I can't understand…
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p11d cash equivalent for fuel
hi there, I was just going through my self assessment and was wondering if someone could explain how the "cash equivalent of fuel" on a p11d is calculated. Looking at my p11d the "cash equivalent of fuel for each car" is listed as £3240. I thought this looks like a lot! Going through my records I spent approx £2500 on fuel…
