-
Conflicting tax letters
My hubby has just had a letter from the tax people telling him he owes them £20-odd quid for an overpayment of income tax (yesterday). Today he's received another letter from them telling him that they owe him £50-odd quid. Is there any sense at all in that? I always find letters from the tax people to read like complete…
-
HMRC phone no. Grrr!
I recently had a tax rebate as I stopped working in June last year and although I'd had rebates last year they'd still charged me tax on my old company's medical insurance and so I was due some money back. On checking the forms they sent I reaslised that they'd also put me down for £300 tax on the interest on my PO savings…
-
Declaring One-off payment
Hi all I currently work in the NHS and pay all my tax through PAYE. I will be mentoring a student this year who is doing a postgraduate diploma and I have had a letter from the university stating that I will be paid £200 for this. Obviously I should (and will) declare this to HMRC. However, does anybody know if I will have…
-
Assets missed for IHT calculation - what now?
My bachelor uncle died intestate in 2008 and my father handled all the legalities and tax matters relating to his death. I understand that the estate was liable to IHT, which was paid and all legal matters related to my uncle's death completed by 2010. His assets after IHT were distributed between my father and my aunt,…
-
Dodging 40% tax rate
Hi I'm due a retention bonus of around £4600 in August from my current employer, which has been paid to me so I stay at the company until a certain date. I'm also due my regular wage plus a fair amount of Over Time, which amounts to around £3247. My problem is that the two amounts added together £7847 will put me well into…
-
Council tax and dodgy landlord
Hello all.... Around 6 months ago I moved into a multi-occupancy let. I was the only working person in the house - the rest were students. Therefore I knew it was my responsibility to set up the council tax - which I tried to do around 3 times. I never heard anything....(which I now know was because the council tax was in…
-
Business mileage relief HELP !
Hello, Im currently in full time employment, my company pays me fuel allowance from home to work also any business mileage i do in work. I do not get car allowance, however i get 0.16p home to work and 0.33 business mileage. I understand i can claim tax relief because it is below 0.40p a mile? i.e. if i do 1000 miles in a…
-
Tax refund
Anyone know when we should be getting these through? Due to my situation (student, several jobs on BR, one on my full tax code, and HMRC keep swapping my tax codes about on a whim) I should be owed around £800 of overpaid tax. Been on the phone to HMRC, on hold for 20+ minutes, and still no answer, so wondering if anyone…
-
Compliance Check
I have just received a letter from HMRC stating they are checking my SA from 2010-2011 as the info does not match with my employer's info. The difference is the mileage paid by my employer, as they have classed it as income and taxed me on it. I have spoken to the tax office in the past and was told that is was not…
-
Tax Demand for 2007 / 2008 / 2011 received now
My father sadly passed away last year. Everything was finalised and probate obtained by the solicitor. Now, out of the blue I have received a tax demand, for years: April 2007 April 2008 April 2011 I contacted the Inland Revenue for details as my father received no previous demands (He had Alzheimer's and I had Enduring…
-
Esc a19
Hi Please accept my apologies in advance for thelength of this information. However, I’mlooking for advice/help; like most of us who pay tax via PAYE, I’m not veryHMRC savvy. I’m aware that there is a whole raft of informationabout ESC A19 on the forum but I can’t find anything that answers my concerns. ____________ Some…
-
Does it matter what point in the tax year I cash in BAYE shares?
I am enrolled in a BAYE share scheme at work and I can get the shares tax free after 5 years. If I need to cash in earlier I have to pay tax and NI on them through my wages, is there a good or bad time to cash them in? I'm thinking that if I cash in early in the tax year the powers that be will think I'm going to be…
-
P87 Claim form
Hi, I am looking at claiming the difference I get when claiming my mileage at work. I'm not very good with forms etc but ive done some research and believe I have found the correct form P87? I would just like to know a few things: 1) Have I found the correct form? :) 2) We record everything on a spreadsheet is this enough…
-
Tax on inheritance
Hi. Can anyone help me on tax where the residue is inherited? The estate is not liable to any inheritance tax. I have been left firstly a legacy and then secondly a proportion of the residue. Will I have to pay any income tax? It is a fairly straightforward case with the only asset being a house which is being sold. From…
-
Too Much Tax?
Can someone help me please, I'm very confused. My husband worked for 43 years in the same company and paid into his company pension fund. His gross monthly salary was taxed at 40%. He has now retired and to our dismay we find that his pension, which he struggled to pay into for so long, is being taxed again. Is this right?…
-
VAT being charged twice for car repair?
..I've posted this as a reply to an old thread so I'm starting a new one here to be sure of a response. 'I've just picked up my car from a service, MOT and crash repair. It was a large bill and so I am going over it with a fine toothcomb. In the 'parts' section of the invoice all parts are quoted with VAT paid, i.e. the…
-
cgt applicable?
I have a flat which I own outright. I don't want to sell it as I am sure it will attract CGT - I can't borrow against it as I have a poor credit history and I am too old. If I transfer the property to my son so he can remortgage it will we have to pay CGT - I know IHT may have to be paid if I die within 7 years but don't…
-
Tax on company split
If I own shares in a company that is dividing into two with new shares being issued, is there a tax implication? If so, would it be income or capital?
-
Personal Taxation Of Dividend Income
so one of my colleagues(UK-based) and long term friend received part of his income as dividends. He's trying to find out how to calculate the income tax liability on this income. Having looked at various helpful websites he said he was still rather confused. SO, I thought I could get some help here!.. Can anyone help me on…
-
Council tax - with owner who is a student
Hi, I'm currently staying with an owner of the flat who is fully exempt from the council tax (as she is a full time student). However I do not pay any rent, nor do I have a tenancy agreement of any sort. How does council tax work in this case? Who has to pay - are there discounts? Thank you.
