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Tax effective ways of paying employees?
I am wondering if there are any imaginative but legitimate ways of paying an employee a better package of remuneration that does not generate extra costs on the employer, and / or can reduce the amount that is taxed of the package that the employee earns? eg If an employee simply gets paid 30k then more than two thirds of…
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Tax advice needed please
Hello I am hoping this is in the right place apologies if not. Basically my husband works for an energy supplier as a gas fitter. We were told a while ago by a friend that he could claim back some tax for uniform cleaning which is when I found an article on here. (I did put a link to the article here but it says I cannot…
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HMRC Reducing My Tax Free Allowance for Business Expenses
Hi All, I had a letter last year from HMRC that I lost. It was along the lines that I had not paid enough tax for the tax year 2010-2011, to the figure of £207. My work manage my tax payments through PAYE so I assumed that an error had been made. I just received another letter from HMRC detailing the underpayment of tax…
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Street we leave in needs recontructions. Council says big NO.
The street we live in is broken and requires resurfacing. Sent about 5 emails to council and the highway repair company come in and just repaired few potholes. The street next to us is completely resurfaced last year. Council says every year they prioritize 20 worst roads and resurface only those. Ours is'nt in the list to…
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Can you reclaim NI on car allowances?
Hi - Apologies if I've missed this in another thread somewhere, but I saw an article on businessdatabase indicator co uk entitled "Do you have a right to reclaim NI on car allowances?" and wondering if anyone knows whether there is any truth in this? I (like many others I'm sure) do receive a car allowance, and it is…
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Tax code change after submitting SA different figures on notice
I submitted on July 17th my SA online. I had a small refund that has already been paid into the bank. Today a new coding notice has arrived dated the 17th July but the car benefit figures and medical benefit figures are not what I entered on my SA. Despite it saying on the back page we have changed your code based on your…
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IHT question
I am the executor of a widow who died recently and have to fill in form IHT 205 for inheritance tax. The estate is simple and well under the amount to attract IHT but I am stumped over questions 7 & 8 regarding pensions.She had no works pension only a state pension, but received payments from her late husbands works…
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council tax & permitted occupants
Hi, I'm currently living with some other ex-students, but our council tax exemption runs out on the 31st this year. We're now having a dispute, though, because I'm a tenant on the TA and they are only permitted occupants - they say they shouldn't be liable to pay any council tax as they're only technically guests of mine,…
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MSE News: Don't forget the 31 July tax deadline
This is the discussion thread for the following MSE News Story: "The majority of the nine million taxpayers who file a self-assessment return must make a payment by the end of July ..."Read the full story: Hurry to avoid a £100 self assessment tax fine
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Process for Claiming Entrepneurs Relief
I'm closing down my business having recently started a full time job. My business account will have a positive balance of around £25k after the final accounts and corporation tax has been paid. I plan to take this cash as a capital gain up to the threshold and claim entrepneurs relief on the remainder. I usually complete…
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tax code change
Just got my paysilp for this month, and they have taken about 4 times the amount of tax they usually do - hence i'm skint! tax code has been 810L for the last few months. Todays paysilp says 358T. What is that code for? What's the best way to get it fixed? Is there a sheet to fill in or something to get back this money as…
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Van Tax and Employer
Hi All, First time posting and need advice on who I appeal to when an employer will not change the P11D (?) regards van benefit when two other people at HMRC and an accountant say they should in my favour. In my work contract I have been given a works van to drive. I looked at the HMRC web page and found I could save on…
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Confused about meeting with IFA
I have researched and chosen an IFA that I believe is best placed to provide advice on a few issues I have in relation to personal tax, capital gains tax and the best way to go about financing a second rental property. I spoke to the advisor on the telephone to set up an initial meeting. He told me this meeting would be…
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Benefits in kind and self assessment
Hi there, My partner currently gets £3000 worth of benefits in kind from her employer and her tax code has been reduced accordingly (510L) - meaning that via PAYE she's paying ~ £600 for those benefits. However she's filled in her self-assessment detailing the earnings on a rental property, leaving (after advice from HMRC…
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Self Assessment Petrol Allowance Question
Hi, In the middle of doing the missus self assessment to get her petrol allowance back through hmrc as her employers didnt pay her a penny for travelling to and from her clients. She is a carer so has no fixed place of work. Total mileage for the year was around 8800, haven't got exact figure with me but its at home on a…
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Self Assessment problems
I am trying to fill in last TY's on-line SA - And have come across a problem I earned interest last TY on several investments that are paid net of income tax - yet when I try to add these - they assume that they have been paid gross and try to tax me again How do I ensure that I do not pay double tax ? I think that I am…
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Paying tax on my credit card
Good morning, I'm assuming I'll have to pay 2k tax on my rental property next January. Does anyone know if I can use my credit card to do this? (0%) of course! The reason I ask is this would allow me to overpay my interest only mortgage all year and reduce it whilst it's in it's infancy. Anyone know? Thanks in advance::)
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Lump sum advice
My mother passed away recently & my father had over the years put all his earned savings in her name as she was a non tax payer. He is taxed at source on his private pension. Her will left everything to him, but as he has dementia my husband & I have power of attorney & we live with him caring for him full time. We now…
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P800 has got me wondering....
I received a P800 today for tax year 2011 - 12. I have unpaid tax of £750.40 I have no idea why I have underpaid as my tax affairs are as simple as it gets, only one job PAYE and no other income. What first caught my eye was the bank and building society interest for £220. For the last four years I have earned negligible…
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Neighbours are in a lower council tax band - fingers crossed
I got a mailshot from Randell & Vickers today, who have "noticed" that I might be due a rebate of council tax for being in the wrong band. They would help me for 25% +VAT of whatever I got back. Most kind of them Anyway, I followed the advice on here myself, and checked neighbours, and there are three properties on a lower…
