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Overpaid / underpaid income tax
Can anyone help me with this? In August 2010 I received a cheque in the post stating I had overpaid in the tax year 2009 to 2010. It was for a decent sum of money. I called to check if it was definitely correct was told yes, my taxcode was changed to the correct one by the person I spoke to. so banked it and have long…
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Complicated tax question(s)
Person A helps out a relative with their own business whilst at university. As a favour and earns a bit of money, so cash in hand technically i suppose but its a job non the less so puts it on their CV. Done this for over a year, so dont have a recent p45. Person A has gone to a new job, and theyve put them on BR tax code.…
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Self assesment for 2004-5
Could someone please help me as had a tax bill for self/asses, dating back to 2004-5. The problem is way back then i was running my own company and had never filled one in before nor them ever having one sent to me, now the evil tax man/woman wants a lot of money plus interest. I have appealed agenst it but i keep getting…
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A lifetime of tax
What would be the total tax paid of the average earner if they had worked all their life til retirement...say from 16 -65 Also include rates/council tax in the equation...lets say you had your own house from aged 25 I know its a difficult one because of different circumstances just curious
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Need advice on partnerships paying tax and NIC
I hope I'm posting in the right place here. A friend of mine has gone into partnership and I agreed to do her accounts for her. Although I know book keeping inside out I don't know the tax or NIC rules to help her with her tax return. In the first year the partnership has made a loss and I assume therefore that no tax will…
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Gifts and Tax?
My wife and I wish to give our two Sons a gift of £10,000 each what are the tax implications in such a gift. We are in our early 70's by the way. Thanks for any advice.
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Unapproved Share option scheme - Tax return out of blue
Hi I wonder if someone can help. I've just been posted a 2008/9 tax return to fill in even though I don't normally fill in tax returns. I'm worried because that year was the year I was lucky enough to be able to excerise some share options from the company I work for. The company was sold and the options forcibally…
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Can I claim some tax back?
Hello, I am after some advice about claiming tax back; I am an Arborist employed by a nationwide company. I use my own chainsaws at work and I am paid a daily allowance for it. I have to buy petrol, oil and various other consumables to enable me to do my job, am I eligible to claim the VAT back on these items??? Thank you…
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Income from flat rental travel expenses
Hi, I recently refurbished our flat which has been rented, I travelled to the property 20 times. I incurred about 170 pounds of petrol receipts. I am also self employed not in the building trade.(annual income has been about 4k) I noticed that for self employed people you can claim .45p per mile for business activities.…
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Working Tax Credits Help
Hello, I failed to report a change of job to HMRC by about a week before the deadline and now they are saying i will have to re-apply for tax credits. I have a payment that is due Wednesday and I reported the change which has led to me having to re-apply on Friday afternoon, will I recieve any payment on Wednesday before…
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A few Self-Assessment questions..
Hi, I am currently trying to get my boyfriend's tax returns up to date and, quite frankly his record keeping skills are shocking! I have never done this before so I am trying to get my head around it all and have spent weeks researching and trying to find things relevant to our situation. He is a self-employed carpenter…
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HMRC Extra Statutory Concession
"But having done this, did those same officials not check your tax at the end of each financial year? If they did, surely this means they did hold all the information they needed and they should now accept they failed to act on it? Well no, not according to the Revenue. It told me: ‘We would have been notified about Mr H’s…
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Scammed by Entitlements Agency
My wife was overpaying tax all last year so, we looked for the official tax website to find out how to get a refund. Like !!!!!!! idiots we thought taxrebate.co.uk was the official site to get the tax refunds so, filled out the form to get the refund pack. Filled out the form and waited for them to get back to us (still…
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Am I Self-Employed?
I have a website from which I earned over £5000 from Google Ads in 2011-2012. It's just chance the site is well ranked - I'd expected to earn maybe a few hundred at best. The site requires little or no work and no business is transacted via the site. It just contains static information. I don't run a business - it's just…
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Company Car advertising = Less Tax??
Does anyone know anything about this? My partners company are going to be placing advertising over his company car, which he also uses as his personal car? He has heard from somebody that if this is the case, you are able to either claim tax back or pay less tax on the car? I cant find info on this anywhere & not sure…
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Not paying / cancelling payment on account?
I was self employed for the tax year of 2010 - 2011 and for some of 2011 - 2012. I paid all my tax on the 2010 - 2011 earnings. I owe about £8,000 on the 2011 - 2012 earnings which I intend to pay in January 2013 (as is expected of me by law). Problem is I didn't account for my "payment on account" (the half of my 2010 -…
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Threshold on items imported from overseas for personal use - medicine
My son and his wife have arrived in London from US for one month on a last minute posting by his office. His wife needs some medication for a minor condition which she has been taking in US but which is not available here without prescription. She plans to buy on line from her usual source in the US and get it sent here.…
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Taxation on rental income
Could someone please advise me on this scenario: Mrs A owns a property jointly with Mrs B. They rent out the property and share the rental income. Mrs A is in the 40% tax bracket. Can the rental income be paid to Mr A who is in the 20% tax bracket to save on the tax to be paid on the rental income. Mr A would declare this…
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tax rebate help
Hello I need to give my jobseekers allowance figures into hmrc to claim any Rebate i am owed can i give these figures over the phone or do i have to send in an official letter Also how come i have to clsim a rebate myself instead of hmrc automatically doing it One more thing do i have to give in income bssed jobseeker…
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Tax in Hungary
Shortlybwill start to rent my property in Budapest what tax % will be demanded?
