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Wrong tax code BR I only have one employment
I have received a PAYE coding notice for 4/12- 4/13 through the mail today saying my tax code is BR I have one job that I have been in compntinious employment for 15 years so I can't understand why my tax code is BR surely this means I have no taxable allowance Could any one give me any advise if this is wrong I have no…
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Have a 9-5 Job, but have a hobby that now has a small income
So my main Job is a 9-5 weekday job. But this year I have managed to get myself where my hobby can pay for itself, with maybe a little cash in my pocket. How do I go about declaring tax for this? my main employer takes tax and NI for that, but the centre where I am at weekends just pays a cash rate, and transfers cash to…
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Paid £35 more Income Tax this month... why?
Hello all :) I don't know if anyone will be able to answer this here but I was just wondering, the totaly income and deductions for last month's (August) pay and this month's (September) are exactly the same, apart from Income Tax, which has increased by £35! My tax code hasn't changed since last month, so does anyone know…
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Proof of income without P60
I will be moving to France and may need to prove my 2010 income to get housing benefit there - usually, this is done with a P60. I worked part-time from October 2009 to 27 March 2010. As such, I didn't receive a P60 for this employment as it all happened within one tax year. I did get a P45, of course, but on that it seems…
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Self-employed for multiple jobs?
Hi, I have a full-time job but this year I also registered myself as self-employed so I could start doing mystery shopping. I'm also considering using my day-job skills to do a bit of freelancing in my spare time. This would be totally different work to the mystery shopping I am currently registered self-employed for. Do I…
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mileage claims from tax??
Am i right in assuming that because i am only going to be working part time (start new job tomorrow) and i most likely won't earn enough to pay tax then i obviously won't be able to claim mileage allowance back.....i will be getting 15p per mile for own car useage...plus will have to pay extra for business use. Only asking…
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Should I be paid by an umbrella loan scheme?
I have been offered to sign up to an umbrella loan firm to reduce my tax bill. I earn approx. £45K. The firm is Darwin, I work in the construction industry. The deal is to get paid £12K a year salary and get paid the remaining amount as a commercial loan( with a 4% bonus each year to pay off the interest). My questions…
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Do I have to pay tax on a 1kg gold bar I got as gift from parent to help for deposit
My french parents want to help me to built a deposit to buy a flat in uk (I am living and working in the uk) by giving me a 1kg gold bar. I would like to know if I will have to pay tax to the HMRC when I sell the bar in the UK. If I sell it in france I pay straight away 8% on the value and will lose 2-3% more when I change…
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Deducting interest payments from letting income
I have been going round in circles trying to find an answer to this, hopefully one of the tax experts on here can advise....... My daughter owns a flat outright, having repaid the original mortgage (which was for £113k). She has lived there for 9 years, and it is in a very good area for letting easily. Predicted rental is…
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Tax in advance query
I know that if you earn below a certain amount that you only pay tax at year end...if you earn more then you have to pay twice a year...can anyone remind me the figure to keep below to avoid this twice a year payment?
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HMRC and self assessment penalties
Hi What is the position with unpaid self assessment penalties - ie: the charges that HMRC claim for failing to submit self assessment forms? I have letters claiming £700 in penalties. I have never been self-employed - however about 11 years ago I started to get them when I was a Director a company. What should I do? What…
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Self Assessment Newbie
Last year I had to complete a self assessment as I did a lot of mileage with my work and apart from a petrol card they didn't give me anything else so I went through HMRC to claim tax relief on mileage. This had the net effect of increasing my tax code for the year 11/12 as well as getting a small cheque - however this…
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Can I claim?
I work as a cook in a Bar/restaurant on basic wage of £6.08 for 16 hours a week - sometimes maybe a couple of hours more if we are busy I supply my trousers, tops and aprons - work pays for the logos to be embroidered I wash my own uniform How do I go about claiming tax relief on them when I dont actually earn enough to…
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Sub Contracting/ Contracting Tax
Hi, I've recently set up as self employed (CIS) I've been Sub-Contracting to a company for about 6 weeks, I get deducted 22%, 20% Tax 2% CITB, I've now got a problem that I want to have a few people sub contract to me, I spoke to an accountant who said I have to register as a contractor and verify each individuals UTR…
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Will I be taxed at higher rate if I earn more one month?
This is probably a very simple question.... My salary is 28k, however so far this tax year up until end of August I have earnt 13,001 including overtime - which works out to an average of £2600 per month before tax and other deductions. I have done lots of overtime this month and am due to earn £3166 before tax and other…
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Dates of self-employed work - which tax year?
Hi there, I've got a question concerning self-employed tax payment. To give a little context: for the last couple of years, I've been working as a full time employee and doing some self-employed work in my own time. Last year I was taxed on my full-time work via the usual PAYE arrangement, while my self-employed work was…
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Living Abroad for full tax year, but have UK earnings
I am self-employed and registered as SA. I did not return to the UK for the duration of 2011-2012 tax year. However I have clients who pay from their UK bank account to my UK account. I then usually transfer this directly to my bank in China. Will I be liable for full UK tax even though I am not a resident or…
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Self employment- register as limited company?
I'm hoping someone can help me. OH has a job earning a regular salary in the higher tax bracket. He also has some income from self employment, which has always been less than £3000 but is due to rise considerably next year to between £9000 and £18000. Filing this income through self assessment, as we do presently, he is…
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Self Assesment with US LLC Income
Dear All I own a small stake in a US LLC from which I received a distribution. I also received the relevant US K-1 Schedule. Could you please tell me how to account for it in my self assesment? Thanks for the help! Regards, Max
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Self assessment letter
I started doing Avon about a month ago and I registered for being self employed. I filled in a form a week or some back so I don't have to pay for nat insurance as I'm employed but today I've received a letter saying I'm going to be asked to fill in a tax return? Why? I've only just started Avon and earnt £18 ish? I didn't…
