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tax on annuity pensions after employment
Could someone please answer a simple question. My husband is finishing work next month and taking up his private pensions(2 separate ones) He has already earned more than the taxable level of £8105 so far this tax year but obviously paid tax per month through PAYE. When he starts to receive his pensions will he be liable…
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Paying tax on money coming from Oz to UK?
Hello all, Im British. I went to Australia for a year on a working holiday visa. April 2010 - April 2011 I am now back in the UK. If I transfer money from my earnings from my Aussie bank account to my UK bank then will it be treated as income and therefore be taxed? Any info appreciated, Many thanks.
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Self assessment form for expenses??
My boyfriend works for a small company (under 10 staff) and is paid under PAYE system. His expense bill each month is pretty high, about £1000 as he works away a lot. He submits his expenses claim each month to get reimbursed,. Anyhow, now the tax office are sending him letters saying his tax code is wrong and that he has…
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car tax and the part time
I work self employed part time, and I am also employed by a company part time. The company I work for are now offering a company car to their part time employees, which I would like to have, but would this alter the way I submit my self assessment?, does my tax code change for my self employment as well?. I have a small…
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Offshore business tax
I am a UK citizen and if I form an offshore business and I trade offshore with another business, which may or may not be an offshore business, then do I only pay the offshore tax rate. And also do I pay the UK income tax only when I bring the profit of this offshore business onshore?
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Just received tax demand from 2004 for.....8p
I have just received through the post a tax demand consisting of 4 pages and first class postage for 8p dating back to 2004! What an absolute waste of time and money. It cost far more to print it all and send it to me! I am now a stay at home Dad so they won't be able to take it from my tax contributions like the letter…
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2nd income rant
Hi all new to this so hope someone can help After serving 22 years in the armed forces I was (sadly) retired. Now I receive my mil pension In April last year I finally got a job after 9 months of unemployment Anyway For that 1st year the tax office did not inform my pension they were no longer my primary wage and thus I…
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Keep being taxed incorrectly for someone's company car
Hope this is correct place for my query. For past 3 years keep receiving a tax code notice to say I've underpaid tax as they haven't allowed for tax I should be paying on a car. Now I don't have company car or any car. I'm retired on pension and private pension . DVLC medically revoked my driving licence 4 years.…
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Completing self assessment??
This is probably a stupid question, so please indulge me. I have a part time and also do some work on a self employed basis. When I complete my self assessment do I put both incomes on this form or just the income from the self employed work? I pay PAYE and NI on my part time job and use up my personal allowance on this…
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Schemes to avoid tax
What is the best way to avoid as much tax as possible? (and live in the UK).
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Returning to the UK after living abroad
Hi All, I'm not sure if this is the best place for this question, but seeing as it focuses on tax, it does seem the best fit. I am returning to the UK permanently on 3rd October, after living in Holland for 3.5 years, and have been checking what I need to do to get myself settled back in the UK. I will not be working…
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Can someone help with my tax rebate estimate?
Hey all, I've finally been shifted on to a cumulative tax code by HMRC and I'm due some tax back for the beginning of the year. My employer has confirmed they've moved me across but they haven't let me know how much I can expect to get yet so I'm trying to work out a rough estimate. Could someone have a quick glance over…
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Outgoings for self assessment.
Hi There... Im new here, so this may be a dense question. For my outgoings of my tax self assessment I do not usually include Postage costs because they are paid by my clients.. and unless the postage costs extra thats the only extra I add for outgoings, so although I am paid by my client to post the item to them I dont…
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Company Medical Insurance Tax Liability Question
Hi I have a question regarding how much tax I should be paying on my company health insurance. Between august 2010 and august 2011 I was employed by a company that offered health insurance, I took this up for about 7 months of my employment then left for another company that did not offer the benefit. However while I…
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Renting anex in house to Father
query - Recently widowed 90 year old father comes to live in house with daughter and husband. They have a self -contained area, previously a granny flat, within their house. He will eventually rent out his old house on which tax will be due from him. What is the situation with the income he pays the daughter? I am aware of…
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Tax - Who owes who?
I got a 2011-12 Tax Calculation through today but myself and two others can't understand the wording! Under "The result", it says: We don't understand if I am due to pay them or I am due a cheque through the post (which isn't here yet)! Any ideas?
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CGT - Resident in Dubai
I have worked in Dubai for the last ten years and for tax (or rather no tax) purposes resident there. I purchased a property that I let out in the UK about 4 years ago and it has increased in value by about £80K. If I sell whilst in Dubai would I have to pay UK CGT on all the £80K gain (subject to my CGT allowance). If the…
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Tax query when living abroad
Hi, I am moving to the USA in January but plan to keep my flat here and rent it out via an agency (I will be getting a consent to let from my mortgage lender). It is a permanent move so I was wondering what taxes I would need to continue to pay in the UK if I am just letting out my flat and using that to pay my mortgage? I…
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Having to pay for gym membership when you work there
Hello, not sure which section to put this in...so here goes. I work in a gym, have done for many a year. As part of my employment I had a complimentary gym membership. The organisation is now saying due to tax reasons they cant offer this complimentary membership anymore. Therefore, for the rest of this calendar year we…
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Another working from home question please
Morning I have two paye jobs where I am required to work at home as a condition of the job. I also have my own business (sole trader) and work at home on the admin etc for that although the business premises are miles away, run by my daughter on site - there is no suitable office space there. I also have a normal paye job.…
