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National Insurance ... Confused!
Hello everyone, I'm not a regular on the tax forum so please have a little patience. I have been a student / worked on and off all over the last 6 years. Sometimes I will have a job for 6 months 37+ hours a week and then I may have 3 months off work etc in a working year. Is there any form / request I can make to find out…
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Mileage Claim with a slight difference
Hello, Hopefully someone can help me with this.... From June 2012 to May 2012 i did a lot of miles in my own personal car travelling to various work locations working shifts. During this time i stayed in a hotel (paid for by work) and travelled to work and from work from the hotel. I estimate that i travelled anything up…
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Offshore Investment Company Dividends
With a UK share you have a "Tax Credit" of [say] £10.00 and a "Dividend Payable" of £90.00 - and can no longer recover the £10.00 Tax Credit within an ISA. With an Offshore Investment Company you receive [say] "Gross Dividend" £200.00 "Jersey Income Tax" £0.00 "Net Amount of Dividend" £200.00 - all of which can be credited…
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Tax on money won in court
If I've won money in court do i need to declare it as part of my income on my SA?
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Buying and selling cars?
Not sure if this is on the right board but l will explain..... We're saving for a newer car - it'll be around £10k but we only have £6k savings at the moment. I was wondering what the tax implications would be if we bought a newish car at auction and sold it on, l've researched and we could make between £1k and £3k.…
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Income tax
Hi all don't know if this is in the right place but I have started work in may 2012 before this I was claiming jsa my question is should I be paying tax my first wage I paid £158 then after I pay anything from £50 to £68 I didn't revive a p45 from jsa either should I Ring tax office or dose this seam right thanks in…
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Tax Demand 2007-08
I have worked as a contract management accountant for many years, principally getting employment through agencies. I have usually been paid by the agencies on a PAYE basis, normally earning about £20-25k a year. In June 2011 I received a self-assessment statement from HMRC with a Determination for 2007/08 for £35,000. I…
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Taxation on overseas pension
If you live permanently again in the UK & receive a standard old-age pension from a non-EU country like South Korea would the pension get taxed in Britain/Korea or both? Is it any different if it's a private pension? Thanks.
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Tax rebate
My husband has just had a tax rebate letter. It shows a refund is due for a very nice amount but from the tax years 2006/07. Surely this cannot be right that it has taken them all this time to realise it? it refers to some medical cover he had with a firm he worked for years ago, well, in fact, 2006. They would have known…
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Help needed - employee travel loans!
I've been offered a job in another City which I'll have to commute to on the train every day. My new company have confirmed that they operate a travel load scheme but haven't really told me much else. They want me to hand my notice in to my current employer no later than Friday (21st) and have suggested that I raise the…
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do i need to file tax return?
hi last year for first time, i went over the 40% limit. couple of questions if someone can help. i need to do two things: 1- Declare interest earned from joint saving accounts. i have tax certificates 2-claim tax relief on pension contribution. question is, do i need to file a tax return or do i just write a letter to…
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Tax when cashing in stock options
Here's my scenario, I would really appreciate anyone who has experience in this letting me know their thoughts; My employer provides me with stock options which, once vested I hope to purchase and then immediately sell. They are a company floated on the NASDAQ. When I log in to the company who oversees the provision of the…
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Tax on Winnings
Hi people I am currently doing work for a company which pays $5000 per piece of work... but only if you submit the best piece. I haven't a clue about where this would stand wrt tax. The closest I can find on the HMRC webpage is tax on lottery winnings which is exempt.... but knowing the UK tax system I am sure to be liable…
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Reclaiming Overpaid Student Loan Payment from HMRC Self Assessment
Hope this is the right place for this thread.. I had a student loan and, as an employee and as a self employed person concurrently, I have repaid the loan via PAYE each month and self assessment annually. I fully repaid the loan 1 month into the new tax year. SLC stopped the PAYE contributions coming out, but instead of…
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foreign inheritance count as income tax?
Does a foreign inheritance, (France), for a UK resident, get taxed in the UK as income? For UK residents, does it get taxed in France under their rules or is it treated in its entirety within the UK? Thanks
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Can National Insurance tax be reclaimed?
Comes up as 'NI EE's' on my pay slip. My annual income of the last tax year was within my personal allowance, and NOT above. I phoned HMRC but they told me they don't deal with NI tax. Is it possible to reclaim this tax or not?
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My tax code has been lowered, but why?
Hello, I finished maternity leave June 7th. I left the company at this time also. I had 3 months off. I now have a new job as of 2 weeks ago. £7 p/h. On the 2nd of September I had a HM rev letter. Page 1 says - Your tax code for 6/4/12 - 5/4/13. is 188T.. Page 2 said - Your NEW tax code for ^^ is 655L which replaces 843L.…
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Higher Rate Tax & Child Benefit?
Currently my PAYE will look like I am a Higher Rate Taxpayer but I then pay a lump sum in to my pension in March which brings my annual earnings back under the HRT threshold. How will this work with the changes to Child Benefit as I want to make sure I dont lose this for my 16 yr old son?
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Mother's tax code, just checking ...
Would be grateful if the better tax educated than either my mother or I would just check that this is right ... Mother is over 75, and widowed (Dad died in December 2009). She has a state pension of £8108.00 pa, and a widow's pension from Dad of £6978.93 for 2012-13. In October 2011 she had a P800T saying she'd underpaid…
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"Payment due by 31 January 2013" shock!
Ive been diligently filling in my SA form. After I completed it I got to Step 6 "View your calculation". This is the screen that shows how much tax you owe. There are 4 figures on this screen: Total tax, Class 4 NIC and Student loan due for 2011-12 First payment on account for 2012-13 Payment due by 31 January 2013 Second…
