We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cutting tax

Archives for November 2012

tax question please help
Hi, I am employed full time but have been working for Avon since May (I make very little it is a hobby but I still registered as self employed) My question, if I started this may (may 2012) when will I have to do a tax return? Also do I have a seperate tax code to my main job or is it the same? Many thanks, Kay
Kinda messed up big time here....
Back in 2010 I started selling a few items on Ebay, I was a business as I was buying to sell for profit but I brought 4,000 of these items in one go and I was only selling about 20 a month for £1.00 each. (Mostly less then that) So basicly I was gross income of £20.00, I never claimed tax and I guess I told myself (since I…
Working Tax Credit - Statutory Maternity Pay?
Hi everyone I am on receipt of Statutory Maternity Pay (SMP) until January 2013. However my work contract ended on August 2012. I was entitled to 39weeks of SMP because I had worked there for a year. I was receiving working tax credit, and assumed I would be receiving it while I am on SMP, however they stopped my working…
Self employed - 2nd self employed job
I am already registered self employed and want to start another small self employed job. Do i have to contact HMRC or do i just add it as another self employment on my next tax return? I read somewhere that you must inform them within 3 months, is that relevant for my situation or just for newly self employed?
VAT concern - confusing problem
Hi all, If anyone can help me with the below I'd be massively grateful and will even pay for help :) - Nearly all my goods are now going outside the EU, I soon want to register for voluntary VAT as I am missing out on the VAT paid for stock purchases (which i can claim back). And as the majority of sales go outside (or…
Can I send P45 photocopies to update my records?
I have had to pay emergency tax in my new job, so the tax office asked me to send previous P45s to update their records to sort it out. Can I send photocopies to update my tax records? I don't like the idea of the originals getting lost in the post and I'm not paying for recorded delivery.
How much tax should I pay
Hi, My tax affairs are a little unusual. In November 2010 I started my own IT business, which brought in around £4,500 up to March 2011. In June 2011 I took up a full time position earning £32k a year. I still had the part time job, which brought a little in, so I kept it - maximum £2,500 a year. In June 2012 I started a…
if we rent out our house do you still have 3 years
within which to sell it before you pay capital gains on it. Thanks everso for any advice.
Underpayment of tax...repayment
Hi all MSE's, i have a friend who has received a phone call saying she owes over £800 tax from last year as she hadn't paid enough. They told her on the phone to pay it even if it means getting an overdraft or get a credit card to put it on. I understand although this may be wrong that if you underpay tax, HMRC will adjust…
Tax Codes
Hi, I`m wondering if anyone can help: My husband worked for same company for 19 years and was made redundant on 4 September. Upto being made redundant his tax code was 818L At the end of September he was paid outstanding holiday pay and wages owing etc the tax code used was BR M1 (not sure what this means and why 818L…
Invoice paid to joint account
Very long time lurker, first time poster. Hello! Firstly, apologies if this is a naive question. My girlfriend and I are set to take on a freelance project together (we're in the same industry) for a client. The prospect of future projects is low, so I don't want to set up a Ltd company to trade since there are annual…
How to stop paying emergency tax without P45?
I started a job five weeks ago and got paid a week ago (paid monthly). I have had to pay emergency tax. I have not been able to give my new employer my most recent P45 as I can not get hold of it. How can I stop this emergency tax for future pay checks? Also, can I claim this month's emergency tax back already or should I…
A wee bit of tax advice please.
I've recently (few months ago) become self employed (joiner). I've been working as a sub contractor for a construction firm, I invoice them every month and 2 weeks later they pay me the full amount. I have a labourer who works with me and I pay him his full money and he deals with his own tax returns. The company have now…
Council Tax
Hi, Hopefully this is in the right place. Basically my parents have just bought a new property (a few month back). The property 2 bed bungalow, however it also has a annex attached. It's can be accessed through the main house and also there is a external door. This annex has been up a good few years. On the plans it's down…
Tax Rebate?
Sorry not sure if this is the best place to ask but know that mse'ers will be able to answer my question. I recently went back to work after being out of work for 6 months. My first two weeks pay (paid weekly) I was stopped emergency tax, they now have my tax code but this tax has not been rebated. Do I need to do…
810L Mth1
I'm on the above tax code but what I am wondering is, does this tax code mean that I am playing the right tax? My tax code should just be 810L but as they don't have details for the rest of the year, they have stuck me on this emergency code.
Submitting a return
Hi Guys, Ok I have a limited company and I need to submit a return. Can't afford to get an accountant to do it so was hoping I can get some help on here in terms of what I need to do. Where does the return get submitted too (is it HMRC)? What do I need to submit it? Pretty new to all of this so any help much appreciated.…
Starting as a sole trader, need equipment - how are monthly payment plans taxed?
Hi everyone. I'm about to become a self-employed IT contractor. I will need to buy myself a laptop to work on (used entirely for business purposes). However, I cannot afford to pay for one up-front, and so would like get one via finance, paying for it in monthly installments. I expect the payments to last two years,…
Tax Allowance for over 65
As i understand it the age related allowance is to be frozen until the under 65 tax allowance reaches parity, ie 10,500( current rate) This means that when this occurs someone over 65 will have the same tax code as those under 65 (given circumstances are the same) However the under 65 can earn up to 32k ( give or take)…
"Second" Job Tax??
I am employed by company A, work at company B's office. Working for two companies who have a joint interest and relationship. Company B pay half my wages to company A. Company A pay my wages in "full" to me. Company B are now paying me a monthly bonus of £500 on top of my salary. £500 is paid and £100 deducted in tax, so…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Cutting tax

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Cutting tax

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free