-
Tax calculations help needed please
Can someone help me with some calculations please I am going round in circles with these figures and not getting any where , Trying to work out if better of through PAYE/Umbrella So the figures are as follows Earnings to date for this tax year £2500. Nil tax paid. therefore way under taxable allowance so far. Umbrella…
-
Tax rebate - can someone please see if my calculations are correct?
Hi all, I'm trying to work out how much rebate I could possibly get if I quit my job now for the 2012/2013 tax year. At the moment if I continue to work at my current job, I'll finish up with a gross of £54,666 which means I would have paid about £11750 in taxes in 2012/2013. However if I quit around Dec and not work until…
-
Tax on wages
Hi i know im probably in the wrong forum but this is the one i come to most so hoping someone will point me in the right direction. I have been taxed a 3rd on my pay this week due to a bonus. Will i get this back and if so how? Was counting on the money for christmas shopping but have lost a chunk to the tax man :mad:
-
HMRC Won't accept my minimum payment offer
Please can someone help me. I have an underpaid tax bill of £2500 which I have fought and fought to clear to no avail. Was an error on both employer and HMRC but neither will admit. I have today contacted HMRC to offer a minimum repayment to help clear the debt. I am a single parent, work part time, and have about £50 a…
-
Question regarding tax/forms
Hi guys Hopefully Ive posted this in the correct section. Just looking for a little advice. Im a chef and have always been employed through company for the last 10 years, until earlier this year I left my job and joined an agency, I did some work through them and all taxes etc were paid through them Then I did more work…
-
Summons for Council Tax from 2001/2
I'm hoping that somone can help with this - it doesn't seem to have been covered elsewhere. Today husband and I each received a summons for Council Tax which we apparently didn't pay between Nov. 2001-March 2002. The council has added £45 costs to the amount they say we owe. We pay our Council Tax by direct debit and have…
-
Just an idea
we own the house we live in , and we have one other house that we rent out ( wife had it before we got married) As you are allowed to sell your home ( that you live in - and tax exempt ) is there anything stopping us selling our main family home and banking the money and moving into the smaller home, and declaring it our…
-
Mileage proof for claims.
Hi there, Do I need to get employees to provide mileage info of their car/van/scooter when claiming for mileage ? Will HMRC just accept it if I say we have paid this amount for mileage if it is backed up by our companies expense forms ? or should I be getting the employees, (and Boss!), to provide me with some proof ?…
-
Taxable benefits different tax rates
My wife and I are recently married currently expecting our first child. As money is going to be tighter we need to think about all our income and outgoings a bit more! I pay 40% tax whilst my wife pays 20%. We both work for companies which offer flexible benefits (such as healthcare, DC pension schemes). Is my logic…
-
Retired .... but still getting tax demands!
I have been retired now for 5 years and regularly receive tax demands for unpaid tax. On contacting the tax authority I have been told that as my SERPS state pension I receive exceeds my threshold of £10,500 per year I have to pay income tax out of my monthly private pension payments. Unfortunately these are not sufficient…
-
810L tax code
Hello all, No doubt I have posted this in the wrong section, so apologies in advance for that! wasn't sure where to put it. This is the first time I have used this forum. I am your standard paid employee. Is it better to have 810L N tax code or 810L C tax code? Many thanks in advance. Kind regards J.
-
Foreign Land Sale Tax
Morning everyone. My father's family inherited land from India and they have agreed to sell this recently. They are splitting up the dividends between family members. My father who is in Australia is looking at sending his share to me in Australia as a deposit for a house. At present he plans to take possession of the…
-
Tax relief on mileage
Hi If I was employed as a driver (in my own car) and got paid NMW plus 40p a mile expenses, do I have to pay income tax on the expenses too? I don't fully understand this paragraph from HMRC. What counts as a 'tax-deductible' expense? You can only get tax relief for business expenses you've paid for and if they were for…
-
Husband has received letter saying he owes tax man more money
Hi, I'm wondering if anyone here can help me. My husband has received a letter saying that he owes the tax man more money. He has always been employed and never self employed. Following advice found here on the forums, we wrote back saying that we believed that he had paid the correct tax as he has always been employed and…
-
Tax Advice
Hi, I registered as a sole trader a few years ago for my business i own (no employees) Just me that works on it. I live in the uk, born and raised. However recently ive been working on an online project which i intend to launch soon, and i wandered if i could get a second tax id? I don't want the same tax id as the…
-
question regards VAT
My wife works part time as a speech therapist. Recnetly she bought some trainigCDs from a company for the benefit of one of her clients' school. 9The school had lost the previous CDs and so had to buy rrplacements. The company only sell to regiustered therapists, and so my wife paid for them, gave them to the scheool and…
-
Do i transfer my residential to my btl?
I am having difficulty understanding the following so if anyone can help me i would appreciate it greatly! I have a Buy To Let property with a BTL mortgage. I also have a smallish mortgage of £45k. I have been told to pay this off and transfer it to my BTL property for tax effeciancy but I can't see how this will work when…
-
Council tax revaluation
Hi, I'm wondering if anyone has had success in getting the council tax band lowered on a new build house? We are band B (2-bed terrace in Co. Durham), which our landlord bought brand new for c. £90k in spring this year. Using the calculation tool on this site places the 1991 value below the band A threshold of £40k.…
-
Fuel Scale Charges and Commuting
I am employed as an investigator in the Civil Service and I use a Civil Service provided lease car. I pay a monthly lease charge and am allowed to use the vehicle for private journeys where appropraite. I am reimbursed at 0.12p a mile for any business mileage. I have a permanent office where I usually work from. I live 2…
-
tax relief on mortgage for rental property
I am about to buy an investment property as buy to let. I know that if I get a BTL mortgage I can write the interest off against tax but someone has told me I can do the same if I get the mortgage on my own house. Does anyone know if this is the case as I could get a better mortgage rate this way?
