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HMRC after money paid in error
I hope this is the right forum to be positing this in ... many apologies if not or if a similar thread's sorted this kind of query and I'm just too blind to see it ;) Also, I'm cross posting this to Taxation Web. Long story short ... Last year HMRC paid my wife a tax rebate of about £1300. Thinking nothing of it she took…
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Council Tax Payment
Hi Everyone, not sure if this is right place for this chat, so please advise me if it's wrong! To cut a long story short, when I first moved in my new flat in February, there was some confusion with council tax payments and 2 of them were late. This month, I though I had paid at the beginning of the month, but in fact had…
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Tax refund - self employed
Hi I'm after bit of advice please, my accountant filed my 2011/2012 tax return before the deadline date of 31st oct, he advised me I have already paid too much tax (on account) my profits were not nearly as much as I expected. He said they would refund me the extra I have paid. My question is do I need to Contact them to…
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Changing VAT on Storage units
I have to keep most of my possessions in a storage unit as I've had to have a dramatic downsize in accomodation. I received an answerphone message to say that as the VAT status of storage facilities has changed I now owe them money. I paid for 6 months storage at the 0% rate, that was correct at the time, expecting not to…
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New Car
I run a mobile chiropody business and have just bought a new car. This is also used for private use as well but during the week I clock up approximately 50 business miles a day. Can the cost (or part of it) of this new car be put down as tax relief?? I use the 45p a mile ruling when working out my expenditure Many thanks…
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Property Letting Loss
Hi, We have a property for let which lay empty for a good part of the last tax year due to extensive renovation works. The net result is a loss for the year as the expenditure exceeded the income. Can this loss be carried forward into the next, or back into the previous, tax year when the property was fully let? This is a…
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New to empolyment tax questions
First job, needed to ask a couple of questions. I have some saving with interest I don't pay tax on. If I have a total income of less than £8,105 (personal allowance) this tax year I wont pay income tax on my wages or any tax on my interest, correct? Will the income tax come off my earnings then I will have to claim it…
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Capital Gains tax
Hi, Not sure if this is in the right place but here it goes.. Four months ago a HMRC investigation was launched on me for not paying capital gains tax, something which I had never heard Of until the letter arrived. Im not to sure what is actually going as its confusing me and my sister is dealing with it for me, but here's…
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Tax for Living Abroad
I just wanted to get some advice on this board before I consult any tax consultants... Just to get an idea of what options are available to me. Basically, at the beginning of 2013 my company is shipping me and my family to China. We have signed up for 5 years (60 months). The question that I have arises from the fact of…
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Gift Aid
I fill in a tax return each year for income from property. It's suddenly occured to me that I usually tick the Gift Aid box when visiting the zoo and so on and I've never declared this on the return. I know I definitely pay enough tax as I work as well but could I get in trouble for not declaring Gift Aid? Thanks
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tax code
can anyone tell me what tax code ---- 878L W1 is please? its the W1 at the end i dont understand thank you
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Lunch Allowance
Hi, I have a one man band consultancy limited company. I work from home and visit clients subcontractor's offices. Am I entitled to claim daily expenses and how much without receipts? I was unable to find an answer on HMRC website. Many Thanks, :A
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Tax on live in accomodation
Hi, I recieved a tax underpayment letter from the HMRC a few weeks ago, telling me I had underpayed tax by nearly £1000. I phoned them and the told me it was due to tax being underpayed on an accomodation benefit from a previous live in job, over a period of 3 years. I worked as a chef in a pub and lived above. I did not…
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Sole Trader vs Limited company
Hi, Looking to go self-employed and wondering about the differences between a sole trader and a limited company. I plan to employ an accountant but would like to try and understand the process better first. I have interested clients that would employ me as a consultant on special projects. I expect to earn around £100,000…
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Paying back student loan on second income
Hi folks, I'm hoping somebody can offer a little bit of advice on this. I work full time and my student loan repayment of around £4 is taken from a wage of £1600 before tax and NI. However, I also have a second income for freelance work which I do which I pay my tax by the self assessment procedure. Usually my second…
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Foreign arising interest, 25 payments/day for 0.20 Euros each
I'm considering using a peer to peer lending investment based in Estonia, an EU member state. Interest on loans I make will be paid in Euros and I expect that I may receive on average 25 payments per day, each of about 0.20 Euros. Each payment may arrive at a different millisecond time. I expect to have to pay on arising…
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Tax rebate - Unsure
Hi All I am a bit confused and wondered if anyone could help me please. After been made redundant at the end of March this year I was on contributions based Job seekers allowance until last week as Ive just got a full time job, At Last!:j On my p45 from the jobcentre I have been paid 3400 and it says this is taxable…
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Allocation of payments by HMRC
Hi all, and apologies for any incorrectness as this is my first post. I have been self employed for several years and consequently complete self assessments via an Accountant. As with most, the past few years have been tough and this did lead to arrears with HMRC. However, I have been making regular monthly payments via…
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balliff / Someone trying to get me to accept a letter in person
Hello All im a newbie in the forum in search of some help I'm going through some stuff at the moment, in a nutshell, my company suffered a massive blow last year and had to cease trading, depsite all my best efforts i have been left with debts that I can ill afford, I have had countless debt letters and ccj's as a result…
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tax on redundancy payment
I am considering whether to take a voluntary redundancy offer. I know that the first 30k of any payment is tax free. What rate would the amount in excess of this be taxed at? I don't earn enough to pay higher tax rate but if I got my payment in this financial year the amount over 30k plus my other earnings for the year…
