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Is this some kind of fraud?
Hi, Bit worried. My son was recently offered a part-time job in a warehouse type environment over Christmas. He doesn't have a contract and they keep pushing back his first pay day (from the end of Nov to the end of Dec so far) but the main issue is that they refused to sort out a p46 for him or accept the one he printed…
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Paying NI after early retirement
Hi all, I have 40 year full class 1 NI contributions. I will soon be drawing a company Pension :beer: and have a few years on this till I reach state pension age. How do I go about getting my NI contributions on my company pension stopped ? Any body got experience of this ? Thanks.
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National Insurance - Small Earnings Excemption ??
Hi folks. Can anyone confirm that if i claim small earning exception on National Insurance payment whether this is classed as a "gap" and will have an affect on future benefits/pension etc or is it somehow made up ??
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Autumn statement 40% tax confusion
I've just moved into a brand new job which was a massive increase on previous salary buthas put me in 40% tax bracket. I know that 40% tax starts on earnings over £34,371 however the autum statement stays that "The threshold forthe 40% rate will rise by 1% in 2014 and again in 2015, from £41,450 to£41,865, and then to…
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Paying tax on second job
With my second job I still don't go over the allowance. Am i meant to be paying tax on this job? On job A I earn around 3000 a year. On job B I earn around 1000 a year. On this one I pay 20% tax.
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autumn statement tax codes question.
Hi all. Sorry if this is a stupid question. Mr O says that personal tax allowance will go up by £1335 next year. Does that mean my take home pay will be £111 more every month? I earn 30k a year. Thanks.
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national insurance and tax
do you know how tax and ni is calculated? Is national insurance deducted from your gross pay before tax is calculated or is the tax deducted first and then the ni is calculated? Thanks
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Director's loan
Hi, I am starting to learn about SAGE. Could you please give me instructions how to set up director's loan? Many thanks,
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20% VAT is crippling the economy
Every time I get a quote for something, these days, the price rises at the end by £2 in every £10! On larger home improvement work this becomes a substantial amount, making me think twice, not to do it or put it offin case the VAT rate drops. Here’s my thought…. Reduce VAT to Zero rated on all building improvement works.…
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Fiverr and VAT
Hi I run a business web based in the uK and get a lot of Fiverr.com gigs done for me. I was wondering if on my VAT return I can claim back vat on these transactions? It is a USA based company
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Over 65 age related tax allowance
I have read that for 2013/14 tax year the age related tax allowance is frozen at the current amount of £10500. What I can not find is whether the earnings limit of £25000, is to be frozen also or whether this is rising with cpi ? Can anyone help?
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Claiming business mileage back?
Hi, over the past few years I have used my own vehicle for occasional business trips and been paid a paltry 25p a mile. I now find that I can claim a tax rebate of 40p per mile (minus the 25p so 15 p a mile). I only do under 1000 miles a year like this, this year it will only be about 500. So how do I go about claiming…
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Self asssesment - Foreign Income
Hello, I am preparing my tax return for tax the year 2011-12 but can't get sure whether I should be doing it for some cash I brought from abroad to be spent in the UK. Money came from my father's properties through tenancy and was around £2500 for the whole year. Brought in cash and deposited into my UK bank account. I am…
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Student selling something - must they declare income?
Hello! I'd love some advice. I am self-employed. Just before the end of the last tax year - in late May 2012 - I bought the film rights to a story from someone who was a full-time student. They had no income and I paid them £3500 - so well under the tax threshold. We assumed at the time that this was fine - just like…
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offset interest against tax - remortgage
Hi, New to forum and after some advice. I have a number of properties that I let out. I used repayment mortgages and I have offset interest against tax for them. I am close to paying them off and want to remortgage, to no more than original buy price, and use the money for my own needs (not to fund more property…
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HMRC Self Assessment - Capital Allowances
Have been forced to enter figures under the following headings on my online Self Assessment for tax year ending April 2012: Annual Investment Allowance: Allowance for small balance of unrelieved expenditure: Other capital allowances: Total balancing charges Basically - What are they in 'real' terms? The guidance on HMRC…
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Underpayment of tax due to overpayment of benefit
Can anybody give me some advice. My boyfriend claimed incapacity benefit for two years and stupidly returned to work during that time, but didn't notify DWP. So he has an overpayment of £6300 to repay back to DWP which he is currently repaying. However, HMRC have said that he has underpaid tax of £2300 for these two years.…
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Self Employed Office Expenses
Some advise please: I am starting self employment in January and am trying to estimate my tax liability. I will be working from home 3 days each week. I have set up a desk in our spare bedroom from where I will mainly work from. What can I realistically claim as expenses for using my home as an office? Also can I claim…
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How is Class 4 NI Calculated?
Hello knowledgeable ones!! Can someone explain how Class 4 NI is calculated, specifically is it: INCOME LESS HMRC PERSONAL ALLOWANCE (IE £8,105) LESS ALLOWABLE EXPENSES LESS LOWER LIMIT THRESHOLD (£7,605) BALANCE @ 9% Or is HMRC personal allowance not deducted before calculating Class 4 NI?? Many thanks.
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Overlap between houses - double Council Tax?
Hi, My husband and I bought a house which is legally ours from 26/11/12. We are also in a rental contract on another house until 31/01/13, for which we have always paid the council tax. I just wanted to check whether we do have to pay full council tax for both properties during the overlap? We have completely vacated the…
