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Adding one off extra income to my tax return
I complete a tax return for rental income. I work PAYE but this year I did some work for a company that was related to my job (which is for the council, I'm a teacher and did a one off job related to making teaching resources). It was a one off payment for one piece of work and I'd forgotten all about it until I'm suddenly…
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Self Assessment Help Please.
We have decided to complete our SA online without an accountant for 2011-12 I have all the paperwork that we need and other information except for a User ID and Password. Will our accountant that completed them previously have them or do we need to register again ourselves? Also if we had a rebate because of overpayment…
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Freelance earnings
Hi, I have a PAYE job and am also doing some freelance acting work through an agent. I have set up on line self assessment and am completing the forms for last year. I bought a scooter during the tax year and this is used part private and part business for getting two and from auditions etc. How much can I claim for this?.…
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Income Protection Insurance Tax Deductable?
Hi, I'm a long time lurker on MSE but now need to ask a question. I'm a self employer sole trader. For a number of years I have been making a monthly payment from my personal bank account to an insurance company to pay me an income should I become sick/injured and unable to work for an extended period. It has only just…
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Can I reclaim Income Tax if my earnings didn't exceed my personal tax allowance
Hi, Firstly this dates back to 2010 but I have the P45 & P60 forms and according to my P45 my 'Total pay to date was £6018.25' and 'Total tax to date £663.60 also stated is the tax code at leaving date which was 647L. (£6470) It doesn't actually say when I started work but I believe it early to mid February 2010 and left…
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Unexpected bill for Class 4 contributions for 2011-2012.. can anyone help?
Tax return first timer here. In the year 2011-2012 I earned £31499 in my Full time job (PAYE).... and earned £1899 in some freelance work. Dont have any other income from shares, big savings, property etc, and didnt have any expenses to claim. Yet at the end of my return I am being asked to pay £380 for 'Class 4 NIC and…
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Shares
Ive been awarded a number of shares from my company. Half are RSU`s (restricted stock units) and the others are stock options. Can anyone let me know how the TAX is calculated on these. I read somewhere that you can transfer the money into an ISA to aviod paying tax. Does anyone know if this is true. Thanks,
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Filing first Tax Return for Freelance work, do i need to include my FT job details?
Filing first Tax Return (for year 2011-12, leaving it late i know!) Im employed full time as my main job (paid via PAYE approx £29k per annum), and I have begun doing small freelance jobs in my spare time to earn a couple thousand. I was originally under the impression that I didnt need to include any of my FT job details…
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Capital Gains Tax calculation - worried
Hi, I am trying to work out how much capital gains tax (if any) i would have to pay if i decided to sell the apartment that I own. It is currently being advertised but i am worried that i will have to stump up for a large bill at the end. I bought my apartment in July 2001 for £47,000. I lived there until April 2008 where…
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Retired in this tax year so now what?
Hi, I'd be grateful for some advice please. I finished work end of May 2012 and my only income is my private pension. Apart from ISAs I have a savings accounts in my own name and also jointly with my husband. Other accounts have/will have matured during the tax year to 2013 and tax has already been deducted from interest…
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Council Tax Summons, Only one Reminder, Incorrect Postcode
Hi all, I have an on going issue with my council tax since my partner left and they changed my account to single person occupancy. The change meant a new account being setup, but they did not transfer the direct debt information. I received a 2nd payment reminder (this was actually the 1st reminder although it stated 2nd)…
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Tax Code
Hi Can anyone help me work out what my Tax code means please? I am sure I am paying too much tax. I started work in November after being on incapacity benefit for a long period of time. I estimated between April and November I had about £3500 in benefits, I am not sure exactly, but what I do know is that I did not use my…
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Council Tax - New 150% rate?
While flicking through the local free rag, before it becomes a bird cage liner, I noticed one of those small ads, that have to be advertised for legal reasons. It appeared to be a warning from my local authority that it intended to impose a 150% rate of council tax on empty property. Is this a new power to tax on the part…
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Dental Nurse - GDC & tax relief?
The wife is a dental nurse & has to pay some fee to the GDC every year. She's been told she could/could possibly get tax relief on this payment but hasn't really been told any more than this. Any dental nurses out there who know the ins & outs of this statement? Is it true? If so how would she go about it? Thanks.
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P800: Underpaid Tax
I've just received my P800 saying I have underpaid tax. I noticed that under 'Your income' it has my 'PAYE Income' but also 'Jobseekers allowance' with an amount of 1890. I haven't claimed for JSA or received the amount it states. I claimed for JSA back in October 2010 but it only lasted one week before they stopped it due…
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Expenses on Foreign Income
When working in Europe I was paying the taxes in the country, but to avoid double taxation I'm now filling in the foreign pages on my tax return. There is a dual taxation agreement, so it looks like I'll have to pay in both countries, and then claim back from the none UK one. But whilst working I was paid by my company…
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Income tax return?
I know nothing about it and google is not particularly helpful when you don't know what exactly you are looking for, so... I used to be employed by a private company in the UK between November 2010 and October 2011. I was receiving monthly payslips with PAYE information on it. Can I be owed overpaid tax (income tax, I…
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PhD Stipend (Tax Free) + Private Tuition Earnings Read more at http://www.taxationw
Hi there. I'm completely new to the income tax game, and I have a few questions regarding my situation at the moment. I'm currently a PhD student, and receive just over £13,500 as a PhD "stipend". This is tax free, and is paid to me by the University, although the funding for the PhD is provided to the university by a…
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Class 4 NI
I am a 63 year old self employed woman and have been paid my state pension since Feb 2010...when my accountant submitted my self assessment form on line it allowed my Class 4 NI payment to be paid....however I thought that you only paid this contribution for the tax year after you turned 60 then you did not pay it amymore.…
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Online Tax Payment Website Problem
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