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stamp duty. any legitimate ways to avoid it?
seems incredibly steep these days - even the 4% is nasty at a min of £20k
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if i am an employee paying PAYE is it possible to
to set up a company, resign from employment and be a contractor, invoicing the company the equivalent of my salary and then, making a partner the company secretary to deal with all the admin of the company and pay the company secretary a salary? this way we can benefit from two tax free allowances, rather than one. of…
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Can I opt to not make any payments on account?
My mistake sorry, I missed the option on the form.
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Avon - HMRC
Hi, I was wondering if any money made from selling Avon would be subject to tax? I also have a full time job and get WTC so income is prob about 12,000 per annum in total.
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Tax question
Im self employed and If I work and earn money this tax year but don't actually receive it until the next tax year, which year do I put it in my books as?
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I have a full time job I pay tax on, and stating up a self employed part time. tax?
Im full time employed paying normal tax and NI, but setting up a small wood carving business part time evenings and weekends, self employed. What, how and if.. I pay/declare tax on this income? Ive no idea. Many Thanks for help
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Businesses warned over late VAT returns
Businesses warned over late VAT returns If your business is registered for VAT but not up to date with VAT returns, you’re being given the chance to come forward now under the HM Revenue and Customs (HMRC) VAT Outstanding Returns campaign. Businesses are being given a chance to get up to date with their returns and pay the…
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Travel Tax Relief
Hi All, I work self employed at a few different venues each week, these are the same places each week on different days. For example, I always work at place A on a Thursday, place B on a Saturday etc. Now I use my car to trave to and from these places of work, this is about 15 miles there and 15 miles back. Would I be able…
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Child benefit and salary sacrifice car scheme. help please.
Hi as a result of the recent changes to child benefit my family will lose all entitlements. We are trying to mitigate this by utilising a salary sacrifice car scheme. Hmrc have been use full as usual so I thought I would seek some alternative help! I shall round up figures for ease of calculations. Gross salary 65000 Final…
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Self Assessment - losses carried forward
Hi there, hoping to get advice on dreaded SA... The story is about income from property, Basically in: 2010 - 2011: I made about 5k loss, needed to replace bathroom and boiler... 2011 - 2012: I'm looking at around £3k profit. This is my only income in this tax year, so really I've got £7,500 to tax free allowance to 'use…
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Only just in higher rate bracket- minimising?
Hi there, I recently got a pay rise which will kick in later this month. Upon plugging in my details to listentotaxman.com to get an idea of the breakdown, I noticed that because of various deductions, I will only just be paying higher rate. My gross salary will be £46k pa, but I have a lot of student loan outstanding…
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Non HMRC Tax return software
So having lived out of the country for 6 years I returned to live and work in the UK and was bombarded with 4 tax return requests within a month of starting work! :T Having spoken to HMRC, it seems that PWC managed to tick a box in my ultimate return which led them to expect a tax return each subsequent year from me- I'd…
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travel allowance and tax
Hi . hopefully someone can help . I work away from home on a two on two off rota . I get an allowance to cover travel and hotel expenses which i inccur when i travekl to the point of departure which is based on three bands depending how far away from the airport you live . For a number of years this was on my opay slip as…
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Self Assessment - Previous Years Mileage
Hello I am in the process of finishing my SA for 2011/12. I will be claiming tax relief on mileage for the year. I also have previous years' mileage yet to claim. I am still within the time to claim it.... ...but I don't know how? Do I just add the expenses all together and submit that single figure in my 2011/12 SA? Or do…
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Self Assesment advice
Hi, I have a small online business and this time last year I had an accountants do my self assesment so have never done it before. My earnings were tiny for the year I need to do the tax return for now, so I want to do it myself. I have just registered on the site, and I tihnk it means I have to wait 7 days now for a…
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100K threshold question.
Hi there, sorry if this has been asked already, but I scrolled through 10 pages of this forum looking for something similar and couldn't find! I'm fortunate enough to be a position where this year it looks like I might go through the 100k barrier (due to a large bonus which took me to 86K gross in total and I still have…
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Reduce capital gains?
Hi, are there any further ways of reducing capital gains on the build and sale of a property? I'm simply planning on using the full build costs plus the allowance of two people but I wondered if there are other things I can take in to account? Many Thanks
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Self Assessment - Reed wrong tax code!
I'm completing a self assessment form for £90 earnings alongside my other PAYE work but am being told I could owe £1k in tax by being on the wrong tax code 804L. I can't seem to find anyone who can help. My earnings had a type of tax relief in the form of reed travel benefit but because this reduces the amount of tax you…
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rent a room and tax evasion
Enquiry has been removed
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Can I combine the Personal Income tax free allowance and Capital Gains Tax?
Hi, I have a question, hope someone might be able to help... I am out of work but not drawing a pension so I have no income (apart from small interest/dividend income from savings/investments). But, I have some shares sitting on a large capital gain. I want to sell these and know I have the CGT tax free allowance of…
