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Non-resident for tax, coming home for mat leave
Not sure this is in the right place, but thanks in advance... I am non-resident for tax as I live in Africa, in full time employment with a European charity. I've been non-resident since October 2011 (split year treatment 11-12 then standard NR 12-13), and was also NR for the 08-09 tax year. I am expecting a baby, and want…
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Change of Tax Code
HI Can anyone help with this. I have a new tax coding notice for this year 2012/2013. It says 810L replaces 315L for 2012/2013. Does this mean I will get a tax rebate? Thanks
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Tax on selling shares from 'share save scheme'
Need an advice. When my old company was bought out by another company I had to sell the shares I acquired through the company share save scheme. I made a small profit. I am not sure how much and what kind of tax to pay on this. - Do I have to combine this income from profit with my salary and pay income tax for this…
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Calculating NI - slightly confused
Given the monthly salary of £2000 (not my actual salary amount) and being on NI category D (contracted out), how would we calculate the NI contributions? The HMRC website calculator (and my employer) would calculate this as £142.42. However, the rate is 12% (less 1.4% rebate) of salary over £634 per month, so I would make…
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Payment on account self assement tax......
Hi I was a self employed plumber! Iam just doing my tax return (late I know:o:o) for the years 2011-2012. this is tax on anything I've earned between April 11 and April 12 is that correct? According to the online calculator I owe £2166.18, they are then asking me for a further payment on account of £1083 bringing the total…
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why am I asked to fill in a self assessment form?
Hi Was wondering if I have anything to go back with for HMRC on this one. Every year I receive the self assessment reminder and constantly ask why am I being asked to fill this in... I think the reason is because I had my own business and maybe that could be the trigger but it no longer exists. Approx 9 years ago me and a…
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Self Assesment with Sole Trader
Hi im looking for some advice. Im a full time worker with an amazon / ebay business that I setup in November. Im going to do my first tax return this year. What im wondering is a) do the earning from the business get added onto my paye salary as im a sole trader. b) I've currently (according to my books) spent £2,800 on…
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paying rental tax through PAYE
How easy it it usually to do the above? So far I have kept my rent within the limits of the rent a room allowance but I am considering a slight increase from the new tax year in April to cover the increase in gas/electricity costs. I would therefore have to declare the money received in excess of the rent a room allowance.…
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Tax Code for 90 year old.
My relative is aged 90, their tax code for 2013/14 has just been received & the code has changed from 506Y to 96Y even though their income has only gone up in line with the usual pension increases. On the 2012/13 notification the state pension/benefits is estimated at £5595, on the 2013/2014 notification the state…
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Tax Exemption?
Hi Just moved into my first flat, its housing association and its just me and my 1 year old living here. Got my first letter about council tax today- I'm band A if that helps. I have an exemption form from my university as I'm study full-time, but not sure what to do? Do I have to pay anything? Do I just call up to explain…
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overpayment tax - claims company
I filled in a form provided via unison. the company undertaking the free evaluation wasn't unison - just a 'service' offered through unison. anyway - sent form off. Company said well we think you have paid too much tax, and they'll complete the process of claiming back the tax, obviously they take a percentage off each…
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Expense claim Reciepts
Hello Friends, while cleaning the house, I mistakenly disposed off a few receipts that I had used for expense claims in my tax returns. I think I have other means of proving most of these expenses (including corresponding bank transactions) but some were cash transactions.. I think I can provide alternative trace of…
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Closing bank account - tax accountability
Hi, I was using a business bank account last year for receiving payments from clients for a side business I'm running. I've recently started a new main job and want to close the side business. What are the implications of closing the business bank account? My main concern is if I close the account and 2 years HMRC want…
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Personal Tax Return - paid too much tax - refund due?
I did my personal tax return for 2011/12 last month, I had a limited company and it appeared that I had paid too much tax from my own company and then through PAYE in that tax year. When would I be likely to be due a tax refund?
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Endowment Policy - Deed of Variation
Hi all, I wondered if anyone could offer advice on the following. Unfortunately I lost my mother early last year and an endowment policy she had paid out to the surviving partner, her ex-husband, my father. The solicitor we are using explained that although the policy paid out to the surviving policy holder, my mother’s…
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riftuk.com. Anyone used them for mileage allowance refund?
Hi there. One of the guys I work with phoned up riftuk. They specialise in claiming back money for work fuel allounce that you maybe entitled to from the tax man. I had a look at there web site and it looks legit. Only thing is though, they take 28% of whatever they manage to claim, which I thought was a fairly high fee.…
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Paying Inheritance Tax
I have recently sent off IHT400 form and associated schedules. But I'm now totally baffled. Have just realised that I need to send off a cheque or something to pay the tax. On the actual IHT400 form I left the IHT calculation box blank so the inheritance tax people could work out how much I owe. I wasn't sure how to…
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Tax Refund on Inheritance 3k gift?
Hi If I give my two children 3K each (the limit for Inheritance whilst I am alive) - can i claim tax relief on this?
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Money spent to get a property ready to rent out
We are helping DD prepare her flat to rent out. Having had it for 9 years, she felt that a few things needed repaired or renewed. 1. All walls repainted. 2. Carpets in hallway and bathroom replaced with vinyl laminate. 3. Leak in boiler, not economical to repair as 12 years old, so new boiler about to be installed. Flat…
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tax code conundrum
wondered if anyone can help with a tax code as unsure if it is correct I had to retire early through ill health and disability I have a work pension and a private pension plus contribution based incapacity benefit, which breaks down as follows: work annual pension £3772.56 annual private pension £342.89 ( I know a joke…
