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P800 and wrong P45 information
I recently received a P800 which showed an underpayment for 2011/12 tax year. The PAYE Income for the year was higher than I understood I had received - it was a convoluted year in which I had 3 jobs. Employer 1 salary £40k/a from 05/04/11 - 03/06/11 (taxable income £6190) Employer 2 salary £38.5k/a from 06/06/11 -…
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Married tax
Hello Does the married tax allowance still exist? I am in full time employment and my wife is a stay at home mum currently! Are there any tax breaks we can apply for because we are married? Thanks
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tax and divorce
hi, hope someone can help me out. When 2 people get divorced are they treated as separate individuals for tax purposes from the time the divorce is final? My ex and I split last year and divided the proceeds of a house sale between us shortly afterwards, and signed an agreement to the effect that we were both happy with…
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working out new salary post-april
Just got new tax code through and want to see what difference it will make. How can i work it out? I know I can take the tax free allowance away from the salary and know that I'll pay 20% in tax on the rest after taking pension contributions away. But how do i work out the NI contribution and at what point in the…
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how much and what can you claim when you rent
out a house? if you have credit card debts can these be debited in any way or taken into account when calculating things?
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Age related personal allowance
Am I correct in thinking that if x (female) turns 65 in Feb this year, she will get the increased PA for the whole tax year?
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Underpaid tax?
I beleive if you under pay tax this year the HMRC will reduce your tax code for the following year? However what happens if you under pay tax this year but will not be earning enough to pay tax (paye) in the next financial year?
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Filed SA return, when will refund be sent?
I filed a tax return (worked as a sole trader) and I'm due a refund as I have paid too much tax. When are repayments usually issued? I filed online towards the end of January. Any tips would be great.
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Help with VAT for fuel merchant
Hi I've a friend who has set up as a fuel merchant at the side of a yard selling coal and drums of oil. He qualifies for de minimis charging of vat by the wholesalers on his purchases ie he buys under a set figure on each occassion. However, he was told by one of his dealers' reps that it is not always necessary to…
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I have 2 Jobs And earn less than 8K a year
Hi, I would like some advice about my tax, i currently work 2 jobs both at £6.19ph My main job at a newsagents I get paid £5660 a year and my other job at a night club i get £1250 a year but i found out that i've been paying about £8 a week Tax on my Nightclub job, is this correct even though i earn under 8k a year the max…
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Tax Code Query
Sorry to start a new tread. My question is different from others. I complete Self Assessment each year as I use a Lease Car for travelling for work purposes. Each year distance travelled tends to get slightly less by about 3 - 400 miles. In 10/11, I had an under payment of £700. A bit of a shock, paid and assume the…
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Exemption from previous years NI contributions?
I registered in September 2012 as self employed, however i had been self employed since April 2009. I didn't earn enough to pay tax, i was just very disorganised getting myself registered etc. Anyway, everything is completely sorted now apart from my national insurance contributions. I phoned and requested that a bill be…
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MSE News: Council tax bills can be spread over a year from April
"Households will soon be able to spread council tax payments over the full tax year, rather than the current 10 months..." Read the full story: Council tax bills can be spread over a year from April Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our…
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Carrying some earnings into next financial year?
Hi all, As per the end of January 2013 I have earned £41,700 this financial year. My tax code is 818L. Over the next 2 months (Feb & March 2013 pay) I shall earn another £5000 basic wages. This will take me to a year 2012-13 earning total of £46,700. By this stage I am in the 40% tax bracket I believe. I have several…
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Employers P11D Mistakes
I am retired but still receive Medical Insurance cover from my ex-employer that's declared by them annually to HMRC on a P11D. In addition, prior to the start of a new tax year, my ex-employer tells me the cost of the insurance for the next 12 months and I notify HMRC accordingly. However for the last 3 years the amount…
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Update of 2011 - 2012 self assessment
Hi all, I need to make an update of my 2011-2012 self assessment form since I have forgotten to add the income received from few months employment abroad. The deadline of payment for 2011-2012 was 31 January 2013 but in addition to be late for the update (due to my sickness since December 2013) , I do not presently have…
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Travel expenses while employed abroad
Hi all, I have worked for 5 months as an employee of an oversea company and was leaving in hostels for this purpose. I would like to know how much travel expenses I can deduct from the income tax. Ps : It will be really useful if someone could explain how to use the 'scale rate expenses" (at this page :…
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Redundancy payment & 40% tax
My husband is shortly to be made redundant and part of his redundancy payment £18k falls into the 40% tax bracket. He does not intend to work anymore (aged 52.5 years) and intends to draw his occupational pension at 55. To try to claw the tax back. Is it a good idea to place £10.8k (+ tax back) in a sipp giving a total of…
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Gifting my mother
Hey everyone I just have a quick query about tax liabilities. I am no tax expert so I do apologise if this is a ridiculous question ;) My sister and I are looking at giving our mum £10,000 each to help her out financially (£20,000 in total - sorry I know some of you will roll your eyes at me for stating the obvious). We…
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filling out a p97 form ......help needed please
Hi Everyone, I am caring for people in there own homes so travel home to home. My employer doesn't pay anything for my petrol/travel cost since 1st Aug 2012. So I am attempting to fill out a P97 form to claim this back. Have I filled it out correctly please. business mileage = 2275 2275x 045p =£1023.75 so I ask for…
