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2 different amounts of tax paid when earnings & code the same
I'm sure this must be ok but hoping someone can clear up the question of why. February - amount earned 1352.16 Tax Code - 870L PAYE Tax = £73.60 NI = £86.40 Student Loan = £3.00 March - amount earned 1352.16 Tax Code - 870L PAYE Tax = £125.20 NI = £86.40 Student Loan = £3.00 I know March has 3 more calendar days being the…
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National Insurance Contributions with variable pay
I've now received my final payslips for tax year 2012/13. I have two jobs, one with regular monthly pay and a second job which is paid weekly but is variable (BR tax code). Some weeks I earn nothing for the second job, other weeks I earn small amounts (not paying any NI) and some weeks I earn larger sums (paying NI). I've…
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my son's idea....
Hi all, Just found the site(first post) & think it is fantastic!!! Hope you can help me with this one though! My recently turned 16 year old student son, has had a very entrepreneurial outlook on life since an early age, & rather than work part-time for a pittance for somebody else, dearly wishes to start his own small web…
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Tax rebate for a job you did 6 years ago
Hello everyone, I wanted to ask something on behalf of my boyfriend who has just arrived in the UK, he's french. He used to live and work in London from October 2006 to February 2007, he was working in a restaurant but never had a NI number but he was still paying taxes, I guess they were using an emergency tax code. He…
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Pension and NI
Hello I have been told that I may be giving the tax man too much of my money and would like some advice please. I get an army pension of £500 per month and earn £25000 a year. I claim my pension tax free and the balance of my tax code goes against my salary. I am led to believe this is not as tax efficient with regards to…
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Income Tax Help
Hello All, I would appreciate your help in figuring out if I am owed a tax refund. My figures for this tax year are: Amount earned: 19552.83 Tax paid: 2512.88 NI paid: 1786.83 Thank you for your assistance.
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Whats this tax code
I work in an office as a receptionist and am a basic rate tax payer. Nothing else to add to that so... my payslip shows me paying a tax code of 769L. Surely this should be 810L for this tax year 12/13. Any thoughts or advice on what 769L is. Thanks
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Higher rate tax on interest from savings
Here's the situation - higher rate taxpayer for several years, just found out that interest on savings has to be explicitly declared to HMRC (must have been taxed at base rate, genuinely didn't realise the implications). Yes, I know - ignorance is no excuse. So, how to deal with this? Write directly to HMRC laying out the…
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Self Employed - ish
Hey guys, I've had some super advise here before so thank you for that :) Today I have a hopefully quick question about my husband's tax situation (can't face phoning HMRC today!). My huband is employed and pays tax through PAYE as usual but he runs a evening class for which he gets paid (about £40 each week). We're keen…
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TV licence payment options
With the monthly DD, does anyone know if they add on a surcharge? The website says they do for quarterly payments but I can't see anything for the monthly option.
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Help
Hi there Not sure if in right section but hope somebody can help, I have recently received a letter from hmrc asking for a p45 / p60 from last tax year for a certain employer who I worked for 3 months during the tax year, now I know i overpaid tax during the year so would be entitled to a tax rebate as I was on br tax code…
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Grandmother house tax band rise from D to G
Hi all, my Grandmother has just been informed that her council tax band is being upgraded from a D to a G. I was wondering whether anyone had tips on how to appeal as this seems pretty ridiculous to me? No work has been done on the house since 1991 so not sure of the reason (although admittedly D is quite low for what her…
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Why a BR Tax Code?
Hope someone can help as I am not up on tax codes and just see the tax deducted at the end of the month!! My other half has received a tax code notification through the post to say his tax code for 2013/2014 will be BR. His job is as and when and he has been working 37.5 hours per week since he started in November 2012.…
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Have I paid too much tax?
Hi, Sorry if i have posted this in the wrong place. I have just used various on-line tax calculators and according to them i have paid too much tax. My numbers are as follows £71910.30 total pay. £18646.40 Tax to date £4774.20 NI to date I pay 5% each month to my pension and when i put this into the calculator, it says i…
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Tax rebate question need help???
Hello this is a big question as its put me in a situation. I received a tax rebate 2 months ago with my the first letter of my name and my last name on the letter and cheque. Problem is I have now is I have someone else in my household with same ennitials and I has cashed the cheque and didn't even realise at the time. and…
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MSE News: Council tax benefit axe 'to hit 2.4 million families'
"Around 2.4 million families face an average hike in their council tax bills of £138 next week, according to a charity..." Read the full story: Council tax benefit axe 'to hit 2.4 million families' 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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New Tax Code and Bank Interest
Hi everyone I'm SE in a partnership, and with the new increased tax allowance coming into effect next month, if our taxable profits next year are similar to this year (business has been slow) we will be taken out of paying tax altogether. What I was wondering is - currently we pay tax (deducted at source) on any interest…
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Council Tax Band challenge
Hi all, first post I'm trying to challenge my council tax band. My main challenge point (I think) is I bought my home in the same month as the house next door but one. We paid the same amount in June 2006 (£250,000 Essex), although my house is a 4bed 3 storey, and that one is a 3bed 2 storey. My main point is if we paid…
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Tax situation with occasional work
Hello all, I retired at 60 with a private pension of about £12000. I don't yet get a State pension. I would like to do some occasional work (programming) for different companies who will no doubt want to pay me by cheque and also claim for my costs on their accounts. I only want to do the odd spell of work and don't really…
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Tax dates and start up losses
Hi, I started a new sole trader business in Jan 2013. I made a small profit of £450 so far, not including the start up costs for the previous year (£570). My other income in this tax year was only £2500K. Is it possible to carry the whole lot forward as a loss of £120 in the next tax year? Will any of this be screwed up if…
