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Avoiding need to register for PAYE as an employer
If I was to employ someone say approx 10 hours per week would I need to register for PAYE as an employer. I do not want to go the route of having to fill in an end of year PAYE return that employers have to complete, listing all their staff and have to issue P60's etc. Surely, if I employ someone on minimum wage well below…
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Ex-pat with book royalties. Need to pay UK tax?
A relative emigrated to Italy about ten years ago. He has a permanent address there and a permanent salaried job, taxed by the Italian government at source. He is however still a UK citizen and has kept his UK bank account open. He recently had a book published and his UK publisher is paying royalties gross into his UK…
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Overseas property & UK tax
Back in 2005 we brought a property in Spain, very small mountain house with a bit of land for 60K (Euro's) with the intention to move out their, after buying and spending a lot of time out their doing it up it became apparent that this was not what we were looking for so in 2009 we decided to sell. As the global recession…
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Personal Tax Allowance Question
I have just received my tax code for the next tax year and it has spurred me into action over something that has been troubling me for a while. I have been working for the same company for over 15 years, including them going insolvent a couple of years ago, after which they started trading again. Now it is nearly ten years…
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Due a tax rebate??
Hi, This year so far I have earned TotGross YTD 49,238.40 and paid Tax paid YTD 10,420.43 Am I due a rebate?:o
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claiming for clothes
I am a service technician working with photocopiers my employer insists that we wear suits shirts and ties no ifs or buts. can I make a claim against my tax for these are they are a requirement by my employer. I also visit a refinery where I have to wear safety clothing, they wont supply me with a winter coat can I…
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Are expenses of attending client function tax deductable?
DH and I have a limited company. In December we were invited to one of our client's festive events - an evening do with a meal and some entertainment. We attended and did some useful networking. We had to travel, stay in a hotel and DH had to hire a dinner suit. We would not have done any of these things were it not for…
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Too late to claim back tax on savings interest for 2008/09?
As per the title, is it too late to claim back tax paid on savings interest for the tax year ending 2009? Using form R40, of course. HMRC website (http://www.hmrc.gov.uk/incometax/tax-free-interest.htm) says: I am assuming 2008-09 would be 5th April 2013, but as it is not listed, I thought I would ask here. The amount is…
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HELP understanding new tax code
Now pulling out my hair!! Received tax letter and it seems wrong called office even more confussed!! My Personal Allowence £9440 Medical Insurance. -£432 Outstanding Debt Restriction -£5669. -£6101 A tax free amount of. £3339 Tax code 333L You owe £1133.94 overpaid tax credit (dispute pending) we have written to you before…
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First end of year as self employed
Hi guys, as April fast approaches i now await my first self assessment form arriving. I have an accountant in place (although ive not spoken to her for almost 12 months!) but just wanted to check a couple of things and hoped someone here would be able to advise. Im a self employed dental therapist, and as such work in…
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Gift when self employed
Hi just hoping someone can answer my question , my other haf is self employed as a subcontractor on the cis scheme , so shortly we will be doing his self assessment . His mum gave us a gift of £5000 last year ( she gave all her chidren this amount ) will this need to be put down in his accounts anywhere ? Thanks Sunny
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Is this picture of CGT on second homes correct?
[FONT="]Hi! I am trying to help someone who has had a long and successful career in property, but this person is not exactly young anymore, they are well in to retirement age and although she is extremely confident in many areas, underlying this, she is increasingly being paralysed by worries surrounding what the tax…
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Gifting
Hey folks. Hope you can clarify something. I am trying to find out about the tax free gifts we can give/receive each year. I know the limit is £3k a person and that the allowance can be carried forward for a year if it isnt used. But here is the question Parent A and Parent B wish to give Child C £10k. This limit is under…
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What happens to tax if in full time employment and Registering as sole trader
Good afternoon all. I have a question about setting up as a sole trade while also being in full time work. I have been trying to wrap my head around this for some time now but just keep confusing my self. So I work fully time 37.5 hours a week. And I want to set up an online business. My start up money has been very small…
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Selling inherited land abroad and capital gains tax
INDIA-- INHERITED LAND SALE-- CGT I inherited some land from my grandfather in 1966 as per his Will and as per the Partition Deed he had made. My name was entered on the Land Record Extract 7/12 (indicates title to the land). In 1985, I made a registered Gift Deed and transferred the land to a registered Public…
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Definition of business miles?
I've recently swapped away from a company car to the company's car cash allowance provision, they also provide me with a fuel card which Im allowed to use for private mileage.(Within reason) As i understand it the balance of the fuel card is deemed a taxable benefit but I can claim business miles back at 45p per mile.(off…
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capital gains - property
My husband has owned a house for 7 years in which a family member has lived rent free. It cost £132,500 and we have accepted an offer of £157,000. I have calculated purchase and sale costs of £3873 and renovation costs of £4926.90 and have invoices to support this. That makes a gain of £15,700.10. Minus the capital gains…
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a little help
hey all, im about to start getting ready for my 1st self assessment tax return? do i have to have receipt for everything i wish to claim back on? i haven't kept hardly any fuel receipt's, also does anyone know a good resource site to tell me what i can actually claim back on? what % of mobile , internet costs etc? i work…
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Will I pay Capital Gains Tax? Confused
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Oil & gas engineer living in UK - self-employed overseas
A friend of mine lives in an EU country and works as a installation/ commissioning/training engineer for a company out there, but he will be moving back to the UK. He has the opportunity to still work for the same EU company but will become self-employed. His work takes him abroad, around the world, so he will likely be…
