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Is hubby due a tax rebate?
Wondering if hubby is due a tax rebate. Up until July last year he was receiving Incapacity benefit and he also has an occupational health pension from a previous employer, on which he was taxed, because I presume of the combined IB and pension. He has received a new tax code for April which says that he can receive £790…
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self assessment-BTL
Hi Just looking for some advice before speaking with HMRC. my properties are due to be repossessed shortly, and im wondering how to fill the tax return. Theyve been empty the current tax year, so the gross income/rent will be 0. The outgoing i.e the interest payment of loans, if i havent made any monthly payments, will…
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Tax refund - wrong figure?
I don't normally frequent this board, but wondered if I could tap into the wisdom here, please? I received a letter from HMRC this morning (apparently a form 'P800') informing me that I was due a refund of around £900 in overpaid income tax for last year. This surprised me, as I left work to become a full-time carer (and…
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Will I need to fill in a tax return
Hi, thanks in advance. I'm about to inherit quite a bit of money, I'm going to split it between pension, investments through Hargreave Lansdown (Investment ISA, and several funds), cash Isa's and potentially savings accounts. I have a job and am PAYE. I've never filled in a tax return as it hasn't been necessary. Will I…
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Are my MIL & FIL paying too much tax?
Hi...My mother in law and hubby are both in 80's and I believe they pay uneccesary tax. He has RAF + state pension + a small pension from job after leaving RAF...I presume these are all taxed at basic rate at source?...She gets only a part state pension...she rarely worked..... savings( probably not too much.) She…
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tax return sole trader to CIS. 2 UTR codes HELP!!!!!!!!!!!!
hey all just doing my S.E. tax return for 11/12 (late.. yes i know) i had a building business that i started in 2011, started well but work tailed of towards end of the summer so i had to look for subcontract work... started on a site groundworking in september. on the first week had a call from wages dept of firm i was…
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Lottery UK
Can anyone tell me please? I have looked around on the net and the Lottery site but all the info relates to the winners themselves being tax free. I often wonder about those people that win the UK lottery and then give large sums to family members. Do the family members then have a tax liability on the £1000000 that mum…
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Income tax situation for 3 jobs?
Please can someone help as I’m finding the tax situation I’m in very confusing. I’ve been doing a part-time job (Job 1) for the past 10 years teaching a French club for little kids. It’s term-time only and once a week so it only pays £450 per year. I’ve always assumed I didn’t need to declare it for tax as it was my only…
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New Tax on Fund Rebates - Whats the effect for non tax payer?
HMRC have announced that from 6 April 2013 any fund rebates/loyalty bonuses such as those paid by Hargreaves Lansdown that are not related to an ISA or SIPP are to be taxed and the tax has to be deducted at source. HM Revenue & Customs' April 2013 statement: "The payments made to investors are (in tax terminology) 'annual…
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Self employment - computer/IT expenses
Hi all, Starting to put together my 2012/2013 accounts and getting confused over what I can claim for IT equipment. I've read something about short life allowances and that you can't claim the full value... I'm confused now! Can someone clarify? In jist I'm a part time SE photographer, and have in 2012/2013 purchased an…
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Inheritance Tax. Who pays and how much?
Hi I am being left a house in a friend's will. The total estate will probably be around £500,000 with the house in the region of half that. At first I assumed I would have to sell it to pay inheritance tax at 40% but unless I have completely mis read the HMRC website, I think I had this wrong. As I understand it now the…
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What does the tax code D0 CUMUL mean?
My OH has two PAYE employers, both on permanent contracts. 1. He does a 0.8 job for one and for the tax year 2012-2013 was on 702L CUMUL. This year they have put this job on 179L CUMUL. 2. He does a 0.35 job for the other one and for the tax year 2012-2013 was on D0 CUMUL. This year they have put this job on BR. Please can…
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Advice regarding reclaiming tax overpaid
Evening, In the past 12 months I've had 1 JSA claim and 3 jobs. When I started working for my 2nd employer I paid the basic rate for tax for the first 2 salary payments. At the time this was my only job and therefore should have received my Tax Free Allowance. It was all sorted and I was on the correct code but no sign of…
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Are Employers National Insurance contribution allowances cumulative?
I work as a contractor through an umbrella company. I am contracted to be paid weekly and work a "normal" full time pattern 37.5 hours per week. The umbrella company pay me for this work at different intervals, sometimes one payslip every two weeks with 37.5hours x 2 weeks, sometimes one payslip once a month etc with all…
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Tax advice on renting please
Hello there. My wife and I are about to begin a year long tour of the UK and Europe in our motorhome. We have recruited a local estate agent to find some tenants for our property, and are in the latter stages of sorting this out. I am currently in receipt of an occupational pension amounting to 19k per year. My wife will…
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overpaid NI
Using google to find an online calculator, I think I have paid £160 too much NI in 2012/13 and £150 too much tax. Using another calculator it says £160 too much NI but £4 underpaid tax. Is there a reliable calculator out there to check it? Whats the best way to go about reclaiming it?
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What Tax Code should I be on?
I feel like I am constantly asking questions on this board these days :rotfl: Anyway, first pay slip of April. Taxed more than I thought, my code is 810L. I am a new employee, but there is also a old employee who was on 810L last tax year, and this tax year, who is also being taxed more than they used to which is why I'm…
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Do I pay tax on a home I sell that is left in a Will?
If someone who is not a relative leaves me their home on their death and I sell it, do I pay tax on the sale? This would be their only asset so no inheritance tax. Thanks
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Tax return help please
Hi I'm trying to complete my tax return. In the year in question I had 2 jobs, overlapping by a month in the middle. My question relates to the 2nd of those jobs. I travelled 2,790 miles purrely for business that year. I was paid 23p per mile - a total of £641.50 which has been accounted for with my wages and taxed…
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New tax allowace
Hi I've been paid for my April month today. When does the new tax allowance come into play? I would expect you get slightly more in my wage after tax?
