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My partners Tax Code
Can someone in the know please advise me before we phone the tax office? My partner has been working for a cleaning company part time for the last 6 years. She works 16 hours per week. Her annual income from this job is approx £7500 each year, give or take a hundred either side. She has no other job. She gets Child tax…
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Capital Allowances for Self Employed
Just wanted to clarify on capital allowances. Cars > 160g C02 emissions, previously claimed at 10% have now reduced to 8% in 2012-13? Cars < 160g C02 emissions, previouslyclaimed at 20% have no reduced to 18%? I’m aware of the hybrid allowance if the year end is other than 5.4.13. From 2013-14 the maximum C02 allowance…
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Splitting taxable income between tax years.
Hello. I'm a freelancer (sole trader) and I've just filled in my tax return for 12/13 to see how much I will have to pay in January 2014. In March of 2013 (tax year 12/13) I received a large chunk of income which has put me into a higher taxable rate. I've noticed that if I declare this income in the 13/14 tax year, then…
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End of year tax P87 form
Hi, Just looking for some confirmation that i am doing the correct things here. I am a mechanic. I have to provide my own tools for my job thus i am allowed to claim the tax back on my tools or "expenses" I found this out in Jan this year, so i did a tax return for the year 11-12 (as told to by HMRC) because my expenses…
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Help with self assessment and JSA
If a couple receives JSA for a couple of weeks as a couple where only one person has to find work due to children, what gets put on a self-assessment tax form? Say person A is the one who signs as the main claimant, and gets paid, but the self-assessment is filed for person B's business? Not sure if te entire JSA income is…
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Due Tax Refund, what to do?
I am due a tax refund for the year just gone as I was put on emergency tax. What do I need to send HMRC so they can sort it out? Is it quicker to send stuff myself or allow them to do it automatically from when my work sends end of year statement?
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Pensioner house sale tax query
Hi there Looking for an idea of the legal / tax responsibilities of an elderly relative who has just sold off a property which had been bequeathed to them a couple of years ago. The relative is a pensioner , claiming attendance allowance ,( with no other savings , small monthly income from pension ) the property was sold…
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Tax refund. Am I entitled?
Ok I'm not sure of whether I'm entitled or not so I'll just ask for a bit of advice. In August 2010-October 2010 my partner had a temporary job and earnt roughly 2500 during that period, the rest of the time he was on jsa, he was taxed roughly 300 during that time. I worked part time from October 2010 - August 2012 and…
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Tax position on new overseas letting
I have been reading the guidelines from hmrc on the tax due on a holiday letting overseas (outside EEA). I would appreciate your views: Property was bought Summer 2012. It is intended as a holiday home and holiday letting ie we bought it with the intention of letting it out and as a holiday place for ourselves. Our…
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Tax return
I work for a Shopfitting company and pay my tax through paye, I am also self employed so complete a tax return at the yr end. When I work for the Shopfitting company I receive an allowance in my wages of £13 per day towards meals and get 25p per mile paid in my wages for using my own vehicle because this goes in my wages I…
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Tax code query for student.
Son is 17 & at college & works part time. He used to work for a football club on match days only but recently started new job working 16 hours/wk & £4.50/hour. He completed a coding claim form at his old job so has not been taxed, he is paid in arrears & is still waiting for his P45. My question is at the moment while…
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Mortgage interest before property has a tenant
When claiming tax relief on mortgage interest for a property that is rented out, can your claim include interest incurred while the property was empty, being prepared for letting, and while a tenant was found? Or can you only claim for the period after the tenant moved in? Or is it some other date? Dates involved here…
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car tax -no registration certificate
Hi my 18 year old daughter bought her first car, a Clio, last March...both my daughter and the the seller signed the V5C registration certificate and the seller said he would send it off to DVLA, my daughter took the 'new keepers' slip the car was due for tax shortly afterwards and she was able to use the new keepers slip…
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Company Car help please!
Ok, so first time where i have actually had a choice on a company car. I am finding this a nightmare:D So, i have up to £320 per month to spend which must include maintenance and be based on 3 x 20000. So my questions are as follows: Is there are simple way of going about finding my ideal car or at least some way which…
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What were gifting/tax rules pre Finance Act 2006?
If a house was given by a parent to their child in 1988 and the parent continued to live in the house rent-free, and died in 1999, would this gift have counted as an asset of the deceased's estate for inheritance tax purposes? And what if the house had been sold in 1996, and the child had loaned the sale proceeds to the…
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VCTs and Capital gains
Some time back Dad had a capital gain and he avoided tax then by buying into a VCT. I now need to help him in his later life and his memory is not all it was. I know very little about VCTs so if anyone can help it would be appreciated. My dad now needs to spend some of his investments to help with his costs so will be…
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40% Income tax threshold- question
Hi everyone, this is probably a daft question with a blindingly obvious answer, but I'm a bit confused as to what exactly is the threshold at which you start paying 40% on your income. I was always under the impression that it was just north of £40k, like the Guardian say: - "The amount you need to earn before becoming a…
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Self Assessment Tax Return dispute
Hi everyone, I've got myself into a bit of a predicament, and am hoping to get some advice on how best to deal with this. In financial year April 2010 -2011 I submitted a zero tax return, only notifying them of what I'd been earning via PAYE during this time. However, I unintentionally missed out another employment I'd…
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end of year tax return
I have been trying to finish off my 2012-13 tax year for my company, trying to submit to hmrc online via their own basic tools package and am continually getting the message that the submission has failed as the server is busy.:mad: I would have thought that hmrc would increase capacity at this time. RTI now requires that…
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What next?
I have been asked by a family member to do their housework/cleaning - which I can do. It is only 2 hours a week - 10.00 per hour which is fine for me (I rather like housework). However I work 30 hours a week on quite a small salary and I am not sure what to do about tax etc. Is it still necessary to declare this, I don't…
