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Self assessment
Hi I am finding this really confusing as this is my first time completing anything. I submitted my self assessment which gave me a figure of tax I owe. Do I just go ahead and pay this or do HMRC contact me to say it is correct etc? As I only started my self employed business in March I only had a very small income so it is…
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Inheritance Tax in Spain
Hi, I am not sure if anyone will be able to answer this question but I will try. I was born in Spain from Spanish parents but I emigrated to the UK 13 years ago. My mum died a few years ago in Spain and we had to pay a lot to the local goverment for inheritance tax. My dad and me want to avoid or at least minimize this…
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Help, NI in two jobs.
Hi, I'm a fairly clever chap, but just can't work out how NI works with two jobs. Can someone explain, I'm afraid of overpaying! Here is my situation... Primary job - bring in roughly £2k after deductions per month which includes income tax and class 1 NI. Second job - bring in between £50 to £1500 per month (last year…
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Tax and agency work : How is this worked out ?
Having been made redundant from a well paid full time job in March I have now been offered circa two days a week agency work for up to around 6 months and this will be via an agency. My question is how does the agency work out what tax and NI is to be deducted if neither they nor I know how many days I will actually work…
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Been switched to basic rate on my main job
I'm employed on a 12 month contract which started in November 2012. My tax code at this company was 810L This month I've noticed that my tax code has changed to BR i.e basic rate. This is my main job and main source of income. I am however director of a company, which is just a company that I set-up to look for freelance…
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Claiming Tax Back
Overpaid tax in February because i paid emergency tax. Called HMRC this month and the advisor told me i would be getting the tax refunded in pay check. Pay check came and tax was not refunded. Called them again and a different advisor said she would issue a code to my employer - but they (HMRC) can't actually issue any…
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MSE News: Charity warns of 'bailiff boom' after council tax benefit cuts
"Citizens Advice says the number worried about paying council tax has 'rocketed' since Government reforms were introduced..." Read the full story: Charity warns of 'bailiff boom' after council tax benefit cuts Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all…
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self assessment software?
Hi Just enrolled and acivated my self assessment which is telling me to file my tax return for 2012-13 ( i was only self employed from end of feb 2013 as I am also employed. There is a list of reccomended commercial software...can anyone sugest which to use please? Thanks
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Working From Home: Tax Rebate etc
Hi all, I've performed a search on the forums but not found anything particularly relevant (which may well be my fault so I apologise if this has been answered already) I've just started employment working at home for an IT company and I'm aware that you can get a tax rebate for gas/electricity, c. £4 a week I believe, but…
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Business Mileage
Hi all, Sorry if this has been answered before but just wanted to spell out my situation. I an an IT Technician for the NHS so look after all the GP Surgeries and Hospitals in out locality using my OWN car. We do on average about 700 miles p/m currently claiming the below rates: Regular User: 44p per mile upto 9000 miles…
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Second Job - Help
Hello :) I have just joined up to be a consultant for Scentsy (similar idea to Avon/PartyLite) I have asked my sponsor to provide me with the info for registering a second job (as I have a Full-Time Job) but she has yet to give me anything. I really do not want to get on the wrong side of anyone so I am wondering if anyone…
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Which methods can I use to pay tax due?
Apologies if this has been covered elsewhere, couldn't find the answer when I searched. Up until now I've been quite stubborn in wanting to file my tax return on paper. This year the tax office didn't send me a return through the post, but sent a letter trying to get me to file online. I've had a look at their demo today,…
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employed but wanting tax deductions on cpd's
Hi, I have recently signed a fixed term contract of employment but I plan to maintain my own trade related skills (my employer wont pay so they have to be at my own expense). How can i go about making those cpd events tax deductible. So far i am not self employed and i do not fill out any self assessments (yet). Any…
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Self-employed - claim laptop under expense?
Hi all, Here's my situation. I'm a current part-time postgraduate student, also recently registered as self-employed, as an analyst/researcher/translator. As well as studying 2 days a week, I work for one company two days a week (in their office), and often freelance for other companies (from home) about 1 day a week.…
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Tax return following bankruptcy
Just wondering how to complete my tax return. I am self employed and was declared bankrupt last July. I've received a tax assessment to complete and I'm not sure how to go about completing it. Do I submit figures relating to my income following the bankruptcy? Would I attach a letter to the form explaining the situation?…
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HELP-Letter received today about VAT inspection
Help please !!!! Had a shock this morning with a letter from HMRC wanting info for VAT inspection wo see if we should be VAT registered., 2 years ago we did go over vat threshold by accident, but accountant seemed to think it would be ok, this year we went very close, profit is nothing like the turn over, im proper worried…
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Rent plus a Job
Hi, I was until recently simply letting out my house for income and with most of the tax allowance maintenance etc I ended up paying very little tax. I have since then established my own Ltd company (only me in it) and have a job now through an agency and a low but steady income. What are my best options to pay as little…
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HELP!! Company Car Tax
Hi, I am starting a new job on 3rd June:j and already understand that there will be tax implications :(due to a company car being part of the package. Question is this; I realise I need to now complete a tax return in April (I think) to declare this extra benefit. However, am I able to notify the taxman as soon as I start…
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Tax free incentives and child benefit
Hi everyone, Just need a little bit of clarification. I just got a new job, woohoo! pays 57k. Start in sept. Currently on 48k. I currently claim £243 a month childcare vouchers and pay 8.4% in pension contributions. Would my child benefit entitlements be based on income before or after the the pension/childcare tax breaks?…
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PAYE confusion
I hope someone can shed some light on this as I have been on hold with HMRC for about 7 hours over three separate days. I was working as a volunteer overseas for a few years I returned to England in December and started working. My tax code was 810L NONCU I have been paying between £400-600/month in tax which seemed like a…
