-
VAT on item from China
I recently bought a wig for my daughter (Cosplay) from what appeared to be a UK website. I was a bit taken aback that shipping was £12 but I ordered it anyway. I then started getting DHL emails and realised that it was being shipped from China. That wasn't a problem but when it eventually arrived, I was charged £10.25…
-
claiming mileage allowance
Hi. Firstly I apologise for the stupidity of my question. I have never claimed this before and have no understanding of the process. From may last year until this March I worked as a community carer using my own car. The company Paid me 22p a mile. I was told that I could claim for the rest of it through the tax office. I…
-
Company car - not used for business - tax implications
A year or so back i got a company car from my work for my wife(i dont have one). I am now being asked if i have used it for business or not as below. What would be the implications if i did or did not use it for business mileage "We need to ensure that the secondary vehicle you have through the Scheme is not used by…
-
Tax underpaid in 2010? Do I have to pay
I have just phoned HMRC as they have given me a tax code of 780L when the standard code is 944L for this year. After speaking to an incredibly unhelpful person on the phone it would appear this arises from 2010 when I had a number of short term jobs and it appears my employers have all used the same tax code meaning my I…
-
Tax return 'Payment on account'
I have started my tax return for the first time ever :think: I need to add in some benefits when i get my P11D, but the summary is as follows below. I have removed the actual figures. I get that i need to pay £A, But what is payments £B and £C and why is £C due July 2014? It looks like they are asking me to pay toward what…
-
Will I get a notice of what tax I paid in year 12/13 soon?
Hi folks, Just wondering if I will get a detailed notice of what tax I have paid in year 12/13 soon from HMRC? I got a notice of my tax code for year 13/14 last January but owed £780 pounds in tax from an underpayment for year 11/12, most of it was paid off last year but still have £288 to pay this year 13/14. I was on…
-
paid tax online
Hi, I paid what was owed to the HMRC online through the self assessment portal. This was done on Sunday. It is still showing the full amount and now it is saying I owe almost £1 more. How long does it take for the system to get updated? I printed out a reference number and everything....:(
-
Anything similar to R&D Tax Relief for small business?
Managed to get my company back a lot of money recently from HMRC using R&D Tax Relief. Is there anything similar to this or EIS that allows your company any sort of Tax Relief or lump sum paid back from HMRC? Hugely appreciated if anyone can help out. I've had a quick look around but have only found stuff on R&D and EIS so…
-
Changing accounting date - help please
Normal year end for a self employed decorator = 7 September. Client now wants to run accounts to 5 April 2013, but that would exceed the maximum basis period of 18 months. Instead, could he enter year end 7 September 2012 accounts on the 2012-13 Tax Return self employed page and then another self employed page on the…
-
Tax Code - Higher Rate
I currently earn just below the higher rate band (once the childcare vouchers are taken out). In July, I get an extra £1000 from a side job. This takes me above the band. In Sept, I get a 3k pay rise so will be well into the higher rate. How will my tax be worked out given that at present, my code is correct based on my…
-
taxation on rental property
Afternoon all! Ive skimmed the forums and found some useful stuff, but not exactly answering my query My Mrs has a property that is rented out - minimal mortgage of about £5K left IIRC.It is soley in her name as it is an inhertance from her parents She works, I do not since redundancy I would like to take the income into…
-
Self Employed, Pension and Tax Query.
Hi, I'm a little confused how pensions work in relation to tax, as I have just started a pension last tax year. My earning are through a company so I pay corp tax, then set my wage at below the threshold for the higher tax band on dividends, which is £32,010 plus 10%, plus my personal allowance, which gives me £41540 a…
-
Self Emplyed TAX Question
Hi guys, A friend of mine has been running a self employed business for a while now, not sure when she started but I would say about a year ago (maybe a bit less). She has never registered as self employed nor declared any of her money to HMRC. She works full time and pays tax that way. She has now received a Compliance…
-
Tax return and inheritance - please help
Cutting a long story short, I'm self employed and just returned my completed tax return. A family member has recently passed away and I've just been informed by executer that I'm a beneficiary of a small monthly pension. Payment started this month, but last months payment ( april's) will be added to this months payment. Is…
-
Capital Gains Tax advice
Xxxxxxxxxxxxxxxx
-
self assessment
Sorry to bother you guys, I have one last question (really stressed) If I am getting rid of my accountant, and I gave him power of attorney to act on my behalf in my tax affairs, is it enough to delete him as my agent in my online self assessment account on the hmrc website or do I have to do more than this? Thanks
-
self employed
I am curious about something, I am a sole trader and pay tax as self employed. If I ever close my business do I automatically lose my status as self employed? Or can I maintain this tax status, leave it dormant, if I want to set up a business in the future or work for other people but remain self employed? Because I went…
-
URGENT advice
Hi all hope i have posted in the right section!!! I have just discovered in general conversation that a friend of mine has NEVER received a Payee coding notice from HM revenue & customs. He left school and started work with his employer and has worked there every since. I have seen his wage slips and P60's. The P60 is…
-
self assesment and tax
Hi, I made a mistake in last years tax return. The HMRC sent me a letter saying that the amount outstanding was £1785. Which I agreed was the correct amount. Today when I logged on, I saw that this amount was in last years tax year (as it should be) and then a further amount of £899 is in this years tax. This is classed as…
-
can 1 partner of an limited liability partnership be another llc?
Can 1 partner of an limited liability partnership be another llc? And if so would it be faced with double the amount of corp tax?
