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Looking for a new accountant
Do you have any suggestion of cheap accountant? I'm paying nearly £400 to an accountant who just fill in my self-assessment, annual return. I am currently ill but still have to file tax returns as I don't have money to closed the company and hence I have to keep it going. It's a very easy job for an accountant because…
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Any accountant on board?
How do I find out if I'm contracted-out or not? I need to choose NI category letter and rang up tax office but there is nobody available to give me assistance. I remember contracting out SERPS years ago, is that mean I'm still contracted out? Is that what it is? I've been paying myself below the personal allowance level so…
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Do I still need to pay Class 2 NI?
I'm self employed and currently paying Class 2 NI contributions. It's not a huge amount, but as the saying goes, every little helps. I filled out the HMRC form and today received my NI record that states I have paid 35 years NI contributions in full. So my questions are: 1) Do I still need to pay NI. I'm 52 and have worked…
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Self Assessment return and NI$
Hi Can anyone tell me if my National Insurance 4 gets calculated when I do my Self Assessment Tax Return. Or do I have to calculate and pay that separetly? The reason that I ask is that I noticed only the 20% tax taken out of my return. Also, how long does it take to receive the confirmation from HMRC that the return has…
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Can someone advise roughly what should be paid re: tax/NI?
Could anyone please give me an idea as to how much should be deducted PAYE for tax and NI for the following 2 amounts? Standard (not high rate) taxpayer. £690 £685 Thanks in advance if anyone can help.
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tax implications
My friend has recieved a letter from her employer informing her she has been undepaid for the last 3 years and they owe her £6700:j and it will be in her wage next month . Great she is thrilled but will she get hammered for tax an NI .
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MSE News: Are you due a tax rebate or do you owe cash? 5.5m paid wrong tax in 2012/13
"Three and a half million taxpayers will get tax refunds, typically between £350 and £500, between now and October. BUT another two million will be asked to cough up an average of between £400 and £500 as they have underpaid..." Read the full story: Are you due a tax rebate or do you owe cash? 5.5m paid wrong tax in…
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Paying the right Class of NIC - or (if legally possible) how to avoid it altogether!
Hi, I'm in my early 50's and retired due to ill-health. I've paid my 30 years of NIC and so pay no NIC on a company pension I receive. Obviously I don't do any paid work but I'm fortunate enough to receive additional annual payments from my ex-employer which are linked to the commercial success of products which I…
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HELP! Changing Tax Codes for 2nd Job!
Hi all, Looking for some advice! Two weeks ago, i started a 2nd job, which is now my main source of income and takes me over the personal allowance threshold of 949. However, my exsisting job which i have done for 9 years, which was my main source of income is now a secondry income as I only work a few hours a work in that…
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Praise for HMRC for once
We don't often see people praising HMRC staff on here so I thought I would take the opportunity to do so. I could have put it in Praise and Vents but because HMRC usually get little other than a hard time in here I thought it was worth posting here as a small balancing factor. I received a P2 yesterday as my 2012/3 return…
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Advice please re error in deductions / cumulative tax code
I wonder if anyone can help clarify something for me. I don’t think I’m that thick but I’m finding it very hard to understand a situation that’s arisen. The background is: I’m lucky enough to have a job and a decent occupational pension scheme. I’m paid a monthly salary and tax is deducted via PAYE. I’m getting to an age…
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P60 confusion
Hi, I've been on a BR and BRX tax code since September. I am a supply teacher with a few different jobs, so I get paid by two schools and an umbrella agency(for the supply agency work I do). Up until August I had been employed at a school full time. I have now received the 3 P60 but the one from the umbrella agency hasn't…
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Who assigns tax code for employee?
Hi, was wondering if anyone could clarify this for me: My daughter started work at her first job on 22nd March and is paid weekly. She filled in a P46 when she started. Her tax code on her wage slip is still 0T meaning she is being taxed on all her pay at 20%. She asked he employer why she was on emergency tax and they…
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Self-assessment question
Hi...am trying to be efficient and complete my OH's SA tax return for last year. Have one area of difficulty though, that I hope someone can help me with. He received a lump sum payment from an ex-employer pension scheme (left company several years ago) as they wound up the scheme so we chose the option of them sending us…
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corporation tax
My husband left a limited company as a director last September and has just been contacted by an existing director to pay a share of corporation tax owed for2011-2012, is he liable to pay even though he is no longer a director?
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claiming VAT refund (admin charges)
Hi A relative did some shopping here in the Uk whilst on holiday, and found out she could claim the 20% vat back as non resident...we went back to the shops today with reciept and passports to find out they dont give back the full 20%? They add an administration charge of almost 10% !! is this normal? i mean charging a few…
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CGT on inherited property
Hello friendly and brainy people, your help on the below would be greatly appreciated. I'm managing the sale of my mum's second property which has just gone under offer and wanted to understand roughly how much CGT she'd have to pay. The property belonged solely to her dad (my grandfather) until his passing on 25/12/97. He…
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Declaring tax on what is potentially a one off piece of work?
Hi all, I work full time in a public sector job, and around a year ago did some work for a friend’s business which he paid me and also sorted all of the tax for. But now he’s entered work full time and folded the company – and I’ve been approached to do just a small amount of work on the same project again. I’m just…
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Help please...
Hi Hope someone can please help with the following as I am just starting a new job and also doing consultancy work which I am self employed for so confused with all the tax and NI stuff, any advice would be helpful or comments Here goes.... I am a Nurse Practitioner starting employment with a GP practice earning about £45k…
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Self assessment working abroad
I'm a resident of Northern Ireland working in the Republic of Ireland. I pay income tax and PRSI in the Republic of Ireland (ROI). However, as I'm a resident of Northern Ireland, I'm obliged to complete a tax self assessment each year to HRMC. I understand that the Double Taxation agreement between ROI and the UK means…
