-
New job and tax
Hi Not sure if I'm posting this in the right place, but feel free to move if so. I took redundancy from my old job and left at the end of Feb. I started my new job on 1st July. I've just been paid for the first time and paid no tax?! When I queried this with HR they said that as I hadn't worked yet this tax year I wouldn't…
-
Paying Tax on backdated Pension Income
Dear Forum Members, Does anyone know the answers to the following questions? I was widowed in October 2009 and due to the fact that I had lodged various complaints with the FSA against my late husband's private pension provider regarding their maladministration (complaints upheld), the pension payments due were not paid…
-
Charegable gains and personal allowance revisited - a nasty shock
Apologies to anyone likely to be offended by moaning by someone clearly about to received a large sum of money. But I'm assuming that MSE is an equal opportunity forum, so here goes... My father died late last year, aged 94. He had taken out non-qualifying polices 27 years earlier, placed in trust for my sister and myself…
-
Womans National Inurance on Retirement
My partner reached retirement age in December 2011, But her Retirement date is September 2013, which is 1 year, 8 months, 26 days after her 60th Birthday. We read somewhere recently that she would only have to pay National Insurance for 1 year 7 months, which would be mid July. Can anyone verify that this is correct, We…
-
Can i claim self employment expenses even if i do not pay tax?
I have a self assessment to fill in and for the last tax year i earned around £5000 for the year whilst being a self employed independent contractor. I did around 30 hours a week and all the work was over the internet. I know i have an option to go for the £4 a week or i can do everything manually and claim a portion of…
-
capital gains query
hi , brother and i have been granted probate on parents old house , brother is not to well and would like an easy sale, i would like to buy his half ,tidy the house up and sell later , if i bought it as i understand it i would have a capital gains allowance of 10600, if i where to transfer half to the the wife we would…
-
Another CGT question
I will be seeking from professional advice, but I would like to ask this question to gain some early information. My father died in Feb 2012 and I have inherited the house (deeds are now in my name). The house is worth around £140k in it's current state. My current plan is to renovate the house which will cost around £50k…
-
HMRC now owe my OH!!!
On going saga which I posted about a while back. My partner was paying way too much tax. HMRC eventually looked into and agreed with him (after a positive meeting with them) he's just had a cheque for £1100 which was brilliant. Also given a new tax code of 221T for 2013-14. He has a company car + bus/private fuel. We were…
-
Refund question please.
Hi folks My hubby was successful in making a claim for uniform tax, so had his new tax code last week where they reduced £60 from the yearly amount 2013-14.(standard rate). They are backdating from about 2010. Now yesterday he received P800 tax calculation 2012-13 to say he was due £74 from an overpayment for 2012-13,…
-
Freelancer - saving for tax
Hi all, After years of contract work I finally went properly freelance in April of this year. I'm still trying to establish myself so I haven't made masses of money. However as I start to get more work I am going to have to make sure I save enough for the tax-man to take his share. If there are any established freelancers…
-
Help!! Tax Office I say I owe a fortune
Morning my friends I do hope someone can help :o I have just had a letter from hmrc saying I owe over £1,100 in tax due to my second employer (part time job) not paying enough, so I assume they didn't put me on the correct tax code. What can I do? I certainly cannot afford to pay it. It says on the letter that they will…
-
Employer error?
Hi all, I've recently received a P800 saying I owe over £800 of underpaid tax. I moved jobs in July last year. I've checked through my payslips and P60 and spoken to my previous employers. It seems that they took tax from me correctly, and then failed to make me a leaver when I left in July. They didn't make me a leaver or…
-
andica
i wonder if someone can advise please. i have to fill in my partneship tax return online and have looked at andica, it is for sale for £14.95, but it looks as though you can only use it for one tax year, does anyone know if that is right? would i need to purchase it each year in order to fill out the return? thanks Bill
-
Deleted post
Posted twice in error
-
Business mileage reclaim
Hi all, gone through many threads and am finding different responses to the issue I have. Basically I only get 34p a mile for using my car for work. I submitted a p87 for the difference between what the company had paid me(tax free) for last year and received a cheque and an adjustment to my tax code which by April next…
-
Anonymous tax evasion reporting
Does anybody know how effective the tax evasion reporting form on the HMRC website actually is? Do they always look into it and do something about it or is it likely to get ignored? I know for a fact that a person I know does work under a business name cash in hand without paying tax (not registered as a business or…
-
New landlord-can I set up property management but still own flat personally?
I've read threads about landlords transferring properties into a company name which means limited company collects rent and landlord takes a small monthly management wage and dividends throughout the year. My query is... We own our flat (mortgage) but are both higher rate tax payers. Buying a new house and need the rent…
-
Mortgage & tax problem
We're downsizing to help our student daughters by buying them a London flat. How can we find someone to give us advice on the tax implications as well as the best solution for buying two properties. We can only find tax experts or mortgage brokers no one seems to be able to answer both questions.
-
Transferring Property income to wife to avoid 40%. Is this possible?
Hi All, I'm currently in the 40% tax bracket whilst my wife is well below it. We earn some income from property which we jointly own. Someone mentioned that I should be able to effectively allocate the full property investment income to her 100% rather than 50/50 as has been done in tax returns in the past. Does anyone…
-
Income tax
I receive my personal allowance on income from a works pension £15000pa, I also have a full job £35000pa and I am paying the income tax using the BR code. I have just received a letter form the Tax Office and I have not paid enough income tax for 2012-13. Is there a better way for me to pay my income tax?
