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Advice when accountants not submitted SA
My husband worked on a Self employed basis with an agency and was paid through an umbrella firm who was supposed to submit returns, he left in October 2012 and went on to PAYE. We are now getting letter from HMRC to say that no returns where submitted for 2011-2012 and the fine is now up to £440 and growing. I have tried…
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NI contributions
I have just been made redundant from my main job & in my second job (which will now become my main job) I dont earn enough on PAYE to pay NI. I already self assess due to other income but do I need to start paying class 2 contributions?
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I am 99% sure that it's scam, just want to make it 100%
From: HM Revenue Customs [customs@gov.uk] (I know it's easy to fake)
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Capital Gains Tax (CGT) - Any liability?
Hello all, I recently received a letter from HMRC advising that they are currently undertaking a campaign on CGT from property sales. They note that I might be liable for CGT from a property I have sold. I have looked at the advice on the HMRC website, including the 'Private Residence Relief' (PPR) Helpsheet, and I am…
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Wrong Address / Fines
Hi guys Need some advice. I was part of a partnership during 2010/2011 while holding full-time job, with a few people from work. Anyway, we made zero profit and decided to cease trading. We sent the Partnership tax returns and my own self-assessment forms around that time, march 2011 and letter saying that I'm no longer…
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Paying import VAT if self employed?
Hi guys, Just after a bit of advice - I am a freelance videographer and I recently used Ebay to purchase some camera equipment from a seller in Canada (Value around £280) I have just received a letter from customs saying they wont release my package until I pay Import VAT of £69.45 + Clearance fee of £13.50. As this…
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BR tax Code on new job what to do?
Hopfully a quick one in relation to PAYE and Tax Code. so here goes i have just started a new job in May this year. before starting my new job I had my main job as Admin for NHS, and I also had a 2nd job with within the NHS (same building just different department no relation to each other) which was/is agency work. so i…
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CGT (loss) on previous residence that was let out
I sold a house that I previously lived in for a few years, and then subsequently let out for 2 years, before selling (within the third year) of moving out. I made a loss on both the original purchase price of the house (irrelevant ...probably), and an approximate loss of £5K (before solicitors and estate agents fees) on…
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Paying 40% Tax
As the 40% tax band has been lowered I may now be affected by this but I am not 100% sure how it will work... I am on hourly rate and paid weekly and my basic pay is under the higher tax bracket. However, I do quite a lot of overtime but at the moment but I am paying 20%. Does this then mean, if and when I have earned…
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HMRC refund and outdated cheque.
Hi A friend of mine had a refund from HMRC last year and forgot to bank the cheque within 6 months. Does anyone know how he goes about getting a replacement sent out? Thanks.
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Inheritance tax + building a extension
Myself and my brother have recently got job near my parents and we where wanting to build a annex onto my parents house. We planned to split the costs between myself and my brother and live in the house. The only issue I can see is inheritance tax. At the moment the house is valued around 580k, so we are currently not…
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self assessment repayment
I done my self assesment at start of tax year am still waiting I've phoned them a few times to be told it has gone for security checks surely it Carnt take this long when I asked what security checks they were doing they said they couldn't tell me as can only contact security by email so the wait goes on
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self assessment security checks
Does anyone know how long it takes the hmrc take to do security check??? I did my sa on 6th April but been at security dept for the last 5 weeks
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Should I register for exemption from NI contributions?
Hi, I currently work on a self-employed basis doing some part-time cleaning. I am registered as self-employed & therefore receive quarterly bills for NI contributions. I am only earning approximately £200-300 per month - should I register for exemption from NI contributions or would it be more beneficial to continue to pay…
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Import VAT on goods borrowed and not owned
Hello, I am borrowing an item from a friend in the states for a few months. I do not own the item and no ownership transfer has taken place, I am simply borrowing it and sending it back. I have received notification of a charge of £60 on import VAT. I contacted HMRC to advise the situation that the item is being borrowed…
