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fuel card/ car allowance/tax etc!!
Hi, I hope this is in the right place!? I am very confused, I have recently started a new job for which I receive a £4000 per year car allowance for using my own car. The company are also going to give me a fuel card so that I can purchase fuel, at the end of each month they will then work out how much business versus…
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Employed and self employed
I have been in full time employment since Sept 2011. I have been self employed since 2004 doing mystery shopping. Since becoming full time employed, the mystery shopping brings in no more than £250 pa. I have let HMRC know this several times. :( I still complete a self assessment each year for the mystery shopping.…
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Self Assesment and financial year
Hi there, I registered as self employed in May 2013 and as part of the process, I also registered for self assessment online. Now, I am thinking that maybe I should have waited for the next year (2014) to register for self assessment, since HMRC will be expecting to receive a tax return for the 2012/2013 financial year...…
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Self Employed Mobile Phone Expenses
Hi all. I'm recently self employed, and want all my business calls to go through a different mobile phone to my personal one. There are several reasons, but one is that I assume this will make it easier to track the expenses incurred by the "business". Since all it will be for is calls, I was just going to pick up a cheap…
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Previous employer declared taxable 'benfits' on P11D
Hi, I've just received a tax calculation from HMRC saying that I have underpaid tax due to company benefits received in my last job. I've since left the job but phoned someone there to check what this relates to. Part of it is company health insurance, which is fine. The other part relates to a company research trip that…
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Tax Rebate for Business Mileage
Has anyone ever put a claim in for a tax rebate on business mileage? if so how long did it take to come through? My husband has put a claim in, we had no idea he could do this until he spoke to the tax office.
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Tax on cash gift
Hi members If an unrelated person gives me a gift in cash do I need to declare it and will I have to pay tax on it? Many thanks
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Council tax payments while WORKING and looking for somewhere to live
A friend of mine recently completed her university degree. She moved back home to look for work for a couple of months, but couldn't find employment. She decided to move back to her university town to look for work, found a job, and started working three weeks ago. In that three weeks she has been looking for somewhere to…
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Started a limited company but never traded, could I owe tax?
Back in about 2002 I set-up a Limited company using some formation website, however the business plan we had didn't come to anything and I ended up moving to Canada for a couple of years. I'm wondering now if I was obliged to dissolve the company or file returns in which case HMRC may have fined me etc. and I'd have no way…
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Child Benefit/Registering for Self-Assessment
Hi - we currently receive child benefit for our kids. In the 2012/13 tax year, we each earned less than £50k. In the 2013/14 tax year, I'll earn more than £50k. Did the registration deadline on 5th October relate to the 2012/13 tax year? I assumed it did, and that I won't need to register until next year, but now I'm not…
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Self Assesment Question on underpaid tax
Hi all, My first experience of SA, as higher earner now subject to Child Benefit charges. I am completing the online form for 2012/13 and have a couple of questions on the underpaid tax section:- * I've phoned the helpline and they advised I have £30 underpaid that I should include. Should this go under the question…
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Capital gains tax after 1 year.
Hi. My Girlfriend has a house in Cardiff that she bought for 118k and it's now worth 180k. She spent around 40k on an extension and new central heating and general renovating. She hasn't got receipts for some of the expenses. She'd like to sell up but cannot do so until next October without a 4k exit fee. She's looking at…
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Parental Gift/mortgage
Hi, My Parents have taken a mortgage on their commercial property (owned in a partnership). The mortgage was not needed for the partnership, but instead divided equally between the 2 partners. My parents are going to give me their share to provide me with a deposit on my flat purchase. Legally I have no obligation to repay…
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Wife's tax
My wife has not worked for 3 years and has become ill, she has always been unable to claim in her own right as she was working part time etc, now my wife has no income can she switch her Tax Free Allowance to me?
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Problems registering HMRC Online
We wish to register to declare tax on the HMRC site. However, we cannot seem to register as a new user, because the information given seems to be contractory. You have to register as a new user, but this then leads you to another screen which demands a registration number which we do not have - UTR code - as we are…
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Can I claim broadband and mobile phone bills from my PAYE tax?
Hi there, apparently any person who is PAYE (not just self-employed, like I thought before) can claim tax refund on certain expences, if they are relevant to one's job. Some of them, like mobile phone and mobile broadband are relevant to my situation. I work offshore and my company calls me about my check-in time, training…
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First Time SELF ASSESSMENT
I am about to do my first online self assessment form, and have a few questions before I start. I am employed full time and pay tax for that employment via PAYE. When completing my assessment do I include those earnings and the amount of tax I have paid (based on what my P60 says)? The reason for doing SA is I do freelance…
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P800 Tax Calculation
I doubt this is would be quite a shock to people here but HMRC are bloody useless. Is it no wonder this country is in a state. I feel so sorry for anyone who is claiming JSA and having to jump through all the daily hoops and prove they've been looking for work whilst being interrogated by some jobsworth. HMRC have sent me…
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Capital Gains Tax question....
Hello all! This is probably very straight forward but i have very little understanding of tax etc! Basically, my mother jointly bought my grandmothers house with my grandmother approx 10-12 years ago. The house was an association house that my nanny lived in for 50 years. The house was purchased for £10k. My nanny…
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CGT after transfer of shares to husband
Hi all, I'm a little confused about how to declare the following: Wife exercised company share options at £1.80 at a time when they were valued at £4.50. She gifted shares to me at the time of exercise (I'm her husband, living with her). Today they are worth £5.10. What is unclear is, does the gift count as a 'sale',…
