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Dividends and self-assessment
I wonder if someone can help me with this question. This year, I was told by the revenue that I no longer need to complete a self-assessment form as I no longer earn a self employed wage in addition to my PAYE income. This is fine - great not to have to do one! HOWEVER, I am a lower rate tax payer, but this year for the…
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Reclaiming tax overpayment
Was after some advice please; I recently accepted a settlement agreement from my most recent employer in which my employment was ended but they agreed to pay me lieu of notice (3 months) plus outstanding accrued holiday pay - just to make people aware this was not redundancy. I have received my final settlement in my…
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Reclaiming Tax from pension contribution
Hi I've recently been told that I shall be getting a bonus payment on top of my salary this year - which would then push me into the upper tax bracket and mean that I need to work out how much of the child benefit that my wife receives, I need to pay back. I am currently "just" under the upper tax limit so we are able to…
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Don't even know where to start with this!
Hi everyone, I'm new to the world of full-time work and I seem to be in a bit of a spot with my taxcodes etc. Long story short I have two problems. Last financial year (12/13) I worked for several companies part-time. Some of those jobs, I started being charged tax. I've been promised a rebate by September but still…
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cleaning allowance
Good evening all hoping someone can advise..... I work for a supermarket and we had someone visit the store saying they worked for the HMRC and we could all get money back on our cleaning expenses so long as our uniform had the company logo.... turns out she did not work for HMRC at all but a private company who would…
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Declaring Income as Self-Employed
I've recently started work as a self-employed taxi driver, full-time. I have declared this to Inland Revenue in conjunction with working tax credits. Do I still have to declare my self-employment elsewhere? I'm reading things about HM revenue and customs, is this not the same thing as Inland Revenue? Just need to know to…
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Do I owe the grand sum of 20 pence...?
Hello Moneysavers, I've just completed my tax return but not submitted it just yet. I have a 'proper' job, employed by a business and according to my payslip earned £9906 in the tax year I paid £360 tax The reason I do a tax return is I am also registered self employed. However this year I did NO paid work in my own…
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If tax calc. wrong?
Hi...my wife has small NHS pension..+ interest from savings. She has phoned HMRC to inform of her position.....she has been completely honest with them. She has now been given new code... a rebate and told she does not need to pat any tax While she is pleased with this...she thought she would fall into some tax…
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Self assessment for client leisure activities
I am currently working as an employee for a company so getting taxed each month in the normal way. I will soon be taking on the task of taking out clients in the evening for leisure activities whilst they are staying in london, such things as dinners, events, booking theatre for them. Any payment will be given directly to…
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Self Assessment - milage cost covers breakdown insurance?
Hi there, I'm into my second year of running my own business (Dog walking, Pet Sitting & Training) and am claiming my mileage at 40p per mile. I know this covers insurance, tax, mot, petrol but am wondering if it covers RAC (Breakdown) insurance? Or do I declare that separately as a percentage of the total yearly cost…
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Car Tax Question, 2 cars the same different tax cost
Hi Everyone, Just a quicky question, me and my other half both have a Fiesta, but we pay different charges for Car tax. Partner's car ; Fiesta P Reg, 1.3 Engine 3 door £77 for 6 months Mine; Fiesta 51 Plate 1.3 Engine 5 door. £94 for 6 months. Both the same shape although (your bog standard), I think one is a freestyle and…
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Self employed tax return questions
Hi everyone! I have just registered as self-employed and have couple of questions for you: 1) When do I do income tax return? Right before 31 Jan or it should be done earlier? 2) Do I need to keep all the receipts for tax return? 3) What if I buy camera or phone on ebay? How do I claim tax back for these items? Many thanks…
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No NI but working for years/Self-employed whilst abroad
My situation is fairly complex, so I hope I posted my entry in the correct column, here it goes: I have been traveling in Portugal since 2.5 month and 2 month ago I have taken up freelance work for a UK company. Previously I have lived in the UK for over 5 years and am not certain where I will settle in the future. My…
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Tax rebate and self assessment
Hello! I was a domiciliary care worker for a year and tried to reclaim the mileage I have done for 8 months Aug12 - Apr13... I have worked it out and filled in the P87 form to reclaim it (over £1000) I sent it off and they replied (5 weeks later!) stating that I needed to fill out my self assessment tax return before they…
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Back Tax Demand
Hello All, Upon reaching the normal female retirement age at March 2009, my wife continued her part-time working for a further 18 months, deferring claiming her State Pension for 12 of them. She started drawing her State Pension on 6 April 2010, but also continued working for a further 6 months, then put in a claim to be…
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Self Assessment Tx Rtn on rental
Hi, anyone know if you can claim Property repairs, maintenance and renewals OR 10% wear or tear only on a rental property. Ie. one or the other not both? Also, 10% of net rent after charges? does that mean i deduct agent charges, rates etc So can i calculate which is the greater of the two amounts and pick that? Also, it…
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Simple (I think) income tax/NI question
Hey all, wonder if you can help me figure this out... I started work at the begining of August this year - before that I was a pennyless student so paid no tax. My pay is £32.5K (or £2700 gross per month). I'm being paid at the moment on the standard 944L tax code. ... I'm paying about £345 a month in income tax + £250 NI…
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Errors with onlie self-assment - completly wrong details
Hi all, I recently had a letter from hmrc telling me they wanted to look into my 11-12 SA return. The details they asked for did not look like my accounts so I attempted to log into the hmrc site to check the details on the return but neither the user name or password would work. I applied for new details and I have got…
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Student loans repayments
[Sorry for the repost - but wasn't sure where best to ask this] When are student loan repayments made? Before or after tax? Ie if I repay £2000 loan in a year does this reduce my taxable pay in the same way that making a £2000 contribution to an AVC pension would?
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Split Tax Return Question
Hello, I was hoping someone might be able to help me with a question I had... I stress something rotten about money and get in a flap about it so apologies if this is a strange question. My situation is this: I'm due to apply to do my first self assessment, so this is all new to me. I work full time on PAYE, and I have a…
