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Tax return and salary sacrifice
Hello, In the process of filing my tax return online. I am employed and currently salary sacrifice every month for my pension and child care vouchers. On the tax return I can find the box for pension contributions but not one for child care vouchers. Am I right to assume I cannot use the money used for child care via the…
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IHT Question
Hi, I have a question on Inheritance tax. My mother has terminal lung cancer and wants to give me 5K outside of her will, in order to not show my siblings that one is valued more that the other. I am always there for her unlike the rest of her children so she wants to gift me this money to help pay off my credit card debt.…
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Tax office saying underpaid tax yet again. Correct?
My mum's been given yet another letter from the tax office saying she's underpaid tax yet again. She got the same letter last year saying she'd underpaid a few £100 so she's having to repay in installments as she can't afford it in 1 whack. Now she's got another letter for the following tax year (last one) for even more…
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Online Assessment Section 4 - figure for underpaid tax
Hi, further to my earlier post. I have now accessed my online notices of coding. According to the following section of my online self assessment there should be 'a figure' on my notices of coding for 'underpaid tax for earlier years'? Does anyone know where this figure is meant to be? I have done an online search and quite…
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How do I view PAYE Notice of Coding Online?
I do online self assessments as I work as self-employed and also have an employed job. I have reached Section 4 'Fill in Your Return' - and want to know how I view my PAYE notice of coding online (apparently you can do this but I can't find anywhere on HOW I do this!). 4. Fill in your return * indicates required…
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Child Benefit Tax Calculator Question
I am using the Government's own Child Benefit Tax Calculator to check my circumstances as HMRC have stated that based on info I gave them this morning, I fall below the threshold for the tax year 12/13. The calculator is here: https://www.gov.uk/child-benefit-tax-calculator HMRC told me to include Professional…
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Thinking of going part time self employed
Hi all, Wonder if you can help or point me in the right direction, I currently am employed part time but am thinking of also doing part time self employed work, I would be both working from home but also travelling to clients houses. Can I ask both what do I need to do to keep me legal and above board? Also what can I…
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Tax on a 'one off' payment received
I hope there's an accountant reading this as I cannot find an answer anywhere. The situation is that my husband has received a one-off payment at work for work he did on what subsequently received a patent. The team received a couple of thousand pounds to share, so not a lot of money, and it was added in to their usual…
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Tax on "Discretionary Termination Payments"
Hello everyone, Would love some advice on this. I bought a Post Office in 2008. At the moment there is a Network Transformation process going on. The Post Office will pay me a "Discretionary Termination Payment" and I walk away and a new Post Office Operator is appointed. I am not employed by the PO but have a contract to…
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Citizen or "Tax cow"?
I guess many of us sometimes feel less like a citizen and more like a "cash-cow" in respect of the tax we have to pay... I love my country and wouldnt consider living anywhere else in the world, but I am getting increasingly cynical about the percentage of my family income that actually ends up in the government's coffers.…
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tax return question regarding property.
Hello all. I have a tax return question regarding my mother and I dont want to advise her incorrectly. For some years my mother has been renting out her house and living elsewhere due to location. My question is can she off set the property she rents from others against the rent she receives from the property she rents…
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CGT on a property sold abroad
Hi folks, looking for some advice on capital gains tax. My partner owns a flat in Poland that used to belong to her grandparents, which she would like to sell, as it will help our own home owning aspirations in the UK (deposit). I was born here and she has lived here, and been In Full time employment since 2005 She is…
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Very VERY Worried About Online Self Assessment
On 17th August this year I received a letter saying I needed to register for Online Self Assessment as I am affected by the changes to Child Benefit. I duly registered online on 7th September and received a User ID and UTR. I then registered for self assessment a few days later. One thing worried me was that even after a…
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Mileage Expenses
Hi all, I am a passenger in a workmates van, We travel 505 miles a week and split the fuel costs 50/50. He claims mileage @ 45p a mile and therefore avoids paying tax on some £270+ a week of his earnings. Can I make the same claim or am I unable to claim anything? I would also like to point out that I spend up to £110 a…
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self employed....for 3 weeks!!!!
hi....my son took a job as a window salesman for a large company on a self employed basis.....no wage but commision only.He never sold a window and jacked after 3 week ...He is now left penniless with a pile of petrol and other expenses receipts....What can he do now to redeem some of these expenses, bearing in mind he is…
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Maternity pay lump sum at end of tax year
Hi all - was wondering if someone could help? I am pregnant and about to finish a fixed term contract, after which I will be paid a lump sum at the end of March. This will include my SMP, company maternity pay (equivalent to 2 months full salary, 2 months half) and half my salary for that month. Does anyone know where I…
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Binary Options
Hi Just wondering if someone out there can give me some advice - I work full time in a 'proper' job but have been dabbling in online binary options, ie betting on currency pairs as to whether they will go up or down. This has been done through a binary options trading site. What I'm trying to find out is whether this is…
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2 Tax Codes
hey everyone I'm not sure if this is in the right forum or not so if it isn't could it please be moved :) I am 19 years old and have just got a job at m&s on a 6 week contract over the Christmas period, I started on the 18th November. the pay is £6.60 an hour and I will be averaging 37 hours a week. they will be paying us…
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tax / ni questions for small ish ebay seller account
hello, im very new to this so please be gentle;) i have set up an ebay business where i am selling products that i purchase from china. i expect my takings to be about 9k a year and my "profit" (before tax) to be about 2.5 - 3.5 k a year. i know that this is below the 5.4k ish cut off for paying class 2 NI contributions I…
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HMRC Penalties for CT600 submission
I've recently been given a £200 fine by HMRC for not submitting my CT600 for 2011-12. However I've got all the submission documentation, confirmation email etc. I've resubmitted again online, like I did originally and I'm going to appeal against the fine and claim back for the time taken and effort involved in getting the…
