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Redundancy help with tax please
I am being made redundant on 31st December and am really struggling to calculate the tax on my additional redundancy payments from PILON and retention bonus and hope someone can help me. My current salary is £40,100 and my tax code is 954L. I thought I would just slip into the 40% tax bracket this year due to bonus payment…
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Capital Gains Tax
Bear with me on this one! 38/40 years ago my nanna and grandad bought a house but needed my mother to put her name to the mortgage as well. They all lived in it for a few years but then my mam moved on. My grandad died 1992 and my nanna died 2008 so it was handed to my mam but i moved in with my family after my mam got a…
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Uniform Tax Rebate?
Wondered if anyone who has had experience with this could help me- I sent a letter to HMRC recently to claim a uniform tax rebate for the 2 years I've been with my employer, got a letter today from them with a new tax code for this tax year (up £60), just wondering if I'll hear anything from them about the previous tax…
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Council Tax Court Order
Hi there, Hoping someone can help me! Just received a Court Order for unpaid council tax. Problem is, we didn't actually receive any bills and certainly didn't get any warning letters (although looking at our July bill it does have the amount due for each month). I've just paid off what I think we owe, but I can't believe…
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Independant contractor/self employed tax - help and advice needed please
Evening everyone, Hoping all you lovely members of MSE may be able to shine a little light on my predicament! I am currently working for the HM Forces earning £31,000 a year and as I have only ever been full time employed have always had tax deducted from my wages prior to receiving them. However I am considering a job…
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Council Tax once you've moved in?
We picked up the keys to our first home yesterday. We know that we can/should contact the gas & electricity suppliers to give them the readings (or i believe some people just wait for the first bill to come to 'the occupier'). Do we need to do anything by way of the council tax, or will we get some sort of letter through…
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Tax disc for disabled pensioner
Hi all, My Gran has had a free tax disc, when I've tried to renew it this year it says it's out of date. Does anyone know how i can renew a Certificate of Entitlement? She is still receiving DLA and nothing has changed since 2008 when it was issued. Had a look around the Gov website with no luck :cool:
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Self employment and retirement
Bore da. I am wondering whether I need to carry on registered as self employed with HMRC. I have just hit 60 and receive my deferred LGPS pension and lump sum.:j I left Local Government 10 years ago but my pension based on 27 years was frozen. After I left, I became self employed. I also have a buy to let fully paid off. I…
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Tax Calculation - Any Ideas?
Hi All, Just trying to figure the tax owed on the following numbers: Salary Gross 10463 Interest Gross 775.7 Dividend Received (net??) 25353 Rent Net Profit 3500 Personal Allowance 8105 I think it is around £3500. Anyone please with more exact numbers? Thank youx:beer:
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Tax on Joint Account
Hi, This is probably a stupid question but I can't find the answer. I am about to move into a new house together with my girlfriend. We have opened a joint account to pay the household bills from. We have chosen a Flexdirect account from the Nationwide, paying 5% interest. I am a higher rate taxpayer and she pays basic…
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Tax on Accumulation Units Fund Income
Can someone please confirm if the income obtained through the sale of accumulation fund units is classified as capital gains for tax purposes? Thank you
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House Gifted 15 Years Ago Capital Gains?
Hello My mother gifted her house to myself and my brother 15 years ago and we want to sell it now, my brother has been living there but I have had another house and only lived there for a year 1. How can I make use of any allowances if any 2. what's the best way to get a valuation for the house back in 1998 3. what's the…
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Paying tax on benifit that wasn't active.
I received free private healthcare from my employee. Earlier this year, in May, I added my wife to my policy and started to have around £18 a month taken out of my pay cheque to pay for the taxable benefit of now having her on the policy. In September the healthcare company sent me my annual statement and it turns out my…
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Taking on a self Employed person
My business has grown and I`m now in need of a part time person to help me. I am a dog walker - pet visitor. My friend is a registered self employed photographer and is in need of extra work through the winter. My questions are Does she have to let HMRC know she is also doing dog walking as well as photography Can she…
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tax underpayment
Advice please: why should I pay for HMRC/Pension Administrators errors? Last year I received a demand for underpaid tax for year ending April 2012. In that tax year (2011-2012) I was employed part-time (I retired in December 2011) and was also in receipt of 2 small occupational pensions. On enquiring I was told that this…
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Employed and also self employed tax/ni??
Please help. So confused. I am self employed, registered and pay class 2 nic. I have just been offered a part time job - 20 hours a week, with a choice of being employed by the company, or self employed. This is where I get confused. I dont mind what I do as self employment gives me the flexibility, but I am confused with…
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council tax on unoccupied property
i've just received a massive bill for council tax on my unnoccupied flat. i have just finished re-decorating it as the previous tenants left it in quite a mess. when i rang the council tax about 5 months ago they told me it would be exempt and they would put a full discount on it. turns out this only lasts one month, yes…
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Non tax resident and offshore accounts ....
I contracted in Ireland for a few years. I reduced my tax bill by working through an umbrella company based in the Channel Islands. No local income tax was due. I was registered officially as non tax resident in the UK, as I was living full time in Ireland. I did pay income tax on the salary I brought into Ireland - but…
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Tax help with company issued fuel card ?
Hi, I currently work for a company and opt out of the company car scheme and take an allowance which i am taxed on. I pay for my own fuel for business travel and claim back the fuel costs at the company issued rate each month. I then claim tax relief on the difference between the company rate and the HMRC rate on my yearly…
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Tax return and interest on mortgage
Hoping this makes sense, someone can help and apologies if this is an obvious question. I will be doing my first SA tax return for rental income. In the section that asks for interest on loans, does this mean the interest I get charged each month. E.g my mortgage repayment of say 1000 is applied to the outstaning balance…
