-
Query re tax on earnings paid in for work in different tax year
I am going through the hell that is preparing for self assessment and have a situation where I was paid on April 8, 2013 for work that I did between Feb and March in the same year. Am I writing in thinking that this amount should be declared in my 2012-2013 return? I seem to recollect hearing that this is the case before.…
-
tax return query - payments on account?
Hi, I'm struggling to understand the amount owing figure that my online tax return has produced. If I could throw these figures at you, could anyone tell me if they appear correct? 11/12 (1st year of self employment) tax bill £1770 31/01/13 payment £2655 (11/12 + 50% of 12/13) 31/07/13 payment £885 ( remaining 50% of…
-
Income tax
I think I may have had a payrise that would take me over the threshold into the "higher paying" tax band. Is there anything I need to do or will it all be done for me? For instance I have various taxable savings accounts - will the banks be notified or do I have to do something? I don't actually know what the threshold is…
-
First SA question.
I have been SE since the end of July 2014. When i contacted HMRC, i was sent (among other things such as NI info) my UTR. On that letter it said that i would be contacted when i needed to fill in my SA online. i havent heard anything from them, but i am hearing loads on forums/ads on the radio etc about people doing theirs…
-
capital gains tax
I had a house, I owned and moved out of to live somewhere else. Couldnt sell it, so rented it for about 3 years. Managed to sell it recently for 20k more than I bought it. In the time I lived there I spent about 10k adding fitted wardrobes and the kitchen and also 3k on purchasing a share of the freehold (10k) in total, I…
-
Council Tax 10 Payments a Year - Refund when Moving Out?
Hi I pay my yearly council tax bill in 10 month instalments and was just about to pay the final one when I realised we are due to move out in February, will I be entitled to a refund? Many thanks in advance.
-
P87 - business mileage claim
Hi, After some help completing a P87 form for business mileage. I receive a monthly car allowance that is taxed and a company fuel card for all fuel. Each month I complete an expenses form and my company deducts my private mileage from my wages. I have been told I can claim tax relieve on the first 10,000 miles @ 45p and…
-
Coming Tax Assessment - Tax to be paid
Hello, I am one of those people who are self-employed with a Limited company. I draw money on PAYE and on dividends. My company pays corporation tax, of course. If I only get income from this company, will I owe no extra income tax this year if I have already paid tax on PAYE (or not during the months that my accountant…
-
Rent a Room tax
Filling in the tax return.. if you receive rental income from a BTL property, and you also have a lodger living with you in your owner occupied property, can you claim tax relief on the lodger via the rent a room tax scheme? Thanks for your help
-
Claiming expenses
Hi there. I'm self-employed and confused about expenses that I should claim from organisations that contract me in. In terms of travel, I operate the HMRC system whereby I record all my business mileage and then claim at the agreed rate on my return each year. If an organisation contracts me in and refunds my mileage,…
-
self employed but not declaring
Can someone give me some advise. I know my estranged husband is working self employed and not declaring the money he is earning in order to avoid paying child maintenance. I have evidence and have sent the evidence to HMRC over 3mths ago now but as far as I am aware still nothing has been done. How long does it take HMRC…
-
Bogus VAT Return e mail
If you receive this, I would advise that you do not click on the attachment +++++++++++++++++++++++++++++++++++++++++++ noreply@hmrc.gov.uk (noreply@hmrc.gov.uk) Add to contacts 09:30 To: (deleted) From:noreply@hmrc.gov.uk (noreply@hmrc.gov.uk) Your junk email filter is set to exclusive.Sent:08 January 2014 09:30:37To:…
-
uniform tax
can anyone tell me if this applies to self employed as well as the guide only mentions paye ... phil
-
employment status of domestic cleaner
Hi im thinking of responding to an elderly person who is looking for someone to do with her housework, if I were to do this, although it would only be a small amount earnt I would want to declare it and be all above board. However I have looked into this on hmrc, I thought it would be a simple case of registering as self…
-
Cant log into Self assessment.
My hubby stopped being self/employed end of Jan and we have had a few problems with various things I've been waiting for to finish the books. I've gone online to do them today and it tells me that I don't have that service. Access is denied. My hubby is now working (paid employment. yippee) and I wondered if that made a…
-
Query re Calculating CGT on Property
Hi, I hope someone can help. I'm trying to complete my self assessment tax return. I sold my home last year. It was my only property and I lived in it for most of the time I owned it but there is a potential CGT liability as it was let out for a couple of years whilst I was traveling overseas. I think I am OK with how to…
-
Inheritance Tax - Annual Exemption
Can anybody help clarify this please? HMRC website states "You can give away gifts worth up to £3,000 in total in each tax year and these gifts will be exempt from Inheritance Tax when you die. You can carry forward any unused part of the £3,000 exemption to the following year, but if you don't use it in that year, the…
-
Can a non-trading business still be taxed?
To cut a long story short, I set up a company (myself being the only person involved) and registered for VAT on recommendation as it would apparently make me look more 'professional'. Needless to say, the idea never took off and I got as far as designing a website. I didn't trade once. I contacted HMRC and informed them of…
-
Residency & transferring money SA -> UK
Hello all I hope someone has some pointers for me. A relative, who has UK citizenship but has never lived or worked in the UK, is coming up to retirement. At present she is resident in South Africa (SA). At present she's undecided as to where she will 'live' but it's likely she will share her time between the UK and SA,…
-
Should I still be paying Class 2 NI ??
Work full time in a 'normal' job. Employer sorts PAYE tax & NI. In my spare time I run a couple of websites which, with advertising and such, generate a second income. Been doing this for a few years. Using self-assessment to declare the 2nd income as 'self employed' so paying self assessment tax and each month paying…
