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Am I due tax rebate?
I am feeling a bit daft as I am unsure if I need to do something immediately. Basically through ill health I have had to stop working as of 4 January 2014. I had cut my hours from 40 to 20 hours a week in recent months. I am not sure when or if I put in for a tax rebate - whether I should be doing this now or later. All…
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Tax on imported goods which was made in England
Hi all! Once again, I am not sure if this is the right section to ask my questions. If not, please pardon me… I am planning to buy some Wedgwood items from a seller who is based in US. The items are pottery and were made in England originally. The first question, the seller told me pottery is classified as duty free item,…
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Council tax court summons for someone who doesn't live at property
Hi, I apologise if I'm posting this in the incorrect area but couldn't figure out where to put it. At the weekend my housemate opened a letter that wasn’t addressed to him (I assume by accident). It was actually addressed to someone who has definitely not lived at the property for at least 4 years, and it was a court…
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Owning property my dad lives in
Good afternoon I purchased my parents house last year following their divorce. The reason for the purchase was that my mother was putting pressure on my father to leave (she has moved away herself) and my father had nowhere to go. He has drink and depression problems therefore he would not be a good tenant and it would…
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Paye coding notice
Hi everyone, Today i got my PAYE coding notice for the year 2014-2015 I am confused so here is my query At 20% on the first 31865? is this means that they will charge me basic rate ie 20% on my salary.. what if my salary falls less than 31865.. will it be still 20%? Thanking you in anticipation
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Capital Gains Tax/Letting Relief on property which we did live in
We are currently in the process of selling a property we purchased in 2005. It is in joint names and we are not married. We lived there for 2 years so have been renting the property out for 6.5 years. We have not made an profit on the rental income as it covers the mortgage. Price has risen by £130,000. Paid £220k and is…
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Finance Act 1970
What happened to section 42 of the Finance Act 1970? It prevented UK based companies from relocating to lowewr tax regimes for the sake of saving corporate tax. There was a jail penalty for Company Secretaries of those caught doing it. Now, many Lloyd's and other underwiters have their companies based in the likes of…
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money from a marital split
hi there I am just filing my tax online and although I did not receive revenue from a property we used to rent I did receive 29k from the sale of my marital home. I moved into the rented property and he sold the house. We settled and I got 29k from the marriage. Do I need to include this on my tax return where it asks if I…
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Self Assessment Confusion
Hi everyone. I've filled in my self assessment tax return for a craft business I ran during maternity leave. I was expecting tax back as I didn't make back anything like what I put into it (£2117.00 outgoings vs £105 income) however it says I owe 80p. My income for my main job for the year from my P60 is £9949.00, on which…
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Council Tax uncollected
Hi all, Last year I applied for a halt in council tax payment as the buliding was undergoing major repair work and was uninhabitable. This was granted for a period of 3 months after which they sent me a letter of confirmation that repayments would restart as discussed. Now 10 moths down the line I have noticed that they…
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timeframes UTR - Activation code?
I finally received my UTR but the letter says I also need an activation code before i can complete SA. What is the approx timeframe the activation code? Does it take as long as the UTR?
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where do you declare a loss from rental income on SA?
Hello I'm doing a SA for the first time as I now have rental income. For various reasons this needs to be declared as an overall loss taking account of income v expenditure. Does the SA template allow for this easily? Which boxes do i have to populate? thanks
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Tax p87 reclaim mileage help
Hello don't know if anyone can advise, I am a student nurse and as such our bursary it taxed or at least listed against our tax allowance. I have just been on placement and had to reclaim my mileage from the nhs bursary authority the rate paid is .23 p per mile which obv does not cover wear and tear to my car. I claimed…
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IR35 or not?
Hi, I'm looking to setup a limited soon and have a quick question about IR35. As a soletrader I work 3 days a week on contracts that would definitely fall outside IR35, I work from my own office space, on my own gear and could get someone else to do the jobs if I needed to do so. The other 2 days a week I work in an…
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Self-assessment -- Being repaid tax and I don't know why
Hi all, I don't have much experience with this stuff and I am very confused because I have just filled in my 2012-2013 self-assessment and I am being told that I will receive some tax back -- I have no idea why! I am actually afraid that I may have made a mistake in my SE. I am registered as self-employed just for mystery…
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Using a personal service company - where to begin?
Hi all, I'm posting this on behalf of my other half. He works as a locum veterinary surgeon and currently does this through an umbrella company. Doing it this way his take home is about 68%. We know that the most efficient way to do this type of work is by setting up a Limited Company (by which his take home could go up to…
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Winning My Tax Appeal: Employer Tax Code Error
Please read below my initial post in June 2013...... Dear Wise Ladies and Gentlemen, I have a complex issue regarding my Tax. I received a Letter from HMRC in November 2012 stating that I owe £5825.37 in arrears for the tax years 08-09, 09-10 and 10-11. I was directed to send a ‘Self Assessment’ form This letter was not…
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tax on 46,000 emp inc
Hi there, wondering if anyone can help. Hubby was currently earning 37,000 gross per annum from employment but has changed jobs and will now be earning £46000. One of his friends said he'll now be classed as a high rate tax payer. Is that correct? Do you pay 40per cent tax on full income of 46000? Any help in simple terms…
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pension + tax
just double checking to be sure, but when doing the s/a, and i am asked how much personal pension contributions made, i also include the amount government pays in? thats what I did last year, but just need to double check:j
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charity
hi I made about £100 charity donations 12/13 according to bank statements, and have snuck into the higher rate tax bracket doing my returns. Should I include this £100 figure? Does it reduce my liability? If I was on the 20% bracket, ditto above? thanks
