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Paid into NEST Pension - where do you enter on the self-assessment tax return please?
I wonder if anyone can advise please? I am both employed and self-employed. Last year I made an additional payment into my employers pension scheme and can see where to record this on the tax return ("Payments to your employer's scheme which were not deduced from your pay before tax"). However, I also made a payment into…
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10% wear & tear allowance
Hi I rent out a flat and want to claim the 10% wear and tear allowance for furniture and fittings. Is the 10% calculated on the gross rent or after deductions for insurance, rates etc? Thanks F
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Company car benefit query
Probably just being thick but can someone please try and explain the following for me:- Had a new company car at the start of this tax year, annual BIK calculated at £3300 p/a. This sum taken off my tax allowance on a monthly basis, therefore assumed keeping up with BIK. Gave up company car in January this year through…
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Self Assessment Online - Reducing Payments on Account before submitting
Hi. I've currently completing my self assessment online, however this current year i have started employment and only had 1 month of being self employed - which means my income from self employment is very small compared to the previous year of which i'm about to submit - but i cant see a way to reduce my payments on…
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Paying tax on one-off freelance income
Hello, hope this is the right forum. I have always worked on PAYE jobs so have never had to file a tax return. However last year, between ending one job and starting another, I did some freelance work for which I was paid £1950. I registered as self employed on the HMRC website, but am now back working in a full-time job…
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No Activation Code
:eek: I am in a bit of a mess are there any recommended users of this forum that could help me fill out and explain the SA to me privately. have been messed about by an online dodgy SA service and now fear its too late as still haven't received my activation for online assessment that I requested 3 weeks ago. I would be…
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Car mileage
My wife works as a carer, and tjhe employer pays 25p per mile. I heard she could claim an additional 20p per mile by filling out some forms. Is this accurate? And how would she go about it?
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Self employment tax allowances
Hi, I work from home, using room as office - and although I've more or less got to grips with allowable business expenses - I'm more unsure about capital allowances. I had a lot of building work done in 2012/13 - some of which affected my office - such as re-wiring, installation of central heating (including radiator in…
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Please help a clueless self assessment newbie!
Thanks for viewing, but I found what I needed to know online.
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Quick Q about tax
Hi, I have a form which tells me for a particular period "in the 2013/14 tax year we paid a total allowance of £4238 of which £4122 was taxable". Please can anyone tell me: "Total before tax taken off": and "Tax taken off": cheers
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Salary Sacrifice
Hi I have a question re the above. Last year our Pension scheme at work was 're arranged'. Usual thing:- It went from final salary to average salary, Non contributory to contributory And the raised the Retirement age from 63 to 65 Part of the 'deal' was that we should pay our contributions through salary sacrifice I now…
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Inheritance tax question
My husband and I have joint savings some of which we are cashing in to give our son a large deposit towards a flat. My husband is a lot older than me so we wanted the money to come from me, due to the 7 year rule on Inheritance tax. My question is - when the money from our joint savings is paid out we would prefer the…
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Tax back
This is probably a silly question, I have just never had to ask it. Can you claim tax back part way through a year. I started my job late in the tax year but will not earn enough by April to pay tax. I am getting taxed every month, can I claim it back now or do I have to wait until April?
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Shared Tax Allowance ?
I seem to remember reading that this coming tax year - married couples would be entitled to share their income tax allowance - but now an unable to find anything on this important matter Have the government gone back on their promises - or am I missing something ?
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CGT on RTB 2nd property & transfer of equity query...
Hi, I am filling in my return and have CGT to pay for a property I purchased in my maiden name in 2001. The transfer of equity took place in 2009 into my married name with my husband (to permit RTB mortgage). Prop was then let. 2 q's - when filling in the value/cost ofacquisition do I put what I paid or the market value…
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A fairly simple self assessment question.
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Capital allowance, car written off
I was unfortunate enough to be involved in a car crash (other persons fault) and the car I used for my work was written off, the insurance paid out £6,200 and I bought another for £4,576. I was wondering if anyone could help me with the filling of the capital allowance section of the self assessment form, it might be…
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UTR - self employment help please
My son has been out of work for a while. He has not been claiming any benefits. He has finally got a job but has been asked to provide a UTR. So I can only presume that this means he will be self employed? When I looked at the HMRC Gov site I got a bit confused! Does this mean that he will have to register as setting up…
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New Sole Trader - SA Help!
Afternoon everyone I have recently registered my business for SA and have received my activation code etc - just logged on and started to go through the motions even though I only officially started trading on 1st January. It asked me for my details of the year 2012/2013 when I was employed by 2 different companies in that…
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2014-15 basic rate tax code - what will it be?
Hi all, Been searching everywhere but can't find out what my tax code will be in 2014/15. Now it's 944L. Any ideas anyone? Thanks :)
