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can I claim tax relief on travel and accommodation for a temporary 6 months job?
Hi Would appreciate the advice? I live in Newcastle. Over last year, I did a 6 months job Bristol, during which I was commuting over the weekends and renting an accommodation at my job in Bristol. Can I claim tax relief on the travel and accommodation expenses?
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Tax due on savings but below Self Assessment trigger limit?
Hey all, So here's my situation, in the past I was required to fill in a SA tax return -> I was working overseas, the tax arrangements we mildly complex and I was hitting a few other 'you need to fill in a SA form' triggers. Now I've been UK based for a couple of years I've had a look here:…
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Good news!!
Just for those who don't yet know, from today if you need to know how much you earned in any tax year from 2007/2008 onwards HMRC can now provide this information over the telephone rather than sending it in a letter. This means if anyone needs the details to submit actual income details for Tax Credits, or in order to…
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Is compensation received from tenant taxable?
Can anyone help with a question about what constitutes taxable income from a property. If a landlord gets to keep a tenant's deposit because of damage caused to the property is that classed as income from the property? ie is it taxable in the hands of the landlord? Also if the cost of the damage exceeds the amount of the…
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MSE News: Filing a tax return? Avoid self-assessment copycat sites
"If you're filing a self-assessment tax form, avoid sites that charge up to £1,000 when you can do it yourself for free..." Read the full story: Filing a tax return? Avoid self-assessment copycat sites Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read…
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Tax and a second income.
Hi All, I run an online business and also work a full time job, I was wondering as my partner does not work can I make her a director of my online business and pay her? The reason I ask if that I am on the 40% tax rate and she doesn't earn at all so gets 10k tax free + anything over that is 20%. The problem is that I don't…
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Capital Gains Tax Shares 2007 (Taper Relief)
Hi Everyone New here but thought i would run this query past you guys as not having much luck with accountants or HMRC. Basically HMRC lost all my tax return paperwork regarding a capital gains tax issue from 2007 but thank god put the cheque of £21,000 on my account. They have now refunded me all the penalties and as such…
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Tax for adverts
Hello - I posted this on another area of this forum, so sorry if you have already seen/responded to it. I earn approx £25k(before tax) per year in my work place and have recently started putting Google Adsense adverts onto my forum, i worked out i would probably receive around £200-300 per month. Obviously after fee's (to…
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CGT on off plan flat in London?
Hi All I currently own and live in a flat in London and have bought another flat off plan which will be completed in about a year. The off plan flat has gone up in value and I was thinking of selling it before completion for a profit of perhaps 60,000 pounds. I believe that I would have to pay CGT of 28% on this amount as…
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CGT tax on UK property for non UK residents
Hi All I an a British national that lives overseas and am classed as a non UK resident. I have a house in the UK that I bought in 2001. I recently read that from April 2015 non UK residents will have to pay CGT on property that is sold in the UK. I have no problem with that. My question is, will the CGT be calculated from…
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Can I claim for these items
I work in the construction industry under CIS. I am self employed and subcontract myself to the same firm everyday. They deduct 20% of my wages automatically. I'm about to do my first self assessment online. I'm not your average builder I guess. I spend half my life on a computer, half on the tools, and I cycle everywhere…
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Class 4 NIC for self employed- hould you get an allowance?
Just checked a tax return caculation (2011/12) Income on tax due about 24k. Nat insurance (class4) due of 2.2k Looking at the hmrc site indicates a lower threshold of 7225. So at 9% shoukd be closer to 1.5k Am I missing something?
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Use of home as office
Hi, I have a quick question about how much tax relief (if any) I can claim for the use of a spare room in my home as an office. My partner and I are employed full time, but also run a small business in our spare time (photography). We rent a 2 bedroom flat, and use the spare room as an office to run the photography…
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Can I claim anything after from purchase of car
Hi Sorting out my self assessment at the moment. I purchased a car back in April 2012. It is primarily used for private use. However, it is occasionally used for business use - going to meetings, travel to clients offices (for work) etc. I know I can claim for expenses. So I can either claim for the mileage OR I can claim…
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Bonus pushes me into higher tax bracket
Hope someone can answer this for me. This tax year I'm going to be getting a reasonable size bonus that will push me into the higher tax bracket. My normal pay is somewhere bellow the threshold for the higher bracket. My questions are these. 1. Will this one off bonus mean my tax code changes to a higher rate one for the…
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Robbed by the tax man
I noticed that when I got payed a large bonus in Dec, it seemed to be cancelled out by a similar amount of tax. This was different to what happened in 2012 and 2011 when i had a similar bonus. Upon investigation I found out that my tax code had been set to MTH1 mid last year (when I went into negative allowance due to…
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Self assessment and underpayment restriction query.
I am completing self assessment online for the first time. I completed it with little trouble but have a query re. the coding notice/underpayment restrictions. There is a question that asks if your 2012-13 coding includes any underpayment restriction and then another question that asks if your 2013-14 coding includes an…
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Limited Company Tax questions...
Afternoon all, I set up a limited company for some consultancy work I am doing in the recruitment industry. This is my sole line of work. The business was incorporated on the 1st of May 2013. However I was working in it since March... having generated my first fee on the 31st May 2013 which was paid into my company bank…
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Self Assessment Tax Return Query
Apologies if this is a stupid question but if I did not work in the 2012/2013 year but did receive interest on bank accounts (approx 300 pounds), do I still need to fill in a self assessment tax return? Many thanks
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NEW Tax Code
Hi guys, just wondering if someone could help explain things to me as not really got a clue when it comes to tax. I have today received a letter from HMRC saying I owe them £425.11?! My tax code is changing from 944L to 793L. The letter states they are going to deduct £2125 from my £10060 personal allowance for 2014/2015.…
