-
P60 negative tax deducted
I have received my p60 this week and I am confident it is wrong. I started a new job in January and submitted my p45 as normal. My p60 is showing the tax deducted as 1500 in my old job but -1000 (negative not refund) on my new job. This means total deducted for the year is showing as 500. This must be wrong as I have paid…
-
Offsetting Trading Losses HMRC
Hi, Can someone who used this rule in their business clear my understanding that you can claim tax relief on a trading loss for a current year offsetting it against previous or future years profits? What if the previous year or future year has a loss? Do they offset the loss by reducing your corporation tax or give to…
-
Self assessment tax return online?
Ive submitted my tax return for self employment for the year ending 2013/2014, I noticed it says received on: 6th April What does the 'submitted on:' mean?? There currently is no date in the field but when it shows, does that mean it has been 'transfered' my my account?? Does it always say payments are pending? Also, how…
-
Got tax rebate but no new P45
I took voluntary redundancy and left my job at the end of June last year. I haven't had any paid word or claimed benefits since. I applied for a tax rebate by sending a P50 and enclosing my P45 recently. Was very surprised and pleased to get a cheque back very soon afterwards. However, I haven't had a new P45, which I…
-
Laptop as business expense
Hi all, I have a question specifically regarding the purchase of a Macbook Pro and claiming this as a capital allowance expense for self-employment. I do some self employed work and want to claim for the upcoming purchase of a Macbook Pro which I will be using to do this work. However I want to buy the Macbook Pro by…
-
Claim new laptop as an expense?
I do some freelance writing work but my laptop is starting to have quite a few problems. Could I buy a new laptop and claim this as an expense since it is my main and only tool of work?
-
new job /no p45 / tax code
Hi I was let go from my job on the 31st of march 2014... I haven't received a p45 and may not either. I possibly start a new job next week (which will be my only job)...if I do, will I need a p45? im assuming that because I haven't worked this current tax year (since april 2014) that I don't need a p45 ? is this correct?…
-
PAYE + Self Assessment question
Hi all, I am new to this so please forgive any ignorance in my questions. I am full-time employed and pay tax, student loan repayments and pension payments all through PAYE, receiving a monthly payslip. I am undertaking some freelance work that will pay me a few thousand pounds. I realise I need to register as…
-
HMRC Investigation Self Employed Tax Return? Help?
Hello, Looking for some advice. My husband goes to an accountant each year for his self employed tax return. He is a sub contractor so his contractor deducts and pays his tax for him. His 12/13 tax return was submitted on time and he received a tax rebate. HMRC then sent a letter about 2 months ago advising they disagreed…
-
Self-Assessment and SSP?
Hi everyone Not sure if I'm in the correct place but I hope so! I am completing my self-assessment for 2013/14 at the moment, but the information provided by HMRC is proving to be characteristically obtuse. I basically have two questions. First, when entering the tax paid for an employment, should I just enter the total…
-
Taxable loss and property on rented residential property
I have rented one property out to various tenants over a number of years. By accounting for mortgage interest on the property I have declared a taxable losses on the property rental. When I retire, I will move into taxable profit after clearing the mortgage. Will I then be able to go back to the start of the letting and…
-
Self Assesment Form
About three month ago, I signed up for self assessment for the first time. I noticed yesterday that my sister has already had her self assessment form, but I haven't had mine, or had much in the way from HMRC regarding it, only a certificate to not pay extra NI. I have no idea what my tax reference code is, do you think I…
-
Council tax and disability
Hi, My mum has been registered disabled for nearly ten years. She recently found out she could claim a council tax reduction due to her disability, which her council has approved. However, is she entitled to a refund on previous years where the house had been modified to help her with her disability? If yes, any advice…
-
Tax on Room Rent Income and Savings
Morning all, I hope someone here can reassure me that I'm corect in my assumptions... Up until last year my tax was straightforward, just PAYE at the higher rate with no additional income from savings etc.. However, in the financial year 2013-14 I took in 2 lodgers and received more than the rent-a-room scheme allowance of…
-
Self assessment help
Hi all, I need to complete a self assessment tax return for the first time and I was hoping that you may be able to offer some advice (and hopefully reassurance that I've done it correctly!). I've started a network of websites and make money through online ads (Google Adsense) and affiliate sales (mostly Amazon.com and…
-
When is one classed as a 'tax payer'?
Please excuse this very basic question: Is one regarded as a taxpayer in the year one receives income above the threshold (personal tax allowance) or in the year one actually pays the tax bill in respect of that income? I am asking because of the implications for Gift Aiding some money. For instance: I am self-employed and…
-
Avoiding EU VAT buying from abroad?
Sorry, i'm sure this thread is in the wrong place but i didn't know where to start it. If someone could move it to the right place after reading it that would be much appreciated. Right, this is a long shot but i am hoping it will work. There is a product i would like to buy from Germany (I am in the UK) and within the EU…
-
tax refund
Hi. Was wondering if anyone could help me work outhow much tax I'm owed. I was working from April- end of September last year on a salary of £41,000 and didn't work for the rest of the tax year. I'm a bit confused as to how much I'll get back. For example would I get a rebate on overpaid NI as well or just on income tax.
-
UK tax on foreign earnings for temporarily non-residents
In October 2012 I moved to the Middle East. Although I kept my house, wife and children in the UK (for schooling reasons), I had a good job abroad with a 3-year contract. My employer gave me use of a house and a local residency permit. I intended to stay for the full 3 years, and so I submitted a P85, an in-year SA form…
-
Tax code personal allowance 2001/2
I'm in the process of a giant clear-out - files going back to 1999 - wage slips, P60, etc. Amongst all these, I find that I have a P45 which is for the tax year 2001/2002, when I worked for about 4 months - and tax was deducted at BR as I hadn't got a tax code - the year before I left work, didn't bother claiming any…
