-
Self Assessment Advice - So confused
Hi Ok i owe a whopping £70 odd quid from 11-12.... no idea how anyway i havent filed a tax return for the 2 years. due to my naivety and not even being self employed. largely been on employment and support allowance or some part time work, i just didnt file it as thought it would work itself out via my tax code etc. Anyway…
-
Which is more tax efficient - giving or selling property to my son (for an expat)
Hello. I bought a London flat for my son 8 years ago for £250,000, and he has been living in it for the past 8 years. I would now like to give him the property. The market value of the flat is now around £450,000, and it has around £35,000 remaining in its mortgage (less than 10% of value). What is the most tax efficient…
-
I have had an email from HMRC - could it be genuineNTV
The MSE system is reluctant to let me tell you about this but here goes: I have had an email that looks official and technical sent to me in theory because I am a self assessment tax payer. It wants me to download a zipped attachment. the header tells me this amongst a whole lot of other stuff: It is claiming to have been…
-
Hmrc tax refunded into wrong account
My husband has received a letter from HMRC confirming they have paid his Tax Refund into 'Account No. XXXXXXX6'. I checked the Bank Account No. provided to them on his Self Assessment form, and the Account No. given to them was XXXXXXX5. The HMRC letter is dated 4.7.14, (although it has only just been received). They have…
-
Unison Membership Tax Rebate
Good morning Please bear with me, I've not posted on the site before and I'm pretty clueless when it comes to money too! Recently I recieved a letter that said I could be entitled to a tax rebate on the Unison Membership I had. I filled the form out and sent it off. Today I have recieved an email from 'mel@taxrebates'…
-
Paye + SA Payment on account is this right
I always seem to find tax taxing... can someone please explain the figures for me. I always get confused with payment on account and don't think I have had to do it before because amount has always been under £1k? I earn via PAYE (basic rate) and for 2013-14 via Self employment made a profit of 1042.00 - So I thought the…
-
1008 tax code
I started a new job in June and i've noticed my tax code is 1008L/1, shouldn't the number be 1000?
-
Deed of Variation executed by Attorney
Please would anyone be able to tell me if a Deed of Variation (of a will) is capable of being executed by the Attorney of a beneficiary? As in: Brother A has made a will making a substantial bequest to Sister B. Sister B has been aware of this for many years and she already has assets of her own (the bequest is in excess…
-
Next Years Tax now, bloody cheek
I've just had my tax return with the calculation that I owe the tax man £2,595.90, but £865.30 of that is half of next years predicted tax. Why are they asking for next years tax now, I haven't earned it yet? I might be dead? Have I misunderstood them or … any information much appreciated. Ludmilla
-
Moving BACK to the UK within 3 years of filling in P85
I left the UK in December 2013 and have lived abroad since then, I filled in a P85 upon departure. I am not a UK citizen but I have got a EU passport. In my P85 I stated I would not be returning to the UK however due to a completely unforeseen circumstance I might be moving back to the UK under 2015. Have anyone here moved…
-
Self Assessment
Hi People, I have about 5k worth of fines from not filing my Self Assessment :/ this was due to me being ill (i had a breakdown) I fully understand that i have to pay, but i would like to reduce it if at all possible. has anyone had any experiance in doing this? is there anything thing i should avoid saying or anything i…
-
Some tax questions - including overseas
We will be getting professional advice on this (though can't imagine we'll find someone who can cover every angle and am a bit worried about conflicting advice). OH just taken early retirement. Possibly going to be working overseas from next tax year. He's been advised going as a consultant with limited company is likely…
-
council tax refund for strike?
Does anyone know or has heard if you can claim a refund for the day that the council's were recently on strike please? Technically we pay council tax to be provided with a service however on this day the council did not provide a service, therefore should we apply for refunds?
-
Going self employed, basic earnings question
Hi all Considering going self employed as a contractor. I've been offered a contract on circa £31 an hour for a year. The recruitment guy had given me some figures on monthly take home pay, but I'm always suspicious of them not quite telling me the truth. Could someone give me a basic overview of earnings for that hourly…
-
Self Assessment and allowable expenses
I am currently working within the casino industry and therefore a gaming licence is mandatory. This licence is issued by a government department and costs a small fortune. Does anyone know if it can be included on you self assessment for tax purposes ? visamaster
-
Self Assessment Tax Return (Underpaid Tax)
Hi, I'm completing my online tax return for 2013-14. I do this to pay the tax on child benefit as I earn over 50000. I get to page 'Underpaid tax included in PAYE coding (Page 2 of 2)' and it states 'Underpaid tax for 2013-14 included in your tax code for 2014-15: £ 0.00' However, I have received a PAYE coding notice to…
-
Best way for business to pay for property
Last year DH was made redundant from a permanent job. He didn't find any work during 2013 as a lot of management positions were being cut. He started a 6 months contract in Jan 2014 which has been renewed for another 6 months. We are confident that it will get extended long term but only for 6 months at a time. An…
-
Grandfather paying school fees via our account
Hi, just wondered if anyone could offer their thoughts on our situation. My FIL has a trust set up to pay for his grandchildrens' educations. The trust is in Africa, where he is resident. He is currently paying the money into my husband's current account and we pay school fees from there. It's just dawned on me that this…
-
Tax Return Question now back on PAYE
I didn't work between March and September of last year. I got a job via an umbrella company, paying PAYE October to February and a short term contract paying PAYE March onwards. I made a loss from expenses of £3k. On the 'Losses' page, it says * Loss from this tax year set-off against other income for 2013-14: * Loss to be…
-
What is my taxable income???
Hi there.....I need some advice on what exactly constitutes my taxable income: I'm 66 and separated from my husband for 7 years but I live in 'our' house and pay the bills, taxes, etc. He used to (graciously) send about £14k a year but that has now decreased to about £9k. I get a bit of UK pension based on husband's…
