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Tax relief on pensions
Can someone clarify for me...... When you contribute to a personal pension I appreciate you can claim tax relief on these contributions if you are a HRT payer. Does this apply just to earned income? Say you had paid an amount of CGT that year from selling a house, would you be able to claim against the 28%?
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Amazon VAT receipt
Bought something from amazon and i need a VAT receipt. Tryied the order summery and everything says "this is not a VAT invoice" I got a receipt from the "collection point" where my product was sent to and where i collected it from. I "lost" the receipt. Have i "lost" my way to claiming the VAT on the product i bought ???
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cgt on sale of house
Hi there. On the face of it this might seem a very straight foreward question but I'm just not sure. I bought a house with my now ex partner in Nov 2005 for £130000. This was paid for by the sale of my ex partners house (£84000) and the balance was paid by her brother. The deeds were in my partners and my name.…
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vat flat rate calculation help
Hello Team, I am due to do a vat return and just want to make sure I am working out the amount I have to pay correctly - I am on the flat rate scheme at 11% so can someone just check I am working the percentage out right? ok - basically I pay vat at 11% on my turnover: So I thought it would be a simple 52100.76 (turnover)…
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Private medical benefit tax issue
Hi, I am hoping that this is in the correct forum and that somebody will be able to advise.... The problem: I resigned from my job in February 2014 and worked my notice leaving 25th April, one of my benefits was private medical. On 5th May I started a new job and have to pass probation before the company benefits kick in,…
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Self Assessment Adjustment
Hi, Will try to keep this short. I got a statement for my SA today for the year 2012/2013. When I completed the self assessment I owed 345 pounds. I had received a P800 recalculation saying I owed this amount and it would be collected sometime in 2014. Knowing this I put this amount in the section saying something like…
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company expenses now taxable benefit
I'd be really grateful for thoughts and advice on the following situation: I work from home (in London) as a PAYE employee but have to travel a lot either in or through London. I agreed with the chief exec that it would be cheaper (saving approx £600 per year) and less administration for the company for me to have a…
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Start of Furnished Holiday Let
Last October my wife and I bought a flat to start as a Furnished Holiday Let. We started renting in March 14. I am unsure as to exactly what can be claimed as tax deductable up until the start of renting. I spoke to a local accountant who deals with many local rentals, BnBs etc. who started by telling me - apart from the…
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Why won't HMRC send me a P810 form?
Last year I got a letter from HMRC informing me that I don't need to do self-assessment tax returns anymore. Yippee! (probably because I never owed them anything). The tax year just gone I donated a significant amount of money to charity, via gift aid, and since I am a high rate tax payer, I want to reclaim the difference…
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Sorry - another capital gains tax on BTL question...
Hi, I wonder if anyone could offer some advice? In 2003, my husband and I extended our mortgage on the house we live in to purchase a buy-to-let house. The new mortgage in 2003 was £74,000 (£49K BTL purchase, £10K refurbishing it and purchase costs, £15K to clear our existing mortgage), and we now owe £53,100 on it. The…
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Paid tax but earned less than personal allowance
Hi, My husband has been working on and off through a temp agency. We have just noticed that his agency had been using the wrong taxcode for the past tax year, they used the taxcode 944L W1 and were (according to a letter sent to us by HMRC) supposed to use 974L. Now he only worked there for about 10 weeks during the past…
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Fuel card offer from work help please
HI All, I have been offered the opportunity of a fuel card at work, and am hoping for a little advice. We have been offered the chance to take a fuel card at a cost of £50 per month from salary. This will include all private mileage. Will this be taken into consideration as a taxable benefit or will i have to pay the…
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Loom watches import duty
Hi all, I purchased some loom Watches from Hongkong. The supplier sent the watches with UPS. The item arrived in the UK but UPS is asking £508.33 custom Duty (commodity code: 9101210000) for 1920 pieces of watches. I did not expect to be charged the duty per piece. Also the amount they are asking is more than HMRC's…
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Pension taken from pay - reclaim
Hello I have an occupational pension. The pension is take from my pay, assume my salary is £2000 per month, the pension (£200) is taken from the £2000 and not from my netpay (i.e not from what is left when tax and national insurance is taken off). However, do I need to submit something to HMRC to reclaim any of the tax…
