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Self Employment and Tax Mix Up
Dear friends, I have given some invoices as self employed and got paid for them, but I was not at the time registered yet as self employed. All these invoices are for a very small amount of money (less than £400 per year) and this is why I thought I didn't have to register... Now I would like to register but I'm afraid if…
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Old business rates NNDR nightmare
I received a shock of a telephone call on Friday from a withheld number .calling from my local council chasing unpaid business rates from 2002 , 2003 and 2004 from a pub I used to run although I left it in September 2003 as I could not afford the rent anymore. I was completely unaware of the debt and I have no idea what my…
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Tax Advice for a Freelancer
Hi there, I'm from the UK but have been living out of the country for a few years but am planning to return fairly soon. I work online as a freelancer with my clients based around the world. I get paid via PayPal which I then withdraw into my UK bank account before transferring into my local bank account/withdrawing from…
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Please i need your help
Hi Around 9 years ago i was told to become self employed for a labouring job. I was young and stupid i thought the cis card was similar to cscs. Anyway i filled in my tax form for that year online but then went to work in a bar or was signing on at the job centre since then. I wasnt working self employed but didnt cancel…
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salary sacrifice and childcare voucher
I am a high rate tax payer, so I can buy £124 worth of childcare voucher each month. From this November, the nursery in the campus will become a working place nursery, which means that I can pay the whole nursery fee of my son using my pre-tax income. I plan to maximize the salary sacrifice by keeping buying the childcare…
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Overseas Property Gift and Tax Implications as a Beneficiary?
Hi, Sorry if this is on the wrong Forum! My parents are considering gifting their overseas property to me. Essentially, its a holiday home which is rented out and they stay there 3 or 4 times a year. I have found lots of information with regard to their own tax implications, but nothing in terms of how this may impact me…
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3rd party tax claim company.
Hello. First of all; this is my first post on this forum so hello everyone My story: Earlier this year I decided to apply for getting my expenses back from my tax (uniform laundry) from the last 3 years. I applied trough the website uniformtaxrebate. Being very inexperienced and careless in my choices I used that 3rd party…
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Salary Income Tax
Hi I received a offer with the break down package as Basic Pay £36,000 Other Benefits £8,000 Total £44,000 In this case Could you help me what will be the take home salary per month after tax deduction and how much will be the tax ? Thank you.
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Tax Rebate
Hi, The HMRC have written to me stating that I have overpaid my tax during the last tax year. Not a huge sum, but there's no mention of how or when they will replay me. Can I request a cheque, rather than having the money returned monthly via my tax code? Thanks.
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Is a transfer of 100k within the UK from a friend taxable?
Hi, I have an aunt abroad who wants to gift me £100k--I've worked out that the bank she is with lets her only transfer 10k a month, which makes the whole process very slow Therefore I have arranged for a friend who has accounts in the UK and the other country to transfer me 100K from his UK account to my UK account -- the…
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Tax Code OTX
Good Evening! I've recently started a new job and have just received my pay slip. My p45 from my previous role only came through about a week before pay day. I've been taxed with a code OTX and they've taken a lot more than i normally have been in the past. Once my tax code is corrected, will my additional tax be…
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Need help with HMRC services I should register for
Hello. I came to the UK a year ago with an Entrepreneur visa. I started a limited company and at first I registered it with Companies House. As for registering with HMRC, I didn't do the process myself. What I know for sure is that I have a government gateway account and I can use the Corporation Tax service. My question…
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Tax advice needed!
Hi there, I am hoping I may be able to get a little help on what to do r.e. tax returns. I am doing some work on a self-employed basis on top of my main employment. I would be keen to separate the tax as I go (being paid on a monthly basis). Could anyone tell me how I work out what this is, taking into account my other…
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Second job... 40% tax?!
I'm a teacher earning approx 24k. I have debt I'm trying to reduce so spent the 6 weeks working and will probably work in other holidays if possible. What I earnt from the summer job wasn't a lot, about £2.5k & I paid basic rate tax. Got a letter from hmrc saying I'll now be charged 40% on any earning from the summer job…
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Claiming mileage (P87) from HMRC
Hi, My situation is pretty straight forward. I do a lot of miles in my own car for business. My company pay some mileage at 30p per mile, and sometimes not (depends on what contracts i am servicing). I dont do anything near 10k miles so its staying under that threshold. I understand i can claim for 45p per mile when i do…
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inheriting a house at what point do you become legal owner
hi further to other questions/posts i have made on here, trying to establish at what point you become legally the owner of a property. relative died 2003, I have only just completed the process to transfer/assent ownership of his house to my name. at what point do i legally become the owner of the property is it at date of…
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PAYE question
My wife started a full time job 4 months ago, her tax code is the standard 1000L which is an allowance of £10000, her basic pay is £1204 a month and has earned £4594 so far this tax year The question I have is that she has not paid any tax yet this year, I thought that she would pay a little each month to smooth it out…
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Transfer of house into 2 names to save tax
My partner and I (not married) used to own a house together and both live in it. At a point in the past, I bought her out of the house and she moved out, I continued to live there. We then moved into a different property together, and I put the house up for rent. This has now been rented for a few years and there have been…
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Crossborder gift tax? (Shares)
Hello, A friend in Greece wants to gift me shares in a US company that he holds. What we can't figure out is what te tax implication of this cross border gift is. In the Uk I can receive a gift tax free and only if he dies wiin 7 years does it have an imoact, in that it owuld formpart of his estate. In Greece it is the…
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Panic over self assessment submission times
Hi I received a letter from HMR &C in April saying I had to complete a self assessment tax return for 13/14 . It gives the deadlines for sending tax return in by 31st Oct 2014 for paper and 31st Jan 15 for online submission. Ive opted for paper. No mention in the letter that Id have to do the maths myself if I didnt return…