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Another tax query - definite employer fault but will it matter?
Hi - I have just been hit with a tax bill for underpayment of tax of £2800. The circumstances are that my former employer was legendarily bad in matters of payroll - underpayment/underpayment, joke of a computer salary system -basically, massively incompetent. I worked for them in the year April 2013-14, and during that…
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Tax code 495T
Hi, I am confused hoping for some help!! I have been off sick from work since July 2013 for the first 6 months work paid me SSP. after that I went on to contribution ESA. Work have a income protection insurance, they should pay out after 6 months which would mean i should of started being paid 50% of my salary which is…
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Advice please
In march 2014 my salary was reduced from £45,000 to £41,500. I received my tax code in April 748L. I didn't pay much attention but queried how much tax I was paying with my employers. They assured me everything was in order. I contacted HMRC last month who took my details and issued a new tax code 1000L. This was also sent…
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2nd P45....
Hi, I was working 2 jobs before starting my current job which I've had for 12 weeks. I handed my p45 in from one job but didn't get the other p45 until quite a bit later. Unfortunately I still havnt handed it in as it's slipped my mind. When I hand it in will it affect how much tax I pay?
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employer error = £6k underpaid tax! help
My husband was offered the opportunity to join a lease car scheme via his employer which he decided to do. All forms signed all fine and dandy. Had the car 3 years as per the contract. Upon sending the car back he then recieved a notification from HMRC to say his tax code had changed as he has underpaid tax on the lease…
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Mortgage style student loans
Hi everyone. I'm looking for abut of advice. My husband has pre-1998 'mortgage style' student loans, which are held by Erudio following the government sell off. I have applied to defer repayments for this year (I take care of the finances!). He currentky earns £30k through employment, but made a loss of around £3.5k…
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Liability for payroll error?
I'm not sure if this is in the right place, sorry if not! trying to keep a long story as short as possible: I was self-employed up until Feb 2012. I then started working as an employee (but maintained self-employed status, as occasionally I do get called on by old clients to do a tiny bit of freelance work). I worked as an…
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Late Registration for Self - Employment Please Help
Hi All, Here is my current situation: Been living in the UK for 2-3 years and dont have a National Insurance Number as I am here on a EEA Visa and my wife is self- employed, me being dependant. I have started work as self employed from June 2013 but did not register yet as within this period I was a few months abroad…
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Tax relief on lost income due to agency liquidation?
Hi I am hoping someone here can give me some advice. I am self-employed and in the last tax year did some contractual work through an agency. Unfortunately the agency went into liquidation half way through, and I received neither pay nor dividend for one month of full time contractual work as contractors are at the bottom…
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Vat ?
We have just bought a new van if we register for vat in a few months can we reclaim it back Many thanks
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any template letter for tax return
Hi everyone, I came to the UK at Oct of 2012 and started job from Jan of 2013. It shows from the P60 of 2013, Total for year : 4945.65 Tax deducted : 583.4 Is there any template letter I can use it to claim this 583.4? Many thanks for your help :)
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BR tax code
Hi. Looking for some advice. Until last month I worked two jobs for the NHS, with the second one coming under a BR tax code. After handing in my notice for the job which was not a BR, my second job is now my only job. Not sure if its myself or my work that needs to change the code, or if will need to stay BR until the new…
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Isle of Man Company Dividend/Tax
The HMRC website is about as clear as mud. Mrs Frog (lives in the UK) has inherited some shares in an Isle of Man registered company. I am assuming there is some kind of dividend tax credit on the dividend paid by an Isle of Man company. What tax would she pay when declaring on her TR?
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p45 help
Can anyone help my daughter, she is a student but has had to give up her job while she finishes her final year.she finished work last month and recieved her p45 with her pay last month but they still owed her a fire days pay and holiday pay after her p45,she recieved her last payslip today but out of a £400 monthly pay she…
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Need some help on Tax for a second job which is self employed
Hi, I have a full time job 9-5 etc and i have also started up my own graphic design company, working in the evenings and the weekends at home, with the long term plan to turn the graphic design company full time and be my only income. But when it comes to claiming tax back for design company i am at a loss what i need to…
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Joint account interest tax question... So simple but is it allowed?
Good morning everyone. Here is my thought for the day..... I am a 40% taxpayer. My wife does not pay tax. We have a Santander 123 Joint account which hovers around the 20K limit and therefore pays us 3% gross interest. Due to having our savings offset against our mortgage / ISAs / a salary sacrifice pension and my income…
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Inheritance planning / APTs (asset protection trusts)
I've always been weary about the so called dodgy stamp duty avoidance scheme and was never convinced to go ahead with it despite these so called "advisers" claiming to save me 30k on my house. Glad I didnt given all the news about stamp duty avoidance schemes. I now need to do a will after we had our first child 2 years…
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How is benefits in kind tax allocated
I'm struggling to phrase this question in a clear way - I certainly failed in a call to HMRC the other day - but will do my best. I received medical insurance from my previous employer, paid as a annual premium on 1st July each year. I changed jobs in May this year, to a company that provides no taxable benefits, which I…
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Help with tax return on allowable expenses
Hi guys. I'm doing my tax return for 2014, and need advice. I work as a proofreader from home in the afternoons. I've think I understand that I can claim a flat rate against utility bills of either £4.00 per week, or £18.00 per month if I get paid monthly, which I do. Is this correct? I also this year paid out £57.00 to PC…
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Sole trader working for sole trader ?
I have a question. The situation: If my friend who is self employed as a sole trader was to employ my brother as a self employed sole trader administrator and my brother would earn less than £10,000 per tax year from the 'salary' paid by my friend, what would be the taxes each of them would be liable? Would my friend be…
