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How long does UTR take to come?
I ask because I have registered online for self assesment as a sole trader, and the company that I will be working for require my UTR before i can start. So i'm basically a sitting duck until i know it. On the online form it said it takes (on average) 7 days for everything to be processed, i only registered last Tuesday,…
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Question re Council Tax and re-banding following alterations
Hi everyone I wonder if you can assist with a question I have on the above. First some background : We bought a fully refurbished and altered farmhouse in May 2008. The property particulars listed us as a Band E for Council tax. (As a side issue we sold part of the barn in June 2009 which was attached to the Farm to my…
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Income from rental property - do I need self assessment?
Until August this year I had no income as I am not in employment or claiming benefits. I recently purchased a flat (no mortgage) for income, and since August have been receiving rent of £1000 per month. The service charge is £1200 a year. After allowable expenses (I'm not sure what they are, or how I find out), I don't…
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Newbi tax question regarding rental income
I have just purchased a shop which will be rented out is it possible for my father who all ready has shops and has accountant etc in place to collect the rent and pay the taxes? Then gift us what's left as I know he and my mum can give gifts tax free?
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Car fuel benefit hi
Hi guys, Long old time since I've been in here but I'm desperate for some advice. I work in sales and have a company car, we are on an averaging scheme therefor I pay car benefit and fuel tax. I taxed for £4123 fuel benefit. Most people in our company seem very vague about how this works and how much fuel we are "entitled…
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A bit of a situation.
I've been freelancing for a few years now, but only in the past year have I had a "normal" job and pushed the freelancing to the side. Last year's tax return was fine, however this year it's an almighty mess and I've ended up owing a fair amount of money to the tax man. Long story short, it appears that in my "real" job…
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Correct tax code but paying too much tax
Hi, I have recently changed jobs, handed in my P45 etc. My payslip is showing my tax code to 1000L but I've been charged too much tax! Salary is £32,000, according to the tax calculator I should be on £2,059.56 after tax, instead I had £1888 as take home pay. :( So around £171 excess tax as this was showing as £537.67 tax…
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Going from self employed to limited company
Okay so I am thinking of going self employed to limited company, but at the moment I am worried about having enough money to pay tax bill from 13/14 year. How easy did you find the transfer? Thanks in advance
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First time self assessment
Hi there, I registered as self employed October 2013 after many years on benefits. i needed to remove myself from benefits for personal reasons and was offered some hours at a local independent college teaching English. I am paid cash weekly for the hours i teach, which doesn't amount to much but am far better off both…
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Will tax free bonus show on P60?
Hello, my company has started paying an annual employee ownership trust bonus. This will be tax free. It is being paid separate from my wages. Will to still show on my P60 at all? Thanks
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self employed tax question
im trying to find out information for a friend. hes thinking of setting himself up as a translator, proofreader and editor. is the job of translator protected or can anyone practice as one? he will be doing this in the uk but also plans to go to germany for a year to do this. will he continue to pay his taxes in the uk…
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Tax question for an employer?
Evening all Looking for some advice. I have just started paying a childminder £50/day for 3 days work a week. She only works term time so a total of 38 weeks a year. So a total of £5700/year. I pay her by BACS transfer weekly, so my question is dhould I be registering as an employer and doing tax and NI even though she is…
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How to avoid 3,000 quid tax a year
Don't vote Labour and don't live in London !! http://www.dailymail.co.uk/news/article-2800174/mansion-tax-deferred-earn-42-000-ed-balls-insists-reveals-details-levy-2million-homes.html Ooops ... it can't be avoided as it's added to death duties. Great idea Labour... NOT!!
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Parents cash gift from abroad to buy a house in the UK
Hi all, I am originally from south america and I've been living in the UK for over 10 years, I have British citizenship and I am domiciled in the UK. My parents want to help me buying my first home here and want to give me £150K and we talked about just transferring the amount from their account outside the UK to my Uk…
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Extra earnings HMRC declaration - Advice sought please
Hi All, For the past few years a friend has delivered the odd small training event outside of their normal employment. After seeking advice on the forum and from HMRC these earnings were correctly declared. At first this was via completion of a self-assessment form. Then as the opportunity to deliver the training became…
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car parking permit
Hi there, Wonder if any one can help me, I have a job interview in the city of Bath tomorrow :T, I stand a very good chance of being offered the position. However I need a bit of info first just in case. Bath is really expensive to park so I thought about a parking permit for one of the car parks (if I'm offered the…
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Newly Weds
Hi there lovely people of money saving expert. I recently got married in Vegas ( whoop!!) ,and was just wondering if there were any tax breaks these days for married couples?? My wife earns about 28k and I run 3 part time jobs bringing in before tax about 15k. A friend of mine says I can transfer 1k of my wife's tax…
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P11D Query
Hi, Was wondering if anyone could help.... My partner has been working for a company now for 14 months however yesterday she received a note from her previous employer saying that they had forgot to cancel her Aviva medical cover and enclosed a copy of her P11D which states an amount of £424.24. The note goes on to say…
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Clarification for tax calculator details
Hi everyone, Just used this tax calculator and not sure to understand every detail. Here are my results: Self-Employment Profit £ 12,000.00 Taxable income £ 2,000.00 Tax £ 400.00 Class 2 NICs £ 143.00 Class 4 NICs £ 363.96 Take Home £ 11,093.04 Where do Tax, Class 2 NICs , Class 4 NICs values come from, and more…
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CGT on sale of property
Hi, I'm currently selling a property that i've been letting out for the past 6 years. I have submitted self assessments throughout showing that the income from the property does not exceed the outgoings. I bought the house for £120k and am selling for £120k. By the time i pay sols and estate agents I am looking at walking…
