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VAT for building contractor
We are having building work carried out. The contractor is VAT registered and is charging VAT at 20% on everything. Some of the subcontractors he is using aren't VAT registered. A few questions if anyone can help. 1. Should he charge VAT for the subcontractors who aren't VAT registered? 2. If yes, who gets the 20%? Him,…
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Transfer/sale of land and barn to son.
My father passed away about 19 months ago and my mother now lives alone. She owns a small holding which has her house, 2 acres of land and a barn which is built more like a bungalow. My father applied for planning and built the barn for about £40k around 20 years ago as a potential horticultural business, however he fell…
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Contacting HMRC
Hi all, I've been trying to contact HMRC for the last 4 days. I don't get home from work until 6pm and they say there lines don't close until 8pm. However every time I phone I go through all the automated questions for them to then tell me they are too busy and to call back another time. I've recently move job and they…
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Not working for part of year, then employed...
Hi everyone, Apologies if this is obvious but I can´t find a clear answer from a search. I stopped working on 31/3 this year (4 days before the end of the tax year) and used my savings to do a bit of itinerant wandering in Europe. I´ve not earned any money while away and not claimed any benefits or credits while away. I…
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Company Car/Fuel Benefit Question
Hi all, Can't find the answer to this online anywhere so would really love some help? My current salary is 37.5k and I am also provided with a company car and fuel card for private use. Both the car and the fuel are a benefit in kind of c4k, so effectively the total package is c45k. My question is... Am I charged 40% for…
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Gift from Friend is it Taxable?
Hi, Could anyone tell me if I receive a gift from a friend is it taxable ? Is there a limit to the amount that I can receive in one taxable year?
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P60 and pay discrepency
Not an intentional cutting of tax, but one that might happen by accident if I'm not careful - and this seemed the closest board to pick, so here goes. I'm a contractor, with multiple employers. I also have some self employed income, so have to complete a tax return. As I was checking over everything my accountant had…
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Left UK claiming my tax back?
Hello everyone, I lived in UK for 7 years (First came as a student, then moved to work permit) and I worked in retail for the first 2 years then moved to a IT job and worked for almost 4 years with them. I paid tax and NI from 2 months landing in UK until I left UK last month to Norway. Now I have permanently moved to…
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BTL - No tax return needed?
OH and I let out a jointly owned property for £375pcm. Last tax year (our first) we let from July making £3375 excl April's rent. So £1687.50 each. We have an IO BTL mortgage of £152.86pm, plus quite a few other normal expenses. Start ups like EPC, SAL membership and others such as SAL courses, tenant credit check fees ,…
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First time self assessment tax...help!
Hi All, Apologies if this is in the wrong section but I wasn't sure where else to put it. I own a property that I have been trying to let out since May (it has been empty since then). I finally have a tenant that is due to move in Nov 7th. I am aware I will need to report earning etc for tax purposes, however someone told…
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compensation for the miss-selling of a pension and tax
Dear All I have been offered compensation for the miss-selling of a pension works to private the compensation offer was less twenty percent due to the fact that I could claim back the twenty percent with tax relief in the future but I am a non tax payer and my private pension provider will not accept my compensation due to…
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Property gift from non-resident
Not sure if this is the right place or if my situation is too complex for a forum, but here goes.... An aunt (not related but very close family friend from Kuwait) would like to gift me her property in the UK. Here are some facts (that I think may be relevant): * There is no outstanding mortgage on the property * She has…
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Personal allowance, SIPP and tax relief
Mrs Gadgetmind has just got a job, which is nice. She hasn't been working so savings etc. are in her name and we've been paying in £2880 pa (£3600 gross) into her SIPP. She'll be earning just under the personal allowance, but interest etc. would take her over this. If I put her earnings X 0.8 into a SIPP, with HMG then…
