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childcare vouchers help needed salary explained
I am just querying the childcare vouchers and if they are ofbenefit to me. I currently earn £18,500 which £1,257 per month after taxand pay my childcare provider 300 a month in childcare fees. Would I end up saving anything if I signed up for thevouchers? I believe you don’t pay tax and insurance on them up to £243 a…
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IHT solicitor 'no win - no fee' service?
Will any IHT solicitor take on a case on a 'no win - no fee' basis?
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inheritance abroad- what should I declare?
Hello, First of all, my apologies if this has been ansewered elsewhere on the forum. I’ll be happy to be redirected! My father died last year back home in Belgium. The inheritance declaration has been finalised in December. I am wondering what is the best way to find information about what I should/should not declare to…
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DVLA Tax Disc Fine
Hi everyone, Much to my surprise I received a letter through the post today saying I had a £200 fine for having no tax on my vehicle. To my surprise, given that my current tax expires in June 2015. Basically I can only think of two options 1. My car for some reason has not been updated on the new system as having tax. 2.…
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Tax rebate on car payments over allowance?
Hi, I currently have a company car which costs more per month than the allowance my company provides. Am I eligible for a tax rebate on the extra that I contribute? Thanks.
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Will I need to pay tax on property?
Please excuse my naivity. I haven't looked into this much yet. I jointly own a property that was our main home. We couldn't sell it so have rented it out and are renting another property. We are considering buying another property so I am just wondering if I sell my original property will tax be due on the excess from the…
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Inheritance Tax advice
My father died in 2006 and left everything to mum, so no IHT was payable though the joint estate would have been enough to warrant it (i.e was greater than the 2006 threshold of £285k) Mum has just died and I've been told that the IHT threshold is today's (£325k) plus dad's combined, so £610k. IS this true??
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Tax Liability for a Community Group?
Hello I am a member of a community group. We are funded through membership subscriptions and donations. We also sell tickets for an annual concert, which usually results in a surplus after expenses. We are not a charity. Our overall income surplus is around £500 a year, which is used to fund future expenditure of the…
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Gifts of Money - NOT Inheritance
Hello, Can anyone clear up a simple (I hope) question? What if any money am I allowed to receive without it being subject to a self-assessment tax liability? There have been many articles and forum discussions on gifting money in relation to family inheritance tax - but this isn't anything to do with that. Thanks.
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Filing US tax return - any experience?
My wife has been working in the US on an O1 visa since last June and needs to file a tax return. I think she will need an accountant who deals with ex-pats as she still earns some income from her consulting business in the UK, which she pays tax on in the UK and would need to avoid paying tax in the US on this as none of…
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Lease car
Hi all I am in full time employment and pay my taxes etc on a PAYE basis (20% tax bracket) I will be setting up a small business at home in April as a Sole Proprietor which I will be running in the evening and weekends. I am using my car on a daily basis to go to and from my main employment along with site visits every…
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What is domicile for tax purpose?
hi there - can anybody shed some light on what's a 'Domicile' for tax purposes in the uk? I moved to the UK from Australia a year ago through a company transfer. I am a UK resident as I used my EU passport to get in and have been the whole year... I only intend to stay for few years and eventually go back. Where's my…
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Reduce tax bill
Hi. 1. Will I have to go self assessment? Thanks
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Advice on property that is rented out.
Own a property that is rented. Pay tax on the rent. Paid 47000 for the property and if sold would probably get about 65000. Am I right in thinking that there would be 18000 profit. So would pay 18% tax on £9000. But as Property shared ownership with another then as below £11000 then no tax payable. Did get parents home…
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Catching up on NI, but self-employed
Hello, I have not registered as self-employed, but did some website work on the side over the last few years. I haven't made any profit from it and turnover is next to nothing also. I've paid no tax or NI during this period as I have been unemployed. Is it possible to register as self-employed now for that period? Or can I…
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Company Car Tax/Child Benefit
Hello All Couple of queries. I am a higher rate tax payer, earning about £43,000 a year with BIK car tax meaning I pay 40%. First Question My employer wishes to not have company cars anymore, meaning that a payment of £750 pcm (before tax) would be made. This would therefore be £9,000 p.a. in taxable income. The problem I…
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Class 2 NIC exemption (SEE) and loss of state pension?
I'm employed full-time and pay tax and NI through PAYE. I've just started (two days ago!) selling some greeting cards that I make in my spare time. It's just a little hobby thing - I'll be lucky to make a couple of hundred quid a year from this. Obviously I now need tell HMRC and pay income tax on the profit, and possibly…
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Employed - 2nd Job & P87
Hi, I have two jobs, and have always left my employers to sort out my tax. Applying my annual allowance to my first job, and accepting 20% (BR) tax on my 2nd. I've recently changed my 2nd job however, and now need to claim back my own petrol (the company does not pay expenses). I was told to complete a P87, which I sent a…
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Council Tax Liability Order
Hi all, Needing some quick advice. I have received two "further notice of enforcements" from an "Enforcement agency" both with separate reference numbers One is for roughly £600.00 with the liability order dated the 08/08/2014. The other is for about £50.00 less yet dated 05/09/2014. Is it heard of for a council to issue a…
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Gifting excess income
I am soooo confused! I have been told that I can save on IHT (or, rather, my children can) by giving them money out of my income. I actually have been doing this anyway - I pay a set amount off my daughter's credit card every month and I pay life and house insurances for my son every month. Apparently, so I am told, this…
