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Cutting tax
Archives for June 2015
Discussion List
Earning secondary income
Hi - I am employed and have recently been given the chance to earn extra cash by providing freelance services to a third party outside of my employment. I am trying to figure out the best way to maximise my income - it will work out at around £5,000 per annum I suspect. My wife is currently unemployed and I wondered if I…
2016 tax savings on interest
Will the £1000 relief apply to interest earned or paid in 2016 i.e. if I have a 2 year bond due to mature in May 2016 will all the interst up to £1000 be tax free?
Tax on Maternity leave! So confused, please help!
Hi, We are due to have our first baby in September and are frantically saving and budgeting to get us through and allow for me to take the full year off. I have a beautiful spreadsheet but I am so so confused by the tax and national insurance. I wonder if anyone can help me fathom it all out!!?? Here are the basics of my…
P60 and previous job
Hello everybody, I just received my first P60 and I would like to understand some information. I started to work in UK (I'm Italian) on November 2014, than my company was sold (or something like this) and I started with the new company on 1st of March 2015. So I received a copy of the P45 from the old company. Now my P60…
Company Benefits & P11D
Hi all, I'm new to the forum, please inform me if I've put this in the incorrect place but it was the closest I could find. Basically I have joined a company that works with a points benefits system. Eg. I get say 3000 benefit points per year. These can be spent on holiday, dental care and even an employee car ownership…
Business registration
Hello ive had a business account on ebay since 04-Feb-2011 and in this time i have only earned £8,490 not profit, and ive decided to register my business as i would like to work from home full time, would i be liable to pay any tax over this 4 year period please regards John
Stopping Self Assessment
Thanks for reading: My salary as an employee has dropped below £50k and until now I have self assessed as required by HMRC due to the Child Benefit rules. How do I stop self assessing? Is it as simple as not filing a return? I don't want to be stung with the wrath of the tax man for not doing a tax return and this is…
Is my tax code correct?
I had an issue recently with HMRC giving me tax relief on pension payments but only calculated it on my net payments rather than gross which has been sorted out now, but it made me think maybe they messed it up for this year when they changed my tax code to allow me to receive the relief that way this year. Could someone…
Claiming overpaid income tax through HMRC
Hi, I received a lump sum income payment having recently left my employer which was all taxed at a PAYE temporary tax code based on zero personal allowance and at 45%. This means I have a decent bit of overpaid tax to reclaim but is there any way I can claim it now from HMRC or will I have to wait until I do my self…
Overdue tax and penalties
Hello fine money saving people, I have a major predicament with overdue tax. My main question is about what penalties to expect, however here is a short background on how I got to where I now am. I am a New Zealander who lived in the UK and worked there from 2006 - 2009. I returned to New Zealand early 2010 and have…
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