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Cutting tax

Archives for July 2015

VAT with education discount
I'm returning to university this September as a mature student and keeping my current job with more flexible hours. Because I'll be out of the house a lot I'll need a laptop for work (I work remotely and normally use a desktop PC) which I should be able to claim through work as an expense. As a student, I'm entitled to a…
advice on tax
Hi, i need a little advise if someone has 5 mins to reply. I left my job end of fwb this year ( started oct 14) my wage was 24k. I was out of work til june 1st and provided p60 form when i started. ive since been paid twice and not been taxed except NI. I cant understand why and worried i will get over taxed to back date.…
Is there anything I can claim for?
With so many adverts/texts/emails flying around telling you they can claim back/against your tax code it got my thinking, is there anything I can claim for myself? I've never thought about it before so have no idea. I work for Openreach (Employed), wear a uniform, do a reasonably dirty job, work out of a van not a fixed…
JSOP (Joint Share Ownership Plan) & Tax/Tax Credits
Hi there :-) I was wondering if anyone knows about JSOP (Joint Share Ownership Plans)? The umbrella company that I work for has paid me partly through PAYE and the remainder via JSOP dividends. It is my first year in this type of employment, and I want to make sure that I inform HMRC of the correct figures for Tax Credits…
Childcare vouchers - employers charging admin fee
Hi Me and my husband both get the maximum amount of childcare vouchers each month from our salaries. However, my husband's employer also charges him an admin fee of nearly £30 which is what they say the provider charges them. Yet I've seen everywhere that the employer gets benefits from providing a scheme. Are this…
P45 Part 1 a Box 7 and 8 question
Hi - would appreciate any help on this matter... My new employer is asking me to send wage slips from my last employer to their accountant as the accountant was confused by the details on the P45. I don't know exactly why yet as I've not yet spoken to them but I am hazarding a guess. On Part 1a box 7 it asks for total pay…
Property rental or sale - tax enquiry
Originally put this request in house purchasing and rental, but it is really a tax question and may not reach the best person. Hi, Am am unsure about my tax status and would welcome any advice. I am due to inherit a 1/3 share of a property. This is valued at £175K, and rented out currently for £550 PCM. This will be…
Bit confused -- tax code?
Hey, My tax code has always been 950L I had a rebate this year AGAIN of £100 and it has a note to say I haven't benefited from this years tax rate. I don't understand why I am on this code? all my colleagues who are even on more than me are on 1000L/1060L ? My income last year was £20,223 I don't have uniform, car, any…
starting my own buisness
hi i have a job which pays less that 10000 per year i have a job on the side cash in hand i want to make this as my own business while keep my job can i be employed and have my own business? i don't pay TAX as dont make enough on my job but with my other job becoming a business will that effect this? what about VAT ? do i…
Self Assessment - dates?
Pardon my ignorance but my daughter was self-employed for a short time. She finished in January of this year and has just, this morning, paid a 6-month tax bill, due the end of this week - 31st July. I'm struggling to find the dates that this payment covers as her ex-accountant's invoice doesn't specify so I'm asking you…
Claiming tax relief on journey to work
My wife has been employed on a six month contractor contract. She is working in the same office every day, which is 20 miles from home. I appreciate that if she was an employee she would not be able to claim for her expenses in driving back and forth to work, but is it different because she is a self employed contractor?…
July 31 second payment
Hi everybody. I would like some advise about self assessment tax. In 31 january 2015 i paid my tax plus 50% for the next year. Now i should pay second 50% till 31 july 2015 but i already did tax return for next year and the amount i have to pay till 31 january 2016 is less than that 50% i already paid. Do i still have to…
Should I pay myself in dividends?
Hi all, I currently work as a self-employed freelancer. I earn about £3,000 per month / £36,000 but can go up to £4,000 per month on a good month. Is it worth becoming a limited company so that I can pay myself in dividends, considering I'm only earning this amount? Would I save much money vs the costs involved in setting…
Should I cut my hours.
Hi. I'm currently doing my summer job during my summer break. I will be earning approx £1060 - £1120 this month. Now I'm wondering will i be taxed more if I pass a certain threshold? I would get a tax refund if I do pay tax, but I'm trying to maximise my earnings before uni starts again. Note: I only work during the summer
Rental Tax on Joint Owned Property
My wife and her sister jointly own a flat which was bought for them by their parents. Last year the flat was rented out. All the rent money came into our account and then we sent a portion off to my sister-in-law, we kept a portion and then we put another amount aside to pay for the tax. My intention with this was that we…
Freelancer outsourcing work
Hello, I am a self-employed freelance writer and this is the first year I'm thinking about outsourcing work. In short, I have multiple clients who provide me with lots of work and I find myself needing help to complete it on time. I have a couple of other writers to outsource to and I was wondering how do I write off the…
Can I pay my tax bill using different bank accounts?
Hello, I was wondering if I can pay a tax bill using a combination of different bank/credit accounts? I would like to use a 0% purchases card to pay most of the bill (I realise there is 1.4% transaction fee) but there is still some of the tax bill left over to pay due to the credit limit not being high enough. I'll pay the…
PAYE over payment
Hi I have just received abonus from my company in my salary this month and have paid a whopping £10,500 tax on this! I usually have an annual salary of £41,000 -£45,000 so but this month i have also been paid a large bonus of £25,000. This is a 1 off payment and I will never see this again. From the tax calculators I've…
Payment in Lieu of Notice Deductions
Quick question , I have just been dismissed (capability) but will be given a payment for 12 weeks in Lieu of notice ( £6000 before stoppages) , but had read somewhere that the tax office will assume it is my new weekly wage and tax me higher... I rang the Tax office and the guy told me that yes I would probably be taxed…
What can I do if my previous employer hasn't paid my tax?
I tried to claim a tax rebate but was informed by HMRC that my previous employer did not pay my tax. I have managed to find a handful of payslips which show he deducted it from my wages. Is this enough to prove I paid it? What should I do now? Any help much appreciated.

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Cutting tax

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