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using car for work employee
Hi, I did ask this question a while back, I still wasn't clear on the answer. I have a job starting as a mobile cleaner. I clean various sites within a 30 mile radius. My employer will pay mileage from the first job each day, to the last job, but not back to my home - this means that I will have to cover the journey to the…
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Self-assessment, expenses claim from previous year
Hi, I started working on my business (buying tools such as computers, software etc) in 2013-2014. I spent around 10k on various items and also spent time off work (working on these projects). I didn't do any active trading until 2014-2015 (since I had no income coming in, just outgoings). I registered for self assessment…
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HMRC reponding to letters
I sent a letter to HMRC on 17th June and yet to receive an acknowledgment. How long does it normally take HMRC to respond? At what point would people recommend sending a follow up letter?
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Private Hire Taxi Driver Self Employed - purchased a car
Hi My husband is a self employed private hire taxi driver. Last year he purchased a second hand diesel car for the cost of £9000. I am doing the self assessment tax return. Can I take out the full cost of the car as an expense as he needs this to do his job? Or can I only deduct the capital allowance at 8% as it is a…
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CGT on sale of Inherited house
Morning all, my brother and I have just been granted probate on our mothers house, although no IHT is due , the London market prices have raised substantially and I think that CGT is payable, has anyone any advice as where we start with this side now? Regards Simon
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employed and self employed
If I am both employed and self employed, and earn £37k employed and £5k self employed, have the full tax free allowance, and do not claim any expenses, and pay plan 1 student loan repayments, how much income tax and student loan would I need to pay overall for the year?
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Shelving or closing a company
Hi all, I have been working on and off as a contractor (IT) for several years, and travelling between times. I am now and have been for the last two years employed, but I find my company costing me near £1000 pounds a year in accountants fees with no income to offset that at all. Can anyone advise on what would be the best…
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IHT and potentially exempt gifts
A family member has recently sold their main property and wishes to gift around 100k to each of her two children. Although she lives full-time in a care home, they have planned accordingly and she does not have to worry about deprivation of assets as the care fees are paid from another source of income. I am trying to help…
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Claiming tax back?
Hi, I ride a push bike for my job and I have been told I can claim tax back on tyres, inner tubes and maintenance of my bike. Also that I can claim tax back on washing my uniform. If this is true how and where do I look into this? Many thanks
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Student Loans - Self Assessment
Hello All, I am hoping someone will be able to help. I've nearly finished paying off my Student Loan. Yippee! I am just wondering how I will show this on my self assessment. I normally have to pay a an additional amount as I received extra income from a rented property but will not need to be paid as the loan will be paid…
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Tax relief claim query - Teacher
Hello All, Looking for some advice - received an email from a company who can claim back tax paid on union fees over the last 5 years and to change the tax code to reflect future tax relief on these costs. Now they decide to charge £48.50 for doing this but I am positive I can be doing this myself. Can anyone advise if…
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Earnings donated to charity
Hi, I periodically get a small honorarium for speaking engagements, I do not wish to accept this and want it to be donated to charity directly by the organisation instead of giving it to me. Do I have to pay tax or have any tax liability for this? Is there any tax problem for the organisation who donates the money? Thanks…
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Change of jobs, worried about the tax / outstanding bonus
Hello, Here's my current situation which I'm hoping you can help with. - Left my previous employer 2 weeks ago - 20% tax payer, company car and fuel card - Paid on 15/7 - However there's a bonus outstanding which will be paid on 15/8 New Role... - Started almost immediately afterwards - 40% tax - Car allowance (so not BIK…
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Opting out of company car, help with fuel claim pls!
Hi, I've searched topics but can't be sure I've found the answer to the right question! For the first time in my career, I'm opting out of company car scheme and buying my own. Having done the sums and factored risk, I'm confident it works in my favour for the car I want to drive so taking the plunge! Bit stuck on the fuel…
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Wrong Tax Code?
I have been in the same job since June 2014 and i was on the correct tax code up until april this year when my tax code changed to 50l which allowed earnings of £500 before i was required to pay tax. Im on a basic salary of 18k and i do earn uncapped comission aswell which varies each month. I got the tax code changed…
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Sport supplements flat rate scheme VAT
Hi, I have online shop with sport supplements, drinks, tablets etc. I've just registered for VAT flat rate scheme. The question is: How much % of VAT shoul I add to the final price? I can't just find this category anywhere. Thanks for any information!
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National Insurance - 2 jobs
Hi, I was wondering if some could clarify the rules regarding employee and employer national insurance when someone has two jobs. My wife currently earns under the NI threshold and is looking to start a second job which will also be under the threshold. Does she not pay NI on both jobs or does one of the employers need to…
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Wrong tax code?
My girlfriend has 2 part-time jobs. Job A pays around £500 per month, Job B around £350. Her tax code for job A is 120T and for Job B is 939L. That is wrong isn't it? Means she is paying tax on job A's wages when really she shouldn't be paying any tax as she's under the threshold?
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Question re CTG on Mum's house
9 years ago my mum signed her house over to my brother and myself. She now lives with me. We are thinking about selling her home but wonder would we be liable for CGT. Does anyone know? Thanks in anticipation
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Travel Expense But No Receipts
Hi I know that for working from home you can claim 26 quid a month under current rules using the simplified calculations meaning that you don't really need receipts. Is there something similar for travel. Throughout the year i probably spend about £300 to £500 on taxis but like a nut didn't get receipts. I remember…
