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PayAngels.co.uk safe?
Hi there, I just wanted to reach out and find out if anyone out there has used PayAngels.co.uk before? Are they a safe alternative to setting up your own limited company via your accountant if you are freelancing or consulting? It seems an accountant will charge about ±£2000 to manage the whole thing, whereas PayAngels…
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Rented property council tax demand
Posted this on another board but i'm not sure if it should be here instead.
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Can a person be denied going self employed?
I just read a odd article and wondered can hmrc, or anyone else be deny someone going self employed(aside from a bankrupt person)?
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P800 - Underpaid Tax but I'm PAYE?
Hi all, Basically I have had my P800 through and I have underpaid by £2300. I am salaried and PAYE so this surprised me, so I call the number on the calculation and they have informed me that my Company Car allowance was; 2012 - 2013 - Wrong 2013 - 2014 - missing 2014 - 2015 - late (P11D not submitted until July?) Now I…
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deadlines tax return and payment
I've changed my preference for paying my tax bill from PAYE through direct through my bank (online transfer). What I don't understand is, the deadline for the only tax return is January, yet the deadline for payment (not through PAYE) is also January. That doesn't leave much time for queries etc. How does it work?
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SA Helpline - quick
Called HMRC around 9.15 this morning and got through within 5 minutes. :j
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capital gain after property sale
Hello I would like to seek for some advices as this seems to be a bit tricky and I do not have much information on tax. I am a permanent resident in the UK married to an army personnel, and my brother was studying in the UK at a Uni. My father purchased a property close to my brother's school for me and my brother to live…
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switching from btw to holiday let (cgt)
I hung on to my first London flat and have rented it out for the last 15 years. It's very close to where I live now. I am thinking of switching it to a holiday let via airbnb as I think I'd enjoy the process and also increase my income. My question is, will this change my capital gains tax situation? As I've owned the flat…
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Company car tax
Hi all, I desperately need some help in understanding company car tax and what I would be required to pay. I'm due to start a new job next year and I'm trying to understand if I will be in the 20% or 40% bracket. My salary would be £43k and the P11D value of the car is £37k with CO2 emissions of 114g/km. I intend to make…
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Taxed on other income?
I've just received my Annual Tax Summary for 2014-2015. I have state pension and private pension but am slightly puzzled with Other Income. There is a figure of £5300, and the only other income I have is from savings interest. Any savings I have are in joint accounts with my husband and this figure is certainly nothing…
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Transfer Money to UK
Hi all, I'm working PAYE full time and I pay taxes @ 40%. I was born and lived many years in Brazil and I would like to transfer some money to UK (I would be using HSBC Global Transfer, but I can consider other methods) to start saving in a ISA to buy a house. Will I have to pay or declare anything? I have already paid the…
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Paying Class 2 NICS by Direct Debit
Hi there, My husband and I are both self-employed and have been paying Class 2 NICs by Direct Debit for some years. I understood that the system was changing to one by which the NICs would be collected as part of the annual tax bill following submission of Tax Return. However, I notice from our bank statements that the…
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Travel between company sites
I'm going for another job but will mean loosing the company car and going for an allowance of £360 per month I will have two places of work one will be classed as my base so no millage paid but travel to the other location is paid at 14p per mile Can I claim (45-14) ie 31p per mile back against my tax also ?
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Mileage rate above which you pay tax?
Pretty sure its 45p a mile isn't it? I run my own business and claim this (for first 10k) and there are no tax implications. This is the HMRC rate I understand. Wife is looking into a lease car for her job as nhs. Co-ordinator has told her that she'd get 45p mile but because its over 10p a mile (Where this comes from I…
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HELP - New to Self Assessment/taxing/HMRC
Hi everyone, This will be my first self assessment tax-paying year (2014-2015) in January and am looking for some advice and pointers. Let me go from the start. At the start of the educational year of 2014 (September), I started working in a school as a TA on PAYE basis, so tax is already paid for. But, I was also…
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Trouble downloading form d o 2 and other tax questions
Howdy! I'll try not to over complicate things . My brother,( who is not computer literate ) needs to complete this form to hopefully set the record straight with HMRC and pay his tax bill. He became an accidental landlord , and let his property out for 5 years. He never got an accountant as advised by me, until last year.…
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Tax on donations?
I am thinking of starting a service that will be totally free, but also asking users if they want to support me through donation button. Would I be expected to pay tax on what ever I get as donations?
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Pension Income Tax
I am a non tax payer, as in I work part time but not enough to pay tax or NI. I fill in a self assessment tax return each year as I have other income that I have to declare. Next January I will be taking some money from a pension, 25% tax free lump sum and a certain amount in income. I know that the pension provider will…
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Shares from accumulation of sharesave schemes
Hi I am fortunate enough to have racked up close to £60k's worth of shares that i would like to start turning into cash. I am very unclear of the tax side of this though so am keen to try and get a bit more info. i will trawl the net but chose here as my first port of call! the shares have accumulated over probably about 8…
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Underpaid Tax - Employer error?
Hi everyone, I need some help. I received a letter today from HMRC saying that I have underpaid my taxes for the year 2014-2015. As I was under the impression that my employer should be taking care of my taxes, I was very confused by this. They have told me that I owe them £335.60. The letter claims that my total income…
