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Urgent tax advice needed
Hi everyone Probably a common one, but I had thought I'd be OK to complete my own return this year and yes, I left it until now to get around to it as I've been so busy at a new job. I've had a crack at it, and something has now come up that's made me realise it's going to be a lot more complicated than I thought, and I…
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HMRC Self Assessment down.
Just when I was going to be good and file my return before 31st January this time!!:) HM Revenue & Customs Sorry, we’re experiencing technical difficulties[ Christmas Party?
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Tax efficient draw-down from SIPP
I made a net loss of approx £8,000 from self-employment in 2014-15 with no other income. I want to draw down some funds from a SIPP during 2015-16. I understand that I can choose to have 25% of this tax free, with the remainder taxable. Two questions: 1. Can I use the 2014-15 loss to offset the taxable part of the…
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tax statement
are the hmrc late in sending back tax statements i sent my self assessment in to hmrc in sept havent heard any thing yet i usually recieve it by now
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buying from germany
Really not sure this is in the right place but I couldn't see anywhere more suitable. I've just bought an item from Germany (online), the website is a .Co. uk site and it cost just over £200 including 19% vat (German vat it seems). I've found people online who've bought from this site and say it's ok. My question though…
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Any tax whizzes? Changing jobs query
Hi, I have just changed jobs and am worried I underpaid tax this month (a colleague who started last month in similar circumstances reports a big clawback through PAYE this month) I left Employer 1 on 4 December 2015. My last payslip from them showed a gross pay of £806, but then a positive tax adjustment leaving me with a…
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Help - Notice of 6 yr old Liability Order - Council Tax
Hi all Not sure if this is the right place for this, but would love some advice. My ex husband has received a letter addressed to both if us (including me in my old married name) from the council starting that in June 2009 a Liability Order was issued for council tax. Arears amount just over £1k, LO for nearly £1700! The…
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parking fee & self employed
Being a bit thick today. I'm. A self employed sole trader. Sometimes I have to pay for parking. I add the parking ticket to my invoice with various companies who add it on to my total taxable pay. So do I put this down as a taxable expense on my return or just deduct it from my total turnover. ..I've paid from my own…
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self assessment payment on account
Myself and my wife own property and so the income tax is done by self assessment. When the the self assessment statement is received there is a demand for tax on account for the following year assuming you are going to make the same income for the following year as you did this!!. We have always filled in SA303 to nullify…
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Professional Qualification
Hi there, wondering if anyone can help me. Whilst on a graduate scheme I did a professional qualification which the company paid for me. However, as I left the company they made me pay a contribution around 50% or less that amount to around 2 thousand pounds. Thinking back, I wonder if I can re-claim tax on this? I was…
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Transfer of Inherited Property to reduce CGT
I understand that if an inherited property is transferred to the beneficiaries before sale they each have their personal CGT allowance and so a greater gain can be made before hitting a tax liability rather than if the executor sells the property. However, what if there are more than 4 beneficiaries, does this mean the…
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CGT Query
Apologies, I'm a natural worrier when it comes to money. I've just come back to a letter from the tax man, they don't reopen til Monday and I couldn't really suss this by Google searching. I was wondering if anyone could provide the guidelines for me to work along We bought a family home early 2005 and lived in it as our…
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Working out tax on bonuses
Hi, just curious to know if anyone can help. I'm wondering how I go about working out how much tax is likely to be taken on my bonues Just wondering how I'd work out for the next years bonuses?
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Self assessment, working from home
Hi All I'm currently filling in my self assessment online and want to claim for working from home. But for the life of me I cant find where the section for this is. Can anyone point me in the right direction? I had the same issue last year and ended up giving up and not claiming. Thanks
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Home to work travel expenses, self employed.
From the research i have done the travel cost from my home to my place of work (market hall) is not tax deductible. Should i still be keeping a record of this expense or does it just come out of personal cash? For some reason i have been under the impression i only need to record tax deductible expenses and have records,…
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Countries Without CFC / Anti-Avoidance Rules?
I am looking for a (preferably) European country where I can live and RUN my Delaware internet business from, without that country taxing the company. I am fine with paying personal income tax on everything I pay myself in dividends/salary...but I don't want them to touch the company earnings. What are my options (if any)?…
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Self Employed for half the year.
Hi, From April-August 2015 I was self employed. I am yet to complete my assessment for my tax. In September I started an employed job with a salary of £21,500 per year. I have not been taxed at all since starting (tax code 1060L). Am I right in thinking that the HMRC will not have taxed me as they they think I have not…
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Need a software recommendation for Trust tax self assessment
Can anyone recommend the most user friendly software for a self assessment tax return for two discretionary trusts (Forms SA900 and SA903). I'm a bit overwhelmed by the choice and the prices vary a fair bit. We usually do a paper return but not this year - starting to regret it! Thanks.
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Christmas Bonus (No idea where to post this)
Hi, This is a question about tax on bonus not sure which section i should have posted this as i could not find anything on tax - sorry again I get a Christmas bonus of 500 dollars... sounds weird but i work for an american company and it comes from the owner of the company i believe. This works out at roughly £300 when…
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How much will i take home to assist with Mortgage deposit?
I am in the process of purchasing my first home and need to know how much my take home pay will be in January. My Salary is £42000 before tax. I also get a £8000 car allowance before tax. I have a bonus due to me in January of £13500 (Gross) Any help would be appreciated.
