-
HMRC SA online 31 Jan 2016 = Sunday?
Hi I have a very quick question (sorry if it's been covered elsewhere). With the SA deadline being next Sunday 31st, does it matter if I pushed a same day payment through on the 31st. That is, will HMRC recognise a payment (or attempted payment) at the weekend, or will it be treated as received on Monday 1st Feb? Thanks
-
tax reminders
Last summer my wife did not get a letter reminding her of the tax due by 31st July. I letter did come 2 months later saying it had not been paid and tax was due + interest. I did get this and duly paid on time. Is the reminder a routine thing or is this only sent to certain people? Ta
-
self assessment online and calculating what is due
I need to check 2 things. 1. When you fill in a tax return online via the HMRC website, does the software work out the amount due? Is this immediate? i.e. if I submit the tax return over this week, will it tell me what needs to be paid by Sunday? 2. Does it automatically calculate payments on account and also take into…
-
Second job self employed.... tax wise where do i stand?
I am a full time teacher currently earning approx £22000. I have a personal allowance of £10,600 and pay the usual 20% tax on anything I earn above that. I am just starting to privately tutor outside of work. I am charging £25 an hour and am expecting to make approximately £4500 in addition to my original salary. I know…
-
New to self-assessment - Accountant advised not to claim for proportion of home used
My husband became self employed last February and we are completing our first self-assessment. We spoke to an accountant as we thought it may be daunting to do ourselves but I've decided to give it a go. He said to us that we should not attempt to claim back anything against the proportion of the house used for his…
-
Claiming EIS capital gains tax deferral and SEIS reinvestment relief in self assessme
I am claiming EIS capital gains deferral relief and SEIS reinvestment relief for 14-15 tax year on my self assessment form and just wanted to check my understanding of the correct way to do this. As an example: 14-15 capital gains (before any losses) £80k Amount invested in EIS £20k Amount invested in SEIS £10k Am I…
-
Paying tax on account
I've filed my SA for 14-15 and it says: However on the 'my tax account page' it says I know I owe tax so who should I be paying it to / where and I'm assuming it should be before the 31st Jan deadline?
-
Dual citizen tax UK/US help please!
Dear Sir/Madam, I am 27 years old, and was born in USA so have dual UK/US citizenship. I have been a student until now, but have just got a job (in the UK). My annual salary is £38k, and I was wondering whether I need to be paying tax in the US as well as in the UK? I have tried to look this up, and it seems like the US…
-
Paying Self assessment tax on credit card
If you pay your tax bill by credit card there is a 1.5% fee. Fine. Does anyone know if it is treated as purchase or as a cash advance by the credit card company? I have a 0% on purchases card and even with the fee it makes sense for me to pay on the credit card, but only if it is treated as a purchase not a cash advance.
-
self assessment and paying 2015/16 tax in advance
Submitting my self assessment as I have a p/t job that's only 12 hours a week with some overtime, plus I have income from property. I don't earn enough with my p/t job to pay tax but with the property income added I need to pay tax. However it has automatically added a payment for 2015/16 tax onto the sum due and then…
-
Allowable expenses re: lodgers.
On this page http://www.hmrc.gov.uk/manuals/pimmanual/PIM4030.htm it mentions in the examples landlords being allowed to deduct expenses from the rental income from their lodgers. However, I cannot find any list of (a) what items qualify as allowable expenses in these circumstances, or (b) what percentage of those expenses…
-
Property Income on Tax Return
I used to equally distribute the income of our UK property between me and my wife. But this year I realised i would avoid 300 GBP if the income is declared just from my wife's account. Would changing the way I declare cause a problem?
-
Working from home - deduct a hotdesk rental?
Hello Wise MSE'ers, I'm mulling over an interesting opportunity to change job. The company is 120 miles away from where I am living and they've accepted that I don't want to relocate (it's complicated, it's my ex-employer and the manager knows the full story and has accepted it). They are willing to accept a working from…
-
Self Assessment - Previous Years Losses
Hi All, I'm getting myself tied up in knots overthinking this and reading too many posts on the internet so hoping someone can just tell me if I'm doing this correctly or not (or what I should be doing!) I'm filling in my Self Assessment online. This is the first year I have made a profit so I want to offset previous years…
-
HMRC Self-Assessment Help
HMRC have asked us to let you know about a service they are offering. The Self-Assessment tax return deadline is approaching on 31 January. HMRC are offering free help and support with Self-Assessment in the form of live webinars. There are 7 more sessions between now and the deadline, giving you the chance to get any…
-
Tax bill sent in error do I have to pay to avoid fine?
I have been a long term full-time carer and gave up my job 12 years ago to do this. So have very limited income. As I still had some money coming in from my old job (a writer) I have continued to do a self-assessment form each year but for about 6 years have not earned enough to pay any tax. I am now over pension age so no…
-
Help with CGT on property sale
Hello, I've sold a property for the first time and would like some help please on my CGT liability. The basic facts are: - I purchased a flat in July 2002 for £128,000 - I lived in the flat until August 2005 (when I moved to a house with my now wife) and then started letting it out. - I sold the flat in July 2014 for…
-
Self Assessment - Online Payment not showing om account
Hello I made a payment following my SA return by the HMRC 'Worldpay' online system with my debit card on 20/01 in the morning and received an online receipt. Yesterday, 21/01, I received a text saying I must pay by 31/1 or incur a penalty. This morning I have logged on to my online HMRC account and the payment is still not…
-
Tax and NI on employer funded accommodation
Hi As part of my job for the next year I will be working on a different site, since the daily commute is going to be very long - I would be eligible for accommodation reimbursed by my employer. But during the whole year I would still be having my family home as base - as cannot relocate my wife and child. Will I have to…
-
Claiming Tax Back
Hi Just a question on how to claim tax back. Last summer I worked in London for 3/4 months, The wage was very good and I was paid weekly into my bank account. I was being tax heavily and a colleague said it was because the tax office would think i was paid 52 times a year. I was being taxed around £400 a week, the job it…
