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Meal allowance as a PAYE
Any help would be much appreciated. I'm a service engineer based from home however work in temp locations in a 100 radius. I recieve no lunch allowance and am out of the house 9 hours. I generally buy lunch whilst out. Is it possible to claim anything back for this or is this wishful thinking ?
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Company Car oe Car Allowance? Please can someone help . .thanks
Hello, I know this is like one of those first world problems . . .but. . . . I have had a company car for the last 13 years, and the company recently changed fleet providers, and the list of cars is quite restrictive, as with 3 little ones all under 5, I would like to get a car with a bigger boot (to fit the double buggy…
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P11d, lease car and child benefit charge
Hi guys This is the first time I have had to do a self assessment. My scenario is that 2015/16 i earned over £50k, we receive child benefit for 3 kids and so I have started to fill out my assessment. I also have a personal lease car through work (which gets classed as a company car). I pay about £400 a month for the car…
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New Job - Car Allowance Etc
Hi All I'm hoping you can help. I have been offered a new job and I have also been offered a company car and fuel card. I'm trying to work out if my salary will actually be any better if I take it. I am currently on £25k and have virtually no commute. This new job is £31k (6k Increase) and I will be commuting 640 miles a…
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Wrong P60 salary
Hi all My "umbrella" issued me wrong P60 details. Between July 2015 and January 2016 my gross income was around £13000. I had a gap in employment due to holidays in February, and in March 2016 my income was £1568. My P60 says i earned £1568. They did not include my previous income between July and January. Last payslip…
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MSE News: HMRC call-waiting times 'cost taxpayers £97 million'
Taxpayers have borne the brunt of recent HMRC staff cuts in the form of increased costs...Read the full story: 'HMRC call-waiting times 'cost taxpayers £97 million'' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Question about expenses
I am employed and receive a monthly salary. I can claim 45p a mile for using my own car to go to meetings etc. I then receive these expenses in my pay the following month. Are these expenses taxable as it looks like it's been counted as taxable income on my pay slip. Many thanks in advance!
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Use statements to do accounts
We've always used statements to do self assessment returns, but now getting a mortgage we require audited accounts which we don't have, is there anyway we can use mixture of receipts and bank statements to do a business account spreadsheet? Thanks
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Self Assessment and the State Pension
HMRC tell us that you can get details needed to fill in a self-assessment return by asking The Pension Service "for a BR735 'Statement of Pension' form for the period 6 April 2015 to 5 April 2016." I've done this, and received a one-sheet reply: About your State Pension ____________________ Dear Mr Polymaff Please find…
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SDLT payable on Transfer of equity for mixed use
I bought our current home (plus land) in 2010, in my sole name just before Mrs caronoel and I got married. Bought the house as mixed used property at the time, as it has about 10 acres of woodland attached. There was a stamp duty benefit in doing this. Current value of the property is approx. £2.5m, with an outstanding…
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Car Allowance & Mileage Payments
Hi, I currently receive £410 pm car allowance which is taxed @ 20%, I took out a PCP using this allowance and some of my own cash to buy a new car I have to do a minimum of 9,000 business miles a year and was previous reimbursed 21p per mile. However this has been reduced to 10p per mile. Does this mean i am eligible for…
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Council tax has gone down...?
I just noticed my council tax amount has gone down this year (same band though). Which is great! But am wondering if it's normal for it to drop? Esp when the property has increased in value and the area has become a little more popular? And, if this is based on the council re-evaluating the details of my property (a flat…
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A Taxing question
I am considering retirement with a final salary pension. When I put the figures into an online calculator its says that to take a 25% lump sum as a commutation it will breach HMRC rules about taxation and that I will be liable for 40% tax on the amount over that level. My question is if I retired at the start of the tax…
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Got a UTR - what really happens next?
I have received a letter from HMRC stating they "have set up a Self Assessment record" me, mentioning my UTR. I did not contact them for an SA so it must be the second reason ('circumstances mean you need to complete a return'). The 2 changes in my circumstances from previous years: - savings interest expected of 3000,…
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Information about self assessment returns (partnership)
I know best option is to get an accountant but I'd like to understand a bit more about partnership returns. Is there any good information about? If I can give a example with made up figures it might help. If turnover is 30000 and expenses are 5000 net profit is 25000, is each partners share of profit 12500? And you can't…
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Redundancy, New Job, New Tax Code
I was made redundant on 31 March 2016 and was paid redundancy pay, PILON and outstanding holiday pay in April 2016. I luckily found a new job virtually straight away and started in the middle of April, initially 15.5 hrs a week but this will increase. I have received a new tax code notice for this tax year stating that my…
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Tax on compensation - don't want to commit fraud
I hope someone can help me to work out if I need to do something or if I'm committing some sort of tax fraud! I'm working away from home as a contractor, and claiming the cost of train travel through my umbrella company. The costs are therefore offset against tax, and all this is above board. However, I've had some bad…
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K51 tax code
So I have a letter saying I owe 520 quid in underpayment which has only arisen sine applying for tax credits. They want to change my code from 1074 to k51x To me this seems wrong as between now and march they will aquire an extra 2k from me on this code. Is this right and I'm wrong ? Wage is 19k annually Thanks
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K51 tax code
So I have a letter saying I owe 520 quid in underpayment which has only arisen sine applying for tax credits. They want to change my code from 1074 to k51x To me this seems wrong as between now and march they will aquire an extra 2k from me on this code. Is this right and I'm wrong ? Wage is 19k annually Thanks
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Moving abroad - where to get tax advice
Just wondering whether anybody might have any recommendations where to get some good ex-patriate individual tax advice. I am potentially moving to Amsterdam and need to work out how it affects my tax position. As a guide to my concerns I am 39 and have: - a flat in London which I could let out, or sell (or let out and sell…
