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PSA and child benefit
Anybody know if savings income below the new personal savings allowance threshold counts towards adjusted net income for the purposes of high income child benefit charge? For example, if in 2016-17 one has exactly £50,000 of employment income (after pension contributions etc) and £500 of savings interest (paid gross due to…
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Ebay earnings
I fill in a self assessment tax form, up until now I haven't had to pay tax on my ebay sales so I just put sales at 5K but now I get my OAP I will have to pay tax. I know I can claim for things like business cards, printer ink, ebay fees etc, my question is if I have outgoings of say £1000 pa how will this impact on my…
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Fuel Card Benfit Query
Hi I have a fuel card with my company car, I use the card for personal use only. My p11D shows the Cash equivalent of fuel for the car as £4200 How to identify how much a month or year the fuel card is costing me in tax? I am a 40% tax payer. Regards
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"Flipping" house
I have two houses. My main home and a holiday home. My main home is worth a lot less than my holiday home. I have read about MPs "flipping" houses and I am wondering how to go about this as I am thinking of selling my holiday home and if I flip houses then I will possibly not need to pay CGT. Any Ideas?
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Salary Sacrifice - Have I Got This Right?
I pay basic rate tax and NI, plus a student loan, and I claim Child Tax Credit. I'm considering sacrificing £300 a year of salary for a non-taxable benefit (a mobile phone). Have I got this right - that I'll save... £60 a year in income tax (20%) £36 a year in NI (12%) £27 a year in student loan repayments (9%) plus also…
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Paying Tax from YouTube earnings?
Hello I have been dabbling with YouTube for a few years now after seeing a thread here along the lines of '50 ways to make extra income'.. Recently my earnings shot up and I am now earning around £1000 a month. I have a full time job and I do hit the 40% bracket. What should I be doing with my YouTube earnings? Must i pay…
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Do I need to claim every year separately
Hi, I have submitted an online claim for uniform expenses at £60 p/a When I submitted the form it asked what year I wanted to claim for with a choice of four previous years. I selected the oldest and guessed I would have to submit for the other years separately? Is this correct? To confuse matters i went to submit for a…
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Partnership net profit
Just wanting to confirm if you're not a partnership that it's net profit that is essentially a wage when app!Ying for mortgage etc? Rather than showing actual wage/salary? Thanks
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Why has my tax payment gone up?? (PAYE)
Firstly, apologies if this is in the wrong forum. I appear to be paying more tax per month this tax year than I did last year, and I can't find an answer as to why? My gross pay has not changed and neither has my pension/student loan payments, yet in March I paid £441.05 and in April/May I paid £478.60. I had thought (as…
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webchat?
anyone else find it a load of !!!!!!!! with some moron that just answers phones but doesn't have a clue, even when they say they will connect you to an SA advisor
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Left UK for Australia, decided to stay, doing a bit of remote work for UK company.
Posted this on the wrong board, so though I'd try here Hi So I've just decided to stay in Australia for a lot longer than I had originally planned. As such I didn't tell HMRC that I was leaving for good. I'm going to do that soon. I've just started doing a bit of work for a client back home in London, whilst in Australia.…
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Self assessment for mileage relief
Hello, Quick Q. I am in the process of claiming the mileage relief back for 2015-2016. I have covered close to 16,000 miles at a combination of 18ppm and 13ppm. I have received from my employer £2656.03 whilst at 45/25ppm the total would be £5932.48. Difference is £3276.45 @ 20% is £655.29 Now do I claim this via a P87 or…
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Partnership tax return help!!
I'm doing my return online, I am getting a mortgage very soon and need to show my proof of income. I am in a partnership and usually include wages in expenses but doing this cuts my share of the profit and on my sa100 shows my salary too low. I think I need to not include wages as expenses which makes the partnership…
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Tax return
Hi I'm looking for some one to do my end of year 2016. I rent a house out and need to do a tax return I loose around £120 a month with everything I pay. But been advised I need to donabtax return but never done one and just need to get someone to do this and how much it will be?
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Council Tax revaluation reasons
I'm filling out a council tax proposal to alter the valuation list form and looking for reasons for the band to be reduced. My neighbour successfully appealed their band some time ago but I don't know on what grounds. Since the band was set a large housing estate has been built surrounding the property and access to the…
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standard security checks
ok just got off phone with hmrc as SA is just saying bank payment pending, they said its going through their standard security checks , they don't need anything from me, anyone know what this is
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One-off £250 benefit in Kind. How will it be applied?
Hi. Our company is implementing a cycle to work scheme which I intend to use to buy a bicycle for £1000 which will be paid for by salary sacrifice over 12 months. After 12 months the bike can be bought by the employee from the company for 25% of the original cost (£250) or alternatively, the employer could choose to gift…
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Partial Capital Gains Tax
Hi I have an opportunity to move to the Netherlands for work which I am strongly considering but my mortgage still has about 18 months left. I thought about renting it out but reading on the gov.uk website tells me I will have to pay a capital gains tax when I do decide to sell once the mortgage runs out because I did not…
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Capial gains tax on overseas property
Property in Portugal is being sold. CGT will be due in Portugal. As I am UK resident will CGT be payable also in UK and, if so, can the Portuguese CGT be used as an offset? Also as both the original purchase and sale are in Euros do exchange rate variations get taken into consideration?
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Tax refund by payable order to bank, seriously messed up
Hi all, apologies in advance for the long post, I just want to see if anyone else has heard of this or had a tax refund this way and it actually go through? Basically I had overpaid tax last year by over £600 and it was paid through PAYE. As soon as I got my last payslip of the year I could see it wasn't right so used the…
