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Tax rebate from PAYE - will it be automatic
Hello, I left a job mid way through the tax year. Claimed JSA for a bit but didn't get a new job in the tax year. Will I get a letter soon saying I'm due a rebate? I'm sure this happened last time but its been a few months and nothing so far. Thanks
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BR tax code
Hi. I have 2 jobs. The first , main employer uses correct tax code.. Second employer payslip said BR when it came. I have corrected them on this. Will I get a refund from HMRC automatically at some point or do I need to actually apply for this? Thanks
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Advice on Selling the house and giving money to children tax free
Hi We were planning to sell our house and give the money equally between our two children. It may mean about £200,000 each.Is there a way we can give this money to our children without them incurring any tax on it?
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UK Tax Allowance Deduction from Pay?
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Is PGSE cost tax deductible?
Hi all, My wife has just been offered a teaching job... She is not fully qualified yet and needs to complete a PGSE course. This will cost around £4200 which she will have to pay herself. Will she be able to deduct this amount from her annual income? and will/should the college take care of this? Thanks for any advice…
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Tax Treatment of Property Income Changing, Is there a mimimal income disregard. gingh
This year there has been a lot of interest and publicity about the first £1k of interest being disregarded for tax. [What interest ? I hear you say] However there are also changes in the tax accounting for rental income - basically the government wants to speed up the tax, to match the taxing of a business. I get the…
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CGT concerns-please help
Hi all, I've been let to believe recently by a colleague that over last few years I may have broken some CGT rules without realising it. Please can I get some solid advice, so both me and wife can sleep well again...;-))) In Nov 2005 we purchased our first home together (house number 1 with mortgage) for 81250, we were not…
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Tax code question
Apologies if this belongs in a more relevant forum. I received a letter from HMRC stating that my tax code should be S536T on all wage slips and that I should contact them if this is not the case. My wage slips have 536T but no S at the start. Should I contact them or does the letter not make any difference? Thanks
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Child benefit on tax return
After entering in that I have 1 child, my tax return always shows: The total amount of Child Benefit you and your partner were entitled to receive for the year to 5th April 2016: £ 1097.00 [This figure is auto-calculated]. The site also says: If this figure is not correct, select 'No' and you will be given a chance to…
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Class 4 NI question - please advise
Hi all, So last tax year ending 2015 I had a total income of £13,300 and I didn't have to pay any class 4 NI, I paid class 2 and had a rebate of £1,300 or so. However this year I earned a total of £15,500 and a rebate of £2,250 reduced to £1,400 due to £150 class 2 and £695 class 4 NI. Why have I paid it this year but not…
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New Cash Basis Accounting
Hi, Hoping someone can help with this cash basis accounting method. I am self employed and have just pulled out my self assessment to complete and noticed this new box. I currently work for 2 different companies and I invoice in arrears. For example for March 2016 I invoice on the 15th April and get paid by both companies…
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BR taxcode help
Hello. I've got a new job and my payslips say that the taxcode is "BR" I have my own business that makes maybe £1000 max yearly. My new job is giving me approx 900-1300 per month, but I am getting taxed full whack, despite working for 6.70/h. My supervisors get taxed less than me and it is kind of stressful. Can anything…
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Claiming interest tax back based on bank statements
Hi, As I earnt only approx £14000 on my P60 this year, I believe I'm entitled to claim tax on some/all of my savings interest back. As I don't have annual statements yet from a couple of my bank accounts, is there any potential problem if I just total up all the figures from monthly bank statements and work out any gross…
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Tax Relief on Expenses
I have a colleague who claims to be getting large refunds from HMRC by claiming tax relief on expenses incurred through work travel. However, these expenses are already reimbursed by our employer. For example, if we spend £100 on a hotel our employer pays us £100. He is then claiming tax relief on £100. I have been trying…
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Which tax year?
Please will someone help with this? 1. I took redundancy and my final day was 5/4/16 ie last day of the financial year. I received a redundancy payment and pay for the few days in April. The redundancy over 30k and the pay was taxed at the 40% rate, and on my payslip is referred to as taxable pay. Because of the amount I…
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Rebate - incorrect account number
When I submitted my wife's tax return I unknowingly entered one digit of our building society account number incorrectly. Later we got notification of her tax rebate. When it didn't arrive I checked my copy of the tax return, realised the problem and phoned HMRC. In due course the rebate arrived. I have now received a…
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confused....national insurance
Hi I am trying to do my tax return online but dont understand if I need to pay class 4 NIC I work full time employed as a nurse and pay tax /Ni and pension as part of this and my employer takes all the above at source. in addition I have a small business that brings in about £4800 after I have taken off allowances in the…
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S4 on SA online
My answer to each of these Qs is £0, but then it wants me to insert a figure greater than £0 or I cannot proceed. Also a previous Q re 'Tips'... I insert £0 and the section will not complete. Any ideas please.I.m not a farmer or artist ! Sec.4 Adjustments to tax due Top of Form 1 Do you need to make any adjustments to…
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Someone able to explain Income Tax/Tax Code
Hi, I have posted something relating to this in the marriage allowance, but having looked into it a bit further my head is totally frazzled and can't understand the HMRC information. It relates to my wife, she was on £10010 per annum, no other source of income, therefore she paid no or minimum tax. Now last year she would…
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Self employed - tax on expenses
I have recently taken up an offer of early retirement/voluntary redundancy and have now found some freelance work. The company I will be doing this for will pay me an hourly rate, and will reimburse the cost of my travel to their offices or anywhere else for meetings etc (I will be working from home) - this will be…
