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UK Employee moving abroad for few years.
The company I am dealing with having a situation that one of the employee who is a British Citizen moving abroad temporarily (probably 2-3 years). Currently this company do not have any branches in the country that the employee is planning to move. But still the company recognise the fact that she is valued member of the…
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Self employed maternity pay
I have been doing mystery shopping for the past years 'earning' a couple thousand pounds a year. I have just had a baby and have been told I'll get £27/week and was sent an invoice to pay about £35-£40 to the HMRC. Several questions... 1. Why did I have to pay tax despite earning under the taxable threshold? 2. I'm pretty…
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Delay in PAYE adjustments?
Mar 20 sent into claim the 'transfer of tax from Mrs Bob. got a letter back from HMRC late March advising that tax code change from 274 to 380 for year 2015/16. Fast forward to April pension pay. no sign of the £212 backpay for 2015/6 No note from pension office advising tax code change for 2016/7 Rang pension office,…
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Bonus - Overpaid Tax
Hopefully someone more knowledgeable here can give me a steer... A bit of background... I complete an annual SA because I do business mileage in a private vehicle. Did this on the 6th April for 15/16 and received a payment of £1600 In my April pay slip I received a one off bonus that put my pay for the month well into the…
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Please help £2000 fine for Late SA
Hi everybody I'm looking for some advice on a Self Assessment issues i have been having with HMRC for the last few years. Back in 2007 I was self employed for just 3 months for a job that I was required to be self employed for. I Completed my self assessment for 07/08 period as needed and instructed an accounting firm in…
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Newly Married and tax
Hi all, I am recently married and grateful for answers on the following: I own a house in my name which I currently let as job moved to London and I live with my now husband. He also owns a flat which he lets out so he could rent with me before we got married and his job moved. Will we need to pay capital gains tax if we…
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HMRC Lost my Bank Details!
Hey so the title is self explanatory Back in January I filled out a P87 form to reclaim fuel expenses and ticked the box for BACS payment with my account number and SC etc etc Fast forward to April 5th I receive a letter explain, I'll be getting £893 refunded to me and I confirmed on the phone then it should be today. I've…
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Filing Previous years' SA returns/recommended software
For various reasons I need to file some SA returns for previous tax years, can i access the relevant forms from the HMRC site or should i buy some online from a specialist tax software supplier and if so, does anyone have a recommended software e.g taxcalc or similar?
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Going from one owner to joint.
Person living in 600k flat bought outright in their own name , is joined by a partner . That was ten years ago. Ownership of the flat remained in the one name. Now they plan to sell , and buy a different property to better accommodate their children. They wish to own it with both names on the paperwork. Being unmarried, I…
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Interest from savings
Does anyone know why HMRC has changed my tax code so I effectively get less money each month based on interest I earned 2 years ago and have already paid tax on? I filled in a long form to query this and eventually had a reply telling me that the way interest is paid on investments had changed!! I know that. I just want to…
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National Insurance class 2 query
Hi all, I recently completed my first tax return as a self employed person. My profits were below £5,965 this time and so I opted to pay NI class 2 voluntarily. I registered for self assessment and started trading on 3rd November 2015. (less than 6 months trading in the 2015/16 tax year) I used that date in my tax return.…
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International Inheritance
My dad just inherited and he wants to give me some money. He's based in Canada. Should fall well below the inheritance tax threashold but is it something that I should declare and is taxable here? My mum, also based in Canada is starting to plan for us and in this case it would be over the inheritance tax threshold. Again,…
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claiming back tax when travelling
hi I am just after a validation of my thinking here. I am currently saving like a lunatic to go travelling next year, hopefully around October. The exact date depends on when it will be most efficient for me to leave from a tax perspective. As a higher rate tax payer, am I right in thinking that if I leave when my ytd…
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Starting rate for savings
I have received the marriage allowance for 2015/2016, so I have personal allowances of 10,600 plus 1,060. My income is approx 14,000 and I have savings interest of approx 5,000. This means I can make use of the 5,000 starting rate for savings. In July 2015 I was sent a tax code by HMRC which calculated my tax due by using…
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Retirement - Personal Saving Allowance
Simple Example Tom is 64 and has taken early retirement on a modest pension. Has a Personal Tax Free Savings Allowance of £3,000 (very MSE guy) and is due to draw State Pension on 03.04.17. The State Pension will reduce his Tax Free Saving Allowance for 2016/17, but if he defers State Pension for say 5 weeks into new Tax…
