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P11D & Expenses
Hi, Does anyone know the answer to this? I'm in FT employment with home as my place of work. However I commute to the office/site once a week by train and then stay in hotel for 1-3 nights a week. All my expenses are covered, food/hotels/travel etc... In my previous job I had a similar arrangement but it was always to a…
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One off bonus tax is high
Hi all, I am a bit confused about why tax would be different on my bonus to my regular salary. I earn 30k p/a and don't usually get bonuses. But this year I have us 2 on two separate occasions. The first at the end of April was £1000 but I only received £680. The second this month was £650 but I only received £442 after…
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Company Van and Tax
I've recently started a new job with a small company van. I use a fuel card which pays for fuel for both personal and business use. - How do I calculate what the impact will be on my tax taken and take home pay? - Having looked on the gov.uk website, it's unclear whether the mileage / cost of fuel is used in the…
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accountant to fill tax
when using an accountant to fill tax return, can we include its cost into in orde to reduce amount of tax.
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Calculating taxable pay
Currently trying to work out taxable pay. Pay in 2015-2016 as per P60 £62110 tax paid £14243 But pension contributions are deducted from taxed pay with tax relief at 20% being added by the pension company. So £6442 has been paid into the pension but with tax relief at 20% it equates to £8052 in the pension fund. So is the…
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Do I pay CGT?
I brought a property in 2001 and rented it out. At the time I was in the forces, so it was my only property (as I lived in barracks). In 2012 I moved into the property and in 2013 converted it into 2 flats. Since then, I have lived in one of the flats and rented the other out. I am now looking to move but am very confused…
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need I file a tax return?
I am Executer of a will (Probate granted last year). Looking online, I see that SA900 (Trust and Estate Tax return 2016) starts by saying: However I have not been sent a SA900, or any other request for a tax return. No tax will be payable. Most assets are still tied up in a property that is currently being sold. The guide…
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mistake on a tax code letter
Any advice please. Son has a new job and he has completed all of the right paperwork He has had 2 tax code letters this year. The first one still had listed as his second employer a hotel he worked at as a student about 3 years ago. So he wrote and told the tax office about the mistake and gave them as many details as he…
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Help regarding relocation
Hi All. Hope this is the right place to ask this question, and that someone can help. I currently run a small ebay business buying & selling, but am about to move abroad. I understand that I need to complete a p85 form does this replace my self assessment form for 2016-2017? Also I will have unsold stock. I'm unsure…
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NHS salary sacrifice lease car HELP!?
I have a nissan juke on salary sacrifice of £333 a month. my tax code has been halved due to this . I received my p11d and payroll has not put my personal cobtribution for the car on it so while i earn £13000 a year i pay £3990 salary sacrifice and my tax code has been reduced by just under the same amount. is anyone else…
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Emergency Tax question
Hi, Hope someone can answer this question, my husband started a new job which is with an agency for the first 12 weeks. He got his first weeks payslip yesterday and his tax code on his wageslip was 1210M W1 because this is an emergency tax code is this why he has paid tax on his wages? Looking back at his last jobs paylips…
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Need help regarding tax!
I have just been having a financial sort out. With new taxation regarding savings I was a bit unsure of what we should expect. How often will we get a tax returns form, we have not had one for years? We have a lot of savings in ISA's. As I understand it, those savings do not count for tax. We have other savings which have…
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Using an accountant
Ive signed up with an accountant to do my Self assessment, does this mean i dont get to access the online account at all to keep a check on things?
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Tax code help
Hi, Just received my 2016/7 tax code through following my SA. I'm wondering if they have it right. It seems weighted in my favour so don't want to under pay for the year. I earn £45,000, so technically a HRT on a small amount, however I contribute via salary sacrifice 13% of this, which as I understand more than takes me…
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Staying self employed and becoming employed
I’ve been self employed for 4 years and I'm becoming employed in October, but I would like to continue doing some of my self employed work alongside my employment. My employers are fine with this. I have two questions: 1 - what do I need to give my new employers to ensure they can set up my salary smoothly, I don’t have a…
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Authoritative information on NI contributions
Hello, I am a regular full-time employee, and I believe I have overpaid NI tax. I'm on fixed annual salary without overtime and usually an annual bonus. I also get small employee benefits (medical insurance) and claim some employee expenses. Also relatively small amounts. I am paid monthly. Last year I changed jobs and had…
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Moving from employed to self employed
Hi. I have worked in a PAYE job since Jan. This tax year I have paid about £2000 in tax but am now leaving my PAYE job to become self employed. From last year's self employment return I owe about £2800 inc POA. How will it work with the £2000 I've paid in PAYE tax. Will it be refunded if I don't take another employed job,…
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how much tax should I pay?
Can anyone pleas tell me how much tax I should pay on an income of 40k annually please? Thank you very much
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SA payments on account
Hello I'm fairly new to SA and 2014-15 was the first time I went over the threshold of 1000 tax due and so they asked for payment on account for this year. I knew taxable income 2015-16 would be lower so I asked not to pay and they agreed. Sent in my forms for 2015-16, and they've sent the assessment back saying I owe £340…
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Why does underpaid tax reduce tax due?
I am viewing my self assessment calculation before submitting and I don't understand why the line "Underpaid tax for 2015-16 included in your tax code for 2016-17" appears under the section "minus Tax deducted". According to the instructions, I have entered the £534 from my 2016-17 P2 as tax owed from an earlier year…
