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Tax Relief for Travel
Does anyone here know if I will be eligible for tax relief for travel? I am a full time staff member and my official office is in Glasgow. I am now working on a project in Grangemouth (which is further travel from my home) but don't know when I will be going to work in my Glasgow office again. My company acknowledge that…
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Need advice on overseas income
Dear All My mother will be coming to stay with us for three years and she is a citizen of Georgia. She is getting a pension and will get some income from renting apartment back in Georgia. In GBP her total earnings will be 300 to 400 GBP a month depending on currency rates. Does personal tax free allowance cover overseas…
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Tax over repayment
Hi I'm new to the forum & am looking for some advice. I have recently received a p800 from HMRC informing me I have been repaid an overpayment of tax between 2013-2014 and 2014-2015. I called them at the time when I received these cheques to ensure they were correct (as I had previously been sent a cheque in error) 3rvery…
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Pay in Lieu and Holiday Pay - How Much Tax Should I Pay?
Hi Not sure if I am posting in the right thread. I have been on sick since January and after careful consideration and the fact my doctor has wrote to my employer that there is no timescale on if or when I will be well enough to go back to work we have come to a mutual agreement with my employers that my employment is…
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Claiming tax back for fuel
Hi, I changed jobs in March of this year and opted for a car allowance and fuel paid at 12p a mile. i understand that i am able to claim the tax difference between that and the HMRC's recommended figure of 45p. Can somebody help and point me in the direction of how to do this and when i assume at the end of the tax year?…
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Split Tax Allowance
Hello My Tax allowance is split between my pension and my employment. Pension is 300T Employment is 799T (out of interest, why isn't this 800T?) My pension is actually only £2758 pa so doesn't this mean that I'm not getting my full tax allowance? I think this may have been happening for several years now but I've only just…
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Tax Advantaged Life Assurance Plan
I took out around 10y ago a "tax advantaged life assurance plan" from Zurich. In essence, HMRC pays some of the policy premium (basic rate relief) direct. So the cost to me is slightly reduced. These sorts of plans were only available for a relatively short time, but my understanding is that it is OK as I get a statement…
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Film industry tax avoiders face multi-million pound bill
http://www.bbc.co.uk/news/uk-38041098 Basically I hate the way the very wealthy "celebrities, sports stars and businessmen" try and cheat their way out of paying any tax. They invested say £20k of their own money, borrowed 80k - and got tax relief on the whole £100k by investing it in the film business. now they might have…
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Moving property into joint names
Hi, I kept hold of my first house when I bought a new one to move into with my now wife. Plan was I would let it and it would be my pension. I'm hovering around the higher tax rate so with the new legislation there's a good chance I'll be taxed on money I'm not actually making. So I'm obv's trying to do something about…
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HMRC- please help!
I need some advice... I have moved address this year and completely forgot to change my address with HMRC. I know that this is completely my own fault- I just genuinely forgot to do this. I went to my old address today and found letters that they have been sending regarding a tax return- with a large amount of interest…
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Chargeable event certificate
I hope I've put this in the correct place. Surrendered an investment because we were sold incorrect product six years ago and given the choice as to what to do. After they paid it out last week, we have now received a letter with a 'chargeable event gain' certificate which has arisen on this investment. Because it was in…
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Query re. collection of small underpayment through PAYE
I recently contacted HMRC to declare my small Rent a room excess. I told the person on the phone that I wanted to pay by cheque when the statement arrived (as i did last year). i got the statement yesterday but HMRC has ignored my request and wants to adjust my tax code to collect it in installments from next April 2017.…
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Building an office in a van!
Hi All, I have a Volkswagen T5 which I am semi-converting into a camper van. I'd like to use it as an office for some self employed consultancy work, either at home or on the move. Therefore I'm installing a table, a heater and some electric points. My question is, can I claim any of this as expenses against my self…
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Overseas financial help
I'd like some clarification from those experienced in this area. I'm a UK resident, currently unemployed, living with my grandfather and receiving £350 per month financial support from a family member in Israel sent via money gram transfer to the UK. I'm not receiving any benefits at all, pay class 3 voluntary NI…
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Opening a SIPP for 2015-2016 to reduce tax underpayment
I'm currently working through my first ever self assessment and have a calculated underpayment of approx £4,500 for the year 2015-2016 based on an income of £103,000. Having done some reading it seems I could have avoided this by contributing more to my workplace pension, or paying into a personal pension such as a SIPP. I…
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tax deductables? / ltd question
Hi, i've been running a business for 3 years and this year its started to make money, I wish to make it ltd, and heard if you pay money other the personal allowance into dividends you can lower taxes, to 7%? 1 question is how long do you have to have it in dividends before you can get the money out? 2. I heard food/drink…
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Are taxable benefits pro-rated?
I’m in the process of completing my first ever self-assessment for the year 2015-2016 which was initiated by HMRC due to income slipping over £100k per year. In that year I had 2 (subsequent) jobs, one ending in July 2015 and my current role starting later in July 2015. I have a P11D for my current employment which details…
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mileage
Hi, I'm attending an interview and the potential employer is offering mileage expenses at £0.25 per mile. Can I apply for tax relief on the difference. I travel less than 10,000 miles for work? Thanks
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Car vs Van - Capital Allowances
Trying to give some sort of guidance to a self employed friend of the family. They have bought a Ford Ranger, and want to utilise AIA and write it down 100% in the year of purchase. They say it's a commercial vehicle, and will therefore qualify for AIA, I'm not sure. Looking at HMRC guidance it is definitely suitable for…
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Self Assesment Help
Around October last year my employer made us all self employed. I might have procrastinated until now to do my self assessment, anyone have any advice? I paid tax straight from my paychecks up until the october switch over but im not sure if the new self employed status counts as a new income flow as the earnings are under…
