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US dividend tax - Jersey Channel Islands Resident
Hi All I'm going to be starting to invest in US stocks and have a question about dividends tax. Currently I am resident in Jersey Channel Islands. I'm trying to find out how dividends paid out by US companies/stocks will be taxed. I've tried asking the local tax office but I still don't have an answer after weeks of…
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Tax code info missing from Personal Tax Account
Anybody know why the Tax Code info might no longer be showing on the online Personal Tax Account pages? The info was there before start of this tax year but has been removed. It's still showing on wife's PTA. I have emailed the Help team but it'll be several days before I get a response so just wondered if anyone had any…
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Storage of Business Items Question
Quick question - my husband is self employed and uses our garage to store his materials required for his job, which means we can not park our car in the garage. We are hoping to purchase a large secure shed in which to store these materials so that we can park our car back in the garage - would we be able to claim the cost…
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A little tax help please
Hi I’ve just started a new PAYE job which has a company car. I also do work in my own time for which I pay tax via the self assessment. PAYE salary = £25k (I make £150/month pension contribution) Company car value = £28300 18-19 tax rating 26% The tax for the benefit in kind of the company car will be taken from my tax…
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Self Assessment Help
Hi guys - a quickie relating to my self assessment I'm currently filing. Registered for self assess for 2017/18 as I took on some evening work last year with a view to seeing how it panned out. Ended up moving employed jobs so shelved the self employed stuff (work as a vehicle tech). On my self assessment I have not needed…
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Paying tax on studentship
Hi there, I am in my 2nd year of self employment and PhD study. We want to apply for a mortgage this year but my 2nd year self employment returns will be slightly lower than my first year and a mortgage broker has suggested that this will put off potential mortgage lenders. My PhD studentship is not an income that the…
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Customs
If I bring duty paid wine back from France for personal use, I don’t pay customs duty. What happens if I order say a case and have it delivered? Still for personal use. Presumably customs take their cut? How can I find out how much? I’ve been going round in circles as the gov. Uk site seems to think anyone buying a case is…
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Company Mileage?
Not sure if I can post this here but I've been meaning to do something about this for ages and then get put off/don't know how. I keep hearing 'rumours' that I can claim back the excess mileage allowance that my company doesn't pay me ? So the IR limit is say 45p/mile but my company will pay say 15p/mile. Is this right?…
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Tax on second part time job
I'm currently working 10 hours a week term time only in a kitchen... (so only work 36weeks a year) I'm thinking of doing another job which is 7.5 hours a week doing home care.. So will be doing 17.5 hours a week Will I be taxed on the second job? (Single mum able to only work school friendly hours)
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Bookeeping - Xero or QuickBooks
What is the recommended software for someone who is inexperienced in accounting QuickBooks or Xero Thanks
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Underpaid Tax Appeal - where to go from here?
Hi, I’m not sure if anyone can help. I have been going through a long process of appealing my underpaid tax for 2016/17 of £604. I intally appealed to HMRC in November 2017 by letter and they rejected my appeal. I appealed their rejection letter in February 2018 and have just received notification that this has again been…
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Govt. Gateway v Gov.uk Verify
I can access my personal tax account via both Government Gateway and GOV.UK Verify. The homepages for both routes are identical apart from my SA link icon which only appears if I logon via Government Gateway. Is this correct or is there a glitch somewhere on the site?
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Marriage Tax Allowance:
Just wondering if anyone can help. I have applied for this allowance via phone in Feb/18 (i am the one transfering part of my allowance to my working wife). The person i spoke to at the time said it could take upto 7 weeks for my wifes code to change and i would would be the one any refund would be sent to. As yet no…
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Reclaiming VAT on Property Purchase
I visited a commercial property which I am interested in purchasing however, I am still thinking over the figures. The agent told me that it is elected for VAT I understand that SDLT is due on the amount including VAT. I am thinking of setting up a company to purchase the property. Am I correct that if I VAT register a new…
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EIS Tax relief question
Good Afternoon, I am interested in an investment in a startup through Crowdcube and aware that this particular one is eligible for EIS tax relief of up to 30%. I have come across one of the relevant section on HMRC, which says The wording is a little unclear so I was wondering if anyone could help interpreting. The…
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Want to get out of self assessment and current tax code
Hi I am employed but for the last few years I have completed a self assessment to claim tax back for the business miles I do in my personal car as my employer pays me reduced mileage rate. I am currently on tax code 1432L I have just partially completed my self assessment for 2017/2018 and it advises I owe £79, this isn't…
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Company Car Tax
Hello, Firstly, let me apologise if this is in the wrong thread, or has previously been answered. (I have looked but cannot find the answer to my question). Essentially, I would like to know the following: I accepted a company car in May last year, but was made redundant in September. It appears that I have been taxed my…
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Gifted shares (pedantic maths!)
Hi all, I can see 3+ ways the taxman could represent this...Here goes. I got shares pre marriage in 2013, not work based, just me self researching and bought them. Lets say they have gone up in value considerably. So, as a close example. £3,000 paid (before marriage), now worth £30,000 (I am now married). If I gift my wife…
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Claiming tax rebate on own clothes - affect benefits?
Hi all, Just a quick one to say that I am thinking of putting a poster up at my place of work to encourage people to claim the tax rebate for washing their own work clothes. Should I include a line about how changing their tax code could impact on any benefits that they are claiming?
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CGT on 2nd property
Hi, Looking for guidance please My brother , sister and I bought our mothers house many years ago (~1991) and provided he her with life rent (free) till she died last year. We have done some improvements and maintenance on the property, paid Building Insurance etc. Can we offset any of this against CGT. e.g. Property Cost…
