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Joining job halfway through tax year
Hi everyone, I'm starting my first ever job at the beginning of August and the wage is £24,000 a year. According to a standard calculator I should have about £1650 a year after tax. However I've been told that starting halfway through the tax year means I'll have slightly more money because of the tax free allowance- could…
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Adjusted net income
Hello all, Just trying to plan ahead for this tax year and was hoping someone could clarify my understanding please? I am trying to calculate my adjusted net income to ensure I do not fall foul of the child benefit charge. Gross salary: £50,000 Private medical BIK: £400 So ‘Gross’ income = £50,400 I make pension…
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Taking a job while self employed
Hope this is the right forum. Long story short, I cant work so we are relying on my wifes wages. My wifes a mobile hairdresser, area we live in is nothing like major city prices, plus about half her clients are elderly etc. Last year her yearly income states: Profit from self-employment £11,542 Total income received…
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My bank and the council are in dilemma, HELP!!
Hi I have a food business and it has few other branches in different countries, I’ve had it for years and I’ve not had any problems with paying the council tax on time every month, I’ve set a direct debit with them so things can be as smooth as possible. However few months ago I’ve encountered an issue and I was shocked…
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Study Tuition and Tax
Good afternoon all, I was recently in a job for 4 years where the company provided study support and paid for me to study the CIMA professional exams. At the time I had to sign a contract to say, if I was to leave I would pay a percentage back to the company. At the time my company pushed me to do these exams to both…
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Employed and Self Employed
Hi! I've been thinking about starting up a small side business to go alongside my full time job. I' currently a Trainee Electrical Engineer, but I used to be a hairdresser, so I want to start up being self employed on the side doing hairdressing, and wedding/prom hair and possibly make up but im not sure how tricky it will…
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Expenses - are they taxable?
Since the beginning of 2018 I have been working 3 or 4 days per week in London on a project for my employer. My normal place of work is (and was) Manchester, and will be so when the project is delivered. My primary work location has been confirmed to me by letter by my employer earlier this year as Manchester – it just so…
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Avoiding CGT
Hi, This question might be a bit out there for this forum, but I thought Id chuck it in anyway as the reply I had on my previous savings question was ace. So here goes.. My Brother owns a small building which he has not been using or receiving any rent from for about 6 years. (an acquaintance of his is using it for…
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Gift Aid on donated items
00ec25 is a t w a t. didums.
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Tax on Foreign Income
Hi all, I am a UK resident living 100% of the time in the UK but I have just started employment as a remote worker for a company in the Republic of Ireland. I understand that I will be taxed by Ireland on my salary, and that I have to pay tax on foreign income to HMRC. What I can't understand is what exactly I pay tax on.…
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Tax code rant (Why do HMRC get tax codes wrong?)
Apologies - this is more of a rant than a question. I complete Self Assessment every year - fair enough, I'm a higher rate tax payer. Every single time I have some non-standard payment/expense/income HMRC ALWAYS adjust my tax code on the assumption it will be repeated next year (the only thing they haven't for is one off…
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Register for tax?
Hi all I am a new member here and would like to ask a few questions. I have a part time job and I play guitar and uke as a hobby. I have been asked to provide a series of lessons for a local charity. I don't expect to be paid more than £250 for this. My questions are: 1. Do i have to register as self employed once starting…
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P87 or Self Assessment for Mileage Claim
Hi All, I know P87/ Fuel Card has been discussed a lot here. Having gone through them I thought I knew what I have to do. However, I encountered an error on the P87 online application form. Apparently, I need to go for self-assessment rather than P87. I hope you can confirm that whether I am doing something wrong here. Car…
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Changing my tax code has cost £1000
My mother and father applied for the marriage allowance as my mother doesn't pay tax and my after is a basic tax rate payer. Everything went swimmingly, had a £425 tax rebate, all seemed well. However, We had a letter off HMRC the other day stating my mother and father owe over £1000+ in back dated taxes over the last…
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How do I incorporate working tax credit into self assessment tax return?
Apologies if this has already been posted. Asking for a friend at the moment but will also need to do this myself in future as I'm planning to go self employed. Friend is self employed sole trader and claims working tax credit. How does she add her WTC to her self assessment tax return? Is it just a case of adding the…
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National Insurance payment question
hi all I've had a letter from HMRC asking me to tell them how much NI i have paid for 17/18. So, I've looked at my P60 which says contributions for the year are 3570. I'm presuming that this is how much NI i should have paid ? My payslip for March 2018 says i have paid 5572 for the year. But when i add the NI for my new…
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Issuing P11d
If someone is made redundant part way through a tax year (for instance now which would be April 2018 to July 2018), is the employer obliged to issue a P11d? and if so, would they send it in the next few weeks or do they wait for the tax year to finish (i.e. 5th April 2019) before they issue it?
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Possible self employment and mileage tax relief help.
Hi all, Im thinking of becoming a soletrader in which the companys i invoice will pay me .45p mileage to/from site when out of usual office hours. Im trying to establish before i make the leap if i will have to pay tax on the mileage the companys would pay me, for example, i am paid £3500 a month, of which £500 was the…
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Running payroll as director - with other income - help!
Hi! When this tax year started I was working as a sole trader. A few months later I stopped doing that, set up a limited company and instead am now working through that. I am also a landlord with rental income. My sole trader income has already used up my personal tax allowance for the year, and I have kept a pot aside for…
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Council tax SPD query - my girlfriend has her own place, spends 50% of time at my house
Hello, I have a question regarding council tax SPD. I have recently begun renting a small cottage which I live in. My girlfriend stays here with me for approximately 50% of the time, however she works away alot and she has her own property that she pays council tax on elsewhere. Could anyone advise me as to whether I am…
