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Car fuel benefit i didn't have
I just noticed when looking through my online tax account on gov.uk that my previous employer had me down as having a car fuel benefit. My understanding of that was that if you got paid for fuel you used for private journeys this applied, but not if you only got paid back for mileage on company time. I only ever claimed…
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Returning Expat after 5yrs - Tax?
We have been living in the well known, hedonistic Kingdom of Saudi Arabia since Nov 2013 as non-UK residents. We are looking to return to the UK early in the new year (Feb) and are confused as to how the tax situation will work on our return? We will shortly have completed 5 employment years in the "Magic Kingdom" and have…
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HMRC tax return query
Hi, Someone has a savings account in France, the French bank said as the person lives in the UK they will set it up as non taxed account, but told them the person must declare the interest to tax man in UK. This was about 6 years ago. The person never told the HMRC -out of not bothering rather than out of deception.- I…
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Two jobs both under £5000PA
Hi, I have recently taken on a second job, my annual salary from both jobs put together will not be more than £10,000 and both jobs are roughly the same amount salary. Can anyone tell me if I still have to pay the 20% tax on my second job and if not, how I go about making sure I dont get extra taxed. Thanks
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Does tax code need changing
Last year when I did my self-assessment I opted for payment from the rental income to be collected through my salary (PAYE). My tax code for the 2018-2019 tax year was changed. I'm on k-code which seems to make sense. From April this year I have no rental income anymore and sold my property. Did my tax return. Does my tax…
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Interaction of property sale gains with gains and losses from share sales when calculating CGT
Say in 18/19 you have income of £20k, gain of £100k from property, £30k share gains and £10k share losses. Am I right in that you can order these gains and losses such that the property gains can fill first the annual exempt amount and the share losses can be offset against the property gains rather than having to be…
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Sharing the rental income tax burden
My mother passed away 10 years ago and left me her property I have been renting it out since then. It was only last year that I retrospectively paid the tax owed over the 10 year period through self assessment. I have not worked for the last 5 or so years so my personal tax allowance has not been exceeded (I am a lower…
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Merge my website business into partners Ltd?
Hi, I'm not sure if this is the right website to post this on, but hopefully someone here can offer me some advice. I operate as a sole trader, running a website which currently turns a very small profit (approximately £2000 profit a year from advertising and subscriptions, with a turnover around £2500). I never set this…
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National Insurance Refund
Hi All Request for a bit of maths help here: I have received a refund cheque from HMRC for overpaid NIC for 2017-18. It's sizeable at £2852. Great! Except I don't think it is due me and I have actually paid pretty much the right amount of NIC in 2017-18 so am due no refund. In total, I paid £5,793 (A) in 2017-18. This was…
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Help.. Employer messed up and I’ve paid a huge amount in PAYE Tax
Hi. I started a new job last month but due to a payroll delay I didn’t get paid. My employer agreed to send me a manual payment but no payslip was generated. This month they’ve sent me a payslip but they’ve put last months salary and this months salary on my gross monthly income. They’ve then deducted the amount they paid…
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Ir 35
If working as a contractor and now just deemed to be inside IR35 what are the pros and cons of retaining a Ltd Company? There is the option of PAYE or Ltd Co retention. Any thoughts?
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married tax allowance query
I have recently made contact with HMRC with a view to my husband and myself applying for the allowance, which we understand will be backdated to 2015, having read all the MSE info and checking with HMRC, we do meet the criteria as stated. We are married, although separated for some years and still on excellent terms and…
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Amazon Flex Deliveries - Mileage Claim
Hi Guys, Sorry if this has already been asked or if this isn't the correct sub forum, I couldn't find a post with my exact position in it. I have recently started doing part time work with Amazon Flex, this basically for tax purposes makes me a self employed contractor. I already work a "normal 9-5 job" and pay tax and NI…
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Using donations to charity to increase tax free allowance
I pay higher rate tax with no tax free allowance, the only way I can do my job is for my husband not to work, and it is frustrating that, as a family we have no tax free allowance at all. I tend to advise children that there's no point writing hard, you could have the same family take home at the end if the month without…
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Maintenance payment reliefs/allowances for dependant parent
Is it possible to claim back or have a allowance for maintenance payments made to a parent who lives in EU country but I live and earn in UK?
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Occasional jobs and child tax credits
Hi, Last year I declared all income via a tax returns and this reflected in my child tax credit claim so the final amounts matched. Does anyone know how 'occasional jobs' *** interact with child tax credits,I'm thinking about this tax year now. I work online now and then and get around £800 per year. If I don't have to…
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What is the Personal Allowance for non residents?
On ‘Gov’ website it says if you live abroad you get a Personal Allowance of £11,850 tax-free UK income each year if you’re a citizen EEA including British passport-holders. I am and I live and work in the EU. I still have UK bank accounts and UK rental property income, do I Self-Assessment tax returns to declare and pay…
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Pension contributions needed to get out of higher rate tax
I unexpectedly changed jobs earlier this year and became a higher rate taxpayer. I'd like to avoid the higher rate tax band (mostly so I don't get hit with the reduction in personal savings allowance). Gross taxable income for the year (including savings interest and everything else) = £48500 Higher rate threshold = £46350…
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Are home improvements on a second property tax deductible?
If I was to buy a house, make renovations on it and sell it on, are the renovations tax deductible from the income tax, just as the stamp duty, selling and legal fees are? If I was to rent out said house, could I, similarly, include the tax deductibles when I do my annual self-assessment on my income tax?
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Annual exempt amount for 2018/19 CGT
I have calculated my capital gains tax and the conclusion is that I don't have to pay any (I lived in the property for half of the time) and that I have an annual exempt amount for 2018/2019 tax year. I rang HMRC and as I don't need to fill in a tax return next year (no longer have rental income) they advised that I fill…
