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Personal tax account
HMRC haven't calculated my tax for 2017-18 yet. OK, they are behind. But what surprises me is that I can't see details of what they think my income was, so I can't make any corrections to their figures (nor even know if any corrections are needed). It appears that I have to wait until they have done the calculations and…
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Two step verification - anyone else having trouble.
Anyone else having trouble with 2 step verification ? They send me an access code which I ask to be valid for 7 days (because I need to move from one place to another), but when I sign in again they send me a new access code rather than using the old one.
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Claiming travel costs
Is it possible to deduct travel costs to my office from my tax return? I’m a full time employee, paying tax under PAYE but have to fill out a self assessment form each year. For the last year I have worked from home full time but I travel to the office between 1 and 4 times per month (at an approximate cost of £60/trip).
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CGT - Baffled by Jargon!
I realise this may be the wrong place to bring my problem, but I am close to despair in trying to get the answer to what I believe is a simple question (though perhaps that just shows how ignorant I am). I bought 900 BT shares at 335p in the 1993 public offer. On 31 Dec 94, BT gave me 90 bonus shares (1 for 10) as per the…
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Tax return advice needed regarding 2017/2018
Hi, I am completely new to this and do not know where to start. In 2017/2018 I worked April - September as PAYE, September - November as self employed, then November to April as PAYE. I have a UTR. I have my receipts and invoices. Also my p60 and p45. My questions are: * Will the online tax form have an area for me to…
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Tax reclaim
Hi guys I have reclaimed my fuel expenses via rift refund, Before my claim my tax code was S1185L, The tax code after the claim is S1622L Rift says that my wages will show that there is less tax being taken off and that HMRC will ask for it back I have to keep putting the extra cash away until march apparently Is that…
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Cutting Income Tax
My situation is very simple. I'm an employee of a company that doesn't offer pension salary sacrifice scheme. I pay 40% tax on my income. What options do I have?
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Establishing market value for CGT purposes
Hi all, Looking for some advice - currently own a second home which was bought with the sole intention to rent to a family member for a period, whilst they save up a deposit and become in a position to get a mortgage in order to buy it off us. The sale price for when they do is pre-agreed as we're not looking to make a…
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HMRC letter tax avoidance claim
HMRC have sent me a a very generic letter saying they believe I've used a tax avoidance scheme in the form of 'disguised remuneration'. I have and am under a Umbrella Scheme though the scheme informed me they are HMRC compliant when I queried this when joining. The HMRC give no details on the letter as to how they have…
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Working out capital gains on house sale.
We started to self build a house in 2002 with a Staged release mortgage, paid 25k cash for the land and had a £140k mortgage by the time it was completed. Took us 3 years to build-we rented during this time. We lived in the house for 18 months full time once it was complete and then started renting it out as a holiday…
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Can i claim wages as a director of a Ltd company
Hi I have just started a new ltd company a few months ago, and i was told by a business adviser that i can pay myself a wage ( i think he said £3500 ) and claim it back so it would cost me nothing. Is this right, or am i misunderstanding what he has said please?
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Sole trader gross to ltd gross?
Hi all I went from employed to employed to self in august 2018 and i should be able to go gross on my tax early next year. If i then change from self employed to LTD at the start of the new tax year 2019 will i have to earn £30000 gross as a ltd company before i can go gross on my tax?
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Council tax not paid for 5 years.
I decieded 5 YEARS ago NOT to impersonate anyone or "Act" as if I am someone who I am clearly not. That is to say I learned it is a crime to impersonate someone but its an expectation to do so legally. The communications from the council were always addressed to a "persona" who would become liable to be levied something…
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Selling a second home
I am currently selling a property that was my main residence but since moving in with my partner I have been letting to a friend and make no money from it. I will make approx £25,000 profit from the sale therefore what if any tax will be liable. I am a lower rate tax payer and the property is on a residential mortgage with…
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Overseas income and pensions for non-residents and the UK tax return
I've been working outside the UK for 12 years now and have not needed to declare my earnings on my UK tax return. However, now I'm retired and receive a pension and also some income from savings which will be more than the £2000 limit mentioned in the notes. I'll still be living overseas. But if I enter the interest and…
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Council tax - student exemption
What counts as being "a student" for council tax exemption?
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Self Assessment - New Rules £1000 Free Tax Allowance on Property Rental Income
Hi there I have read that you can claim £1000 against your personal allowance instead of claiming expenses if they amount to less than £1000 but I am wondering if this is still allowed if you share the rental with a spouse and the spouse already gifts you the Married Person's Transferable Tax Allowance of £1190 for…
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Dividend question
I am going to be changing jobs soon. Currently I salary sacrifice to my SIPP and save 20% tax, 25.8% NI. I then fill up my basic rate tax band with dividends as a director of a limited company at 7.5%. If my new job doesn’t do salary sacrifice then I am aware I will lose the NI :-) but am I right in thinking that if I…
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HMRC refusing to accept tax return (becoming non-resident)
In mid-APRIL I sent in my 2017-18 tax return. Now, more than FIVE MONTHS later (and only 3 weeks before the deadline), they have returned it to me - saying they "cannot accept it". I moved to France and became tax resident from 1/1/18, and meet all the conditions for being non-resident from that date (no house in UK, not…
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CGT how to assess Market Value when o/s legal issues re carpark
I am doing my Mum's CGT return for a flat she originally occupied and then let. I've worked out the times of letting and occupancy thanks to an excellent post by 00ec25. The flat has a 7year ongoing legal issue re a wall in the carpark which fell down. It could cost 50k+ between the 16 properties involved & because of this…
