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Back date self-employment
Hi, during the period 2009-2018 I received a small amount of eBook royalties via US bank account and put these through on the international pages of self-assessment so I could reclaim the US tax paid at 30 percent. No UK tax to pay as I was under my personal allowance (apart from this living off savings). No problems…
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VAT for consultancy work?
I am a consultant on the side of my normal job. I am set up as a limited company and work with another individual who has a limited company. For this particular job, the total consultancy fee would get paid by invoice in to my partners bank account, which i assume he would then have to pay VAT on. I then invoice him for my…
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Company car tax
Hi, i was hoping someone with some knowledge on this subject could offer some advice. i'm slightly confused by the company car tax calculator. I was under the impression its p11d x co2% x tax bracket either 20 or 40%. If this is the case, for example a BMW 3 series would be as follows: p11d - £36,700 x 27% = BIK of £9,909…
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Tax Return Question
My son has to do a tax return to declare some work he did as a 'personal trainer' on a self employed basis outside of his regular PAYE job. Beforehand he did a 'personal trainer' course through a local gym the cost of which he has been paying in monthly installments over 24 months. Can any one advise if the sum of the…
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Redundancy: now or in the next FY?
Hi forumites, I'm new here, and I'd be very grateful for advice. Please don't take this as bragging, and please try and look past the figures, purely at financial implications. So - here's the deal. I'm about to take voluntary redundancy after having been with my firm for 19 years. They owe me, all-in, £126K in redundancy…
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Sale of my rented house - new PRR & LR rules
I am considering selling my house (I only own this house) but not sure when to do so due to the new proposed changes to private residence relief and lettings relief. The capital gain would be approx £45,000. I purchased and lived in my house for 6 months before having to move away and letting it out for 30 months (total 36…
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VAT and Disability
You are eligible for UK VAT Exemption if you are a chronically sick or a disabled individual and the products are for your own personal use, Saw this while doing online search for a new bed. My wife is a Blue Badge holder. Question is does this make her meet the VAT Exemption rule?
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Mistake with payroll and no-one can help
Before anyone jumps in: yes, I have contacted HMRC about this both as an employee and an employer. As an employee, I was told to ring the employers' helpline. As an employer, I was told to ask my bookkeeping software provider to revert their software. FreeAgent said they cannot do anything and I need to speak to HMRC…
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landlord self-assessement
Hiya, can anyone tell me how to submit self-assessement on income from letting out a property that I own with my husband? Do: 1. we both declare both the income and charges (e.g. mortgage interest etc.) )2. we both declare half of income and half of charges? 3. just one of us declares all income and charges? Thanks for…
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I quit my job, tax rebate ?
So I left my job the other day, am I entitled to claim any tax back I probably won’t be working again this tax year I paid £2080 in tax this year Any idea what i would relieve back Thanks for any replies
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Council Tax
I currently live abroad as a contractor and have done for the last 3 years. My wife lives in the uk and I pay all the household bills. I have an address in Germany where I live as im registered here and also pay German tax. can my wife claim a reduced council tax as shes the only one living at our address. I am only in the…
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CGT & Child Maintenance
HI I hope someone can help as I have a couple of issues. Following a divorce several years ago, my ex wife now has to sell (or give me the money) the old marital home that she still resides in. This was set by a judge in a consent order. We also have 6 rental properties that she now wants to sell (and probably taking me to…
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Marriage tax allowance P11D
Hi my wife earns under the threshold to allow us to claim back through my salary we filled in the online forms etc heard we would be able to claim! Back over £600 odd. We didn't hear from hrmc for about three months we called them and spoke to my wife verified her details etc. They said they require my p11D from my prior…
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Ssp and tax code
Hi, I wondered if anyone could help, im struggling to find info online. My husbands tax code in December was 1150L, he has been off sick since January and claimed SSP until August and nothing since, we cant get benefits, however we noticed on his pay slips from when he was getting SSP his tax code was 799L and he doesnt…
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Self Assessment income optional?
Might be a daft question but currently filling in my Self Assessment online, i am self employed and for the income part all the boxes are labelled "(Optional)" such as turnover, expenses etc. Does this mean i do not need to enter any income details for the return? otherwise why is it labeled optional? -…
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Inheritance tax and vulnerable people
Hi all - not sure if this thread is still alive but hey. A friend lives with his agoraphobic brother (a hoarder) and both have lived in their house for their whole lives (they are in their early 50s now) The house belonged to their mother who died two weeks ago and is valued at around £900000 - it's only a scruffy 3 bed…
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offshore income or gains - Worldwide Disclosure Facility
What information can the HMRC get from EU international banks? Do they need to request it on a case by case basis or are they just data mining and going around finding any/all accounts you may have overseas?
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Calculating CGT due on second property - a few specific questions
Property acquired for £260k as main residence in Jun 2002 and lived there until Sep 2007. Property then let until Oct 2018 and now empty. Due to be sold for £480k in Dec 2018. Estimated selling costs (solicitors, estate agent etc) £7k. Sole ownership throughout and no capital improvements. So overall gain of £213k with PPR…
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Paying tax in EU countries
Hi there, As of next year, my company will be working with clients in Germany, France, Italy, Spain and Switzerland. As we will be sending Freelancers to work in the service and events industry in each country and generating a lot of revenue, I would like to know how to (and if I even need to) be taxed in each country.…
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Self Assessment Self Employed claim job expenses
Hi, can someone explain how to claim expenses for my job. I'm self employed and in the last tax year (ended april 2018) I spent 1344 pounds on job expenses. From what I understand (from the Gov website) I need to fill in the Allowable Expenses section in order to claim. But how is this done? It's the first time I completed…
