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Digital Tax return
when do the digital tax return for landlords start .I have read it may be 2020 .If it is April 2020 does that mean its 2019 /2020 return.
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Is P60 always necessary?
Hi, I left my job in May and I got p45 from my employer. Since then I didn't work. If I don't work at the time of the end of the tax year in May 2019 should I get p60 from HMRC or my previous employer? Should I claim for it? Or P45 is enough at the end of the year. I'm wondering if P60 is a necessary document to have or…
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NI class 3 and income tax
I will be paying class 3 NI this year and for previous years. Can i take this amount off my income for the year to reduce tax?
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New Self Assessment Registration
My granddaughter has today registered online for self assessment as she is self employed as a freelance model and wants everything to be above board. She put on the registration details that she started in December 2017. Is HMRC likely to request a tax return for 2017-2018 and require it to be submitted by 31st January?…
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Married Couples Allowance
Wife is due to give up working in 3 years before her State Retirement Age (67) and will draw 2 DB pensions along with money from a SIPP up to roughly her Annual Tax Allowance until her State Pension kicks in and she becomes a tax payer. I am looking at the various options for this WASPI60 (as I like to call it on the basis…
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Discounted gift / loan trusts
Hi all, A friend has asked for advice on something they are planning on doing (they have had professional advice on the matter but it’s always helpful to get a second opinion!). One of the things they’re looking at doing is a discounted gift trust or loan trust. They are trying to make sure some money is sorted for their…
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HELP! Ive been taxed on a non-cumulative basis
Hi all, never posted on here before, but I'm at my witts end trying to understand tax codes, and was hoping you guys might be able to shed some light.... I recently started a new job after being a student for 2 years, for this tax period I had only earned £117, until i received my first pay from my new job this month. I…
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Gift Aid
I've not submitted my self assessment tax return yet but the calculations say I will have to make a payment to cover Gift Aid donations that have not been covered by the amount of tax I will have to pay. Is there anyway of avoiding this? It's really frustrating as most years I would normally pay plenty of tax to cover it…
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PPR relief on Garden Plot
The market value of a garden plot on which my wife and I gained planning permission was £187k. If we had sold the land at this time then this would have been free from CGT tax since it fell within the PPR exemption. However, we sold our previous house and moved into the new property as our main residence but subsequently…
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Started new job but wasnt taxed
Hi, I started a new job at the start of December, prior to that I was also in a job. I got my first payslip at the new place today and I've paid NI and student loan but not any tax. Any pretty bad with these things so any help would be welcome. Am not sure if my employer has got something wrong or if something else might…
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Change of tax code
Iv'e just logged in and found my tax code has changed to 1321L from 1185L for 18/19 , no letter or anything, is this to reflect the new personal allowance
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Personal Car For Company Business Mileage
Hi this is driving me absolute bonkers & HMRC have not been helpful either! I have my own personal car that I use to travel to various client factories for the company I work for. I have a company fuel card and I use that to pay for all fuel. Each month I give the company back the amount I owe them in personal fuel. I can…
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High Income Child Benefit Tax Charge
Hi All, I have just spoken with HMRC regarding this as I am a smidge over the £50k threshold and need a little clarity over one point. I have done the online calculator and have a question regarding the 'Salary before tax (with pension contributions deducted)' box. I make contributions to my workplace pension (Local…
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Help with claiming FTCR in 2017/2018 return
Hi Folks, Seeking some advice as I am struggling with the online SA before submitting 2017/2018 return. Sorry if this is really basic stuff, it’s just going over my head! Background I am an Irish citizen but UK resident and domiciled. During 2017/2018 tax year I was employed in the UK up to Feb 2018. From my P45 (rounded…
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Incorrect tax code
Hello all, I hope I have posted in the correct place here. I have been on an emergency tax code since I changed companies in August because my previous company has double declared my income (after a merge with a sister company so they've declared I worked for both) for tax year 2017-18. So HMRC are trying to claim back the…
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Sudden change Cumulative to non-cumulative...why? £400 extra tax
Hi, My husband has just received his December payslip and been taxed over £400 extra on PAYE. His tax code has gone from 1234L cumul to 117L noncumul. He filled in a self assessment tax return at end of November and we were expecting to have an extra £800 collected through PAYE due to the Child Benefit Charge as he was…
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Personal Allowance with work pension
Hi, I want some clarification regarding personal allowance. To explain with an example - if I earn 125k and put 25k into work pension (which is not taxable), do I get £11700 as personal allowance as my taxable income now will be 100k? My understanding is that there is no personal allowance above 123k
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Capital gains tax expenses span tax years
Hi all My wife is self employed (make up artist) and is about to complete her tax return. She also purchased a house a couple of years back which she was renting out but hasn't been doing so in the last year; she's been renovating it to then sell on at a profit. She owns the house outright. She's never lived in it; she…
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HMRC challenge a fine
Hi All, A £311 fine has been demanded by HMRC due to not including my P11d on my self assessment (I didn't receive one from my company in time for the filing). Its since been fully paid. I now have a fine for this omission! £311 seems crazy. Any similar experience or where fines have been challenged successfully? If so how…
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Online Income Tax refund?
I couldn't find a section for Income Tax refunds, so I'm posting it here. Mods please move it, if it's in the wrong place. I've just received a letter, headed HM Revenue & Customs, telling me I'm due a quite substantial Income Tax refund. It says I should get the refund within 5 working days, if I request it online, or…
