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Help with self-assessment
Hi All, I just wondered if I could get some advice. I am supporting a friend with a physical disability and mental health problems. He needs to complete a self assessment but is struggling to do this with his health difficulties. He is on a low income as he is only currently in receipt of benefits (previously had more…
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Haven't filed Self-Assesment for 6 years, now desperate to get back on track
Hi everybody, I have finally dug my head out of the sand and am trying to resolve my financial worries. I am self employed and have been for 10 years. The accounting has always been my weak point and I always had an accountant scan through my statements and work out my assesment for me. For 3 years this is how it was.…
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Bristol City Council Tax Refund Help
Hi everyone, This is my first time posting but hopefully, you can help me. I moved out of my property in Bristol Last February because my landlord was selling the property. When I moved I informed the council I was moving back home in London and they assured me I was paid up and everything was fine. A few months later I…
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Council tax -
Hello, I have lived in Wolverhampton, but moved out at one point and have cancelled the direct debit towards the council tax. I remember contacting the council, letting them know that i move out but i might be wrong. Therefore i have been contacted by bristow and sutor letting me know that i have to pay them for the…
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Do I need to submit a self assessment
Help! I submitted a return for 15/16 & 16/17 and owed some money due to to not realising child benefit amounts. I had stopped working at this stage and had no means to repay the amount due. Over the phone I told of my situation and after a few details passed was allocated an in year rebate 17/18 to cover most of what was…
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HMRC & Gifts
Advice on this question please - a parent pays directly from their bank account for Stamp Duty, Property Tax, and Vehicle Tax on items which he/she neither owns or has an interest in. Would any of these payments constitute a gift to the owner(s) for Inheritance Tax purposes:question:
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How to claim for past expenses?
I have been working in government service since 2005. I have been subscribing to many professional subscriptions costing about £1600/year. Only recently I came to know I can claim tax relief. I guess I get 40% tax relief so it would be about £640/year which is lot of money for me ( 640*10 years =£6400) I have been filing…
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Self Assessment Help - Carrying loss forward
Filling out my third self assessment tax return and hoping someone might be able to help me; In my 16/17 tax return I made a loss which I recorded in box 22 ("Net loss"), which I was intending to offset my profits in this years tax return. Doing my tax return this year now - I checked back on my 16/17 return to recall the…
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CGT Private Residence Relief and Lettings Relief
Really struggling to get my figures correct for a jointly owned home which we lived in before becoming accidental landlords as it didn't sell when we moved to our current home so we eventually rented it out and then sold it. We purchased the house in July 1992 and lived it in until October 2007. Rented it out from March…
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Self Assessment 17/18 help please
Filling out my own return for the first time (but not my first hear of SA). My base year runs Jan - Dec. Obvs tax yr is Apr-Apr. I've not been working since end of June 18 to date, due to illness. Was entitled to ESA for 12 weeks during that period. My question is, do I complete my income from Jan to April 2018 only and…
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Utility bill deducted from salary
Hi Was hoping someone would be able to help. A friend of mine currently lives above the shop they work in, this is in a property part owned by one of the owners of the business. There is currently only one gas & electric supply to the building so she pays a contribution to her employer each month towards these costs.…
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Quick VAT and Accounting Question
I am a business owner of a LTD company. We had a client where we charged £1000 + £200 VAT. However, the contract was later cancelled without any work done, and so we refunded the full amount + VAT. Was I meant to add that £200 to my VAT return to HMRC, even though we refunded the client? This was all done within the same…
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Can I claim any tax back?
Hello I’ve had to buy a car for work purposes as I have to go to various customer sites as part of my role. The company I work for pays me a car allowance and I wondered if I could claim any tax back on the monthly repayment cost? I’m paying tax at source as the allowance is paid in with my salary and my car payments also…
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Question on BTL allowable expenses without rental income
Hi All, Last year I decided to rent my house out as I've moved in with my partner and I took out a BTL mortgage in March 2018. The upfront cost of the mortgage was £1000 and I understand that under the tax rules I can claim 50% of this back as an allowable expense. I did not receive any rental income in the 2017/18 tax…
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Higher income tax
So it seems like after a couple of pay increases and bonus I will get a bit more than 100k income from my full time employment this year. I hoped that higher salary means higher net pay, but from what I am reading I understand that income tax % is much higher on that amount. I am quite far from being a finance person, so…
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Claiming expenses from last tax year
Hello, I recently completed my self-assessment return for 2017-2018. I work on a couple of individual projects per year alongside my paid employment. I incurred expenses for one of these projects during the 2017-2018 but the payment was late and I only received it in the 2018-2019 tax period. Because I intend to declare…
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Interest received
I wrote to HMRC last year giving details of interest received in 2016/17 and 2017/18. In each tax year I received less than £1,000 so as a basic rate taxpayer I have no income tax liability. On my personal tax account online the 17/18 figure has been used as an estimate for my 18/19 interest income. A few days ago I…
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Tax calculation wrong
This may well be baby brain, but I'm completing my husband's tax return (as I do every year) and I think the amount due calculation is wrong. I don't think it has taken into account his personal tax free allowance. How can this be possible? I've ticked 'no' he wasn't an employee. For example: Net earnings £30544 CIS tax…
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Dr Pepper special dividend tax implications
Due to the Dr Pepper merger last year in the US, I received about £12K 'special dividend' in lieu of the share reorg. I had previously signed the W-8BEN. I will have received no income in the 18/19 tax year. Is the dividend taxed as cgt or income? I thought income but then saw the thread " Taxation on US shares (Dr Pepper…
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First time tax self assesment
Help! I've just filled in my first ever tax return and I think I've gone wrong. I was employed for the year earning £17k+ which I paid PAYE and NI on and entered these details on the form. I also did some self employed work with an income of about £1200 and expenses of just over £200. So profit of about £900. At the end it…
