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Cutting tax
Archives for March 2019
Discussion List
Tax from Crowdfunding - kickstarter
Hi, Everyone! I have recently started a campaign on Kickstarter. Kickstarter is a crowdfunding platform where people help themselves, investing in various types of projects. In return, they get a product or service. My project is quite big and I want to achieve about £200,000. All the money will be spent on business,…
Help with tax expenses for self employed
Dear friends, I am new to this forum and am not sure if I am in the right place for this question. My question is that I have recently become self employed and a company has hired me( you could say) to work for them full time. my question is what expenses can I claim? I use my own car to go to and from work. I have no…
Non resident LANDLORD - taxation!
I am a landlord in UK with one property that I let. I am, in a couple of months, going to be moving to Sweden. Looking on web it seems very confusing! It says that the tenant can pay me with the tax already taken off! How would that be - would he pay the tax to HMRC himrself? ( I don;t have a letting agent) Also says I…
Expenses using new scale rates
Hi. I'm required to spend 5 nights away from home each month for work. I usually keep all receipts and claim expenses from my own company, but I'm now wondering if I need to bother as the rules are changing? Am I correct to say that I can now simply pay myself £25 each night I'm away from home, free of tax and NIC, and I…
Tax-free childcare
Just seeking a bit of clarification. New user so go easy! Situation is I work in NHS and contribute to NHS pension. This year for the first time I will earn >100k (£101,500). I am in receipt of tax-free childcare and understand there is a 100k limit on either parent (my wife earns much less than I do). With the NHS, I…
Over-estimated interest on tax code notice
Hi, my wife has recently received a new tax code notice, in the notice it estimates "untaxed interest" as £1,127. This is well out. Most of my wifes savings are in cash ISA accounts and are protected from cash, the remaining interest is less than £400 for the full year. My wife works part time and I would like to take…
100k taxable income - too late to reduce?
I suppose this is a silly question, exuse my tax illiteracy. I had a couple of pay raises this year and it took me a bit over 100k, plus it seems that multiple tax benefits adds up into a few thousand. I will watch it next year and thought of investing more in pension to stay below 100. The question is about this year, too…
Personal Tax code question
Afternoon all I am after some help from the Guru's I have been unsure of my tax code because on my company pension and asked my HR department who pointed me to HMRC as they were unsure This is my monthly wages Gross 4178 PAYE 701 NI 385.62 Pension contribution 133.70 Take home Pay 2957.85 Tax code 1185L The pension is…
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