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Second Property
If someone was gifted a house in 1990, the previous owner then died 2012, houses was rented then now for sale. The said person then put the house into joint names with her husband after the previous owner died. They have another property and which they live in. They are also self employed with a business Will they have to…
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Inheritance from isle of Man
Hi I am UK resident I have inherited a reasonable amount of money from an uncle in the iom. Would anyone be able to tell me if I will have to pay UK tax on it when it is paid into my account here, I ask this as inheritance tax will obviously have not been paid on the island. Hoping someone will be able to help. Cheers
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Gift Aid and Tax return
I have to do Tax Returns owing to the Child Benefit Tax-back. I carefully note all my gift-aided donations to put on that tax return but have a query. I made a donation through a charity website with confirmation email on 30th March, it came out on my bank on 8th April. Which Tax year do I record that as?
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Another HMRC climbdown re MTD for VAT
Just for info for those affected. Despite saying for years that individual invoices must be entered separately if MTD for VAT applies, they've now backtracked and agreed that a single entry for all items on a statement is acceptable after all. It's just been one climbdown after another over the past few years with MTD, and…
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Non Resident, Non Domicile Joint Bank Account. Inheritance Tax Question
I wonder if anyone has any knowledge in this area. My father is a non UK resident, and non domiciled and has never been. He has an International account in USD, based in London of which I ( UK resident) am a joint account holder in order to help him with his affairs. The account has a fairly large balance. The only funds…
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'Cashback' - taxable ?
I get cashback on a Santander 123 account and credit card. Is this like the Halifax reward and is taxable ? thanks
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Capital gains - or not
Hi I have recently sold a property abroad that I inherited (the person I inherited from was not a UK resident or citizen and so I paid inheritance tax at that countries rates). I have made a loss as the value of the property when I inherited it was higher than the sale price (so I'm sure I don't have any capital gains tax…
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Uber Eats / Deliveroo help with SA
Hello, I live in the North of England and work across 2 jobs. One is as an agency worker (on a zero hours contract) on PAYE, and the other is a Uber eats bicycle delivery person which is self employed. Obviously i need to complete a SA form to include the income from Uber eats. I'm a bit stuck atm as i have completed all…
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Should I keep separate accounts?
Hi I am a sole trader but I have 2 businesses and am not sure whether I should keep separate accounts or if I can combine it all. My first business is a mainly supplying and fitting vehicle vinyl graphics, and also some signage for other businesses. I then branched out and now have a website making and selling wall…
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Self employed tax return help on van buying
Hi I currently do my husbands tax return sole trader using simplified expenses for van as we were were just borrowing a van but paid tax, insurance, fuel etc but my husband has had to buy a van ( we got a 5 year loan out) and cost £6500, this year due to us being on a very low income ( I have been going thru treatment for…
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Balancing charge question
Am I correct that if I sold my van for more than it had been written down to. I show this as a profit?
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Widening Access Training (WAT - NHS) HMRC complaints
Hi, I completed SCPHN 2005-2006 and after complaints regarding incorrectly taken income tax and NI, got through to Tier 2 complaints at HMRC. The another knockback as no evidence from the trust that they paid me to study (NHS trust now disbanded) - dispite all other evidence being fulfilled. So next step to request a…
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Tax Bands
I’m aware Dividends/interest from ISAs need not be included on tax returns, but I assume it needs to be considered when determining total income when establishing your tax band....ie above or below say £50k band?
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self employed Live in carer allowable expense
Hi, I am a self-employed live-in carer in UK from Hungary. I spend every other month in live-in here. I fly home in between. Is my flight ticket allowable expense? Is that count as a travel expense?
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Phoning HMRC
The phone lines are now open from 7.30 am on a weekday, not sure for how long this is for whether this is temporary or will be made permanent
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Tax code reduced by savings interest -why?
Hi. Just looked at my tax code for 19/20 and find it has been reduced by 'savings interest' of about £600. My normal 12500 allowance has been reduced by exactly the amount of taxable interest paid to me in 2017/18 tax year. Is this right? I know this was untaxed income and should be part of my taxable income, but the point…
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Finding value of PMI
My daughter started work yesterday in the civil service. They agreed in writing to match the salary of the job she was leaving, but the offer letter (if I understand her panicky texts correctly) was very basic and did not state the salary. She is now being told the pay committee has refused this and wants her to take…
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HMRC - always listening
HMRC has been capturing "voice prints" of callers - without explaining what they were going to do with that data - and hence without consent. https://ico.org.uk/about-the-ico/news-and-events/news-and-blogs/2019/05/ico-says-that-voice-data-collected-unlawfully-by-hmrc-should-be-deleted/
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mileage if self employed
Would I be correct in thinking that if you were self employed you can choose between 2 methods of calculating motoring expenses Either apportioning the total costs of your car expenses eg tax, petrol, repairs etc between business and non business or using the standard mileage provided by HMRC?
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p45 & pay to date
Hi Should the figure in my P45 be added to my tax to date on my new payslips? Full details- Under TUPE, got transferred from agency A to agency B. Last date with agency A was 31/3/19 as shown on P45 and new start date was the next day 1/4/19 with agency B. Agency A paid my last wages on 15/4/19 hence produced P45 with…
