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Wrong tax code because of bonus?
Try and keep this short and factual * I left my old job 7/4/17 (per P45) with earnings that tax year of £980.76 from the old job due to working 2 days of the tax year + a bonus, holiday pay accrued etc - based on tax code 1128L (salary £20,000). * I started at current job April 10th 2017 (salary £23000.04) so there was a…
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Mileage claims
I would love some advice please. I get paid a monthly allowance from my company for a car, which is a separate line on my payslip, so I pay the usual tax on it. I use this money to fund a car that I pay for in my own name. The company also gives me a fuel card, which I use for all business and personal mileage. So…
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Company car BIK / Child benefit query
Hi all, I would appreciate some advice regarding the £50k child benefit threshold. My salary before tax is £46k and I had a bonus of £4K, I have a company car which is a BIK valued at £7,700 pa which I only use for work but is classed as BIK as I can use for personal use if I wish to. My current tax code is 481L as I…
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a big burp/mistake on my tax
ok so if you get for example a basic pay of £2000- and minus off a pension contribution of £150 (for example) so have total earnings as £1850 before tax etc but.. on your taxable income to date this is £30 higher then listed so £1880 because they have added a medical benefit but this is noted as shown but not paid.. have i…
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working out take home pay...
hi guys i am looking for a income calculator that takes into account both ni & tax contributions for my job. all seem to vary and be inaccurate. i will be getting marriage allowance and would like to be able to enter the taxcode seperately as well as pension contributions.
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Cannot live on 23L tax code - PLEASE HELP!
I was accepting child benefit for 8 years and did not realise single parents cannot have this if they earn a certain amount of income as I do. So I now owe back all the money from 2015, I was advised I could pay it back over time through PAYE so thought okay but now see my tax code been reduced from 1100L to 23L, this is…
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Dividend Income
When calculating Investment income from investments held through an Intermediary/Platform does one deduct service charges from the dividend income earned when adding it to total annual income?
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Self employed requirements
I became self employed one year ago. I am a fitness instructor and teach exercise classes. I registered myself with HMRC and got my tax code reference and sent in my returns last year. I am busy filling out a form from a leisure centre to teach their and one if the questions is Do you submit schedule D accounts to inland…
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646L Tax Code - Advice urgently needed!
Hi I am hoping someone can help? I am on £26,200 annual salary and I've been put on a 646L tax meaning that deductions are nearly £500 per month (inc NI). I have phoned HMRC and they have said that there is nothing they can do and they cannot alter the 646L tax code until 6 April 2020. This is going to kill me financially.…
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Finding a good accountant
Hello! It's my first time using an accountat. How do i find a good one to manage CGT on my discretionary stocks and shares portfolio. I'm worried they could rip me off, as they are clever, am i unduly parsnoid? Lol are there any websites to find a good local accountant?
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What to do with my money!?
Hello everyone, I have been selected from my work place for an opportunity to work at a branch of my company based in the EU (Hungary) for potentially 2 years. I am looking for some advice on what to do with my money to reduce the amount of tax I will be paying. Basics; I will be potentially working upto 60 hours per week;…
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Tax office lost paperwork - what can I do?
Sorry, but this is complicated. I live on an offshore island (IoM) but can't get work here, so have been working in UK and flying home at weekends. I was told that I could use my away-from-home expenses, eg, travel costs, lodgings, food etc. against my tax each year, which was just about enough to make the whole thing…
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Tax on employee shares
Hi, Company is being bought out and employees shares have been bought out. Employees get x amount of free shares per annum. How with these shares be taxed. Currently 20% tax payer but shares worth in excess of £200,000. TIA
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CGT question selling old electrical equipment.
Hi all. I am posting in the hope that the knowledgeable tax experts on here can provide a sanity check of my thinking. About 15 years ago during an office move (and resulting clearout), my old workplace was disposing of some old electrical test equipment. I asked if I could have it rather than it going into a skip (IIRC I…
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Capital Gains Tax
Hi, just wondering if I could get some advice on the following. Tried various links and other websites but just cant seem to get it clear in my head. Circumstances Parents have just bought a house for 140k. They want to sign it over to me as I have helped them out financially to clear debt. No IHT/Anticipated care…
