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Where to pay tax as a remote worker traveling Europe
I am looking for some advice regarding tax as a remote worker traveling around Europe. I am a British citizen and will hopefully soon be employed by a company based in Denmark, with offices also in the UK. I would be employed on a fully remote basis and am hoping to be able to travel around Europe whilst working remotely.…
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Tax on PHI Payments
Hello, I'm hoping someone will have the knowledge to get me out of my befuddlement on this. My employer provides free PHI, on the condition of signing up to the work pension. It might be worth adding that my employer is a registered charity, so isn't liable for corporation tax (as I understand it). After an injury I had to…
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Tax and NI claim for low earners
This has potentially been asked a million times so I apologise in advance, but I can't find an answer online. I am currently in a paid job however I will be leaving to take up a Teacher Training course. This means that, come next April, I will have not earned over the £12500 tax threshold. However, as the company would…
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Self Assessment - help calculating tax
Hi I am doing the self assessment for Dad who died in the last tax year. I have all the numbers and just want to work out the tax we need to pay. Please can anybody point me in the direction of a layout for doing it? I need to be able to include pensions, bank interest, dividends and the gain on life assurance policies and…
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Invoicing own LTD company as sole trader
Hi, I have a startup LTD company that deals with property management. As the sole director my job is that of running the company, book keeping etc. We have a small number of staff that do work for us and invoice for their time. They are all self employed. I'm also self employed and registered as a sole trader. As the…
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Tax on Holiday Let Income from jointly owned property
Hi my partner and I are hoping to buy a pair of cottages and want to ask if the following proposal works .... We are not married. Property 1 is £400k will be in his name and we will live in it. Property 2 is £350k will be owned as tenants in common 90% by him and 10% by me. Property 2 will be a furnished holiday let. The…
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Claiming tax back before starting business
Hi there When I started up my own business last year as a sole trader I filled in a form50 and got all my tax back (my earnings were well below the threshold). I know I will have to add this to my first tax return etc. My husband has now started his own business after being made redundant. He’s set up a limited company but…
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SDLT Surcharge Query
I currently own one property. I used to live in that property until I moved abroad in 2012, after which it was rented out. I returned to the UK in 2017, and have been renting a property to live in since then. Partly because I did not want to evict my tenant and the location of the property is not ideal for my work. I'm now…
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PAYE + Self Employed - Purchases
Hi I’m going to be starting an apprenticeship in September however I will be fully employed by my company. I have two options, they will supply tools or I can buy my own and they will replace like for like if they break at work. I was thinking it would be good to buy my own tools for a variety of reasons. My question is,…
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Council tax band reduction
Hi, just joined as I need some advice on a few things. I used to live on a very semi rural street, with trees, shrubs, woodland hedgerows behind my home, unfortunately 10 years ago planning permission was granted to build 480 new builds, the site means my road is squashed front and rear by new estates. Building is now…
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How to work out company solvency
We are looking at two possible companies to provide a service and I notice I can see their accounts online at companies house. Figures seem fairly similar but is there some general rules on how to compare them both to try and find out which company is in generally the best financial position currently?
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Capital gains tax query
I read in the newspaper recently that the law on capital gains tax is changing and I am not sure if and how this affects me. My husband and I have owned and lived in our flat for 4 years. It has been for sale since April with no interest. We had found a property we wanted to move to and if we did not secure it we would…
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Tax on regular saver interest
Hi all, This may have been asked previously, but I'm struggling to find the info. I've got a typical regular saver account with Santander that pays interest in a lump sum at the end of the 12 months, and it's approaching maturity. For tax purposes, is the interest paid taxable in the year it's credited, or can it be spread…
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Employed (PAYE) £900 Tax Bill !!! 4 week/24 year anomally
Hi all, I have been employed by the same company for over 20 years, I received a letter from HMRC saying I owe £903.17 !!! I do not do my own tax my employer does, I have spoke to them & HMRC & they both say it is an anomally thrown up every 24 years for people that are paid 4 weekly instead of monthly, this anomally is…
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'Martin gave me the confidence to check my tax code - I got £11,500 in 10 days' - MSE News
A mum who queried her tax code after being made redundant received a whopping £11,500 rebate – and has paid off her debts with the proceeds...Read the full story: ''Martin gave me the confidence to check my tax code - I got £11,500 in 10 days'' Click reply below to discuss. If you haven’t already, join the forum to reply.
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P85 refund not possible if you are on self-assessment?
I've recently started a 1-year contract to work overseas and received my final pay in the UK at the end of April, which means I effectively paid more tax than I should on the basis I won't have any more UK employment income for the rest of the tax year. I submitted a P85 via my HMRC online account to get a refund of the…
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National insurance on second, self employed job?
Apologies if this isn't the correct board to post this in, however I am just about to set up a side business in addition to my regular PAYE job. I am trying to work out how much to set aside each month from this second, self employed role for when I need to file my tax return and I am getting a bit confused in regards to…
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IHT v CGT
Hello My wife is currently working with her parents on estate planning The parents PPR is worth approx £900k, and they have an inherited second home worth approx £400k (value at probate was £160k) Notwithstanding the seven year rule, would her parents be better off paying the CGT and gifting us the smaller property or…
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Loss on a property
Hi all, I currently have a property that I purchased for 70k in 2010 and this is currently my main residence. I will be completing on a second property, that will become my main residence, within the next 10 weeks. I have had great difficulty selling my property from 2010, and as such invisage that the sale will be a quick…
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VAT Small Business Advice
Hi, I'm in the process of starting a small online business selling items on eBay and I want to make sure I'm doing everything correct in terms of VAT. Many of the goods I'm selling are from suppliers on a dropship basis (I sell the item, the supplier ships to my customer on on my behalf) and this means I'm being invoiced…