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Untrustworthy Employer
Hello, Could someone tax literate perhaps help me? I have been on furlough, and during this period have spoken to HMRC to try sort out some tax affairs. There however have been some strange things occurring. My tax code is continually changing which caused me to look into things. 1. My employer has told HMRC I earned…
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Car allowance
Hi all I've asked my boss for a car allowance instead of a company car. He seems to think he can pay me this as an expense so as not to attract tax and NI. I'm 99.9% sure this is totally illegal as a car allowance is a taxable benefit. Also assume it would leave me liable should I be investigated. Your thoughts please.…
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Inheritance tax
Hi, When my father died a number of years ago, the 2 properties own by my parents went into tenants in common with my mum owning 50% and my sister and I owning 25% percent each. Now we are selling one of these properties, will any of use be subject to any taxes?
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CGT on inherited property
Hi, thanks for taking time to take a look. I inherited a property 10 years ago and on the probate paperwork the property value was declared at a certain value, lets say £100k to make it simple For the last 10 years the property has been rented out, but I've now had enough of the stress. So if I sell the property for…
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hubby demands to repay for Council tax
I hope for the advice please; hubby demands to repay for half of council tax bills paid by him in full while I was unemployed for the last 2 years. Can he demand so and am I liable to repay- I am stil unemployed and desperately looking for jobs.
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Unexpected spike in monthly tax payment
Hello All, I have looked at the readily available tools but could not figure out why I have been charged more than 2x my regular taxes all off a sudden in this month's payslip. Basically, as of last month, my tax bracket has become 400L from 1250L driven by some company benefits. I am aware this means my tax free allowance…
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Where to pay income tax, and how to receive money...
Hi everyone, My first post here. I have some questions regarding self-employed income tax and my soon-to-be situation. I am a UK citizen, self employed for almost 10 years. I work for a variety of clients, many in the UK, but others around the world (USA, Australia, for example). I'm a music composer, so all of my work is…
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Child Benefit Allowance and Salary Sacrifice
Hi all, I have accepted a new role within my company with an increase to salary and either company car allowance or car scheme. I know there have been changes to company car tax, however I am unsure about how electric cars are calculated into Adjusted Net Income and specifically for the Child Benefit Allowance. To save…
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Ways to reduce tax immediately in payslip
Is there a way? DH has been put on a different tax code after a complicated 18 months, which has increased his tax contributions by £1,000 a month. He has increased his pension contribution to reduce tax taken, but this made no difference (Is it something that only changes after the financial year?) We've done everything…
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Council tax - local authority error, how to approach.
First off, I hold my hand up for failing to notice and pick up the following. On checking property details (Scotland) with https://www.saa.gov.uk, I discover my residence has the correct band assigned, but I was puzzled as this didn't reconcile with the DD to the council. It appears the council are charging us for the…
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Fuel card benefit in kind
My job comes with a company car and fuel card, both of which are classed as a benefit in kind. The fuel card equates to over 7k B.I.K on my P11D and I used to do a lot of driving so it seemed about right, but with the Covid 19 Situation I have only driven to work twice since the end of March and my personal usage has also…
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Income put into wrong tax year
My dad died on Boxing Day 2019. My Mum received a small lump sum from his civil service pension dated 3/4/19. Instead of putting into last year’s tax year they have put it into this year’s, causing my 88 year old mum to pay tax on it, which she wouldn’t of if it was in last year. I have contacted both the tax office and…
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Company Car Fuel Relief and 2nd Job
Hi, I'm hoping someone on here can help clarify a question for me.I have a company car which is classed as BIK and they pay me 11p per mile for business miles. Can I claim any tax relief on this?I'm also a member of the Army Reserve, which pays me milage at 23p per mile. Can I claim tax relief on this?I know someone that…
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Pension tax and overall tax
Hello, I'm helping my dad with his tax for 2019/20, and I'm puzzled by some small discrepancies in the pension tax and the overall tax that he paid. He doesn't do self assessment, so we logged on to his HMRC tax account to get his pension PAYE details, tax codes, and the overall amount of tax he paid.He has three private…
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Gifting Property - CGT/SDLT/IHT
I intend to take legal advice if this idea has legs but wanted to initially rack the brains of the wise folks here. I am the sole owner of a cottage that has been my primary residence since purchase in 2007. I married subsequent to the purchase and Mr DQ has always owned a separate primary residence. We now intend to…
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Avoiding tax as a teacher?
Hi there, I am a full time teacher on £46.5k. I also private tutor - I am in a high tutoring area due to grammar schools and make roughly £1,500-2000 per month (dependent on holidays). This works out at a maximum of £24k extra per month. If I declared this as self employed then I’d end up paying 40% tax on a chunk. I don’t…
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HMRC / Former Employer £25k PAYE error
...or 35K error depending on what way you look at it. Hi All, TL:DR: My Former employer made an error, HMRC didn't spot it until I indirectly brought it to their attention and now I owe ~£10k instead of the £25k HMRC that assured me they were issuing to me as a rebate. Financial amount aide, the ask here is, has anyone…
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Marriage Tax Allowance - Circumstances Changing
I am retired and my wife works part time, I claim Marriage Tax Allowance because her earnings are below the tax threshold. In October however my wife will be taking a 12 month unpaid career break due to the effect that Corona Virus has had on our Family circumstances, My Wife is classed as very vulnerable and we have a…
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Company Car Allowance and Tax Relief
Hi, I currently receive an annual company car allowance of £5k on top of my salary, split and paid montly in my wages. I receive around 12p per mile for business mileage. Am i eligible to claim tax relief for the difference to 45p per mile?
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Home Office – Allowable Business Expense?
I'm just gathering my statements together (Earnings and Expenses) for the 2019/20 tax year and had a question regarding allowable expenses. During this tax year my wife and I added a loft extension to our home, the build took place between April and June 2019. The loft consists of 1 x bedroom, 1 x shower room and an office…
