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Self assessment non filing
I sell on Ebay as a Business Seller registered with Tax office as a sole trader, for 2019 - 2020 I made less than £1000 and discover I don't need to send an assessment this year. I followed the Gov help link as it says I should let them know why I'm not sending one and it sent me to a deregistration of business form asking…
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Salary sacrifice for private pension
Looking at the last 12 months , my pension value is roughly my contributions , no growth. Is a large monthly sacrifice still the best option or are people saving some other way and timing the transfering in of money more carefully.
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P11d Questions
Couple of questions on this For medical is it normal that the figure used for 2020/21 tax year is the amount of benefit from the previus tax year and its always calculated a year in arrears ? My medical policy runs July to end End June and started 01-JULY-2019, so would the amount used in this tax year be adjusted as I…
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Are donations taxable?
I'm a retired art teacher and supplement my small teacher pension running workshops for adults, I do my own self assessment but rarely pay much tax.. When C19 struck I decided to start a Youtube channel to help people find something to do. I aired two videos a week and I didn't charge, but I asked for donations via Paypal.…
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Challenging Council Tax Banding - Next Steps Help
Hello Everyone,I am looking for some guidance really. I have tried to challenge my tax banding but if I am been honest did not put a lot of evidence in with it so it was rejected. However I still 100% believe I am on the incorrect banding and have been for the past 12 years. On my street there is 50 houses and according to…
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Tax query
I've received a letter from HMRC which states I owe them £117 from a previous year's tax. I think this is related to the mileage payments I get from work (65p per mile so I know I have to pay tax on some of it). They go on to say they're reducing my tax free allowance by £589 so that they can collect the £117 in equal…
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Tax rules on PhD stipend living in France
Hi! I'm currently approaching my 183 days of residency in France and have started to get twitchy about income tax/social charges. I study a PhD at a University in the UK and earn a studentship stipend (a type of grant) of £14,000 a year. To be clear I'm not working at a university in France, I've been writing my thesis…
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Setting up small Ltd business - reasonable accountancy fees?
Hello, I am considering moving from a sole trader status to setting up a Ltd company business as a sole director. I have been advised that it is a a more tax efficient way of paying myself a pension through the company rather than personal contributions as a sole trader. Building up the pot fast is my main priority having…
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Private Residence Relief on CGT
Bit of a back story... Myself and my husband are purchasing a property, the mortgage is solely in his name. We wanted both our names on the deeds but have been told this isn’t possible as I am not on the mortgage. I will be living in the property for two years ( he works and lives abroad) and then we will be renting it…
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Tax advice please
My husband has recently acquired the property of his Late mother. We intend to rent out the mothers property for a while and it is in the process of getting his name put on to the deeds. Husband is also retiring at the moment (Voluntary redundancy ) and will be getting a decent payout next month. This taxable redundancy…
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HotDesk membership rather than Working From Home?
In these unusual Coronavirus times, my employer has reopened our offices, but we are only allowed in for a maximum of 2 days per week. The remaining 3 days we are required to work from home. My home isn't a good working environment, so I was considering signing up to a hot-desking membership to work from a coworking…
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Roof Repair Cost Increase Due to Council Regulation Changes
Hi all, There are a few catagories the issue below fits of which I hope this to be the most appropriate. Thank you any help and apologies if there is a more appropriate location. Key items: Roof requires replacing, likely purlins etc... - Structural engineer visiting due to large span and existing structure 80+ years old..…
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Will HMRC allow monthly payments for student loan, less amount being paid through PAYE?
My partner was working as a contractor up until the end of this financial year (he ended his contract on 20th March). He then moved to be a salaried employee starting on the 6th April. He has just had his latest self assessment and owes £1,400 in income tax and £5,100 in student loan. The query we have is, will his PAYE…
