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unsure
Not sure if this is the correct place to post this but here goes !! I recently (1st Sept) got TUPE'd and my previous employer apparently didn't let the Tax office know that I (and by 'I' I mean all 200+) had left their employment. I now, in this months pay, I have paid too much tax as the tax people think I have two jobs.…
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VATon caravan site fees
Can caravan sites charge you 20% car and pay 5%
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Higher rate tax on pension?
I would be very grateful if someone could confirm whether I would need to pay some 40% tax on 2 pension pots I am cashing in. Do the tax people add any pension 'pots' receive in one year to your income (for tax purposes) after or before the 25% tax free portion that you can have. I am asking because as my total income for…
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Updating details on personal tax account
I've updated my estimated income for this year on my personal tax account, it says it will take up to 48 hours to process. I also assumed I would be able to update my pension contributions and the fact that I'm working from home so can claim the £6 a month allowance, however I can't see any way to do this. Do I really have…
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I am freaking out!
I am a beautician and this is my very first Self Assessment and last night, I found out I made an error on my recently submitted 2019 /2020 tax return. I did it for the first time 3 weeks ago on my online account and also summitted it as well as Paid the Taxes due but, owing to my error I can see I made an error which…
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Tax Paid - too much?
Hi all So this year has been tough, as was unemployed from Jan 20 to Sept 20. I received about £1k from Govt for Job Seekers Allowance. Got paid yesterday - but have been taxed, although I am nowhere near earning the £12.5k tax free allowance yet. Wasn't expecting to get taxed for a few months. My tax code is 1250L M1 -…
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is this legit and if so how do i claim back the tax?
ill try to keep this brief my newest employer need me to go away for training (i am a key worker). So i have ended up paying all the travel to get there (and extra accom as they only booked accomm for the week, not the last day- we live to far and remote to get home so need an extra nights stay- although boss now says i…
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Sole trader selling capital items
5 years ago I bought a new trailer for my sole trader Handyman business and claimed the full cost as a capital expense on my tax return. I just sold the trailer for less than I bought it. On my next return, do I have to identify that income and therefore pay tax on that income or is there a way around it. Also I am…
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MarriageAllowanceCheck.com - is this a fee paying company?
I've just seen Local Authority promoting marriageallowancecheck.com , by sharing the link on their information page. My first thought was this must be a fee-paying site and I was concerned residents would use this, rather than the .gov official site. However, I'm struggling to find out if it is definitely fee-paying and…
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Online teaching/coaching and VAT
Since Covid I have moved my business from teaching/coaching in-person to teaching online; I am creating videos that students watch via specialist teaching platform, with downloadable pdf's. Its remarkably profitable but I have been informed that these are liable for VAT, as they do not include 'live tutor support' , they…
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Import duty on samples
hi. As a side line for my main business I test out and write articles on products, it doesn't pay but it identifies me as an authority and pushes custom my way. Earlier this year I was sent some products from a company in the usa, after a few weeks I got a letter from HMRC saying the goods were valued at £650 and I had to…
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Main residence
We own a flat. In May 2019 we bought a house and began renovation work. We intended to finish renovation and move in March 2020, then sell the flat. Due to COVID we moved in June 2020 and only finished the renovation in September. Due to lack of EWS1, we won't be able to sell the flat until early 2021. Unless the market…
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Starting half way through tax year
So I had a part time job up until 19th June. I earned £1545.65 up until then (from the start of the tax year). I then didn’t start my current job until 24th August. My annual salary is £18500 and I get approx £1541 gross each month but I’m currently getting taxed £99.80 each month. My tax code is 1250L M1 which I know is…
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Student Council Tax and exemption
Hi, Does anyone know if I qualify for a council tax exemption? I am a lone parent technically on a Teacher Training course, however, I interrupted my studies from January 2020, to January 2021. A much older thread on here states the exemption only applies if the interruption is less than 12 months. Any advice appreciated…
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Cryptocurrency Capital Gains Gifting
Hi, So, I will be selling some cryptocurrency soon and what want to pay the least amount of tax as possible, legally of course. From what I understand the capital gains tax allowance is £12,300. I know it is complicated with gains/sales made over the tax year, but lets say I made one purchase and about to do one sale. If…
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Do we have to equally split expenses associated with renting out our house
Just started renting out a property and registered for a self assessment tax return account last night. Keeping an excel spread sheet with costs, alongside receipts. I earn £38k and my wife earns £10k from employment outside of this property. I was planning on declaring all of the expenses on my return as I'm the only one…
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Calculating HR Tax Bracket
Good morning, Hopefully a quick one which can be cleared up by someone far more knowledgeable than me. When calculating income to determine which tax bracket I fall in to, do I use net or gross income from a rental property? This will then determine if I am HR and subsequently if I can apply for marriage allowance. My…
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WFH Tax claim- can I claim tax back on new hardware and an office chair?
I have been working from home for last 3 months due to coronavirus (started a new job). The office is technically open but on reduced capacity so we can't all go in at once, and in central London. I have been looking to replace the uncomfortable dining chair I have been using with a proper office chair. I also use an iPad…
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Capital Gains Question
We sold our German Flat last October and I'm sorting out the 19/20 tax returns at the moment. Because we held onto it for more than 10 years we have no tax bill in Germany at all so will not be asking for foreign tax relief. We will however have to pay CG tax on the sale here. We had been renting out the property up until…
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Tax Code Change
Hi, I’m hoping somebody might be able to advise if my new tax code is wrong or explain why it has changed as I’m a bit confused. Mid last year I took a career break and didn’t work/ earn from last July 2019 until starting back to work this month. It was a planned break which I had saved up and budgeted for so I claimed no…