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Paying my wife some of our business income
Hi all, My wife and I run our own business (sole trader) from home. It's been mainly me doing it for the majority of the years and so I would pay the money from the business account to my personal account and then transfer money to our joint account to keep things simple. The past couple of years my wife has been working…
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WFH expenses/tax relief
How does the £6/week from employer allowance get claimed? Is it through the HMRC microsite as one would claim the 20% tax relief or does it need to be claimed directly from the employer? Also, as it is tax free does this get recognised in tax code or just a supplementary tax free payment?
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WFH expenses/tax relief
How does the £6/week from employer allowance get claimed? Is it through the HMRC microsite as one would claim the 20% tax relief or does it need to be claimed directly from the employer? Also, as it is tax free does this get recognised in tax code or just a supplementary tax free payment?
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what is allowable ?
Hello I have been self employed in addition to PAYE for several years but this tax year I have been entirely self employed as a Nurse. I work on average 30 hours per week and stay overnight one night. I claim my uniform, mileage and I understand I can claim some meals? Is there a flat rate I can claim as I am away always…
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Council Tax Differences
Hi Ive searched for this on the forums but not found anything. I rent a 2 bed flat (alone) and the council tax is band C, £101pm. Talking to a friend who lives in a 3 bed link detached property (band D) and is charged £112pm. I've checked the bands etc with MSE's council tax page and the band appears to be correct. I find…
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Advice regarding pensions and self assessment tax please
Hi all,I've just retired and started receiving my state pension from October 2020 together with a previously existing civil service pension. I fully expected to hear from the HMRC with regard to paying income tax as the combined pensions will be in the region of £15,244/annum but I've received nothing. Would somebody be…
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Receiving money as a gift
Hi there, If you have received money as a gift from a parent, fairly large amount, more than £50k, how is that best treated tax-wise? Do you need to complete a tax return? I've heard something about a 7-year rule. Are there insurances around the tax payment if the parent passed away within that 7 years? All the best!
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Mystery Shopping Tax on Items Bought
Firstly apologies for another thread on mystery shopping and tax. I have searched and searched and cannot find an answer to my question! I do mystery shopping and get reimbursed for the items I purchase (which I get to keep) plus a small payment per review I know for sure that I have to declare the payment for my time…
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Covid and 19/20 Paper tax return
I know it's still a couple of weeks until 31 January but was wondering if anyone know what the position would be if a paper tax return was sent to HMRC by the end of October 2020 but the taxpayer hasn't received their tax assessment from HMRC by 31 January 2021? I could see this happening as HMRC will have been as affected…
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SIPP Strategy advice
I am in the process of working out the optimal SIPP investment strategy for dividing payments between myself and my spouse.I earn in the 40% tax bracket and my wife earns in the 20% bracket. I already make payments around 13% to a DB pension. Our incomes are pretty variable year on year but I rarely drop below £50k and my…
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Tax implication of moving savings from abroad to the UK
Dear MSE members,I am need of some advice to understand if any tax is to be paid on moving my savings from my account in my home country to the UK. Some background: Me and my wife are foreign nationals and have been living in the UK for the last ~10 years. We now have ILR (settled status). We both have been employed for…
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Need to file a self assessment form
Hi everyone, hope you are all well in these crazy times, I just wanted to ask a question on behalf of my friend who is blind, does anyone know if a non domiciled, uk tax resident who receives a disability income from US has to file a self assessment form here in the UK if their income is below the £12,500 personal…
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marriage allowance now husband owes HMRC
Hi all, my husband made a huge mistake. Husband applied for marriage allowance and for the claim to be backdated as far as the tax year 2016-2017. However, I did not work 2016-2017 or 2017-2018 and now HMRC has sent my husband a letter saying he owes them income tax nearly which is £600 for those two years, despite me not…
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tax self assessment query
I've used the HMRC online form service to ask a question about whether or not I need to do a self assessment return . I submitted it a month ago and haven't had a reply from HMRC . If they don't get back to me before the deadline ,will I get fined if I don't do a return and they come back to say one is needed?
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marriage allowance and now husband owes HMRC
Hi all, my husband made a huge mistake. Husband applied for marriage allowance and for the claim to be backdated as far as the tax year 2016-2017. However, I did not work 2016-2017 or 2017-2018 and now HMRC has sent my husband a letter saying he owes them income tax nearly which is £600 for those two years, despite me not…
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Can I claim TAX back on training costs
I recently sat my Class 2 and Class 1 training and my CPC training. I've read some bits that make me wonder can I claim back some tax on the cost of the 3 sets of training?
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HMRC Gateway
I am trying to create a Government Gateway account. I created one before for my wife so I know it can be done. This is what happens. I have got my Gateway Account number. I log on. Verify by a code given over the phone. Get on the site. Give my national insurance number, name etc. Then it says it needs to confirm who I am.…
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Trading Allowance - income from property
Hello everyone. Trying hard to get the SA right before the deadline! Question is re the £1000 p/a trading allowance relative to a private property rental. Property income has been properly declared on all previous tax returns for several years. My tenant moved out on 31st May 2019, so only paid 2 months rent at £600 per…
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Our Council notified us of increase of our the council tax for granny/annex flat up to 200%
Hi I hope that somebody can advise on a best way to deal with an issue. Our Council has notified us that from Feb 2021 our council tax will be increased by 200% for our basement/annex /granny flat as it has been empty and unoccupied for 2 years now. The basement / annex/granny flat is a part of the house . It has a…
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Property Gifting
Hi All, I was wondering what your thoughts were on my family's situation. We are in the process of consulting a IHT advisor to give their thoughts also. We have a property of self contained flats (far over the IHT threshold), my mother lives in one and was looking at the possibility of gifting the entire property for IHT…
