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council tax challenge
hello. I have moved into a new build property, which has been banded at G. Since researching other similar properties in my area, i have found a large number of similar or larger properties in bands E and F. The valuation officer has advised me to submit evidence of 15 that are the same size, within a 2 mile radius. Can…
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fuel costs-what counts as business mileage
I am full time employed but just started some self employed work at a private premises. I have to travel from my permanent NHS place of work directly to my self employed work location. I know you can't claim fuel expenses on commuting from home to work but can I claim for miles between 'permanent employed place of work'…
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Please Help Me Understand If I'm Stupid, or Others
Hi all, I'll start by saying I'm equal parts exasperated, angry, anxious and frustrated. Right, long story short, due to an admin !!!!!!-up stemming back to 2015, I am currently paying off 4 separate tax years worth of underpaid tax. I have standing orders setup for simple tax assessment calcs, so that debt is being paid.…
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P60 not supplied
I worked for the local authority for the last 10 years on a part time basis - at the same time as claiming a Civil Service PensionI was sent my CSP P60 today - which incorporates both togetherWhat has my local authority job got to do with my CSP ? Why would I not be sent a seperate P60 from my local authority job ?
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Personal savings allowance (HMRC tale) #2
Thanks to all who contributed to my previous post about this..... Finally managed to speak to someone today who said that the £5k was not a thing and that the allowance (basic rate tax payer) was £1k. I did go through what was online and explained my understanding but was told I was incorrect.... Just an example I ran…
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ISA Query
Hi - I have held a Cash ISA for a number of years with provider 'X'. I was £3.6k short of the FSCS ceiling of £85k, so put this amount into the account with provider 'X' after 6 April (having already used last year's allowance). I have read somewhere that you cannot have 2 Cash ISAs 'live' at the same time?? Can I open a…
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Fee protection / Tax investigation insurance for liquidating company
Hello there. I currently have Pfp fee protection insurance via my accountant's group scheme. The renewal is coming up but am told that they will no longer able to offer renewal on the group scheme as I am not intending to use their accounting services going forward. Accountant last year completed final accounts for a…
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Seperate Tax Refund Applications For Pension & Employment?
Hi All My Wife retired in Nov 2020, we have two P45s for her income one from her employer and one from the small pot pension she took. Her total income from employment and pension is £13073 and she has paid £690 in tax which is more than her income (£573) above the £12500 PA. I looked at making an online tax reclaim but I…
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Untaxed interest on savings affecting tax code
Hi, I’m not very savvy when it comes to tax so I’m confused by my new tax code. My code is 961N Background- I was on maternity leave last year so only earned £6000 April to April. This year I’ve started back on a new role/salary, I earn £8400 a year. Checking my tax code on the government website pulls up some deductions…
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Write off tax home improvement for home office
During Covid I have been asked by my employer to work from home for the foreseeable future, and I have claimed the standard tax back for this on my most recent self assessment. In the last few weeks the company where we rent our office from have gone bust, so we now have no office to work in, even if we wanted to. It is…
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Tax Code / Pension Query
I would appreciate some advise on my tax code and information regarding pension payments. Below is a summary of my tax code (1057L) from HMRC : Personal Allowance12570Personal Pension Payments788 13358Child Benefit-659Profit from Rental property-1627Medical Insurance from work-501 10571 I contribute Gross £1,575 in pension…
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Salary vs dividends with employment allowance
I am the sole director of a ltd company and have one employee (started this financial year) who is paid £9000 a year. This qualifies the company to use the £4000 employment allowance for employers NI. I have new property income of about £15,000 which more than uses up my nil-rate band , tax-free dividend allowance of £2000…
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Questions/doubts on dividends
Hi, I own a small ltd company which I've been using to run a part-time business. I'm the only director of this company, the only shareholder and I've been running the company for a number of years. As I'm a higher rate tax payer because of my primary work I'm using my 2K/year dividend allowance to extract money from the…
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Which tax year is this expense ?
I have an invoice for an allowable expense to deduct from my income. The invoice date from the management company is 5/04/21... however it has been debited from my bank account on the 6/04/21... as the 5th was a Sunday ? Which year should I include this expense for on my SA? This tax year 20/21 I was heavily impacted by…
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Reduce prior year tax bill if now out of work?
Hello I was a higher rate taxpayer last tax year but I am now out of work and likely to be out of work for the next 6 - 12 months for family reasons. As i'll have very low earnings this tax year onwards, is there anything i can do to reduce my tax bill from last tax year (the one just ended)? I guess it's not possible to…
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UK Citizen Living in Canada
I have a friend who is moving to Canada on a 2 year travellers visa. He is a PT and, as a result, most of his income earned is through simple bank transfers in an online bank (Revolut). What way should this be treated for tax reasons when he moves to Canada, where he will inevitably continue coaching clients back in the…
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Tax implications of joint bank accounts
Tax implications of joint bank accounts. discussion wanted please.
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Son's (he is a student) tax code is 1070L - why?
I wondered if anyone had any ideas as to why my son, who is a student, has a tax code for this year of 1070L? Why doesn't he have a standard personal allowance. He doesn't have any investments etc that need tax paying on and his earnings from a part time job don't take him over his allowance, but puzzled as to why it is…
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Repatriating to the UK
I Left the UK in October 2020 to work full time in Bahrain. I had been a UK resident up until that point.I will be a non-UK resident for April 2021-22 as I am working in Bahrain full time for a full UK tax year.I will be ceasing full time employment in Bahrain in July 2022 and repatriating to the UK the same month for…
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Holiday Pay & Tax
Hi everyone, I was paid 7 days of annual leave in error this month which obviously led to me paying more tax and NI than usual. Payroll is going to reverse this for next month and deduct this holiday pay from my salary so I assume that I will pay less tax and NI than I normally would each month? Thanks
