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PAYE Reconciliation
Hi all, Anyone had any experience/timescale guidelines on the following, I was overtaxed in March and have managed to get HMRC via the phone today to complete a tax reconciliation that shows I am owed money, how long does it take for me to be able to claim a refund. Very helpful handler at HMRC said it will show in account…
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Help understanding tax code...
Unfortunately, I seem to need some assistance in understanding my mother's tax code, as I just cannot seem to reconcile it. Tax code: 159L State Pension: £9969 Other Pension: £7672 Interest (approx): £400 No other taxable income I thought the tax code would be higher? Unfortunately, we don't have the PoA registered with…
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Finding out an Employers PAYE Reference
Hi. Is there anywhere online you can find out an employers PAYE tax reference number. I have lost my P45 from South Ayrshire Council and need the reference number for my tax return.
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Newly Self Employed - Help with Loans - Self Assestment
Good Morning, My husband has recently changed employment to self employed. For his work he needs to upgrade his van to a larger transit. He is finding it difficult to get loans due to his working circumstances. Based on this - we can either top up our joint loan or remortgage (we have lots of equity). However when…
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Tax rebate
If someone worked for an employer until September last year, then left and hasn't worked since, how do they get their tax rebate? Is it just calculated and sent by cheque by HMRC, if so when, or would the person have to apply for it somehow?
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Tax on account held in trust
Hi, My son has been travelling for some time now and is no longer tax resident in the UK. At the same time he has not become tax resident anywhere else (no longer than 3 months in any one country, no employment, just staying in temporary airbnb type places). He started off with some inherited cash and also has income from…
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WFH allowance and claiming mileage
Hello, looking for some advice. I claimed the £312 WFH allowance last year as I was working from home and still am until later on this year. As lockdown eased, I was required to go back out on the road using my own car. I have submitted an expenses claim for roughly £1,800 to the HMRC but didn’t even think if I could do…
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Final payment in tax year 2021 -2021
Can anyone please give me the definitive of what someone is paid for and when? If I worked in WK 47 48 49 50 and am paid monthly - should the payslip and calculations be in that tax period even though the actual payroll did not run until the 12th April putting it in the new tax year? I fully understand that the employer…
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Tax on payment from a company....
I am involved in a property deal where I am selling part of my garden which contains some outbuildings, to a developer. They are paying for the land, which is CGT exempt as part of my main residence curtilege, but they are also giving me a few thousand pounds to compensate for losing the outbuildings. (essentially to…
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Discretionary trust and stamp duty question
My friend's mother is selling her old home and buying a new one by a discretionary trust. The trust has three trustees: the settlor (the mother, purchasing the new property) and two others. The two others (children of the settlor) each own one mortgaged property, which is their home. Does the purchase of the new property…
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Avoiding 40% tax bracket / Car allowance
I’m moving to a different company in the next few months, currently I’m a share holder (B shares) that gets paid with a mix of salary and div’s, (salary is basic and rest dividends). I come home with about £2700 each month. I also get a company phone and car. I pay my tax every 6 months according to my accountant which…
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Getting in touch with the taxman
One of the contributions about communicating re Income Tax said: You don't have a tax office. You are dealt with wherever they have capacity at the time to deal with you. That's why they now use a couple of PO Box addresses. Just write to one of them (one in cardiff, one in liverpool, or to the address on the last piece of…
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Capital Gains
Hope someone can help as being a pensioner I find it so hard to understand HMRC's website I bought a property on 2008 for £190000.I lived in the property for 9 years I then rented the property out for 6 years I have now sold the property for £280000Will I have to pay capital gains tax?Many thanks
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Tax liability on gifts
I am in the fortunate position to gift my son £100,000 to pay off his mortgage..........but I have read that the max annual figure I can gift is £3000 .........If I gift £100.000 would there be a tax liability for him or me, that is my first concern............The way I understand it is that if I gift over £3000 it…
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Allowable rental expenses
I'm struggling to determine exactly what can be classed as allowable rental expenses. There are three things in particular: 1) Council tax and utility bills in between tenants.2) The cost to replace a cowl on the chimney (squirrels managed to get around/damage the old one and ended up coming down the chimney, surprising…
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Trade income allowance on foreign income
I hope this is an appropriate place to post this. I am academic staff in a UK based university as a regular employee with a work contract, paying taxes and NIC via PAYE. In addition to this, I receive some additional income from an overseas university for providing services such as research outputs, seminars to their…
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Now paying tax - can I claim WFH allowance?
I haven’t claimed this allowance before as I haven’t paid tax due to being part time. However, I noticed recently that I’ve started to pay a small amount of tax due to a pay rise at the start of the year. Does this allow me to claim for the allowance now or should I not bother? FYI I’ve worked from home since the start of…
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External examiner fees (research degree) in tax return
I hope this is an appropriate place to post this. I am academic staff in a UK university (University A) and last year I was invited to be external examiner in a PhD viva examination for another UK university (University B ). Not sure if relevant, but I used to work for University B many years ago, and currently I work for…
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NI aged 65 - confused
I was working out hubbys wages on listen to the taxman I noticed there was an option to put your age in When you put your age as between 65-74 ( Male) it says you don't pay national insurance but when i googled it says you stop paying NI at state pension age which i thought was 66 now '? So a 65 would still pay NI ?
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Any ideas what has happened to my Tax/NI?
Hi everyone, first apologies if this is in the wrong forum. Hoping someone with more knowledge of tax and accounts than me can help with this query i have regarding my most recent payslip. I am an IT contractor, get paid weekly via an umbrella company. There was an issue with my tax code for one week whereby i moved home,…
