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How Much Tax & Insurance SHould I Have Paid?
My annual salary is £30k before tax and NI. I have a interest free loan of £1760 for my travel card which gets taken out each month. My monthly salary after tax and NI is approx £1727. I am married and under 65 and receive no additional benefits apart from child benefit and child tax credits etc what everyone gets for my…
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retirement tax
Can anyone tell me what tax i should be paying now im retired. I get £8008 state pension plus £2718 occupational pension. I've been given a code of 171P which is the same as when i retired on 1st Nov 09, which i found surprising! Im on the higher personal allowance.
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Un-earned income
I had to pay back a legal chargee loan of £9,000 plus interest to friend. I took out a loan and paid back £18,000 still owe another £8,000 which along with the some of the £18,000 is all the interest. This friend is doctor and earns over £80,000 a year. I asked if he has told the tax man, he said no, as hes allowed so much…
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How much tax?
How much tax does someone earning £600 per week pay? :confused:
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SE Spreadsheet of somesort....
Hey all My H2B will be commencing self-employment as of Jan 2010 as an auto-electrician. Does anyone have a Spreadsheet of someworts that i could use to keep a tally of what he is earning etc - it is similar a job to any trade but i ca do some adaptions. I am 'in charge' of keeping accounts for him but i also work 18-20hrs…
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Dividend from US Shares
I've some shares in a US company which are held by Citigroup at their Chicago office. I want to verify that I am correctly handling the annual dividend payment in respect of UK tax liability. Suggestions on good sources of information and help me would be appreciated.
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Proving Income over 6 years ago to HMRC
Hi All, Wondering if anyone can help. Basically, if you've paid tax on income from a rental property but at the time you were a student and therefore any income generated falls within your allowance how can you prove this to HMRC? They only accept bank statements and not P60s but if you're going back over 10 years ago…
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when to fill out a self-assessment
I became self-employed in June 2009 and notified HMRC of my self-employed status, will I need to wait until Jan 2011 before completing my first tax return or will I have to do one in Jan 2010?
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Such a mess with taxes!
Hi all, please I need an advice or I'll go mad about all this. I am full time employed and registered self employed. In my employment I took a health insurance last year which is a taxable benefit (calccelled after 1 year). The HMRC , like always, did not notice that I had this benefit until last year, so they adjusted my…
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Savings Interest Tax?...
Hi, I recently got a tax bill from a few years back when i'd received interest on some savings but it was collected at standard rate instead of higher rate. Hence i had to pay the difference plus interest back to HMRC. I'm about to remortgage my house to which I currently have an offset savings linked mortgage, meaning i'm…
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I'm scared
I just found out my tax code has been wrong all year it's bee at 420l when it should've been 4T! OMG how much will I have to pay back next year now? I'm on about 20k and have to have a company car for work.......
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Tax code
I have worked for the same employer for over 10 years - on this months payslip my tax code has the letters NONCU after it. Previously the letters have been CUMUL. Can you explain what this means?
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Tax allowance - voluntary NI payments?
Just a quickie A person whose only income is from savings income interest is paying voluntary National Insurance contributions Is the NI payments tax deductable? I have browsed the internet for an answer but could not find anything - so I guess not - however if you know different please reply Thank you for your help
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Gain on property
Hello Asking on behalf of my dad. He got the title deeds to my grans flat about 10 years ago and she lived there rent free for that time. There was no consideration for the property. She has now moved into a care home and my dad wants to sell the property. He has been told that the capital gain will be charged on the price…
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Tax advice - end of self employment
I was working on a self employed basis for just over two years until July, when I was told I was no longer needed. I've deregistered(?) as self employed as I'm 68 and don't expect to work again. My total earned income for that part of this year was about £7,500, paid gross. Net profit from work last year was £18,370 -…
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Offshore tax haven - good idea?
Hi all. I've been self-employed for 5 years and about 12 months ago my business changed direction and really took off. I've had the same accountant for the past few years when I was grossing around £30k a year. In the past year my income has, thankfully, gone upwards by a large margin and I'm now looking to change…
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Can i do this?
Hi im looking for some adive>>>>>I have just got my tax bill through, and the tax i owe for 2009-2010 can i buy machinery for my workshop and deduct it from my tax bill or will i have to wait to my nex tax return......Thanks
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HMRC - Scaring and worrying me - I thought we had an agreement...
Hi - Not sure if I'm posting in the right place but I wonder if anyone can help me? My husband has a tax debt and appx 2 years ago we set up an agreement with HMRC to pay £200 a month, the debt was appx £7 then and is now £4k outstanding. We have never missed a payment but are unsure as to whether this agreement including…
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Must I declare Christmas present cheque?
Hi Self employed but work reguarly all year round for a client. They paid me my usual wage this week but in my Christmas card there was a cheque for £50 as a thank you. Do I have to pay tax on this cheque?
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Dividend Income and Capital Gains - am I due?
Hi, just looking for some advice before I phone the tax office. for the Tax year ending April 2009 I took the following on dividend income and capital gains. Do I need to fill in a tax return? £346.58 Dividend Income £257.43 Capital Gains Just reading the HM Rev site I think I don't as it's below the £9600 threshold for…