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Dodgy P87 claim
Someone I work with recently submitted a false claim on a P87 form (at least I think it's false). I have submitted a couple of these claims in the past and I am aware that this form is used to claim back money for the business travel you make in your own vehicle. I know it's abit more complex than that but in my opinion…
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Tax help please
Hi Until yesterday I was working full time and earning £13000 a year with the standard single persons tax allowance. 6 weeks ago I was traced by a company and following the death of my estranged husband awarded a pension of £22000 a year plus back payments on this to last july. I was awarded a back payment of £18000 last…
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Do you pay tax on cash gifts?
Reading a reply on another thread it was suggested that you can give away as much money as you like and the recipient will not have to pay tax - there is no tax on gifts in the UK. Is this correct? I have been trying to find out how much money you can receive as a gift without paying tax on it. If my father decided to give…
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Part time job- Tax implications
Help required! Having reached my 65 tax year my allowances have gone up as I am under the £22,900 limited allowed. As things are at the moment I am coming up each month with a shortfall, not by much, but over the year it is making a dent in my savings. To rectify this I thought I would get a partime job, on the face of it…
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VAT back?
I am converting a house i own into to two new houses, by dividing it into two and adding an extension. I dont intend to live in either house when they are finnished. ( it will cost about £65,000 to do on top of the price of the house ) Is there anyway i can claim the VAT back on this project. ie limited company or Vat back…
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CGT: Principle Residence Relief: Too late to benefit after sale?
My father has owned his first, de facto main, residence, P1, for nearly 50 years. In 1996 he acquired a second residence, P2, which he used regularly, but I do not believe he ever made a S222(5) CGT Act 1992 election to choose his Principle Private Residence. He is now selling P2 and I would like to obtain relief for the…
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Electronic Synthesizer - Wasting Chattel?
I just wondered if anyone could clarify whether an electronic synthesizer would be classed as a 'wasting chattel' when viewed for CGT? I gather all machinery is classed as wasting chattels - but what about electronic goods - are they classed as machinery? Thanks!
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Higher Tax Code Questions?
Hi All, Im currently paid £28000 a year and with a shed load of overtime im likey to earn over £40k this year, my concern is the tax i will pay on this. I've asked people i work with but noone seems to know, some say that if i earn enough to put me in the higher tax bracket that i'll pay 40% tax for the following year?…
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Working abroad?
I'll be working in the Far East for three months. Are the income tax rules still the same for this period of employment? Thanx
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Travel allowance, taxable or not work changed it without notification?
For the last 6 months or so I was given a travel allowance as I live quite far from where i am working at present. This has been on the right hand side of my wage slip meaning I was not taxed on it. Suddenly without any notice or warning this has appeared this month on the left hand side of my wage slip meaning that I have…
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Becoming a mature student: self employment and paying tax?
I became self employed in September 08, and submitted my first tax return in April 09. However, next month ( Sept 09 ) I will become a mature student ( studying full-time ). It’s possible that I may try to continue working for myself on weekends ( providing the work is there of course) but I'd like to know what I should do…
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Receiving inheritance money from abroad
My nan passed away and she left me £90k but the money is in Japan. My mom said she'll just 'send it' to my normal account here in the UK. - Is this such a simple process? - Would HMRC stop the transfer assuming 'abnormal' movement? - Would I have to pay income tax on £90k? If I am going to get taxed, I'd rather fly out…
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S/E-Fuel claim?
Hello All, I am confusing myself with my Tax return and would be grateful for some advice, I work in the construction industry and have been paid through CIS since the beginning of November last year. I use my own car for work and personal use and I reckon I probably use it about 80-85% work and 15-20% personal, for the…
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Tax refund and head over Parapet
Hello one and all I was wondering if someone can settle an argument my wife and I are currently having over the dining table. My wife works in the NHS, and a company has told her, and her colleagues, that they may be due a tax refund on such things as being a member of professional bodies etc. I have told her not to bother…
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tax refund for tools
can anyone help me on this situation. i currently work in a garage and have to buy my own tools.i must spend hundreds of pounds on tools every year.i already claim the statuary allowance for my job which works out about a pound a week.i have heard i can claim the money back from hmrc. is this true and how do i do it.
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Tax rebate cheques - when will they arrive?
I have been trying to get a rebate since April - (my information is there, 2nd post from bottom) http://forums.moneysavingexpert.com/showthread.html?t=1839065&highlight=tax I did write them quite an angry letter and within a week they were on the phone, phoned my house phone, my mobile twice then left a message. I rang the…
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Training Courses for Doctors - Any Tax relief?
Because both my wife and I are top rate tax payers but working for big employers every couple of years we get letters from HMRC telling us we do not need to complete a self-assessment because our lot are good at the PAYE. That seems to save a lot of hassle, so I've been glad of it. Recently though I've been wondering if…
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Tax on personal pension
I recently took early retirement on the 24/7/09. I am to receive my 1st pension payment of £706 per month on 1/9/09. I have calculated that my tax on this sum will be about £33.75 for the month(my tax code is 659L) However as I have received nothing for the the month of august and the last week of July, they have included…
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claiming tax back
i work as a teacher in italy. i didn't realise that i shouldn't have paid tax for the first two years. is there anyway i can claim this back? i tried taxback.com but they dont claim from italy thanks
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Should I go self employed?
I currently do a little bit of book keeping from home for a company I used to work for. I'm self employed and invoice them as and when. I also work in an office and have recently resigned from my current position and found myself a new job, but my current employer has asked me to carry on working for them on a part time,…