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Personal accountant?
I am 23 and have never had a "proper" job, however I have won quite a bit of money through gambling the last few years. Gambling winnings are tax free in the UK so none of it has been declared. I'm pretty much expecting to be investigated by HMRC at some point when they notice i'm earning interest on a significant sum…
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tax on interest
Hi, Could someone please be able to help with the following, My wife has just had her final payslip for this year and has earned £1950. (no tax paid on this sum) Has also received £4200. in money from savings accounts (no isa) All the interest has been taxed at 20%. I understand she can claim some of this tax back, the…
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Cash for car allowance.
Hi i was wondering if anyone can give me some advice here. Basically i get a cash for car allowance, which is to the value of £360 per month, this is to pay for the car,tax,insurance and upkeep. I assume that when i purchased the car i paid tax on the car, i am now getting taxed on the cash for car allowance so am i paying…
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how much will i get back
Im overpaying tax 40% , for various reasons, was charged on expenses plus last year they thought i had to company cars instead of one. So they are hopefully dealing with it now. I really want a rough idea of what to expect back... i have my 6031 - 8800 for car/fuel - 455 for private medical = k329 or so. But the IR had it…
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Any council tax discounts/rebates for green energy use,solar wind, or waste recycling
Or are there any grants or inducements for fitting solar etc ? thanks, neat website btw
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tax return balls up.
hi guys, just after some advice with regards to my tax return, first of all i am self employed in the construction industry and therefore am on the CIS scheme so my tax is payed automatically. i recieved a letter a few weeks ago from a compliance officer with regards to my last years tax return, they say that my figures…
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Working abroad and paying council tax
Morning Folks, I've just applied and been turned down for single occupancy(seems to be a theme this month for me, roll on April)discount on my council tax. Husband moved abroad last month to take up a positionin the middle east. He is no longer in the forces this a contract with a civilian company. He does not pay tax in…
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2nd job confused tax!
hello all i am new to the website but i am in desperate need of advice. i have started a new job full time for 22.500 a year but i still work one day a month in a salon- in the salon i work on a commission only for a cheque but he wants me to invoice him. does this mean he is not paying my tax? does this mean my tax code…
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Capital Gains Tax Query
I wonder if anyone could tell me what my situation is with regards to Capital Gains Tax. I have read information on it but am confused!! This is basically my situation:- In 1999 I bought a property and in October 2005 I rented it out because I was moving out of the area to become a student (origianlly for 3 years but ended…
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Second home tax breaks
Hi i am looking for a bit of help, i have just bought a second home and am looking at renting one of my propertys. i was wondering whether i cann get clever with the tax and what i might be able to ofset.
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self employed
I'm currently a student. Started doing paid work for a media related company on a freelance basis in January 2008. By April 2008 came I hadn't earned enough to go over the tax threshold so I didn't do anything about it. Over the last year April 08 - April 09 I have earned enough to start paying Tax. I knew that I could…
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Tax changes 2009/2010
I earn 17,290 - anyone any idea how much my take home pay may change next month due to the new tax rates and allowances coming in at the start of the new tax year Thanks
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why am i not paying 40% tax?
hi, My tax code is 603L/0 and this year so far i have earnt (according to my pay slip) £49785 taxable pay, underneath it says £51075 Niable and i dont quite understand what this means. could someone please explain it to me?? surely i should be paying higher tax by now? Thanks in advance
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No PAYE for Director in April?
I've recently been made a Director of a ltd company and the MD has just commented in passing that as a Director I don't pay PAYE in April's wage. Apparently though the remaining 11 months of the year I'll pay slightly more than normal to make up for it. I can't find any info about this online so just wondering if anyone…
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Paying too much tax?
Sorry if this is the wrong message board: Usually my wages each month before tax is £1450 then I get taxed about £203 each month. Today I have recieved my payslip and i've been taxed £290! Has anyone else experienced this? Someone said it was was maybe to do with the end of the financial year?
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Probate for loint accounts?
Iv'e just been speaking with a friend over lunch. Her Mother has passed away and she shared joint bank accounts with her. No will was left, but it is not a large inheritence. Does this estate legally have to go to probate? Surprisingly CAB suggested not dispite having a sister. She wants a private settlement with her…
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Avoiding 40% tax rate
Hello I'm comming close to hitting the 40% income tax band after working many overtime hours which I could exceed and like every other hard working individual doesn't like GIVING money away! especially to those greedy MPs who get paid to live. My thoughts were as I will be doing overtime from the start of the next tax year…
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Gift income
Hi, I'm puzzled and unsure if I need to declare anything on my next tax from: The situation: I'm EU national aged 20+ in full time education in the UK. My parents were keen on helping me with my cost so they given me £8000 on my bank account (within EU). I'm now using my foreign cards to pay for my bills or to take out…
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Tax and Redundancy
Please can anyone help me with this. I am being made redundant and I've been given the option to leave at the end of March or late April. I currently earn 35k per year I am due to receive 65k redundancy. I believe the first 30k is tax free but the remaining 35k is taxed at 40%. If I opt to leave in late April* Will the…
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What is a BR tax code?
hi i was lookin for some help. My partner started a new job in january and has been earning 700 pound over 2 weeks but after tax is only bringing home 400 pound!i looked at his tax code on his wage slips and it says BR can someone tell me what this means please and what i have to do?thanks ash