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Claiming tax back for tools
I'm a commercial vehicle mechanic and have been told i can claim some tax back on any tools i have purchased. Any ideas how i go about this and how fgar back i can go?
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self employed mileage allowance
Hi i heard martin talk about a system where you can claim 60p a mile for 10000 miles followed by 25p a mile thereafter, but you can claim nothing else ie car tax ,serviceing, insurance. I came in at the end of the article on radio 2 and am not sure if this applies to me, i am a sole trader, my vehicle is on purchase lease…
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Inheritance Tax/ Property Question
Hi Wondering if anyone can provide some advice on a complicated IHT concept? My husband's parents have a large house with a a few acres of land. They are considering turning the attic into a separate dwelling with access rights through the rest of the house in an attempt to devalue the house to lower IHT and allow the…
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Pl how much tax should I pay?
I received a letter from the tax office this morning regarding a new tax code. My NHS penison is 15k a year and after personal allowance and state pension, I have a tax free of £1131 making my code to be 113L. I have been to the tax website and I should get approx more than 1k+ a month, is this correct? At the moment, I am…
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Have you been wrongly charged £100 for a 'late' tax return?
This thread is to discuss the following news story: Government mistakenly hits “thousands” of taxpayers with £100 fines
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can someone check my maths on my tax please
I am trying to decide if its a good financial move to get money released frm some share options I have. I have to pay tax and national insurance on them. I am currently paying too much tax - at the higher rate, but the Inland revenue are looking into that. The problem is I want to make sure that getting the cash from the…
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Childcare and Tax
I have a question regarding childcare and tax. I am self employed working from home with a small child. My husband earns around £25k and although the profit on my business was only £18 in the last tax year it was decided that our combined income means that although we qualify for Child Tax Credits (a measly £50 per month)…
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When do I have to pay by?
Probably a very easy question.... I am SE and employed, it's my 3rd year doing both. In 06/07 and 07/08 I made a small loss and by doing my SA got a tax rebate. Just tallying up my figures for 08/09 and I look to have a made a nice profit :j :j . My tax free allowance is taken up in my employment so I know I will have to…
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Taxable vouchers?
Hi all, Ok I have posted this question on a couple of threads, however, I haven't got a straight answer yet. PLease can anyone help me, Are vouchers earned from survey sites taxable? e.g love2shop, boots, lucheon vouchers etc? I would be soo greatful if anyone could give me a straight answer or any help. Many thanks.
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How does this years Capital Allowance work for Self Employed?
Lets say you earn £10,000 and have £5,000 worth of purchases (under capital allowance), and £2000 capital allowance follow over from last year (2008). Can you now choose from <100% what you put down? So if personal allowance is £6035, use £3965 of the £7000, so you don't pay any tax. And have £3035 of capital allowance…
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Self Assesment late fine - query
Arg! I used to be self employed so I had to do self assessment, but for the past 3 years I have been just working. anyhoo, the last self assessment I did I received a letter saying thank you and that they'd assessed me and decided I wouldn’t need to do them any more (stupidly I don't think I kept that - or if I did its…
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When do I pay any Tax I owe?
Since April 2008 I have been a pensioner. I receive £512 every 4 weeks so this gives me an income of £6656. Obviously this takes me over the £6035? allowance for this year. Can anyone tell me when/how I pay the tax owed to the Taxman. Sally
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Tax enquiry
I am a partly retired london taxi driver and have been for the past 30 years. I returned my self assessment as usual but have had a letter back stating their intention to enquire into my expenses part of my tax return. I have the following expenses: £19230 for motor expenses, £13205 of which is taxi hire and I have all the…
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company cars
:confused: can anyone help, want to give company car back, does employer have right to refuse it back
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Minimizing tax on income from sale of equipment...
Hi, I'm a freelance, self-employed musician. I've just sold (after 12 months of trying) a double bass for £5200. My intention is to save this, with the eventual goal of using it as part of a deposit for a house or buying another instrument. This represents a large sum to my so I'm - unsurprisingly - keen to minimize any…
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Council Tax Benefit+Inheritance
Hi folks Can any one help? I have been receiving council tax benefit as hubby and I are on very small income i.e. no NI or tax. However, I have received an inheritance which now puts us above "the savings" limit. I have informed the Council and they now seem to be suggesting that I am in arrears! The inheritance is…
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relaiming tax from a few years back
I'm looking for some advice on claiming a tax repayment for the 2005-06 and 2006-07 tax years. I worked a summer job both years (while I was a student) and didn't earn above my tax free allowance. Can I still claim the tax back? I also have lost my P45s from both jobs (oops!), how do I go about claiming? I had a look at…
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Tax & Survey Sites
Hello, Am quite confused and wonder if anyone knows. 1. Do I have to pay tax on my earnings from doing on-line surveys? (Sites like YouGov for eg.) 2. Do I have to pay tax on money from cash back sites? (Eg. Rpoints, Greasypalm) 3. Some of these sites like Mutualpoints for eg, combine surveys and cash-back. So do I have to…
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Do less people in a house make a difference to C Tax?
Been reading all this stuff about re banding Ctax. I've lived in the same house for 16 years and I think (cos living with parents) it's been the same band D for this time. Checked all my direct neighbours and they are all band C (except for one cos we both have exactly same size house), and all other houses near us are…
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Council Tax for Tenants
Hi, New to the forum so apologies if I have misplaced this thread. I wanted some opinions on my situation regarding council tax in my rented house. I live in Ealing in London in a shared house (4 people in total). When I looked on www.voa.gov.uk it had a split of properties in my road, some paying band G and some band F.…