-
Any Self employed benefits ?
Does anyone know if there are any (new) benefits I can take advantage. I am a contractor in the IT world, so invoice for my work and add VAT, which goes into the LTD company account. I then pay myself a salary of £450 pcm, and a dividend every 3 months or so. I claim the usual 40p a mile, mobile phone, IT equipment,…
-
Different income tax figures on new P45
My partner lost his job in July 2008. He got his P45 which showed he had earnt £6450.24 and paid £955.20 in tax. As he signed on for Contributions Based Job Seekers Allowance he handed in the relevant parts of his P45 to the job centre. On 20th January his JSA stopped as he had been unemployed for 6 months and becuase i…
-
uk non resident tax rebate
hey guys I have worked in uk for under six months i am now non resident in the uk can i claim the tax i paid back
-
Spanish Tax on Property!
Hi to everyone and apologies if this question is in the wrong section! My husband and I sold a property in Spain a few years ago and paid 35% tax on the capital gain. We have now been told that because the Spanish only pay 15% on property we may be able to get a refund! A Spanish solicitor was recommended in the Daily Mail…
-
Tax implications and ways around on house rental
Hi all Have a few questions to ask about renting out my house. We plan to buy a new house and rent out the house we currently live in, both will have mortgages on them, all mortgages solely in my husbands name* The taxman has told me that as mortgage is in husbands name only, it is not a joint tax implication, only…
-
Tax position while working in Spain
I currently work for an IT company here in the UK. I would like to move to Spain. If my company let me still work for them while I live in Spain (via the internet) what is the income tax situation. ie - Do I pay the tax for the UK Do I pay the tax for Spain Or do I have to pay both?
-
tax allowance on Savings
Hi, I have recently retired and am wondering how I claim my tax allowance on savings, I know I can advise my bank and they will deduct the tax at source but what about a savings bond I have had for 2 years with a large amount of money in (which I was advised at the time of taking out it wasn't suitable for non tax payers…
-
Tax Rebate and Maternity Leave
I took maternity leave from my work in june 2008. Between the beginning of the tax year and starting on maternity leave I paid about £1000 tax. Will i be eligible for a rebate or is maternity pay classed as taxable? Thanks Sorry about the confusing user name I am a woman!
-
Where do I pay Tax???
Hi My husband has just been offered a job abroad. We currently live in the uk but will need to relocate to the isle of man. This will be our main residence. However my husband works for a UK company but will actually be working in France. So where does he pay tax? Isle of Man, France or the UK? tHANKS
-
Flexible Trusts & Income Tax
I have just become a trustee of a flexible trust where the beneficiaries are my three young children Does anyone know how these are treated re income tax, I have looked at the IR Web Site and although there are sections on trusts there is nothing specific about Flexible Trusts. What I would really like to know is if we…
-
Inheritance Trust Fund
Can anyone out there answer a general question with regard to an inheritance fund? If such a fund should be set up with a Bank as the Trustees, is there a limit LEGALLY on the time the Bank has to INFORM a Beneficiary that such a Trust has been set up?[or can the Bank simply with hold this kind of information indefinately?]
-
Norwegian income tax rates anyone know them?
Husband works offshore in Norway and has been offered a Norwegian contract where he will be paid in NOK and pay Norwegian tax. Can anyone tell me what the personal allowances and tax rates are in Norway. Would he still have to pay NI in the UK? Thank you.
-
Cash Advance and VAT
Hi, I run a small business from home and have taken on a new assignment where there is likely to be some expenditure by me up-front. To counter this I have agreed an advance payment from the client on expenses to be incurred. I am VAT registered and will be charging VAT on my fee when the job is complete. Should I charge…
-
Capital Allowance on new van
Hi, I run a small business and claim the standard 40p per mile against my tax bill rather than separate running costs for my van. I am about to purchase a new van and was wondering if I can claim capital allowance for the van as well as the standard 40p per mile, or whether I am only allowed to use the standard rate OR the…
-
Tax on rental income
Hello, Me and my partner are in a situation where we're going to need to rent our current property out for approx 2 years. We're not 'buy-to-let' investors & I know they're not to popular around here! She is a non-tax payer. I am a higher rate tax payer. Would we be better off remortgaging (we're going to do this anyway as…
-
Council Tax reduction on second home
I've just discovered that there is a council tax reduction on a second home and am wondering if I can claim for the past, or at all. This is what it says on my council's website: BUT: there are axceptions. and: I am wondering about that clause "by reason of your employment". This is the situation: I am a German citizen…
-
online accountants
Does anyone know whether there are any on line accountants, whereby you enter details of your income and expenditure on their website, and that produces a set of accounts, and a prepared tax return. The only online accountancy services are where you send everything off to them and they do it for you. Thanks for any info. PB
-
Making use of partners tax free allowance
Other half is self employed as a sole trader, i don't work at home with children, however i do all the paperwork for the business, someone said that he could pay me a wage as the first 5k/6k? isn't taxable. Would i need to pay national insurance? do we need to let the tax office know? would i need to do an annual tax…
-
Tax and Ni for a full time job?
I left my part time job end of January 2009 (£4k per annum) to take up a full tiem job starting February 2nd 2009 earning around £18k. When I handed over my P45 I was led to believe my first wage packet would be a "good" one....do I get taxed differently having been under the threshold for a year or so? And will my first…
-
Tax on Gifts Following Death
My father recently died and as he didn't have a will my mother inherited his estate. The value of the estate is below the current Inheritence Tax threshold and there is no property involved. My mother now wishes to give a share of the inheritence to myself and my siblings. This share is likely to be around the £20,000…