Taxing Times

sunny112

Hi I’m a student full time and I’ve had a job since feb 2005 and im still currently working their and have £2600.
I also took a summer placement that earned me £4200, ive also got a few ISA's.
And now ive got a property, that ive put for rent & is earning me around £650 a month since nov.
When should I get my tax assessment done by and what forms to I have to fill and do have to take an accountant?

I have been paying tax and NI on my wages.
Hope you can help me.

Thank you,
Happy New Year,

kateraw4

I am an actress and paid no tax on any jobs last year but NI on some of them. On my bill this year I have been charged the 8% class 4 NI even though I already paid class 1 NI on some jobs. I do not pay the class 2 stamps but maybe I should? I don't understand!

I know this is not a simple issue and quite specific to entertainers but if you have any light to shed it would be appreciated!

nige6

have property that i rent out have been doing loft conversion on it myself have my own private company the conversion work would normally cost £26000 if my property company bills me the £26000 will this help me with the capital gains tax when i sell it

dgfoord

Hi, i am an employee of the NHS paying 40% tax and receive in the region of £1,500 in travel expenses per year before tax. i do not currently complete a self-assessment tax return, is there any way that i can reclaim the tax that i pay (at 40%) on my travel expenses?

(travel expenses i am paid for by my employer include rail fairs, parking charges, mileage and passenger allowances at a rate per mile).

Your advice on this would be greatly appreciated.

ludd

I am working from home as a sole trader
I am claiming 15%of heat and light bills
What else can I claim and what percentage

Thanks
Tim

jmgood

I am renting to language students the rent is for the room with all bills & meals included. I am getting the rent a room tax relief of £4250, but I now realise by renting this way my costs for the meals are quite large, so would it be better if I just rented the room and the student bought his own food this way I would not be taxed on the food which I make no gains on?

LoupieLou_2

Hi Uncle, I always leave things to the last min, so a couple of weeks ago I thought I would put all my receipts in to some sort of order b4 sitting down and writting totals and filling in forms, after gathering all the receipts from every nook and cranny in house and car, i brought them to my sisters shop where i was helping out, i left them there and someone threw them out on dustbin day. HELP!!!!!!!!!!!!!! what do i do now?

dezo

Hi

I am on a 1 year freelance, self-employed, 5 day/week contract for a charitable organisation, for which I am paid a monthly fee. The contract is likely to be renewed again in April. I have no other work at present. I work regularly in their offices and also at home which are in different cities and so therefore incur a large amount of travel (train and/or bus or taxi) expenses between the 2. To try and lessen the amount of time I travel I now also rent a flat for a part of the week there too whilst still paying my mortgage. As i incur these extra work related expenses (and my life is so complicated) am I able to claim a proportion for any of the above? i.e.
train, bus or taxi fares
proportion of the mortgage as I have a workroom there
rent and utility bills

Thanks very much for your time

tranquility

Hi! I am employed full time, earning £23K pa, with tax and NI dealt with by the firm, but since August 2005 have been doing a little freelance work too - I expect to have earned less than £3000 from this by April. I have been keeping detailed records, but the problem is that I have no idea what or when to send to the tax people. Any help would be appreciated! Thanks!

ann_paterson

my son has been self employed now for just over a year and one week receives a demand from IR and the next is told his tax is paid up to date - when he rings them up he still gets no straight answer to his questions - being told "up to you to sort it" - can this be true?