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Company Car Tax Help Please :)
Hi i have just started a new job with a company car and £34k a year and for the first year a guarenteed 10% of salary bonus for the first year making it £37400 firstly does this put me in the 40% tax bracket even so i'm aware i only get taxed 40% on the amount over the cutoff but when calculating the company car tax for a…
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Student getting taxed :'(
Hello, i was wondering if anyone could help! I'm 18 and doing A-levels but i'm getting taxed on the code BR 1 for my Saturday job!! Last year i was working in woolies as an xmas temp but i then found a permanent sat job so decided to take that instead....so i had 2 jobs for 2 weeks working for 16 hours p/w so i was earning…
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Company Cars for a complete beginner!
When it comes to the 'am I better off with option a or option b?' question, and the facets of the question are so very numerous, it is easy for some of us not in the accountancy business to start getting very confused! I have just started a new job. I travel 500 miles a week to and from work. The average work mileage will…
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Iht
My father recently died leaving his share of my parents house to my sister and I (although my mother has the benefit of the house until she dies) and the residue of his estate to us as well. This took IHT to just over the 300000 limit. We are going to complete a deed of variation giving our mother some of the monetary…
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How long do I wait for a tax refund?
I sent off my R40 over 4 weeks ago, and I have had no acknowledgement from the tax office. How long should I wait before ringing them up to check if they have received it? Geoff
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Council refuse to cut my council tax - pls help!
Wandering if anyone can help me sort out this issue? I'm married and live in a property solely owned by myself (so only I pay the mortgage etc). I've also always solely paid the council tax for the both of us as my husband has been unemployed. Due to not being able to find a job locally for 18months, my husband has…
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IHT on Property
Hi My Mother owns our house worth approx £400000 and would like to leve this to us 3 kids. Whats the best way to do this so as to avoid IHT? She will obviously be living there too. Help please?
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Tax for 0ver 75
Can anyone tell me what the tax allowances would be for my parents. One is 82 and one 75. I have looked everywhere to see what income they are allowed but am confused by the married persons tax allowance. With their pension and interest they are worried they might have to pay tax
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just a quick question
hi,if in the future my parents were to help me out by sending me 500 a month towards cost of living would i have to pay tax or could they send 200 to me 100 to each child bank account? thanks in advance for any advice
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seamans tax living in france
I currently qualify for 100% tax rebate under the UK seamans tax scheme, I live in the UK but am considering becoming a french resident, any idea how the system works if I live in France? Can't find info on this anywhere pls help.
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carrying over property loss on self assessment form
I have searched for an answer to this but not found one yet, so would be very grateful if anyone can answer my quick query. Here goes: I have almost finished my self assessment tax return, but am puzzled about the 'calculating your taxable profit or loss' section in the Property section. I have entered my buy-to-let loss…
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corp tax refunds?
Hi all, wondre if anyone knows about corporation tax? A friend has been told 7 months ago he was due a refund but nit heard anymore. di they send a cheque out or is your next year bill recalculated. Thanks in advance K
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Capital gains tax on houses and the law?
can somebody confirm the law on captial gains tax to do with buying and selling houses. i thought the law was that you can only sell your own house (main residence) and not pay capital gains tax on it. i thought that if you owned your own house and bought another one to renovate and sell it then you would be liable for cgt…
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company car or PCP?
I currently have a company car and a fuel card that pays for my business and private mileage, however I have to submit my private mileage each month and through my expenses and am charged for all private miles My total annual mileage is approx 30,000 miles, I would say 14,000 of that is private miles I'm not sure what I…
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Advice on here
Martin, I suggest that a mandatory disclaimer is offered for signatures similar to other advisors on here to protect you and the board, I have registered purely to add a second viewpoint on some areas of "advice" given here that could potentially lead to PI claims if they were giving this advice professionally. I don't…
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tax refund for tools
Hi, I am a mechanic in full time employment and i have just recieved a leaflet from a company called refunds direct. They claim they can get a refund for the tools i have to buy to do my job, approx £3500 worth. They charge 30% +vat, is there any way i can do this myself and have it all?
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Know any good accounting services for Ltd accounts?
Do you know of any good small accountants who can handle Limited Company accounts based in Essex? I
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Help on the " R58 " form
Hey. I'm currently filling out a " R85 " form, so I do not get taxed on my savings, but I'm stuck :o The bit where you enter the accounts details, well I have 3 saving accounts with Barclays, and there is only space too put one sort code, and two accounts? do i have to fill out a form for each account? :o CONFUSED!
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reducing tax liability on severence pay
Hi, hope someone can help me with this problem. i will be due severence pay of approx £100,000 payable in may next year. i have 8 weeks holidays stacked up which i will take immediatly before my severence is paid to me. i own a property in italy. will it reduce my tax payable if in march i move to italy and set up perm…
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Should my wife open savings accounts to save tax for the family?
Hi, My wife is a full-time housewife and I am a 40% tax payer. Should I transfer all our savings accounts from my name into hers? Also are we allowed to claim any tax back that she is charged for savings? Also on my savings accounts what % tax should i be charged and should i be paying a further amount as I am a high rate…