Self-assessment - Living outside of UK but earning from UK business
I have not been present for the whole of the 2011-12 tax year. I already submitted P109 to indicate this. I also submitted my P85 in 2007 when I first left UK. Since that time I have been classed as...
View ArticleOwe Less than £3000 Tax for 2011/2012
Hi As a 'newbie' sole trader, I made less than £3000 profit for the tax year 2011/2012. I'm just reading through HMRC correspondence and it states: 'If you owe less than £3000 tax for 2011-2012, we...
View Articleemploying family member
i am a sole trader and have been employing my son off and on for the past 3 years, giving him cash for a range of different jobs. i would like to pay him a full years pay retrospectively for last year...
View ArticleTax refund
I have a cheque for a tax refund and for various reasons have not yet banked it. Can anyone tell me how long it is valid for please...I thought 6 months but I have read it may be 3 months validity now...
View ArticleSelf Assessment, Tax Code and Refund
Hi, Basic situation; did my 2011/2012 self assessment online and it has calculated a tax refund of £62 and some pennies. My situation was that I was in full time employment with a Tax Code of 712L and...
View ArticleCompany Car
Hi after a bit of advice please. I start a new job and will be getting a company car and get a fueal card but I have 2 options regarding fuel. 1st option company will pay for business and personal and...
View ArticleHouse move - expenses
I started a small home business in 2011. In 2012 I moved house to provide more space for my business can I claim any of the costs as business expenses?
View ArticleTax question re backdated pay
I recently received a large backdated pay payment into my wages , (shown on my payslip as "pay arrears") ,this backdated pay actually dates back to April 2011 (so spans 2 tax periods), in reference to...
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Is this dodgy?????
Dear Applicant: You have received a tax refund payment of 932.25GBP from HMRC (HM Revenue & Customs) into your Internet Banking Account. Please accept the tax refund request. The money will appear...
View ArticleCarry back losses 3 years
Hi, I started my business in Jan 2012 and i'm completing my 1st tax return for 2011/12 I am showing a loss of approx £25k (used a large AIA) i am wanting to carry this loss back to 2008/09 (is this...
View ArticleOff-setting training costs?
Hello I have a quick question on off setting training costs against my tax bill if anyone can help me that would be great!.... I had a career change and re-trained to become a makeup artist in 2011, as...
View ArticleExporting for Friend
Hello, A friend abroad is buying expensive vintage items off auction sites like Ebay, but because many UK sellers don't ship abroad he has them shipped to me and I then courier to him. The amount of...
View ArticleQ about income figure when filling in Self Assessment form
I thought I'd asked this question before but I can't find it. I am retired and have State Pension, a spouse's pension from one of my late husband's employers, an annuity my husband was in receipt of...
View ArticleClass 1 National Insurance contributions on expenses
HI We have our own limited company and have had to relocate for access to contracts etc leaving out eldest son at boarding school. I note from HMRC website that if the company pays for the fees...
View ArticleCompany Car Allowance - affect on tax paid?
Hi guys, just hopefully a quick question: I have a new job offer where I can either have a company car based on £330 a month allowance from a list, or have a cash allowance of £3.5k. I have decided to...
View ArticleDo I need to complete a tax return?
For a short time I rented out my parking space. I informed the tax office. The rental only lasted a few months. Is there any allowance for additional income with tax returns? Many thanks
View ArticleSelf assenment worries
Hi I am hoping somebody can help me as I am worrying about my self assesment :( A little background. I was on benefits up until March 21st this year when I became a self employed mobile nail tech so...
View Article2 jobs tax question!
Hello everyone. I have just recently got a new job working 35+ hours a week. However my current work have asked me to keep on a couple of hours with them (literally 3 or 4 a week) which I have agreed...
View ArticleUncashed Cheques - Tax Return
HI I am planning to submit my online tax return by Jan 31st. I've got a single uncashed cheque which I received as income - it is in dollars. I might not cash this cheque until next year, due to...
View ArticleTax bandings
If basic rate tax is earnings up to £34,370 and the personal allowance is £8,105, do you pay higher rate tax on anything over £34,370, or anything over £34,370 plus £8,105 = £42,475? Sorry if this is...
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