Tax underpayment- Payrolls fault?
Hi, I hope Im posting this in the right area. In August, I recieved my Tax Calculation for 2012/13. It said that I had overpaid by nearly £900, I trusted that this was correct, took the money and went...
View ArticleProperty rental and self assessment
I wonder if someone can help me so that I get things under control as we go along... My husband inherited a house which is solely in his name and he is renting it out since late last year. He is...
View ArticleCGT: Incorporation Relief for Business Property Lettings
Hi All, Just joined because cant find enough info on this situation I have come across. Please help. Situation: Family of 4 between them own 25 properties, 8 are owned by all 4 people in the family,...
View ArticleWork Supplied Medical Benefit and Tax Code
Quick question, my work provides medical cover. I see that as a payment along with my gross salary on my pay slip. Having just completed a Self Assessment, my tax code for the year has been recreated,...
View ArticleNew Personal Allowance - why aren't I getting the difference?
Hi, I'm trying to work out how much my pay is going to increase when the new PA comes into effect in April, and my current calculations show that I'm going to get a £137 per year pay increase. I'm on...
View ArticleSA - rental income query
Just a quick query. Is it acceptable to just input total income v's total expenditure on the SA form? I note it shows categories but it gets complicated when this is for multiple properties combined....
View ArticleSA timeframes post submission?
Hello Just a quick query. I have to submit the last 2 years tax years via SA system. the earliest tax year calculator is showing i owe a small amount but the latest tax year is rightly showing that i...
View ArticleDaily Sustenance - P87
Hoping someone can help. My hubby has a job where he is out on different Jobs everyday. He is employed and has a fixed place of work which is 'the yard' but the jobs are 4/5 days not at the yard. Is he...
View Articlestarblazer
Hallo, I am new so would appreciate advice. I jointly own a flat with my wife that I rent (was left to us by my mother 10 years ago). Profit after sale would be approx £50,000 less joint allowance cgt...
View ArticleAvoiding Capital Gains Tax
Hi, I jointly own a flat(second property)which I rent. Can I add my 2x adult daughters to save on Capital Gains Tax (joint ownership of 4) for when I eventually sell the flat. After 2 x personal...
View ArticleCar Allowance or Company Car
am looking for advice please. For the past two years I have been getting a monthly car allowance of £350 which takes my salary into the 40% tax bracket. I now need to renew my own personal leased car....
View ArticleSole Trader - How Can I Reduce My Tax Liability To Below The Higher Rate...
Hi I run my own online business from home & set up as a Sole Trader. This year I am looking at profit close to £70k, which means I'm going to be hitting the 40% tax bracket for the first time. I'm...
View ArticleP87 Query
Hi folks, I have just submitted a P87 for tax year ending April 2013. I wasn't previously aware I could claim tax relief on mileage for my job so this is completely new territory for me. I have...
View ArticleCheck your tax codes!
It is becoming increasingly clear that the new HMRC nationwide payroll system for 2013-14, called Real Time Information or RTI, is pretty much in meltdown. Although I - along with many others -...
View ArticleNI contributions
I'm fully paid up with NIC's but my new employers (p/t job 2 days per week) are deducting NIC's ?? Is that correct ? Thanks
View ArticleCar Allowance or Company Car
I am looking for advice please. For the past two years I have been getting a monthly car allowance of £350 which takes my salary into the 40% tax bracket. I now need to renew my own personal leased...
View ArticleAnother "Am I am higher rate taxpayer question"
Sorry guys, tried to find the answer but I'm still confused. I need to find out whether I am a higher rate taxpayer or not. It’s important as greatly affect childcare vouchers, which we are very soon...
View ArticleSA return help
Filling in my first SA return and I knew it would cause me some issues due to circumstances but hoping for some help. Prior to 17 December 2012 I was unemployed and in receipt of jsa and housing...
View ArticleChild Benefit 50k limit
For the 50k limit to be able to claim Child Benefit, is this the total taxable income? ie if you had income of 52k and allowable deductions of 2.5k would you be below the threshold? Or is it the income...
View ArticleCutting Tax stick threads collated
To help you find the Cutting Tax threads quicker and easier we're collating our previous sticky/pinned threads into one single post. Cutting Tax board: Tax instructions - please read VISIT HERE FIRST -...
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