New job - 6 month contract - umbrella company
I've recently managed to secure a new job in the shape of a 6 month contract. My daily rate will be £275. I estimate I will spend around £180 per week on food and travel. I've been asked to look at an...
View ArticleTax code, rental income and tax relief on pension contributions
Hello, Could anyone kindly clarify for me ? Tax year 2013/14 I made a gross lump sum contribution of more than 100% of my earnings into my NHS pension which resulted in my personal tax code being...
View ArticleCapital Gains Tax on property
I purchased a flat in August 2002 and lived in it for three years. I have let it out ever since. I am now looking to sell it. I would be very grateful for any advice on my Capital Gains Tax liability...
View ArticleDo I Need To Declare This?
Was chatting at work today with my colleagues about household finances. I explained that our mortgage and household bills come out of my account. My wife is responsible for the food and household...
View ArticleSecond car for business
Looking for anyone with any advice I'm looking at buying a new (second hand car) as we need 7 seats My current car is a "banger" which however drives very well and reliable, shopping around the most...
View ArticleTax Advice and where to start for self employed 2nd job
Hey All So confused, any advice appreciated. Currently work full time as an I.T and pay tax and NI(well it comes off my wage) but recently been offered extra work at the weekend as rolling contract....
View ArticlePut property into Trust for Children, avoid IHT?
My father is considering putting the family home into Trust for his 3 children, as a method of avoiding IHT. The house is worth £800k. Both he and my Mum want to live there for the foreseeable future...
View Articleself assessment when income ceases
Hi I would be really grateful of any help. We have received rental income for the last few years from a commercial property. We have just made a payment on account in January of 2000 and a further one...
View ArticleTax question
Hello everyone I'm hoping someone with a bit of knowledge can help me out with a tax question..... My yearly salary is £30750 and I get a yearly car allowence of £7200, I pay 22% tax on this plus NI ....
View ArticleDo I need to pay TAX ?
Dear Sir / Madam I would like to explain my situation; Personal information -I am non citizen and non resident in UK -I am Turkish citizen who lives in Turkey since 2012 -I lived in UK between 2007 -...
View ArticleTaxation fom UK migrants
The UK government can reduce taxes on its citizens by using the money brought in my migrants and visitors to defray the tax costs
View ArticleDeductions For Using Private Car
I've started doing a few hours of tutoring every week, to get a bit extra cash to pay to the mortgage. I'm using my own car to get to different houses, probably a total of about 60 miles or so. I'm...
View ArticleSalary and dividend tax rate
Hi My partner started limited company last month. He will be paying him self around £600 a month salary. My question is what would be tax rate on dividends lets say he will take 30000 a year in...
View ArticlePaying wife as sole trader
Hi, I work full time and my wife is a full time mum. My salary is around 40k. 6 months ago I got the opportunity to work 5 months worth of overtime and so my gross salary will have exceeded £60k This...
View ArticleCapital Gains Tax query
Hi In June 2005 My ex bought a council flat he had been living in since 1995, it took a long time to go through as there were a few hiccups, but he then moved in with me in August of the same year and...
View ArticleMoney incoming from outside country
Hi All I am wondering where I stand. While working full time a few years back in the Cayman Islands, I paid into a pension scheme (you had to pay in, and your employee pays in the same). Obviously the...
View ArticleWork Clothing Tax Allowance
Just been talking to someone in the pub who told me that if you wear a uniform to work you are entitled to a tax rebate of around £12 per year or more. Worth a letter to HMRC asking for the rebate -...
View ArticleHMRC keep emergency taxing me
Hi there, over 2 years ago, I changed business units within the same company but had to exit one payroll and join a new one. In that process, HMRC seemed to emergency tax me, I investigated it and they...
View ArticleMileage allowance relief for PAYE
This is a query about mileage allowance relief for PAYE taxpayers. I apologise if I'm being stupid and the answer is obvious: I've spent most of today trying to work out the answer and haven't got...
View ArticleP87 - How far back can I claim
Hi I thought you could still claim back P87 for up to 6 years? Tax office has just refused my 08/09 form. Which means I significantly overpaid tax for that year on P11d. The overpaid tax would have...
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