In a muddle with NIC 2s
I have been self employed since Jan 2005 and it was my sole source of income until June 2010, when I went back to employed work. In march 2011 I decided to stop the self-employment, rang HMRC for...
View Articlecouncil tax yearly?
can I change from yearly to more frequently? I have only just finished paying off 2013 council tax with loads of extra late charges on top. Dreading next April when the entire previous years bill just...
View ArticleTax on Company Car?
Hi All, I am due to get my first company car in the next few weeks and I am finding it very difficult to work out how much I will have to pay every month, I have tried calculators on the web but I know...
View ArticleTax on transferring investments by relative?
Hello I am new to the UK came here this year to study here from the EU (Hungary). My grandmother who is also a Hungarian resident owns something like below 100k pounds in shares at a UK investment...
View ArticleNew to Self Employed Putting Expenses Through
Hi I will be self employed from 1st Nov... in the mean time i am purchasing a few things in preparation eg a day diary, some stationary etc. This is obviously coming out of personal purse. Am i able to...
View ArticleClaiming tax back after working abroad
I worked abroad from 26th April in Abu Dhabi and I am due to fly home at the end of the month. I am seconded through a UK company so my wages are paid in the UK so I have been paying tax and...
View ArticleTaxes to be paid on inheritance query
A friend of ours and her sister have been leaf a property when their father died last December, they are just completing on the sale of the property which has been sold for £380,000, there was also a...
View ArticleAm I paying too much tax
Hi I'm sure I'm paying too much tax, I get a pension of £9255.00 per year and a salary of £16271 per year, I pay 20% on the pension! and they say I have my tax allowance on my wage is this the best...
View ArticleCGT on sale of a rented property
Hi, Looking for some guideance on selling a property thats been rented, I can't seem to find online a clear and easy way to calculate what tax I can expect to pay. I bought a property in 2002, and...
View ArticleTransferring home ownership.
Hi Would be very grateful for some advice, or reassurance I am doing the right thing: - I work full time and wife is housewife and does not work. - I bought a BTL property several years ago just in my...
View ArticleOwning 2 homes for 4 years. CGT and PPR Query.
I own a house near London and can retire in 4 years. I have seen a doer upper house in the countryside I can afford and wish to use as a weekend home until I retire at which point I would like to sell...
View ArticleSelf Employed Mileage Advice
Hi My friends wife started self employment October 2013 and registered with HMRC. She has asked me to complete her end of year return. She works as a horse rider taking out horses for the owner of the...
View ArticleSelf-Employed but due to get Earnings via PAYE
Hi, Can anyone advise please? I have been registered as self employed for a couple of years and pay Class 2 NICs. One job where I've been doing some add-hoc work has offered me a part-time job where...
View ArticleCrazy Tax System
I have been sent a tax return I am on PAYE and have no other income. I have a £220,000 mortgage for my house, which I purchased last year. I pay 3% per annum in interest I deliberately kept back...
View ArticleAny accountant here willing to help me with my new job tax?
Anyone here like to play with numbers? I am having a headache. I have received my 1st payslip and I can't make sense of it all. Just looking for some help and suggestions so I have an idea of what to...
View Articlesetting up a Ltd company to save on tax
I'm currently operating as a sole trader, the accounts for this year are likely to look like this: (based on doubling the first 6 months) Gross income £79,000 Running costs £36,000 Gross profit £43,000...
View ArticleSA Online Questions
Waiting for an activation code, but can anyone answer these questions in advance: Will I have access to submit returns for older tax years (specifically 2011/2012)? Will I be blocked from submitting a...
View Articletax return with no P45 or P60
I am at the last section of my self employed tax return and Im not sure what to do. I worked Apr and May in full time employment before leaving to be self employed. I moved away, gave the company my...
View ArticleR40 question
As a non-taxpayer, I try to register all my bank accounts for gross interest, but occasionally one slips through the net, and there are some which cannot be registered (Halifax Rewards). Most can be...
View ArticleTax on Cash Back?
I have a Santander 123 Account. Obviously I have to pay tax, through my SA tax return, on the interest I get on my current account balance. But what about the "cash back" I get on some purchases. Do I...
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