As a low earning Self Employed new dad am I elegible for NI credits?
I suspect the answer is no, but I'm confused by what I've read so far. I am a self employed new dad, earning very little (less than 1K per year). I am at home with my wife looking after our young baby....
View ArticleCharged interest on 2013-14 tax year?
I've just done my online tax return now, and I see they've added on 2 chunks of interest eg "Accruing late payment interest for first payment on account due 31 Jan 2014" Why is this? When submitting my...
View Articleneed help regarding self assessment question
Hello, I have been registered as self employed between 1 December 2014 and today 16 January 2015. Today I send a form to HMRC telling them I ceased being self employed. I have not made any money nor...
View ArticleSelf assessment + tax already paid back query
I am doing my self assessment and I wondered if someone knew the following answer - I worked for an employer who took tax and NI out of my pay packet, then has sent me pay slips for some of the tax, so...
View ArticlePAYE and Working From Home
Hi, I've been wandering around online, but can't find a simple answer. I currently pay tax by PAYE. I am home based - this is an integral part of the post. I know I can claim back some tax for the...
View ArticleSelf assessment - balancing payment lower than payment on account question
Hello, I have just submitted my online SA form and I'm a bit confused about how much I have to pay because the online statement doesn't count payments on account. I usually just subtract that amount...
View Article* HMRC scraps mandatory self assessment for all???? *
I've just received a message from HMRC that it no longer wishes me to file a Self Assessment return each year. Instead, HMRC will let me know if it thinks such filing is necessary (or if I believe my...
View ArticleWorking from home - unsure about deductions re rent
Hi guys First time doing self assesment and struggling on one key issue Situatuation - I'm SE (for tax purposes) and work from home full time. We live in a 2 bed house and 1 of the bedrooms is...
View ArticleCGT on gifted house
Hi I would really appreciate help with this. About 20yrs ago my Mum put a house in my name that was hers but my Gran lived in rent free. My Mum died about 10yrs ago and my Gran died 2yrs ago, the house...
View ArticleNEST pension contributions - show on tax return?
This question might be considered more appropriate under pensions, but since it's tax related, I hope you don't mind me asking here. I just need some clarity here. I am employed and fall into the 40%...
View ArticleSelf-assessment - expenses as single figure
Apologies in advance for asking a really basic question I'm just doing my self-assessment form online, and I'm sure in the past I've been given the option to just enter my expenses as a single figure...
View ArticleSelf Assessment Registration Deactivated!
Just gone to submit an SA return to discover that while my Government Gateway access is still in tact, my registration for Self Assessment has gone! Thankfully I (just about) still have time to request...
View ArticleInheritance Tax: Repaying debts back into an estate
Hi there, Question about repaying debts back into an estate. My father lent me around £60k to help with a house purchase in 2010. This was an interest free loan so Income Tax was not applicable....
View ArticleCGT On EMI Share Option Plan?
Hi everyone, I was part of an EMI Share Option Plan at the company I work for. In the tax year 2013/14 the company was sold. My total modelled value was just over the CG limit for individuals for...
View ArticleSelf Employed Avoiding Higher Rate Tax
I'm self employed and realised I'm going to go over £41,866 profit quite soon with still around a quarter of the tax year left. My past two months have seen my profits double and I've already booked...
View ArticleState pension this year
Good morning and thanks to anyone that can help here. I am 64 (65 in August 2015) I am self employed but earn very little ... (tax year 'til Apr 2014 about £2K) and have some personal pension income...
View ArticleIR Per Diem Allowanes
I sold main UK house to move to Portugal in 2005 and purchased main residence there. Was asked to do freelance work periodically in UK. When mother died in 2010 used inheritance to invest in apartment...
View ArticleClaiming back overseas withholding tax in Japan
Im having some problems reclaiming the amount of tax that Ive paid in Japan for 2013/2014. !In previous years Ive reclaimed the amount by offsetting it against my UK tax. !However, this year I dont...
View ArticleSelf Assessment + Small inheritance
I usually submit my SA online but I am worried that I will not be able to this year because I inherited a lump sum of cash. I have begun to fill in my SA but I can't see where I should declare it, if I...
View ArticleEU citizen bringing savings to UK, will I pay tax?
Hello, I am new to this forum so I hope I have the right area. I am an EU citizen who will be moving to the UK to start work. I want to bring some savings with me. I want to know if I will be taxed on...
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