Self Employed expenses - car etc
Hello, I wonder if one of you kind people can answer some fairly basic questions for me...I know the answers will be out there but wonder if I can't see the wood for the trees at the moment. My long...
View ArticleVery confused by VAT
Hi, I'm the director of a Limited Company that's been trading since October. We're not currently VAT registered but we should reach the threshold by the end of Feb so we'll have to register soon. At...
View Article0T tax code really confused
Hello guys, Today at work been told by the admin that my tax code is odd, it's 0T. Been working for the company close to 2 years now and before I was self-employed. When I goggled it all I got was:...
View ArticleCouple of iheritance tax questions - Life insurance
Morning Everyone I'll spare the details, just got a few quick questions - 1. Life insurance paying out early - if somebody had an estate just under the NRB and then had a life insurance policy for 60k...
View ArticleBIK Tax Confusion - Salary Sacrifice Car
Afternoon all, I've recently taken delivery of a lease car through gross salary sacrifice. When I made the order for the car I was a basic rate taxpayer, so my calculations of what the lease will cost...
View ArticleClearing Up Tax Issues
Hi All Firstly this is not a tax cutting issue as such but I thought this was the most appropriate place for it but if not please feel free to suggest where I should put it. In short I had an...
View ArticleHMRC removed "Tax deducted" after revising
Hello all! Submitted self-assessment at the end of December, HMRC confirmed all was good, and this morning postman brings a letter dated 28th Jan, saying that they revised my tax return, and I had to...
View ArticleHMRC chasing employer for tax allegedly owed from 2010-11
We've had two letters from HMRC debt management section stating that we owe them over £4000 (including interest) for underpaid tax and NI from 2010-11. The second was dated two days after I spoke to...
View ArticleComing back from overseas
Hi there, I hope someone can help. I am coming back from living overseas in May. I will have been resident outside of the UK for a full calendar year, from May 20th 2014. I filled in a P85 when I left...
View Article0T tax code for 2015-2016 but not a new worker
I'm waiting to hear back from my employer but would appreciate any advice in the meantime. I received a PAYE coding notice from HMRC this morning that my new tax code for 2015-2016 will be 0T with a...
View ArticleGood Speedy Service From HMRC
I thought I would counter all the negatives with a "good customer service" post. I received my P2 for 15-16 in the post this morning. They had split my code across my 2 income sources but the split did...
View ArticleHow many years accounts to keep
Hi guys I used to think I had to keep 7 years accounts and have. However, I have just read it's only. 22 months so the 2013-2014 I have just submitted needs keeping until January 2016. Is this true. If...
View ArticleCompany Car Tax
I'm coming to the end of a company car cycle, and so its time to start looking again at the cash vs car debate. The allowance is circa £5,500, which doesn't seem enough to do much with at first glance....
View ArticleEmployer deducted wages but hasn't paid tax
I just got a phone call from my boyfriend telling me that the employer he has been working for for the last 3 months has been deducting tax from his wages but not paying it to HMRC. They haven't even...
View ArticleWhen will I pay tax on shares?
Hi all, It's been a while since last posted, but, here goes. I have cashed some employer shares in in January which obviously will show on 2014/2015 P60. Now to spread the tax burden, I am going to...
View ArticleCan I avoid Capital Gains Tax
As part of my Father’s estate, is a property, which in-turn I will inherit. However, my father is willing to gift me this property for half of its value £200k (worth £400k) early, essentially giving me...
View ArticleAdvice needed on property ownership
Hi, Im wondering if anyone can help please. Approx 15 years ago my parents were struggling with their mortgage/finances so one of us bought the house and took out a mortgage, this was for about £15K....
View ArticleGift & Loan Repayment - Foreign Income? Tax?
Hi there, I am French and have been living in the UK for 9 years (I assume I am a non domiciled UK resident as my father was born in France?). I lent money to my brother a couple of years ago. My...
View ArticleIncome tax and NI contributions from second job
I work in a private hospital as doctor with annual gross salary of £70000. I am also planning to do a second job (weekend/evening) which my current employer has got no objection to. I understand that...
View ArticleHMRC withdraw my appeal
Don't' know if anybody can help me. Months ago, I sent in an appeal against the tax office recouping money from me as I felt that it wasn't my fault that the underpayment occurred. I received a letter...
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