Self Emplyed TAX Question
Hi guys, A friend of mine has been running a self employed business for a while now, not sure when she started but I would say about a year ago (maybe a bit less). She has never registered as self...
View ArticleSelf Employed, Pension and Tax Query.
Hi, I'm a little confused how pensions work in relation to tax, as I have just started a pension last tax year. My earning are through a company so I pay corp tax, then set my wage at below the...
View Articletaxation on rental property
Afternoon all! Ive skimmed the forums and found some useful stuff, but not exactly answering my query My Mrs has a property that is rented out - minimal mortgage of about £5K left IIRC.It is soley in...
View ArticleTax Code - Higher Rate
I currently earn just below the higher rate band (once the childcare vouchers are taken out). In July, I get an extra £1000 from a side job. This takes me above the band. In Sept, I get a 3k pay rise...
View ArticleChanging accounting date - help please
Normal year end for a self employed decorator = 7 September. Client now wants to run accounts to 5 April 2013, but that would exceed the maximum basis period of 18 months. Instead, could he enter year...
View ArticleAnything similar to R&D Tax Relief for small business?
Managed to get my company back a lot of money recently from HMRC using R&D Tax Relief. Is there anything similar to this or EIS that allows your company any sort of Tax Relief or lump sum paid back...
View Articlepaid tax online
Hi, I paid what was owed to the HMRC online through the self assessment portal. This was done on Sunday. It is still showing the full amount and now it is saying I owe almost £1 more. How long does it...
View ArticleWill I get a notice of what tax I paid in year 12/13 soon?
Hi folks, Just wondering if I will get a detailed notice of what tax I have paid in year 12/13 soon from HMRC? I got a notice of my tax code for year 13/14 last January but owed £780 pounds in tax from...
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Tax return 'Payment on account'
I have started my tax return for the first time ever :think: I need to add in some benefits when i get my P11D, but the summary is as follows below. I have removed the actual figures. I get that i need...
View ArticleTax underpaid in 2010? Do I have to pay
I have just phoned HMRC as they have given me a tax code of 780L when the standard code is 944L for this year. After speaking to an incredibly unhelpful person on the phone it would appear this arises...
View ArticleCompany car - not used for business - tax implications
A year or so back i got a company car from my work for my wife(i dont have one). I am now being asked if i have used it for business or not as below. What would be the implications if i did or did not...
View Articleclaiming mileage allowance
Hi. Firstly I apologise for the stupidity of my question. I have never claimed this before and have no understanding of the process. From may last year until this March I worked as a community carer...
View ArticleVAT on item from China
I recently bought a wig for my daughter (Cosplay) from what appeared to be a UK website. I was a bit taken aback that shipping was £12 but I ordered it anyway. I then started getting DHL emails and...
View ArticlePAYE confusion
I hope someone can shed some light on this as I have been on hold with HMRC for about 7 hours over three separate days. I was working as a volunteer overseas for a few years I returned to England in...
View ArticleTax free incentives and child benefit
Hi everyone, Just need a little bit of clarification. I just got a new job, woohoo! pays 57k. Start in sept. Currently on 48k. I currently claim £243 a month childcare vouchers and pay 8.4% in pension...
View ArticleHELP!! Company Car Tax
Hi, I am starting a new job on 3rd June:j and already understand that there will be tax implications :(due to a company car being part of the package. Question is this; I realise I need to now complete...
View ArticleRent plus a Job
Hi, I was until recently simply letting out my house for income and with most of the tax allowance maintenance etc I ended up paying very little tax. I have since then established my own Ltd company...
View ArticleHELP-Letter received today about VAT inspection
Help please !!!! Had a shock this morning with a letter from HMRC wanting info for VAT inspection wo see if we should be VAT registered., 2 years ago we did go over vat threshold by accident, but...
View ArticleTax return following bankruptcy
Just wondering how to complete my tax return. I am self employed and was declared bankrupt last July. I've received a tax assessment to complete and I'm not sure how to go about completing it. Do I...
View ArticleSelf-employed - claim laptop under expense?
Hi all, Here's my situation. I'm a current part-time postgraduate student, also recently registered as self-employed, as an analyst/researcher/translator. As well as studying 2 days a week, I work for...
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