HMRC say I owe them, do I?
I was self-employed 10 years ago and had a small cleaning business and it ran for about 11 months. I had to close it down due to strain it caused on me and my son and finding out my son has a...
View ArticleCharged Tax for a Charity Items.... ?
Hi i'm not sure what to do - i donated money to of two charity's below National Breast Cancer Foundation - nationalbreastcancer.org American Cancer Society - cancer.org Keep a Child Alive -...
View ArticleA couple of questions on tax return - allowable expenses on rental property
Hi I can't find the answer on here anywhere so thought I'd ask you all for your advice (having failed to get through to the HMRC help line). I am completing my self assessment form for 2011-2012,...
View ArticleHmrc
i did my tax on line last jan and this month they have sent me an email to say they owe me money wanting address and bank details it is not in the spam how can i tell it is genuine thanks
View ArticleSetting up asset protection from Divorce & minimising tax liability
Hi, First of all, I hope this thread is being made in the right section - it largely relates to seeking advice / suggestions for the best way to protect assets from primarily a) divorce AND secondarily...
View ArticleCar insured through work- a taxable benefit?
Hi guys, I just bought into a business and so am a little skint, but long term its looking good! When I started, to make ends meet I took on a car the company owned. I paid about £85 per month in tax...
View ArticleIs this Tax Evasion or Tax Avoidance ?
Sorry not sure where to post this but I recently found out that a number of directors in my company have their spouses on the payroll , these are ghost employees , I know that they have never worked...
View ArticleCharity contribution question
If a small vat reg one man band company makes a charitable donation are they entitled to claim any of it or all of it back on their tax just wondering
View ArticleProperty transfer to spouse - when to calculate taxes?
Hi all, My wife and I own a property in my name only, which we have now been letting for 2 years. As I'm just reaching the 40% tax bracket, and the mortage is about to end (in May), we would like to...
View ArticleTax Refund Query
Hi all, I hope someone can help me. I have just received confirmation that since the 1st April 2012 until now I have paid too much tax and that I would receive the ful amount which I have overpaid in...
View Articletransfer of house
we own our current house and are considering buying a second house which we will move into and then rent out our current house. it would be beneficial if our current house was in my name only as i...
View ArticleGift of money from non family member - is tax to be paid
Hi Does anyone know how this would work. A gift (not a loan) of money is given from a benefactor to a recipient. Say £10k. They are not family members. The benefactor is not a UK tax payer as they pay...
View ArticleOccasional work abroad
A friend has been offered the chance of occasional work abroad - say a couple of two week periods, working as a tour guide. Payment would be in Euros at the rate of around 100 a day. Obviously what he...
View ArticleConfused with how much i'll get taxed
Hi Im a bit confused as to how much I will get taxed. I usually get £447 a month but this month I have done some overtime and will be getting £997 (roughly) and my tax code is 810L. I was wondering if...
View ArticleHow much CGT on £30K?
Have just been informed that I will be receiving around £30K on an investment based performance bonus. I have also been told that I will be liable for CGT on the entire amount. My question is, how much...
View ArticlePersonal Loan for business purposes
Hi, I am currently full time employed and pay tax via PAYE - i earn less than £30k - but this year i have started my own business which i am running part time for now. So far the income from the...
View ArticleTax Rebate
I have been approached by a company called Teacher Tax Rebate to apply for tax relief on subscriptions paid to a teaching union. Is this for real? Can I reclaim straight from HMRC and therefore not pay...
View ArticleSelf employed on-line tax return query
Bit puzzled by section on online tax return (helping daughter with hers. 2nd year of self employed trading) Under the heading Capital Account, it's asking 94. Balance at start of period 95. Net profit...
View ArticleWork out tax half way through financial year
I have recently changed jobs and in my first month since they received my p45, the tax is crazy! I am looking for some kind of tax calculator that works out the tax for part way through the year. If...
View ArticleAn account for self employed working from home ?
I am self employed working from home. I am not making a great deal of income compared to the national average but enough to live on and pay the bills. I have been advised many times that an accountant...
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