CGT on joint property - how to record on Self Assessment
Hi there Apologies if this question has been asked before, I have searched the forums and cannot find anything similar. My husband and I bought a property in joint names, refurbished it then sold it...
View ArticleDeveloper pulling a fast one?
Hi everyone, My girlfriend and I have just bought a new build from a developer which is not yet complete. He has given us a £5200 contribution to a kitchen of our choice, if the kitchen we choose comes...
View ArticleBenefit In Kind Tax Query
Hi There Im really hoping that someone can help guide me through the below scenario as Im totally confused and just want to ensure the correct tax is being applied / recieved Will detail a bit of...
View Article'Married couple £1000 tax break' being reported before 2015
So then - what are the details? Is it 'nailed on' this will happen? What does it mean in real terms for all permutations of married tax payers? Will it be automatic? Am I too keen?!
View ArticleError with tax between hmrc and employer
Hi all, il try to provide as much info first of all as I can. Basically im a train driver and started with a new company on 8th july this year. Now six of us started and ive realised that ive been...
View ArticleCIS Payments
Hi Can any one tell me the formular for working out gross pay.ie Pay is 600 less 20% tax which makes it £480.But as I only have the net payments amount on my bank statments I need to work out what the...
View Articleunderpayment of tax
I have a problem with HMRC trying to reclaim £2700 in underpaid tax for years 10/11, 11/12 and 12/13. I retired 5 years ago and was in receipt of two pensions after 18 months I felt as though I was not...
View ArticlePAYE - Self Assessment States I owe
Hi, I normally pay my tax via PAYE. Due to the changes in Child Benefit I now have to do a self assessment. I know that my pension contributions bring me below the threshold above which one has to pay...
View ArticleReducing Inheritance Tax Liability
Hey, I saw this video which I thought could be interesting for a few people. Inheritance tax seems to be a big issue at the moment so it's definitely worth seeing if you can reduce your liability....
View ArticleUrgh, late filing penalty
Hi all, I have been thinking about going self-employed for a while, back last year I was reading about self assessment etc on the HMRC website and I signed up just to see what I'd have to do, however I...
View ArticleTax on personal loan if buying shares in a company
Hi, A friend of mine was offered the opportunity to buy into his company but apparently to do so he's struck up an arrangement with the owner of the company whereby he loans my friend the money to buy...
View ArticleSelf employed - how much tax to put away
Hi I have just taken a self employed job working 20 - 40+ hrs per week, working from home ( websites etc ) and wondered how much to put away for Tax and NI each month, is it roughly 25% or 20%? Do you...
View ArticleRegistered as self-employed...
I had a great idea to make loads and loads of money from a mobile application and went ahead and registered myself as self-employed as I didn't want to get into trouble. I figured as I'll just be...
View ArticleValuing the contents of a flat
I've just made an offer on a flat including its contents (i.e. furniture, white goods etc). Does anyone have advice on how to value the contents? A professional valuer quoted several hundred pounds so...
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Council tax bill not making sense to me.
New to this so hoping someone can spell it out for me. I got in touch with the local council via email, explaining we had recently taken ownership of our house, however we hadn't yet moved in due to...
View Articleself assessment - should husband/wife have same amount billed?
Hi All, My husband and I became landlords in the tax year 12/13 and I am (finally!) finalising the online self assessments for this. As we own the property jointly, I know that we split the...
View ArticlePAYE legislation doesn't exist?
Can someone tell me anything about PAYE legislation? Which year did it pass? I would like to read what it says on there. This guy says extraction of PAYE/income tax is a fraud and therefore people are...
View ArticleIncome Tax Evasion query
I am curious as to the practical implications of completing HMRC's tax evasion form. I am considering grassing someone up. I know this doesn't sound very gracious, but I'm thinking about doing this for...
View ArticleShops accepting Euros
If a shop in the UK accepts euros cash for payment, how is their profit and tax worked out? Supposing they take euro coins at a rate of 1.50 per £, ie. if they would sell something for £2 they would...
View ArticleConfused with VAT
Hello, I'll be brief. I earn money online through being an affiliate for amazon and earn money through adsense. My question is how can i register and pay VAT if i cant actually charge VAT? For example...
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