24 Apr 2016

HMRC chasing employer for tax allegedly owed from 2010-11

A question about : HMRC 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 Ј4000 (including interest) for underpaid tax and NI from 2010-11. The second was dated two days after I spoke to them, and said that we hadn't been in contact, so I can only assume that the computer which sends those letters out doesn't talk to the smoke signals used to record phone conversations.

20 Apr 2016

Gifts of Money

A question about : Gifts of Money

Hello,

Can anyone clear up a simple (I hope) question?

What if any money am I allowed to receive without it being subject to a self-assessment tax liability?

There have been many articles and forum discussions on gifting money in relation to family inheritance tax - but this isn't anything to do with that. Thanks.

20 Apr 2016

Self employed Payment of account

A question about : Self employed Payment of account

Hi guys not sure if this is the right section or not but

im self employed and this payment on account i cant seem to get my head around

I have payed it for last tax year but can i simply just say i dont want to pay it ? as i feel like instead of me saving the usual 40% i have to save closer to 70% to cover this overpayment for january and july

So what ways can i avoid paying this ? just the payment on account

Any ideas and thoughts welcome thanks guys

20 Apr 2016

Will I need to pay tax on property?

A question about : Will I need to pay tax on property?

Please excuse my naivity. I haven't looked into this much yet.

I jointly own a property that was our main home. We couldn't sell it so have rented it out and are renting another property. We are considering buying another property so I am just wondering if I sell my original property will tax be due on the excess from the sale?

23 Apr 2016

Filing US tax return

A question about : Filing US tax return

My wife has been working in the US on an O1 visa since last June and needs to file a tax return. I think she will need an accountant who deals with ex-pats as she still earns some income from her consulting business in the UK, which she pays tax on in the UK and would need to avoid paying tax in the US on this as none of the work is invoiced through or carried out in the US.

Does anyone have any experience of this and have some pointers as to what she should do/watch out for?

Thanks.

24 Apr 2016

Tax refund on agency payments

A question about : Tax refund on agency payments

My son started work for an agency without an initial tax code for the first three weeks and had tax taken from his pay in this period.

He then got the correct 1000L code from a P45 and tax was no longer deducted.

He will not earn the tax free limit this financial year 14/15.

He is paid weekly by the agency and I expected the initial tax paid to be refunded through the agency pay system but this is not the case so far.

Does he have to claim the tax paid through his agency or through HMRC, please?

24 Apr 2016

Tax rebate on car payments over allowance?

A question about : Tax rebate on car payments over allowance?

Hi,

I currently have a company car which costs more per month than the allowance my company provides. Am I eligible for a tax rebate on the extra that I contribute?

Thanks.

21 Apr 2016

childcare vouchers help needed salary explained

A question about : childcare vouchers help needed salary explained

I am just querying the childcare vouchers and if they are ofbenefit to me.

I currently earn Ј18,500 which Ј1,257 per month after taxand pay my childcare provider 300 a month in childcare fees.

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