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Cutting Tax | Forum profile
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Forum profile page for Cutting Tax on http://www.moneysavingexpert.com.
This report page is the aggregated overview from a single forum: Cutting Tax, located on the Message Board at http://www.moneysavingexpert.com.
This forum profile page summarizes the general forum statistics such as: Users Activity, Forum Activity, and Top Authors, which are reported in either a table or graph below for a given reporting time period.
Additional forum profile information for "Cutting Tax" on the Message Board at http://www.moneysavingexpert.com is also shown in the following ways:
1) Latest Active Threads
2) Hot Threads for Last Week
Warning: These statistics are generated using 'best efforts' and can experience delays and reporting errors at times. Please note that such statistics do not constitute a forum's popularity and/or exact posting volumes at any given reporting period.
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Posting activity on Cutting Tax:
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3 Months
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Threads:
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131
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471
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1,298
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Post:
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442
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1,459
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4,084
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Cutting Tax Posting activity graph:
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Top authors during last week:
user's latest post:
How much power does the tax man...
Published (2009-11-14 21:18:00)
It would be a very desperate tax person who was relying on adjustments for cleaning products!
user's latest post:
Nurses registration
Published (2009-11-14 22:26:00)
Quote: Originally Posted by fengirl . The lady barrister case concerned the purchase of black clothing for wear in court. She argued that, as a blonde, she would never normally wear black clothing and so the purchase of such items was wholly, etc. As an employee this was not allowed, although she may have got away with it as a self employed person. I used to deal with a well known TV personality who successfully claimed for his...
user's latest post:
Sunday Solution /...
Published (2009-11-12 13:22:00)
Dont think Chris Collins and Andrew McIntyre work there any more. They were just contractors. So was Derek Taylor and a few others. Claire Palmer was one of the few permanent people there, not sure if she is still there, since there is now no communication at all. About 2 or 3 weeks ago when I was still in contact with them, I was told they are laying off perm staff and getting rid of the contractors one by one. I think they might only be...
user's latest post:
How much power does the tax man...
Published (2009-11-13 23:11:00)
There are a few reasons why you may be chosen for an enquiry but the main one is that the Revenues computer believes there is a high risk that you are not declaring the correct profit ie your gross profit rate may be lower than the national average for your industry. It may be that you just get asked a specific question about this anomaly which, if answerd satisfactorally, will be the end of the matter. However, in a lot of cases you will not...
user's latest post:
Nurses registration
Published (2009-11-13 22:24:00)
Nurses can claim for under the flat rate allowance scheme for specialist tools and clothing. This is available at the same rate regardless of the actual expenditure. In most cases for a nurse this could be a uniform however it could just as easily be for something else that they have to maintain, even if this cost is insignificant. If you've got to justify it though saying you're a nurse and you wear a uniform is an easy win. The...
user's latest post:
self assessment tax payments
Published (2009-11-14 13:35:00)
and the other 50% at the end of July!? The brain dead computer system is trying to get "July's" payment on account out of me for the late "Mr Dog", who died more than a year ago. Warning me about the interest being racked up.
user's latest post:
Working part of the tax year and...
Published (2009-11-13 15:50:00)
Quote: Originally Posted by Valli ................Also you do not really want to start your new job on a BR tax code if it can be avoided... Totally agree everyone should avoid this (unless of course it is the correct code for you). The best way to avoid a BR code, if you do not have a P45, is to fill in a P46 as soon as you start, then provided you can mark either option A or B (which should be everyone who does not have another job or...
user's latest post:
VOA want to visit...
Published (2009-11-13 16:32:00)
When VOA tells you, please let us know what the band increase is.
user's latest post:
Tax Code "BR" - To Be...
Published (2009-11-11 11:18:00)
The other issue is how long it takes your employer to action the tax code once he receives it. Some have a cut off date for payroll well in advance of payday so if you are unlucky it could be a month later than you are hoping
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Latest active threads on Cutting Tax::
Started 6 hours, 4 minutes ago (2009-11-16 12:18:00)
by dzug1
It's NOT just a change of name, it's a change of ownership. You cannot change the deeds - your father has to do that. (OK you can do the work but he's the one who will have to sign). Costs will be on the Land Registry web site - not that much IIRC. Well under £100.
What it comes to is a gift from your father to his granddaughter:
its value will be a gift for IHT purposes, with tax (...
Started 6 days ago (2009-11-10 17:57:00)
by lincroft1710
In order to see exactly what has happened they need to at least take external measurements and an internal inspection may be helpful/necessary. VOA do have rights of inspection and have made millions of such visits over the years.
It is very, very rare that a taxpayer completely refuses to co-operate and if this happens VOA will estimate what new band should be. Then if taxpayer appeals and...
Started 7 hours, 10 minutes ago (2009-11-16 11:12:00)
by Pennywise
Assuming the businesses are operated as sole traders or partnerships (not limited companies), then what you draw out is completely irrelevant for tax purposes. Your taxable profits are taxable income less tax-allowable expenses. Private monies introduced and drawings are neither so are completely ignored in your self assessment tax return.
Started 1 day ago (2009-11-15 17:32:00)
by PlutoinCapricorn
If you file online, then you have until 31st January 2011 to complete the return for FY 2009/10, but it is best to get it over with as soon as possible I think. It is possible there is an earlier deadline if you want HMRC to collect tax owed via your PAYE code.
If you post a return, the deadline is 31st October 2009. Again, you can send the return much earlier than that it you want to.
Started 3 days, 5 hours ago (2009-11-13 12:45:00)
by tim69er
No the mileage allowance is only for personal car for business use. As it is a rate that was agreed many moons ago for wear and tear of the car/insurance/deprecation etc plus fuel.
therefore you can only claim mileage for the period 06/04 - 09/09
Started 4 days, 21 hours ago (2009-11-11 21:05:00)
by TM1976
There are quite a few things nurses can claim for, she can't claim the amount but she can claim the tax back on it.
There is a guide on all of this here : http://www.expensestaxrebate.co.uk/d...efundGuide. pdf
Started 23 hours, 36 minutes ago (2009-11-15 18:46:00)
by Rolo Tomasi
Provided you use the computer just for your business then its likely that the cost can be used to reduce you profits. You claim capital allowances on 'assets' of a business and the basic rule is you can offset 100% of the first £50k spent each year.
Started 1 day, 19 hours ago (2009-11-14 22:24:00)
by purpletopaz
HI,
It should ahve a tick box somewhere normally on the front asking if you want to apply for council tax benefit, and also a tick box for housing benefit,
( leave this blank )
If applying for council tax benefit then you should ignore all the questions which relate to HB, As you want to claim for Council tax benefit they would only be inetrested in who lives in the household and the ...
Started 1 week, 1 day ago (2009-11-07 23:27:00)
by jimmo
I am afraid you come unstuck on both points.
Rent a Room
This really only applies if you share your home with someone who pays you rent.
http://www. hmrc.gov.uk/manuals/pimmanual/pim4001.h tm
As you moved out before the tenant moved in there is no way that rent a room can apply.
Bearing in mind that any mortgage interest you paid during the period of rental will be an allowable ...
Started 1 day, 23 hours ago (2009-11-14 19:11:00)
by alwaysonthego
Board Guide Comment
Congratulations on the new job!
I am going to move this to the relevant board so you get better response.
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Hot threads for last week on Cutting Tax::
Started 5 months, 4 weeks ago (2009-05-21 11:37:00)
by redarko
Sunday Solution / Bradbury&Co.
They were my accountants and they've retained a lot of money from my salary to pay HMR&C but they haven't paid them yet. I'm being charged for this and Bradbury are making interest themselves.
These two companies have the same director.
The problem is that they haven't paid yet any tax for the period ...
Started 6 days ago (2009-11-10 17:57:00)
by lincroft1710
In order to see exactly what has happened they need to at least take external measurements and an internal inspection may be helpful/necessary. VOA do have rights of inspection and have made millions of such visits over the years.
It is very, very rare that a taxpayer completely refuses to co-operate and if this happens VOA will estimate what new band should be. Then if taxpayer appeals and...
Started 5 days, 2 hours ago (2009-11-11 15:50:00)
by nomoneytoday
I would employ a decent Accountant - they will be able to advise with the up to date information and ensure you get all the expenses etc sorted fully
Started 4 days, 21 hours ago (2009-11-11 21:05:00)
by TM1976
There are quite a few things nurses can claim for, she can't claim the amount but she can claim the tax back on it.
There is a guide on all of this here : http://www.expensestaxrebate.co.uk/d...efundGuide. pdf
Started 6 days, 19 hours ago (2009-11-09 22:44:00)
by dzug1
If nothing else, the default situation can be achieved more quickly and easily if there is a will saying it than leaving some poor soul to sort out the intestacy.
And your request to / expectation of your parents to give some to your siblings is totally unenforceable. You really need to think more carefully what you actually want and put that in a will
Started 1 week ago (2009-11-09 16:08:00)
by Rolo Tomasi
Your income will reduce by £3240 (12000 miles at 20ppm tax relief at 40% on £2100) however you will be using you own car less so, theortically your fuel bills, repairs, depreciation etc will all fall.
You need to work out how much your car costs to run to see if you are better off.
You should note that a pool car cannot go home with you - it has to be parked at your companies premises ...
Started 3 days, 6 hours ago (2009-11-13 11:46:00)
by Pennywise
There are two main areas - one is where you're simply getting things wrong, i.e. claiming too much VAT by mistake, wrongly thinking some of your sales are VAT free, thinking a worker isn't an employee when they are, claiming what you think are valid expenses which arguably aren't etc. All that kind of thing is basically just a matter of differing opinions.
The area I assume you are meaning ...
Started 1 week ago (2009-11-08 21:33:00)
by welshmoneylover
hmm, I'm interested to know this too as I've been responsible for washing my works uniform for the last 4+ years!
Started 6 days, 18 hours ago (2009-11-10 00:05:00)
by chrisbur
Quote:
Originally Posted by StudentOfBusiness
I am now working for Currys, I used to work at a coffee store (no names). I left the coffee store and never recieved a P45.
I am now at Currys and have been since August, but I am on tax code "BR" and am being taxed, its quite a bit out of my monthly wage as I am a student and all the ...
Started 3 days, 4 hours ago (2009-11-13 13:28:00)
by Valli
the simple answer to this is to add up all your earnings (to date and projected)
subtract, from that total your tax allowance (£6475 ?)
any left over is the amount you will pay tax on.
But for practical purposes if your tax allowance is £6475 that equates to £539 per calendar month (assuming paid monthly) so you will pay tax on any amount over that at a rate of 20%
Any over payment ...
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