United Kingdom

Any book-keeper out there? When calculating the fuel allowance for profit and loss at HMCE rates, as an expense for business self employed person. What would be the the double entry in the accounts?

2007-07-25 23:10:54 · 2 answers · asked by A G 2

Question : Vendor Gifted Deposit Transfer Figure?
Question Details: If buying a property for £100,000 -to include a 10% vendor gifted deposit (so borrowing 90,000), what is the transfer figure for exchange of contracts?

My solicitor says 100,000 for tax and land registry purposes

Sellers solicitors says it has to be the net figure... I understand this to be incorrect as the property is valued at 100k with the mortgage lender, and they are lending 90% loan to value, so it will go through as being sold for 100k with land registry..

the sellers solicitors seems to think this is wrong..not sure if they are just suspecting mortgage fraud due to the size of "deposit"... one of her points being her clients liability for capital gains...well to my knowledge you pay capital gains on profit, not on gross income, the 10% seller gifted deposit can be put down as an expense against the figure of 100,000

Can anyone shed any light on the matter please?

2007-07-25 22:06:37 · 0 answers · asked by Anonymous

Hello Everyone

I would like to know what is Tax Code 522L W1 means? I phoned the tax office they said W1 meaning is the Week 1 but I just got my payslip for July 07 and still produce with 522L W1. Please help. Thank you.

2007-07-25 19:53:44 · 1 answers · asked by noorlailaibrahimfindlay 1

I am selling my second property which has been rented in the past but with the money i get from that sale i wanted to use to buy another house.Do i still have to pay 40% on that sale even though i would be buying another house with that money or is there any way that capital gains profit could be transferred to next house so i did not have to pay that 40% now

2007-07-25 06:54:57 · 4 answers · asked by sammyj 1

2007-07-25 05:48:41 · 1 answers · asked by Steve Yahoo 1

how fof back in years can the I.R.S.go back to get back taxes

2007-07-24 14:56:04 · 9 answers · asked by Anonymous

2007-07-24 10:16:21 · 4 answers · asked by Anonymous

I've just started doing some freelance work for a company and am not sure how much to save for my tax bill. I will probably earn around £1,500 a month before tax. This is my only job. I heard somewhere that I should save around 28%, does this sound about right? Better to be safer than have to fork out a wad at the end of the tax year!

2007-07-24 09:25:48 · 4 answers · asked by Dave 1

If it's real I won a lot of money well worth the 867.00 it would cost to get the check.

2007-07-24 07:38:35 · 10 answers · asked by Anonymous

couple of days ago, i received mail from uk national lottery that i have won 600,000 GBP.

2007-07-24 02:18:19 · 11 answers · asked by alangara g 2

Hi there

I am taking over a Limited company from my Mum and Dad. It was set up a couple of months ago only.

I want to avoid paying huge accountants fees for what I understand is a straight forward process of change. Would anyone be able to confirm that or shed light on the below:

1) Inform Companies House?
2) Inform HMRC?
3) I was also told that Share Ownership has to be transferred. Is this easy to do myself? If so how? Help!!
4) As my mum/dad didn't take any money from the business - this would not affect their tax position would it?
5) Can I leave my dad as company secretary? This won't have any tax implications would it as he is retired, and would just be a secretary in name only - nothing else/no involvement!


Is there anything else I need to consider?
Help!!

2007-07-24 00:45:37 · 3 answers · asked by Happy S 1

2007-07-23 13:29:14 · 3 answers · asked by robertherricksr 1

(Not the maximum, the standard) =D

2007-07-23 05:33:39 · 12 answers · asked by childlikeempress 4

2007-07-23 04:03:59 · 2 answers · asked by Anthony C 1

Can you also please give me the website or link where I can find this infomation

2007-07-23 00:46:31 · 6 answers · asked by Azul 3

2007-07-23 00:16:07 · 13 answers · asked by bartyontour 2

2007-07-21 06:20:22 · 4 answers · asked by reddirt09 1

i had a tax refund in 2004/2005 and the official recievers took it. what i want to know is can they take the tax refund i have been awarded for 2005/2006. we were told we were going to get this refund now the tax said they have to offer it to official recievers. even though we never put in the tax for that year until we were discharged ..... can they do this???

2007-07-21 05:55:48 · 2 answers · asked by Anonymous

the local authority as the house was in poor repair. If my brother and I sell the house now and give back some of the proceeds to our mother, will we be liable to pay CGT on the whole market value of the property or just the amount we keep after seeing our mother financial ok. None of us can afford to maintain the house. Our mother is 75, I am on a small ill health retirement pension and my brother is in the low income bracket.

2007-07-21 05:39:00 · 3 answers · asked by Anonymous

i am OLIVE P.UBALDE the owner of email here i lived in the philippines of the mindanao,age-19 and female.

2007-07-21 03:13:51 · 7 answers · asked by Olive U 1

2007-07-20 09:23:52 · 2 answers · asked by Anonymous

i am buying health club memberships for up to 50 staff & have been told i can claim up to 70% back through the taxman as a "benefit in kind". can someone tell me if this is correct and how i go about it?

2007-07-20 04:21:11 · 2 answers · asked by hanif k 1

How do I pay for 01754 830342 - thanks

2007-07-19 21:59:14 · 2 answers · asked by I BFedup 1

A few Question to be answered.
(1) I live outside of the EU but I pay taxes on my pensions I receive in the UK. I have not received any Tax notification for last year or for this. Where or how do I apply to obtain my Tax notification ?
(2) Because I live outside the EU should I be paying Taxes at all ?
(3) Due to the law I now no longer qualify for Free National Health as I live out of the UK for longer than the permited time scale allowed. But if I still pay UK Tax , should I still be entitled to get treatment on the Naional Health if I was to fly home tomorrow ?

2007-07-19 17:42:52 · 2 answers · asked by Sinbin 3

I pay UK tax and hold a UK passport but live abroad outside of the EU. I'm not a resident in this country and only remain here as long as I qualify for a visa. I applied to open a Nationwide Flexicurrent account but they declined saying I'm not a resident of the UK. So they say I have to open a International account, which I do not want. My country of abode doesn't see me as a resident. My country of origin doesn't see me as a resident. So therefore where legally do I reside ?
By the way the reason why I want a Flexi account is because I can use the Debit Card to withdraw money here without suffering any add on penalties. Where as transfering money via banks does.

2007-07-19 17:22:06 · 4 answers · asked by Sinbin 3

if the amount is over 300.000 but it is being shared out????

2007-07-19 06:06:35 · 6 answers · asked by rose m 2

Okay so im doing research on banding cell phones. Well that effact tax payers?

2007-07-18 14:54:40 · 1 answers · asked by *05* 1

Help! I don't know much about this.
At the moment I am working 16 hours a week, I get paid cash and don't have tax or anything taken out of my wages as I am on a low income. I know if you are on benefits you get contributions paid for you, if not it comes out of your wages. I am claiming a rate of working/child tax credits, should anyone be paying contributions for me or would it be up to me to contribute myself? If it is up to me to pay, do you think I should? I will be changing careers and working full time once my son is at school so will a couple of years without really matter as soon it will only be 30 years of contributions to qualify for a full state pension?

2007-07-18 11:32:26 · 6 answers · asked by laura231004 3

i met a street artist in LA i think it was and he was earning equivalent to about £100 a day cash in hand jsut from drawing. would this guy have to pay tax on this or would no one have a clue he was earning so much. just wondered

2007-07-18 07:57:44 · 8 answers · asked by uuhyufcrersx 2

but its for this year.why if i have until31.03.08 to pay for it have i received this summons?

2007-07-17 19:50:59 · 11 answers · asked by Anonymous