United Kingdom

I am an approved driving instructor and to enable me to qualify for this profession I had to spend a large sum of money on training & numerous tests. Once qualified I start my business on a self employed basis. I have been told (hearsay) that due to the fact that the training took place before I started the business I may not be able to claim it againt the accounts. Is this correct & if so is there anyway around this? If possible, can I claim 100% back or just a part of the capital? I personaly feel that as the training was wholly to enable me to start the business in the first place I should be able to claim all or at least a percentage of the money I paid out initially! Can anyone please shed any light on this subject or offer any advice? I would really appreciate any help with this dillema, thank you :-)

2007-01-24 05:20:24 · 2 answers · asked by kingjeeka 1

If your on a wage of say 16000 (permanent, working 5 days a week, on PAYE where your employer sorts out tax, etc) and then you do a one off job that pays about 1500 in your spare time, what do you do about tax? Is it a second job? What percentage do you have to give in tax?

2007-01-24 04:37:00 · 5 answers · asked by jarf 2

Do I have to claim it for 2006 or 07? Please no guesses. Doesn't everyone have to fill out W2? I called and the University said they don't "do that sort of thing".

2007-01-24 04:21:29 · 4 answers · asked by Mawm 5

2007-01-24 03:17:24 · 5 answers · asked by darren l 1

2007-01-23 20:03:05 · 13 answers · asked by Anonymous

Hi everyone, got a slight problem here. My parents currently own an estate worth in excess of £750,000 - the problem is is that if I inherit it all - I have to give the tax man £300,000 (due to the 40% rate). This means that I would have to sell on of the properties in the estate. Does anyone know a simple way to get around this?

Regards,
AJ.

2007-01-23 11:44:41 · 1 answers · asked by jobo 2

I have been working in the UK for a company for 2 Months and have recently quit. My contract does not state that my anual leave requires a probationary period. Am I still entilteled to recieve my 3.2 days pay based on earning 1.6 days a month?

2007-01-23 11:13:45 · 8 answers · asked by Jenny M 1

I'm self-employed in the UK - first tax bill due at the end of this month. What happens if you can't pay it all? Do you get fined, or do you only pay interest on what you owe? I'm only a couple of hundred quid short, so I might just take it out of my savings, but I'm curious as to what happens.

2007-01-23 08:02:10 · 6 answers · asked by thevinternet 2

If I invest thru online brokers like Etrade, and I make a good profit, do I have to pay taxes even if I am not a UK resident?

2007-01-23 07:01:26 · 1 answers · asked by John 1

I paid for online advertising at scoot.co.uk on October 2006. Since I have not been satisfied with my purchase, I requested a cancellation and a refund, which they have refused, since it is part of their terms and conditions, allegedly, something which surprisingly they had not mentioned when they sold the product. I have not received a copy of these terms and conditions either.

Anything I can do?

2007-01-23 03:27:57 · 2 answers · asked by sirinae 2

2007-01-22 17:17:30 · 1 answers · asked by Bianca H 2

I moved with my husband who is in the military. Right now I am working full time. And during the fall 2007 semester I will start going to college full time. My parents don't know that I am married (I know, I know-don't judge me), and I don't want them to find out for a while. What do I need to do tax-wise to keep them from finding out this year? And is there any other way for them to find out?

2007-01-22 03:35:53 · 8 answers · asked by funnybunny 1

2007-01-22 02:55:28 · 1 answers · asked by SUZANNE B 1

I know its 17.5% do you divide that into 80, I am confused.

2007-01-21 23:52:22 · 14 answers · asked by Silent_Hunter 2

My partner stopped claiming the above benefits 1.5 years ago.

HMRC are now asking her to repay £2,450 because she failed to return an application form (they say).

Has anyone else had a similar thing happen?
She was entitled to the money and surely the payers have a duty to chase these forms as a % will always get lost in the post?

Any tips / help appreciated.

BTW we are both full time, hard-working taxpayers, not scroungers!!

2007-01-21 23:36:10 · 5 answers · asked by Great Eskape 5

Is it the first £4200 that is tax-free?

2007-01-21 21:44:14 · 6 answers · asked by martina_ie 3

2007-01-21 09:42:39 · 2 answers · asked by jules jewels 2

2007-01-21 05:00:15 · 2 answers · asked by jmtobart 1

2007-01-21 05:00:12 · 3 answers · asked by Meirion D 1

I want to order some fishing gear (waders and fishing vest from USA and posted to UK. Can anyone tell me how much import duty or custom tax I have to pay. The total cost is 140 US Dollars so approx £70.

2007-01-21 04:16:24 · 1 answers · asked by Chiclad 2

I am employed full time, and I would expect that my tax is paid by my employer.
Should I investigate that matter?

2007-01-20 10:26:23 · 4 answers · asked by Ir o 1

student nurse getting emergency taxed

2007-01-20 02:36:57 · 10 answers · asked by handsonhips101 4

2007-01-20 02:35:47 · 3 answers · asked by Anonymous

i am currently training to become an electrician ,i am legally allowed to carry out certain work now i am competent in these areas .i wish to become self employed ,i will get a van on lease,i will still have to pay for my courses also ,can i get tax relief on these things???? whilst starting off in business ,would the tax man understand i am not yet fully qualified and the money will not be a lot ,for the first few years ??? totally stuck please help

2007-01-20 01:34:23 · 6 answers · asked by shoopy213@yahoo.co.uk 2

2007-01-20 01:29:08 · 5 answers · asked by Anonymous

I was paid in cash not via bank. Handwritten brown envelopes showed tax and NI deductions. I cannot find any of the envelopes so have no proof that as far as I was aware it was being paid. Inland Revenue want me to pay £1,500 AGAIN!!! Have contract of employment but unable to trace employer!!! Informed Inland Revenue of employment in all tax returns so it is obvious that I was not trying to evade tax and am now aware I was working for cowboy. Do I really have to pay again? HELP

2007-01-20 00:01:50 · 4 answers · asked by bannersrus2000 1

2007-01-19 23:35:20 · 6 answers · asked by Anonymous

2007-01-19 11:46:19 · 4 answers · asked by bannersrus2000 1

I was given a sum of shares for the company I work for 3 years ago and I am allowed to exercise these shares as of 22nd Jan. I have checked and the shares are approved by inland revenue, (which seems to imply that I don't pay income tax on them) but I've heard I may have to pay capital gains tax on these? Am I free to get all the share money or does a certain tax apply?..

2007-01-19 09:04:40 · 10 answers · asked by Anonymous

I received email that I am the winner but I have never brought any
ticket, is it true or they are cheating people. Thank you for the
response. Cheers

2007-01-19 08:13:50 · 5 answers · asked by Anonymous