United Kingdom

Someone told me that some things are tax deductable 100%, but if so you would just spend money on things to the value of your tax bill so you didn't have to pay anything. Is he speaking sh*t?

2006-07-20 00:25:17 · 3 answers · asked by stuart3101 2

2006-07-19 18:28:59 · 2 answers · asked by fred f 1

Should I not party with her anymore?

2006-07-19 06:54:08 · 7 answers · asked by Anonymous

Can someone clarify for me...if I sell a small guest house I know I am liable for cap gains tax but am I able to deduct estate agents fees before my tax is assessed i.e. is it ok to use a really good and expensive estate agent because the fees are deductable anyway?

2006-07-16 23:54:09 · 4 answers · asked by Jackie 4

Ive just started a job and the annual salary is £13,500 I was wondering how much I would get after deductions such as tax and NI.

I am just paying standard NI and tax and working for a company. I am 25 years old and work 35 hours a week dont know if you need that information.

2006-07-16 10:09:59 · 4 answers · asked by atticusblack19 1

Hello!
Would love some advice form traders please. From what started out as a hobby, I am now currently trading about £7000 a month on eBay, making about £800 after fees and stuff. The problem is I not think I should register for tax but Im a little naive, but a bigger issue is VAT. All items I buy are 2nd hand and therefore pay no VAT on at purchase, but if I go full time, and get VAT registered, do I have to pay 17.5% on all sales, therefore wiping out my profit margin?

Big thanks for any advice.

Cheers

2006-07-15 09:41:42 · 4 answers · asked by Chris O 3

2006-07-15 08:29:45 · 11 answers · asked by josephjamesskill 2

If I sell my small b and b will I be liable for capital gains or corporation tax? This house is also my home so not 100% business.

2006-07-15 02:21:24 · 2 answers · asked by Jackie 4

Are VAT inspectors as bad as I hear? Are they human? Can they close down your business and seize your goods and chatels? They want to come and inspect my books.

2006-07-12 13:27:27 · 10 answers · asked by sparky 2

I applied to get child tax credit 5 weeks ago, can anyone tell me how long it usually takes till they award the claim? Thanx.

2006-07-07 22:49:15 · 7 answers · asked by Sharon 2 3

Ok, I am in the UK, I win £5million on the lottery, and want to give £1million to my parents, my bro and a friend... will they be taxed on this? I asked this already and people started talking about inheritance tax... don't know why, I have no plans to die in the next 7 years, or even 50 years! If they can be taxed, to what amount, and how do I get round it?

2006-07-07 02:55:32 · 8 answers · asked by Mustard Jones 2

2006-07-05 00:58:14 · 5 answers · asked by dogsryder 1

maximum working tax credit and child tax credit? And what is the maximum ammounts?

2006-07-04 22:34:48 · 1 answers · asked by Mr_Moonlight 4

2006-07-03 07:24:31 · 9 answers · asked by LEON D 1

i will be starting work soon and am on 120 pounds a week, does anyone know how much tax and ni i will have to pay

2006-06-29 09:58:01 · 8 answers · asked by lozzi23 1

2006-06-29 00:29:12 · 1 answers · asked by jon d 1

I am decent individual (living in the UK) and just like everybody, I am paying taxes. I believe I am paying too much of it and I would like to claim the money back because I am entitled to it. How do I go about asking for a refund from the HMRC?
I am entitled to claims like:
1. washing my uniform at home
2. paying subscription to my trade union
3. paying a monthly gift aid to a charitable association

thanx

2006-06-27 07:15:12 · 11 answers · asked by starfield 2

2006-06-27 01:18:57 · 11 answers · asked by bunnygirl 2

2006-06-26 01:02:53 · 9 answers · asked by willywinkle 1

Just got a letter from my accountant asking what percentage she should use for "personal usage add-backs". What does this mean and how do I work out the percentage she should use?

2006-06-23 02:28:49 · 3 answers · asked by Jackie 4

is a single persons working full time entitled to the 25% rebate

2006-06-22 10:49:03 · 10 answers · asked by jonibobs 2

i also get working and child tax credit. i live with my partner and our two children under the age of 16.

2006-06-22 09:41:36 · 8 answers · asked by lisa h 1

became 2nd property when I moved in with my partner

2006-06-21 04:45:25 · 10 answers · asked by Anonymous

left two months ago. whats my position.

2006-06-14 10:33:23 · 3 answers · asked by Llush 3

2006-06-12 07:08:15 · 4 answers · asked by Cala 7

2006-06-11 07:14:33 · 7 answers · asked by Mummy of 2 7

I have been offered a job of 14 hours a week at £7.80 an hour , im not sure wether im taxed after so many hours, or because of the amount i will earn.

2006-06-06 04:12:34 · 10 answers · asked by marty 2