1eyedjack Member Profile in The AnswerBank

Age Allowance for Income tax should apply regardless of income.

I think it is very wong that your age allowance is reduced when your income hits £24,000 in retirement. In order to thank pensioners for paying tax at 40% while they were working the Age...

neilski

What does `100% allowable against tax mean?

What does `100% allowable against tax mean? I need to know in the most simplest form what this means please. For example if am a sole trader and i lease a van worth £10,000 and the repayments...

cris r

can somebody explain this tax problem

My husband is driving me insane. He came out of work at Christmas it was a high paid job, tax was paid through the company. In addition we rent a property out for 950.00 a month. We have no morgage on...

royzart

extra income earned

Hi...i have recently earned extra income i was paid by cheque and intended to deposit this into my isa account,but how would i pay the income tax owing on it thank you...

bettypratchit

Balance sheets - need some help!!

Just a few questions about my balance sheet: How to I work out the opening balance? Is the opening capital the same as working capital? Is net profit the same as net assets? How do I work out the...

1eyedjack

3 clues, think I know the answers, but why?

10A: Article written for the Courier? (6) L?A?E? Answer may be LEADER, fits definition part "Article", but what to do withi Courier? 14A: Small budget for say, Oxford's American connection...

johnk

working after 65 and National Insurance

I retire next year and I'm hoping to carry on part time, do I still have to pay National Insurance?

1eyedjack

Two clues in The Week 758

22A: Capital: Hitlerites liberated it? Ridiculous! (8) ?T?E?I?R I can only think of STEELIER as a word to fit the options, but cannot see any relevance to the clue. 7D: Child care types - you...

itsmefolks

taxing question

I am looking for an accountant. I dont know what my turn over will be as yet however I can see I will need an accountant at some point! Anyone dealt with an online business?? I am in retail by the...

itsmefolks

VAT Question

Excuse me if this sounds a silly question but never having done this sort of thing before I havn`t a clue! I started a small retail business when I saw a gap in the market. The first week I took...

whatwhat

Tax returns

I did my tax return about a month ago, but have recently realised that I have missed out a whole chunk of payments I received straight into my bank. It amounts to about £2000. Do you think I...

denby04

Recently Self-Employed Should I Use An Accountant

My partner is now self-employed as a gardener. He has been advised to use an accountant. What are the benefits and what charges should he expect. (We live in Lancashire, not sure if this makes any...

berniecuddles

tax credit overpayments

morning all..! right just received a letter from hm revenue stating we have been overpaid on working tax credits for the sum of £1868.06 and they want this paid back by the 16/07/2011. they made...

cris r

Tax certificates

Can anyone shed any light on when banks send tax certificates out my husband seems to think we should have had them by now Thanks x

kloofnek

Self-Assessment...on account?

Why does one have to pay 6 months tax " on account" the first time one does does a self-assessment tax return....and is this just the one time.????

chowdhuryma

Is there a minimum salary before the employer has to issue a P60

I have done a part-time job last year (2 days a week) but have not received a P60 at the end of the tax year. When I enquired I was told by the employer that a P60 will not be issued as my earnings...

feebee102

Earnings & Tax credits

Hi I wondered if any one can help me. I started a job last year & told the tax credit people ( my husband & I get both working & child tax credits) of my income, and to my suprise my...

Halifaxmum

Adult apprenticeship & working tax credit...?

Hi Can you claim WTC if you are on an adult apprenticeship? The weekly pay will be £95 for a 35-40 hour week. I've looked on directgov and can't find anything - as usual, job centre staff don't...

nellypope

Income tax and tax brackets!

If I earn £22pa (20%) tax bracket, but one month I suddenly earn LOADS in overtime and bonuses and that amount is more than £3000 per month, will I pay 40% tax on that one month? In other...

puma86

tax on 2nd job????

i'm currently working 30hrs per week and want to work 8hrs extra on a saturday for another company. Will i be taxed more on the second job........i'm sure i've heard that you are/can be? or is that...

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