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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Maximising annual pension allowance and carry forward
on 27/03/2024 09:32, by Jupiter01

I am trying to maximise my 60k annual allowance and carry forward for previous 3 years. I would like to pay this on 6 April 2024 as a lump sum but this needs me to estimate what my workplace pension contributions may be for this financial year. This can fluctuate ... Continue Reading

Self Employed Mileage Allowance
on 23/03/2024 15:14, by GasEngineer

Self employed plumber. I recently sold my van and am now using my private car for work. I understand that I can claim 45p per mile for eligible business journeys. But I am struggling with understanding how to claim for mileage so would appreciate some guidance. As ... Continue Reading

Main Residence Nomination
on 22/03/2024 23:57, by MrBlu3Sky

Hi, some advice on main residence nomination would be greatly appreciated. BACKGROUND 1) We purchased a second home in June 2020 and paid a 3% stamp duty premium on completion. 2} We sold our original home in February 2022 and moved into the second home for 5 ... Continue Reading

Private health insurance as benefit in kind
on 22/03/2024 14:25, by adnauseum

Wondering about the tax implications of committing to workplace private health insurance. Salary: 57,500 Monthly cost of family cover: £154.25. Employer pays £61.70 of this. [b] Therefore is it true to say that, for income tax purposes, my income is salary + ... Continue Reading

Late payment fine
on 22/03/2024 12:09, by Squibbs

Hi all. I sold a flat in Jan 2022 and paid my CG. Debited from my account in February 2022. Just received a letter saying that I owe interest of £146.59 because of late payment. The letter says, 'Date payment was made' 31st Jan 2023. I have been waiting on the ... Continue Reading

Non residents
on 19/03/2024 05:02, by kanrent

I have always done my own self assessment. Every year I have to complete a sa109 as I am non resident. I am no longer able to download and print off sa109 because HMRC has scrapped it, I used the HMRC self assessment portal but it's not on there either. HMRC ... Continue Reading

Corporation Tax - Loss Carry Back
on 18/03/2024 18:43, by PhilWarren65

Hopefully an easy question. Are there restrictions on types of expenses that result in a company loss for CT refund? Scenario: Limited company / single employee 22/23 - £120k income - £20k expenses including £12k salary - £100k profit - £19k Corp Tax 23/24 ... Continue Reading