• Council Tax when still living with parents.?

    I live with my mum, who is physically disabled, and I don't know, I guess I just presumed that taxes come out of my wages, and never thought about, but I've never had to pay council tax, but I know my mum pays it, I just give my mum a lump sum every month for bills. It was only when someone mentioned to me... show more
    I live with my mum, who is physically disabled, and I don't know, I guess I just presumed that taxes come out of my wages, and never thought about, but I've never had to pay council tax, but I know my mum pays it, I just give my mum a lump sum every month for bills. It was only when someone mentioned to me about applying for it when they move out of their dads, did it ever cross my mind, and the internet is a bit unclear on this. Do I need to contact someone, is this something I'll be in trouble for? Or does the fact that my mum pay it count? I can't trust my mum to tell me honestly, as she is always looking for ways to save, and if she wasn't paying me, I wouldn't know. Wish they taught taxes and things in schools, I feel clueless! Thanks,
    5 answers · 2 days ago
  • How much is shipping from Canada to the UK?

    Just roughly
    Just roughly
    6 answers · 6 days ago
  • If my grandparents have a savings account on my behalf , when they pass will it be subject to inheritance tax?

    My grandparents have a savings account on my behalf which they and I have both payed money into. When they pass will it become a part of their estate and therefore have to pay tax on it even though I too have payed money into it.
    My grandparents have a savings account on my behalf which they and I have both payed money into. When they pass will it become a part of their estate and therefore have to pay tax on it even though I too have payed money into it.
    10 answers · 1 week ago
  • My pension scheme says it will pay more if I smoke, so why give up?

    Best answer: True, but they think you won't live a long life so will pay out quicker.
    My old Mum went on till 86, woodbines kept her going.
    Best answer: True, but they think you won't live a long life so will pay out quicker.
    My old Mum went on till 86, woodbines kept her going.
    9 answers · 1 week ago
  • Chasing payments is causing me stress, what can I do? :(?

    Best answer: Get some software like quickbooks to help you figure out who owes you money by when and how much. If they want to work with you then insist on charging them a certain percentage down payment before you start the work, that isn't refundable on any circumstances. Have them sign a contract stating how much... show more
    Best answer: Get some software like quickbooks to help you figure out who owes you money by when and how much.
    If they want to work with you then insist on charging them a certain percentage down payment before you start the work, that isn't refundable on any circumstances. Have them sign a contract stating how much you're charging them and when payments are due, and what they can do if they're not satisfied with your work. If they're late with a payment (the contract should also have this in it) charge them a certain percentage for every month that they're late paying you. Call them up when their payments are due, not after they haven't payed.
    9 answers · 3 weeks ago
  • LG TV warranty and registration?

    Recently i bought a LG 55 inch UHD tv brand new from a seller in carousell. Probably he bought it and realised that its to big for his bedroom. I have the invoice and the receipt too. He has not register the warranty yet and then i took time to register online on LG website. I have received mail that my warranty is... show more
    Recently i bought a LG 55 inch UHD tv brand new from a seller in carousell. Probably he bought it and realised that its to big for his bedroom. I have the invoice and the receipt too. He has not register the warranty yet and then i took time to register online on LG website. I have received mail that my warranty is not valid coz different purchaser and different product register person. As the seller told me that u just need the receipt and invoice to show them for warranty. So now i’m not sure if the warranty for 3 years is still valid or not. So if can’t it means i can buy tv from my friends or even from my dad? What shall i do now?
    5 answers · 3 weeks ago
  • What’s happening with my pay which is withheld?

    Best answer: you get a payslip that tells you how much you got paid - how much was was deducted - why it was deducted and how much you actually gonna receive (since you are 16 its likely they aint got a tax code for you (this tells them how much you are allowed to earn before income tax is deducted) As a result they have to... show more
    Best answer: you get a payslip that tells you how much you got paid - how much was was deducted - why it was deducted and how much you actually gonna receive

    (since you are 16 its likely they aint got a tax code for you (this tells them how much you are allowed to earn before income tax is deducted) As a result they have to tax you at full rate (i.e you pay income tax on every £ you earn after deducting NI)
    Since oyu are earning 100/week = 5200/year even if you work 52 weeks, and this is far less than your tax allowance then you shouldnt be paying income tax at all

    If this is the case (check your payslip) then you will get an income tax rebate next year
    I know this is a long time from now, but taxes are on an annual basis- April - April each year - So its only next april will they be able to see how much tax in total you have paid april 2018-april 2019 to see if you have paid too much and if so how much refund you are due
    (remember- you may not stay in this job all year, you may stop working then get another job paying a different amount a couple of months later - you could do this a few times between now and 2019 - So its only then can ALL your pay and ALL the tax you have paid be added together to see if you have overpaid
    Think of it this way
    stick with the amount of money you are receiving now - BUT in mid 2019 you will get a very nice tax rebate (could be a few hundred £s - Its likely to be all the tax you pay between april 2018 and 2019)

    An IMPORTANT thing
    1) Keep all your payslips
    2) when you leave a job you will get a form showing how much you were paid in the job AND how much tax you paid
    Keep this (you may need it to claim a tax refund)
    If you get another job the new job will require this info to keep your pay/tax up to date with the tax people (HMRC) )
    4 answers · 3 weeks ago
  • When and how should I start paying income tax to HMRC for selling on ebay ?

    Hi, I have started to sell on eBay about two months ago. I have managed to make a total sales of £13.5K and total profit of £900. eBay has suggested me to become VAT registered when my total sales reach 85k in a year. I have a detailed log of all fees , transaction , sales and profit. My question is when should i... show more
    Hi, I have started to sell on eBay about two months ago. I have managed to make a total sales of £13.5K and total profit of £900. eBay has suggested me to become VAT registered when my total sales reach 85k in a year. I have a detailed log of all fees , transaction , sales and profit. My question is when should i start to pay income tax and what are the procedures to pay income tax. I have seen in a lot of forums that tax self assessment is done at the end of the year but I am quite worried that I should notify HMRC as soon as possible about my income to avoid any penalty.
    5 answers · 4 weeks ago
  • How much is this ridiculous "royal" wedding costing the taxpayer?

    Best answer: Costing the taxpayer about thirty million pounds which could be spent on our third world roads and/or the NHS.
    Best answer: Costing the taxpayer about thirty million pounds which could be spent on our third world roads and/or the NHS.
    13 answers · 1 month ago
  • When do you normally receive a pay slip?

    Hello I was wondering can you receive a pay slip after your pay? I'm getting pay this Friday and my manger told me I would receive a pay slip next week. Is this right?
    Hello I was wondering can you receive a pay slip after your pay? I'm getting pay this Friday and my manger told me I would receive a pay slip next week. Is this right?
    5 answers · 1 month ago
  • Could I be paid on a Monday?

    A new company have taken over and I started on the Tuesday after bank holiday Monday 3rd April. I have worked a week in hand and was expecting to be paid on Friday gone but no money in. My account they pay fortnightly. Could I by any chance be paid on Monday?
    A new company have taken over and I started on the Tuesday after bank holiday Monday 3rd April. I have worked a week in hand and was expecting to be paid on Friday gone but no money in. My account they pay fortnightly. Could I by any chance be paid on Monday?
    4 answers · 2 months ago
  • Mobile phone expenses as limited company director, can you help ?

    I have made a big mistake when I took out my SIM contract with plusnet for business purposes. I took the contract in my personal name and have had the contract for roughly 4 months. I understand this is wrong and is not an allowable expense as the contract should have been in the limited company's name which... show more
    I have made a big mistake when I took out my SIM contract with plusnet for business purposes. I took the contract in my personal name and have had the contract for roughly 4 months. I understand this is wrong and is not an allowable expense as the contract should have been in the limited company's name which is my mistake. I have already been expending these bills in my books as an allowable expense and have been paying directly from the company bank account. How do I rectify these mistakes, should I just pay the company back all the money it paid for the contract and just continue to pay and treat it as a personal contract as I don't really mind as the tax saved will be minor. My biggest issue is how do I rectify my books and correct this for HMRC. ( By the way, Plusnet will not switch my account to a business one and wont change the name on the invoices )
    4 answers · 3 months ago
  • Abandoned house with over 15,000k in unpaid property taxes?

    I found an abandoned house and checked the tax records it shows over $15,000 in delinquent property taxes! The owner bought it several years ago and never made one payment for the 1-2k annual payments. Is it a good idea to move in right now and start paying the taxes with a high chance of successful adverse... show more
    I found an abandoned house and checked the tax records it shows over $15,000 in delinquent property taxes! The owner bought it several years ago and never made one payment for the 1-2k annual payments. Is it a good idea to move in right now and start paying the taxes with a high chance of successful adverse possession claim?
    9 answers · 3 months ago
  • Am i personally liable for my ltd companies debt if i strike it off? PLEASE HELP!!?

    Am i personally liable for my ltd companies debt if i strike it off? PLEASE HELP!!?

    Best answer: looks like you are gonna need a lawyer and an accountant cos you could be in deep sh//t (virgin media could be the least of your problems) (1) "you" cannot write any "debt" off- you can only set company expenses against company profits 2) "it would come off my tax rather than my own... show more
    Best answer: looks like you are gonna need a lawyer and an accountant cos you could be in deep sh//t (virgin media could be the least of your problems)

    (1) "you" cannot write any "debt" off- you can only set company expenses against company profits

    2) "it would come off my tax rather than my own money"
    no it dont- it comes of the tax on the profits the company makes
    You can set company expenses against that profit to lower the taxes the "company" pays
    (those expenses include money the company pays to you for the work you did FOR the company)

    3) looks like the company aint being making any profit - so there is nothing to set those expenses against
    (my betting is- you have taken all the money paid to the company (for the work you did) as YOUR income , while ignoring expenses the company should have paid (such as virgin media))

    Your problem is - if you operate a company that continues to accumulates debt that it has no way of paying THATS fraud (by you as company director)
    (it cant pay them cos you have been taking all company income as your "pay")

    4) If you took money from the company as pay then you should have paid NI contributions and paid tax on it as an employee ,and declared this payment in the company books
    Only other way you could get the money is direct from the company AFTER the company had paid its debts (ie - the "distributions of profits of the company") THEN filled out a self assessment form declaring this as income (from company dividend) . AND paid NI as a company director
    My betting is- you aint done either of these.

    Only way you gonna find out how deep the ****, is to do what "girlie electrics" says , but my betting is - its gonna take the rest of this year to sort it out

    (you should have subscribed to "quickbooks" - For a small monthly fee they would have done ALL your bookkeeping, taxes etc for you
    As self employed it would have only cost you at most £6/month)
    5 answers · 3 months ago
  • Why does`t the American government just increase the tax on guns , and should there not be school lessons on gun safety.?

    Best answer: They have some gun safety courses in schools.
    Sometimes they don't go well. See below:
    http://time.com/5199328/seaside-high-sch...
    Arming people in schools really isn't the answer here.
    Best answer: They have some gun safety courses in schools.
    Sometimes they don't go well. See below:
    http://time.com/5199328/seaside-high-sch...
    Arming people in schools really isn't the answer here.
    9 answers · 3 months ago
  • Universal Credit and Carers Allowance?

    Universal Credit and Carers Allowance?

    Can anyone help me understand this? I've never been a carer before and the letter really confuses me, in some parts they say I won't receive back pay and other aspects say I'm due carers allowance. I got my first payment today of £62.70 rather than the £627 in arrears.
    Can anyone help me understand this? I've never been a carer before and the letter really confuses me, in some parts they say I won't receive back pay and other aspects say I'm due carers allowance. I got my first payment today of £62.70 rather than the £627 in arrears.
    3 answers · 3 months ago