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Where Taxpayers and Advisers Meet

Search found 215 matches

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by AmanSood
Wed Jan 23, 2019 1:29 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Refund of Class 2 NIC that was paid VOLUNTARILY is being refused
Replies: 1
Views: 801

Re: Refund of Class 2 NIC that was paid VOLUNTARILY is being refused

Hi Unfortunately it looks like Class 2 voluntary contributions are non-refundable. link below to HMRC's website and you will see their comments under the "Detail" column. https://www.gov.uk/government/publications/national-insurance-application-for-a-refund-of-class-2-national-insurance-contribution...
by AmanSood
Wed Jan 23, 2019 12:15 pm
Forum: Income Tax
Topic: Pension contribution and tax bracket
Replies: 4
Views: 253

Re: Pension contribution and tax bracket

provided you can get confirmation that the pension scheme is approved from a UK perspective then the contributions would qualify for tax relief. Yes there would be a cap on your contributions which would qualify for tax relief depending on your total income in the tax year. Depending on the amounts ...
by AmanSood
Wed Jan 23, 2019 12:13 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Redundancy: now or in the next FY?
Replies: 2
Views: 806

Re: Redundancy: now or in the next FY?

from the figures provided, it doesn't look like there will be any monetary difference in taking the redundancy now or next year. it would be worth however getting an advisor to do some scenario tax calculations to confirm this particularly given the potential tax at stake..
by AmanSood
Wed Jan 23, 2019 11:39 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: EU national leaving UK and NICs
Replies: 2
Views: 770

Re: EU national leaving UK and NICs

Sounds like your client doesn't have any continuing employment/self employed in the UK so there's no proof required from HMRC that the UK NI contributions have ceased. And agree with your client the CA3837 form is not relevant to her.
by AmanSood
Wed Jan 23, 2019 11:36 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Salary Sacrifice v AE Minimum contribution changes
Replies: 1
Views: 557

Re: Salary Sacrifice v AE Minimum contribution changes

Are you looking to do this for yourself or for staff? if for yourself, if preferred you can simply choose to opt out of auto enrolment and complete the opt out form. For staff it gets more tricky as the right paperwork needs to be in place to ensure full compliance.
by AmanSood
Wed Jan 23, 2019 11:34 am
Forum: Income Tax
Topic: Ireland Emergency Tax
Replies: 2
Views: 165

Re: Ireland Emergency Tax

try completing this form P50 and submitting it to the revenue office. they should then be able to deal with your refund.

https://www.revenue.ie/en/jobs-and-pensions/documents/form-p50.pdf
by AmanSood
Wed Jan 23, 2019 11:31 am
Forum: Income Tax
Topic: Pension contribution and tax bracket
Replies: 4
Views: 253

Re: Pension contribution and tax bracket

yes you can subject to the qualifying conditions for the pension scheme being met.
by AmanSood
Mon Jan 21, 2019 12:49 pm
Forum: International Tax
Topic: Foreign Tax Credit Relief - India interest income on savings
Replies: 2
Views: 538

Re: Foreign Tax Credit Relief - India interest income on savings

You would only be able to claim back the foreign tax credit on the 15% and not the 30%.
by AmanSood
Mon Jan 21, 2019 12:47 pm
Forum: Income Tax
Topic: Can Self Employed pay themselves an income?
Replies: 5
Views: 401

Re: Can Self Employed pay themselves an income?

Yes that would in effect be the case and this income would need to be declared on your self assessment tax reteurn.
by AmanSood
Mon Jan 21, 2019 12:46 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Employee Expenses, Non Reimbursed Relocation
Replies: 3
Views: 517

Re: Employee Expenses, Non Reimbursed Relocation

Employee took up new job out of area (80 miles round trip per day) as Employer could not get anyone else as qualified, due to location (rural area) Employee rented house for 6 months (temp 6 month lease) and put own (mortgaged) house up for sale. Employer not reimbursed relocation/rent costs, which...

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