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Where Taxpayers and Advisers Meet

Search found 215 matches

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by AmanSood
Fri Feb 03, 2017 10:40 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Am I paying the correct amount of tax?
Replies: 4
Views: 977

Re: Am I paying the correct amount of tax?

Think the % you are quoting are the effective tax rates after factoring in the personal allowance so you should be ok.
by AmanSood
Fri Feb 03, 2017 10:38 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Working in Spain but selling US shares to UK
Replies: 4
Views: 1208

Re: Working in Spain but selling US shares to UK

Actually I think the spain capital gains tax rates are worse than the UK!! 10%/20% UK vs 19%/21% Spain depending on the level of your gain. Definitely worth seeking advice before selling your shares particularly if you plan to return to the UK.
by AmanSood
Fri Feb 03, 2017 10:28 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Am I paying the correct amount of tax?
Replies: 4
Views: 977

Re: Am I paying the correct amount of tax?

sounds about right as you are getting the full tax free personal allowance and assuming this is your only job. In September, you would have noticed your net pay increase slightly as a result of your personal allowance changing but based on the facts don't see why you would have underpaid tax.
by AmanSood
Fri Feb 03, 2017 10:26 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Cis invoicing?????
Replies: 1
Views: 549

Re: Cis invoicing?????

sure. if you are happy for the 20% to be deducted from the full invoice and it won't cause any cash flow issues.
by AmanSood
Mon Jan 30, 2017 9:59 pm
Forum: International Tax
Topic: Resident or non resident in UK..
Replies: 1
Views: 503

Re: Resident or non resident in UK..

less than 16 days in the UK in 2015/16 to be non-resident as you have been resident in one of the previous 3 tax years.
by AmanSood
Mon Jan 30, 2017 9:56 pm
Forum: Income Tax
Topic: Moving from UK to UAE - tax treatment of deferred compensation
Replies: 1
Views: 1117

Re: Moving from UK to UAE - tax treatment of deferred compensation

Hi UK_expat The deferred compensation will be sourced between the grant to vest period and split between the UK and Dubai. Only the % falling within the UK should be taxed and subject to NIC via the payroll. If the full amount is taxed and subject to NIC then you would be able to claim back the tax ...
by AmanSood
Mon Jan 30, 2017 11:11 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Self assessment form and excess pension contributions
Replies: 3
Views: 1084

Re: Self assessment form and excess pension contributions

did you have any pension contributions in the prior years? if not, you maybe carrying forward the unused allowance of £40k from the prior years in which case you may get lucky and have no additional tax to pay on the pension contributions.
by AmanSood
Mon Jan 30, 2017 11:09 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Auto-enrolment - unclaimed higher rate relief for prior years
Replies: 1
Views: 774

Re: Auto-enrolment - unclaimed higher rate relief for prior years

I would recommend filing the tax returns for the relevant tax years to claim back the higher rate tax on the pension contributions. From experience, submitting letters is time consuming and letters may get lost in post, not reach the right HMRC officer etc.
by AmanSood
Mon Jan 30, 2017 11:07 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Working in Spain but selling US shares to UK
Replies: 4
Views: 1208

Re: Working in Spain but selling US shares to UK

Hi Orias, starting point is your country of tax residence as they will normally have taxing rights so it's likely that Spain would want to tax the disposal of shares and any gains arising as a result even if not brought into spain/paid into a UK bank account.

Aman
by AmanSood
Mon Jan 30, 2017 9:31 am
Forum: Income Tax
Topic: SA109 and treaty residence
Replies: 1
Views: 868

Re: SA109 and treaty residence

Hi Louie, you should NOT mark box 1 of SA109 as you were Resident for the full 2015/16 tax year under UK tax legislation.

Aman

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