The Tax Preparation Blog

Archive for the ‘UK taxes’ Category

Enova Systems, Inc. – Enova FY 2010 Annual Financial Report

Enova Systems, Inc. – Enova FY 2010 Annual Financial Report

Spreadbetting for Beginners UK’s No 1

Question: What is the current NI contribution for someone who is earning above the Earnings Threshold?

I recently found out from the HM Revenue and Customs website at http://www.hmrc.gov.uk/rates/it.htm that the personal allowance before tax has been increased for 2008/2009 (since the 7th September, 2008), to £6035 and Income Tax: taxable bands from £2,231-£34,600 will be at a basic rate: 20%*. I also think that there might have been some changes made to the National insurance contributions as well. Please who knows anything about the current percentage deduction for earnings more than the Earnings Threshold (ET) or on taxable income?
Thanks.

Answer: There is no change to NIC’s. The exemption limit reamins at £104 pw and then 11% thereafter.

ToLuna plc – Offer for ToLuna

ToLuna plc – Offer for ToLuna

Don’t Panic! Poverty rates increase in US!

Question: HM Inland Revenue Internet Problem?

I try to do the first step on the online Tax Return and every time it says : please amend the post code.
I used to live in the UK but now I live in France and my address which I used for another Tax Revenue a year ago is not working. even when I tried my old post-code from England it still displayed the same message. I deleted the History and the Cookies and it is still doing it. The help-line is busy and they are constantly cutting me off plus calling them is costing me a fortune. What should I do?

Answer: Change country in the address – that’s the first step – then it stops demanding a post code.

Apple Iphone 4G 32gb

Category: Gadgets & Tech User : mysimplifieds Date : Thursday, 17/02/11 – 14:39PM Description : The phone ( Apple iPhone 4G HD 32GB) are Authentic Apple product is unlocked , brand new , sealed in the Apple Original box , comes with complete accessories , comes with 2 Years international warranty from the manufacture APPLE COMPANY will work with any network provider or sim card and also with any …

UK – Irish – Spanish – French Property Tax Returns

Baxter Reports Sales and EPS for Fourth Quarter 2010 in Line with Guidance

Baxter International Inc. today announced its financial results for the fourth quarter of 2010, and provided its financial outlook for the first quarter and full-year 2011.

Question: I contracted as a limited company in the UK, now I have to file a personal tax return – help!!?

I contracted for 5 months (March 07 – July 07) and set myself up as a limited company to pay less tax. I used an accounting firm to sort this out for me. Now I have to file a tax return for the tax year 06/07 and I’m completely clueless as to how to do it. Do I include the limited company earnings? I assume it’s relatively straightforward for the months up to March when I started contracting, as I was in ‘normal’ employment up to then and have a P60 for the job I finished in February 06.

How do I disclose the income I earned from March 1 (date I started contracting) – April 5 (end of tax year)?

Answer: Hi,
The tax year in the uk runs from the 6th April to the 5th April the year after.

Therefore, for your 06-07 return, you will only be required to declare your earnings from when you started in March up until the 5th of April 2007.

Any income you earnt after that date would be declared in your tax return for 07-08 in a years time – and as you rightly said, your PAYE earnings will not be affected, the inland revenue will already have it on record that you were employed up until March.

If you use an accounting firm, they should be doing all the necessaries for you – all you will need to do is submit your receipts for any work-related expenses you have incurred.

Hope that helped – don’t forget that tax returns have to be filed by the end of January to avoid being fined!

Updated: Myanmar’s junta leaders “stupid” and “dumb”

In a latest diplomatic cables leaked by whistle-blowing site WikiLeaks, Singapore’s Minister Mentor Lee Kuan Yew was cited as calling Myanmar’s junta leaders “stupid and dense” and Taiwan’s former President Chen Shui Bian a “gambler” who was ready to “go for broke” on independence. The classified document relates to a confidential briefing on a 2007 conversation between Minister Mentor Lee Kuan …

Can I Claim A UK Tax Refund?