The Tax Preparation Blog

Archive for the ‘UK taxes’ Category

Henderson Liquid Ass – Circular to Shareholders

Henderson Liquid Ass – Circular to Shareholders

Universities UK: Address by the Minister for Universities and Science to UUK Annual Conference

Question: UK Emergency Budget announced…?

I am sure you have all heard about the emergency budget announced by George Osbourne, some of the things that he has introduced are:
VAT to rise 2.5% to 20% from January 2011
Deficit reduced 77% by spending cuts, 23% by tax rises
Departments face cuts of 25% over the next five years
Two-year pay freeze for public sector workers earning over £21,000
Child benefit frozen for three years and tax credits cut
Disability benefit claimants face new medical checks
Corporation tax cut from 28% to 24% over four years
Capital Gains Tax hiked to 28% for top-rate taxpayers
Bank levy from 2011, raising £2bn a year
Income tax threshold raised £1,000 to £7,495
Pension link to earnings restored or 2.5% rise from next April
Civil list frozen at £7.9m

Are you happy about the Budget and how is it going to affect you?

Answer: Tough but necessary, I’m glad they’ve restored the earnings link to pensions so pensioners can have some dignity, many of them don’t claim what they are entitled to because of all the ridiculous and intrusive form filling and we’ll all be old one day, Vat rise will mean a bit more restraint when spending, but it is a relief that we have a government that is trying to get a grip instead of fiddling while Rome burns like the last lot.

Top tips for Christmas giving

Two thirds of UK charities are now worried about their future income due to public-sector spending cuts and the increasing number of people that need their help, according to the Charities Aid Foundation …

Pre Budget Report | Part Two

Free Website Launched For People With One Or Multiple Income Sources To Calculate Their UK Tax Bill

‘UK Tax Calculators Wizard’ is TaxPenny’s latest addition to its free online suite of tax calculators. It allows people with income from one or multiple sources to calculate their total tax liability simply and comprehensively. By taking into account varying tax allowances, rates and bands, the effect of each income source is evaluated before providing a tax computation that can be used to help …

Question: Tax Return leaving UK- I need a clear answer.?

I know that i can claim my 2009-2010 taxes back as I am leaving before the end of the fiscal year. But what about 2008-2009? I started to work in UK in Apr 2008, I won’t get any taxes now that I am leaving the country for good (I have already check if I was paying the correct taxes and the answer was yes).
I mean ask for taxes refund while you still working in the country and ask to be refunded because due to your leaving you are not going to get any pension or services are the same thing?

Thank you

Answer: You can’t claim anything back for 2008/2009, as you would have been earning for a full tax year, until 5th April 2009. I assume you completed a form P86 when you arrived in the UK, and got the full tax allowance. Just because you are leaving the UK does not entitle you to any refund for a previous tax year, either for tax or NIC. NIC is an insurance, and is non-refundable, whatever, and I’m afraid in these circumstances the fact you won’t be using any UK services in the future doesn’t entitle you to a refund, any money paid out being lost.

Shop Talk: God is My Hacker

If the Review has seemed a little erratic over the past few days, you can blame a gale with 60 mph winds that swept through our part of Maine, leaving 30,000 without electricity in my county alone.

Immigration

Meritage Homes Reports Third Quarter 2010 Results

THIRD QUARTER 2010 SELECTED RESULTS :