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Thread: tax makes sense

  1. #1
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    tax makes sense

    got my tax repayment today. money..money


  2. #2
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    Was that a tax rebate or tax credit?


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    what's the difference between rebate and credit?


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    Good question....

    A tax rebate is a refund of tax already paid, but overpaid.

    A tax credit is tax already paid that is given back to you if you qualify under certain criteria, but not overpaid.

    Slightly different.


  5. #5
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    tax rebate


  6. #6
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    Quote Originally Posted by ynwa View Post
    tax rebate
    Nice

    I am hoping to get one soon.


  7. #7
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    yeah. im spending it on something productive


  8. #8
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    yours might be on its way


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    Trusted Member stevewool's Avatar
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    my Ems waiting for one too,


  10. #10
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    Quote Originally Posted by ynwa View Post
    yours might be on its way
    I am due it. I just have to fill out my tax return form. I am due back tax overpaid on an allowance for my maintenance payments to my ex wife and on tax overpaid on behalf of my current wife - we are allowed to pool the married womans allowance with the married mans allowance here.


  11. #11
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    Quote Originally Posted by ynwa View Post
    yeah. im spending it on something productive
    Whats that?


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    Quote Originally Posted by stevewool View Post
    my Ems waiting for one too,
    Maybe she will treat herself to that iPhone , Steve....


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    Tell us how to claim it maybe we could get some aswell..lol


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    Quote Originally Posted by jane2009 View Post
    Tell us how to claim it maybe we could get some aswell..lol
    I dont know if there is a UK tax allowance for maintenance paid to an ex wife. I live in the Isle of Man where taxation is different to mainland UK.

    The tax allowance for my current wife isn't claimable in the UK but is claimable in the Isle of Man.


  15. #15
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    Where would we be if we didn't all pay taxes ?






    .


    .
    THE PHILIPPINES !


  16. #16
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    If you're taxed at source no choice about tax payments.

    But.......always so noce when you get back the tax you paid too much of.

    Very much in the news just now with some folks who are not taxed at source and decide to not pay what we all must.


  17. #17
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    Most self-employed people with decent accountants do the same...albeit on a smaller scale.
    The accountant's fees are tax-deductible, so may as well get a good one.

    When I was self-employed my accountant drove a new Rolls Royce and was originally recommended to me by some wealthy friends.


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    Even on PAYE one can overpay in tax.

    I paid an accountant about £200 about 12 years ago, long before I moved to the Isle of Man and got £7000 back in refunded tax. Not tax avoidance or evasion, just getting back what was rightly mine.


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    Jim Davidson backs Jimmy Carr over tax avoidance scheme

    http://www.bbc.co.uk/news/uk-politics-18549380


  20. #20
    Moderator joebloggs's Avatar
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    not much but better in your pocket than Carrs or someone else.. just sent mine off

    Work uniform tax rebates

    If you wear a uniform to work - whether just a simple polo shirt with a logo on it, or full attire eg, nurses, policemen – and have to wash, repair or replace it yourself, you may be able to reclaim tax of £100s, overpaid in the past four years.


    http://www.moneysavingexpert.com/rec...orm-tax-rebate
    http://www.filipinouk.com/forum/image.php?type=sigpic&userid=870&dateline=1270312908


  21. #21
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    And Sir Chris Hoy under the taxation spotlight....

    http://www.bbc.co.uk/news/uk-18564187


  22. #22
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    Quote Originally Posted by joebloggs View Post
    not much but better in your pocket than Carrs or someone else.. just sent mine off

    Work uniform tax rebates

    If you wear a uniform to work - whether just a simple polo shirt with a logo on it, or full attire eg, nurses, policemen – and have to wash, repair or replace it yourself, you may be able to reclaim tax of £100s, overpaid in the past four years.


    http://www.moneysavingexpert.com/rec...orm-tax-rebate
    Hmm.....thanks for the tip Joe.

    .
    Attachment 6510


  23. #23
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    lol. i want a clown costume for halloween hahha.
    Anyway, just got my checked yesterday and i almost licked it! lol


  24. #24
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    Quote Originally Posted by ynwa View Post
    lol. i want a clown costume for halloween hahha.
    Anyway, just got my checked yesterday and i almost licked it! lol
    You are supposed to spend it, not lick it....


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