For questions that relate to the laws, practices, and products of the United Kingdom.

learn more… | top users | synonyms (1)

2
votes
1answer
81 views

How can I invest my personal money in my own Limited company in the UK?

I registered a Limited company in the UK one year ago and I am the sole shareholder and sole director of the company. Now I want to invest £50k in the company so that I can buy products and rest of ...
2
votes
1answer
53 views

UK Contractor with Limited Company

I recently set up a limited company and have an accountant taking care of much of the financial side. I wanted an opinion other than my accountants. For the entire income I recieve from clients I am ...
1
vote
2answers
276 views

Online transaction - Money taken out late

I recently made a transaction online using my UK current account Debit Card (maestro). Essentially I deposited money into my online account, which can the be used to play games. The website informed ...
3
votes
3answers
520 views

How do I determine how much rent I could charge for a property or location?

I am interested in investing in property. How do I go about figuring out the rent-ability of any given property? As in how do I figure out how much rent a property could get potentially on average ...
4
votes
1answer
2k views

Which banks / companies offer virtual or instant credit card services in the UK?

I'm looking to make a small number of hotel and guest-house reservations, and thought that generated credit card numbers with defined limits would be a good idea. Which companies provide such ...
1
vote
0answers
43 views

Claim tax relief on purchase in UK as full time employee

As a full time employee in an I.T. company can I claim tax relief on purchases related to my job? My employer does not provide a laptop so I was considering buying one myself and was wondering if ...
2
votes
1answer
83 views

Can I back out from the lease before signing the contract

I was looking for an accommodation and found one. I have not signed any contract or deposited money yet. I just agree to take the place via email with the current tenant of the flat and planned to ...
1
vote
1answer
57 views

How can we confirm if a telegraphic transfer has been credited to the beneficiary's account?

A while ago, I made a foreign telegraphic transfer from a bank account in Bank A to another bank account in Bank B. Bank A then sent me an 2 email; one confirming that they have received my FTT, and ...
3
votes
4answers
106 views

Will I be liable for taxes if I work for my co. in India for 3 months while I am with my husband in UK

My husband has a temprorary assignment in the UK and I plan to accompany him . My company is open to let me work from home but are there any legal or personal tax implications and how long can I ...
1
vote
2answers
421 views

How can I work out how much a side-job contracting will be taxed for?

I'm a full time employee on monthly salary, all done by the book. I'm thinking of doing some part time contracting in my spare time, maybe 15 hours per week. How can I estimate how tax will effect ...
0
votes
1answer
34 views

What is my Tax position on short term (90 day) on-site contracts in the UK and will I owe taxes in both countries?

I am considering a short term project in the UK maybe a total of 90 days between now and the end of 2014. I live in the US. The recruiting firm that contacted me has a UK branch and a US branch both ...
0
votes
0answers
33 views

Will my new job use the tax code from my P45?

If I've given a copy of my P45 to my new employer will they use the tax code on it to calculate the tax I should pay for the first month. For instance: 1000L
4
votes
1answer
154 views

Tax Benefits of Loaning to Loss-Making UK Company

I have a limited company in the UK that is, unfortunately, currently making a loss. The company has been loaned cash (about £2000) by myself but isn't making a profit yet and I have taken no salary ...
3
votes
1answer
61 views

What is the difference between an Independent Financial Advisor (IFA) and an Accountant?

I'm looking for some advice on various small personal financial matters relating to pension, salary, taxation etc. I've been given a personal recommendation for an accountant, but looking at their ...
2
votes
1answer
129 views

Can a bank ask for a quicker repay of a part of a mortgage?

In the UK, could a bank ask you to repay quicker a part of a mortgage (or a loan guaranteed with a property) because your risk profiles increases due to the value of property going below the ...
0
votes
1answer
101 views

Getting money from online websites I own to my UK bank account

I recently moved to UK for a full time job, and I get my salary transferred to UK bank account, and automatically tax calculated. At the same time I own few websites and I get some money from these ...
3
votes
1answer
183 views

Downsides to Salary Sacrifice? (UK)

My company are starting a scheme where I reduce my gross salary by the amount I pay into our pensions. They increase their pension contribution by the same amount, saving us both National Insurance ...
0
votes
0answers
18 views

Guidelines on Skill Transfer UK Visa Investment

Can Tier 2 Skill Transfer UK Visa holders do investment in London stock market? If yes what is the procedure?
3
votes
1answer
98 views

US dividends double taxation for foreigners (UK)

I have read that the US government exercises a 15% (or even 30%, where the foreign country is not in the double-taxation treaty with the US) withholding tax on US dividends, if the shareholder is ...
5
votes
2answers
534 views

Difference between a mortgage and buy-to-let in UK

In terms of rights, whats the difference between getting a regular mortgage and a buy-to-let mortgage for a property in the UK? For example, if I wanted to invest in a property, and got a regular ...
5
votes
1answer
128 views

Loan from Canada to UK

I live in Canada. My brother in the U.K. is thinking of purchasing a house with his wife. They are both teachers and careful with their money but don't yet have money for a down-payment. I am ...
6
votes
2answers
182 views

Can you recommend a good broker through which a UK company can trade in US stock markets? [closed]

Anybody can recommend a good broker through which a UK company can trade in US stock markets?
2
votes
5answers
203 views

As a contractor, should I overpay my mortgage or contribute to a pension?

My specific situation is:- Early 30s Software contractor via a ltd company Resident in Scotland Higher-rate taxpayer Mortgage at ~5% (variable 4.5% above BoE), LTV about 75%. I'm allowed to overpay ...
1
vote
1answer
43 views

Tax on Money transfered to India from UK?

I'm from India came to UK on Feb 4th 2014 and I will be in UK till Sept 30th 2014. I'm earning money in Pounds, and paying tax as per UK tax policy. I could save some money which I transferred to ...
3
votes
1answer
64 views

Foreign bequests and gifts

I am a U.S. resident and citizen. My British mother died earlier this year. In her will, she directly bequeathed me 10,000 pounds, and left the remainder to her sister. Said sister thought that was ...
4
votes
1answer
252 views

Can a company run a credit check on me without my permission?

I understand that sometimes when dealing with companies over the phone or over the counter, they need to run a credit check. I would have thought that as a courtesy they would at least tell you this ...
1
vote
1answer
45 views

Possible outcomes of needing a Tree Report before Mortage? [UK]

Whilst applying for a mortgage on a house I've needed to get an arboricultural report due to the valuer requesting it due to some trees on the property. The report came back advising that a tree be ...
2
votes
1answer
76 views

How can I register a UK business without providing a business address?

If you are a start-up from home and do not have an office yet, how can you register your business on http://www.companieshouse.gov.uk/ without publicly disclosing your personal home address? I know ...
2
votes
1answer
113 views

Financial gift or nasty surprise

If a friend from the U.K. is wanting to give me a large amount of money, why would they need my signature? They haven't requested any bank account details, but why would I need to sign something to ...
5
votes
1answer
43 views

Small business tax dates, what is “the date” of a job?

I work to a tax year that starts on the 6th of April. I have a number of jobs which before this date are: "in the pipeline" i.e. in my order book work in progress finished not invoiced finished and ...
2
votes
1answer
75 views

Tax on NRE account

I am an UK citizen. I opened a recurring monthly fixed deposit Indian NRE account at 9% interest for 10 years. No tax in India and repatriable. My first question is do I have to pay tax in the UK ...
3
votes
2answers
68 views

Any sane way to invest in both funds and stocks with UK ISA?

I wish to invest in both stocks and funds within an ISA. However the fund supermarkets all seem to charge an annual fee even on stocks. Yet there are stock trading isa accounts that have no fee. So I ...
3
votes
3answers
221 views

Can credit card be used as a debit card by making payments into credit card before even using it?

I am planning to use Halifax clarity credit card abroad when I travel to Europe. The credit card offers good rates while using abroad with no transaction charge or non sterling transaction charge ...
1
vote
1answer
44 views

VAT listing on repair job

This is a question on consumer law and trading standards in the UK. I appreciate it may be a grey area. A few weeks ago I took a sail to be repaired in a local sail loft. I asked for the price and ...
3
votes
2answers
49 views

Equifax credit report insurance quotations

I have just ordered a credit report from equifax. The credit report shows up all healthy except for a large number of (genuine) 'insurance quotations'. These are car insurance quotations that I have ...
2
votes
1answer
43 views

Why would you use an IFA for choosing a pension fund

I've been trying to sort out a pension fund and been talking to an advisor from st. james place, who whilst admittedly not exactly an IFA does seem to know his stuff. But their fees are relatively ...
1
vote
0answers
55 views

How long will defect remain in credit history?

I have read this question/answer that suggests that it takes 7 years for items to clear from a credit file. Is this the same in the UK? And in the meantime, if I have late payments showing on my ...
5
votes
1answer
2k views

Why would a company issue a scrip dividend and how will this issue affect me?

Barclays in the UK have sent out a leaflet recently (online version) saying they are moving to a Scrip Dividend programme. The FAQ does its best to answer questions but still uses a lot of jargon and ...
3
votes
1answer
88 views

Is there any way to cash in a pension fund?

The last company I worked for (I'm in in the United Kingdom) had one of those schemes where the company puts a certain amount of money every month into a pension fund. I quit my job and now I keep ...
6
votes
1answer
190 views

Transferring large sums of money overseas

When transferring the past few years of savings from working overseas (over £25,000) to my account in the UK. This is my savings from income I received over the past several years while working ...
6
votes
3answers
256 views

Can you tell how much mortgage payments will be after the fixed term?

We're looking to buy our first house, and are considering the different options for a mortgage. We are in the UK. We're having trouble comparing the options because it seems that you can only tell ...
3
votes
0answers
39 views

Good trust account in the UK

We need to open a trust account for our children for some money they inherited in trust. We were warned that quite a few of the banks are quite reluctant to do this. So the main questions are: Once ...
5
votes
1answer
31 views

UK ISA - Can Only contribute to 1 provider a year?

HMRC has a rule that you can only pay into one stocks and shares isa in any given year. But what if I transfer this years part funded ISA to another provider. Can I continue to pay into the new ...
6
votes
1answer
61 views

Student Loan versus Cash ISA

I have taken out a UK student loan several years back whilst studying, it was interest free at the time, but now a low interest of 1.5% APR has kicked in. I have scraped together enough to pay this ...
4
votes
1answer
178 views

What legal actions should I take to get tuition fees refunded after the school went bankrupt?

I applied to the Northern School of Languages in Leeds and my student visitor visa was refused. But the school has gone bankrupt, and the financial case is now handled by the Ferguson Company Ltd. on ...
5
votes
1answer
116 views

Refused for Debt Consolidation Loan. Why would I be denied this loan?

I have numerous maxed-out credit cards and a half-used store account and I'd like to pay them all off with a consolidation loan, to reduce the interest I'm paying and clear them all up quickly. I'm ...
3
votes
1answer
99 views

What steps or checks should I do to see if a lending company that cold-called me is legit? Too risky?

A few days ago I got a call from company asking me if I have any outstanding debts and saying they can help me with my debts. Well, I don't have any debts; though I use 3 credit cards, I always pay ...
4
votes
2answers
165 views

Having a flat rented for me on expenses vs having a payrise

I've been offered a flat in London instead of a pay rise. I feel like I'm getting a great deal, but I just want to run this by people in case there's something I'm missing here. Quick background. I ...
-2
votes
1answer
66 views

Should I charge VAT on a customer who is VAT registered in a EU country? [closed]

I hope the title explains it all. I supply goods which are taxable in UK. If the EU customer is not taxable, should I zero rate it or is the transaction outside the scope of VAT ?
3
votes
1answer
180 views

Can I put my personal loan into my savings account until I use it all?

We applied for a personal loan of a value that we know we have to use over a few months. Can I put it in my savings account or an ISA account until we use it all? I live in the UK. Thanks.