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

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2
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1answer
103 views

How is income from surveys taxed in the UK?

I'm considering doing online surveys from companies such as YouGov, that pay you for each survey you complete, but I would like to know more about how taxes work, so I've got a few questions. Are ...
0
votes
1answer
58 views

Applied for loans but chosen not to take them, will this look like I was refused?

So I applied for several loans to buy a car, trying to take advantage of the low interest rates at the moment. All of them came back with higher interest rates than were advertised. I've subsequently ...
1
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0answers
24 views

UK Tax: Filling in a HMRC P85 Form - Leaving the UK

I'm filling in the online P85 form (https://www.gov.uk/government/publications/income-tax-leaving-the-uk-getting-your-tax-right-p85) as I recently moved back to Australia permanently but I'm but I'm ...
3
votes
0answers
47 views

How much hassle is it inheriting shares?

A UK-resident relative has died and left their estate to be divided between a few people. The executors are still drawing up a list of assets to file for probate, and they include some stock. I've ...
1
vote
1answer
18 views

Does NIC Class 4 contributions counts to your retirement pension?

When I pay more of 9% Class 4 NI, does it mean I will get more pension to my retirement pension as it accumulates? Or it doesn't make any difference to my future pension?
1
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2answers
139 views

My wife and I own two cars. Which of us need to be insured on each?

We have two cars; one is a 14 plate Skoda estate lease car. The terms of the lease say I need to have fully-comprehensive insurance. We also have an old W-reg Renault for my wife, with me as the ...
2
votes
1answer
74 views

Claiming car as a business expense in the UK

I am filing my tax return as a self-employed in the UK and would like to claim my car as a business expense. I have read the "Rates for cars" section of this website: ...
1
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1answer
25 views

Permanent resident filing taxes from a UK employer

I am a US permanent resident with a UK employer. My employer tells me they do not issue W2 forms to staff outside UK. What do I do? Is there some other form I should be filling for my taxes?
4
votes
1answer
166 views

Shopping around for loans without detrimentally effecting credit rating/chance of getting said loan?

I've found myself stuck in a quandary. I put a deposit down on a car and I'm trying to obtain a personal loan based on this. The problem is that I'm finding that despite passing all initial checks ...
2
votes
2answers
144 views

Privacy Concerns For Self Employment Taxes

I'm a UK based freelance website developer, registered as self employed and trading under my own name. I have to be honest that things haven't been going all that well recently so I'm turning my ...
1
vote
1answer
110 views

What I can do to offset a bad fixed-rate mortgage?

My mortgage came up for renewal right at the time in 2009 when UK interest rates hit rock bottom. This was unprecidented, and most financial advice was to take out a fixed-rate mortgage. So I perhaps ...
1
vote
1answer
33 views

Understanding payment options with NS&I Bonds

So, just like many, my parents want to invest in: http://www.nsandi.com/65-guaranteed-growth-bonds?ccd=NALBAA since they are supposed to be quite good however, there is a genuine fear that the money ...
0
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0answers
20 views

How to pay when merchant only accepts UK creditcards? [duplicate]

I'd like to buy something at a site that only accepts UK credit cards. I'm situated outside the UK and I don't have such card. I've asked about this before, but unfortunately that question was put ...
4
votes
2answers
8k views

Can a foreigner open a bank account in the UK?

I am from Hungary and I will visit the UK for about a month (just for fun). I would like to open a bank account there. Can I do that? What are the latest regulations? Are there any special ...
2
votes
3answers
109 views

Issue with mortgage valuation on new build property

I have a friend who recently put a deposit down on a new-build flat in a large new development in Scotland, it's priced at £150,000. He's paid the reservation fee, and been approved for the mortgage ...
1
vote
1answer
83 views

UK Citizen, Japanese Resident - where do I pay tax for royalties paid to UK bank?

I am self employed, work and reside in Japan. Most of my income gets paid vis PayPal or directly to my Japanese bank account. The exception is my Amazon royalties that can't be paid into a Japanese ...
2
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2answers
70 views

Is it possible to get a Visa or Mastercard Gift Card in the US and use it to buy UK products that require a UK billing address?

Is it possible to get a Visa or Mastercard Gift Card in the US and use it to buy UK products/services (online) that require a UK billing address? I know that in the US, I can buy something like that ...
3
votes
2answers
310 views

What should I be considering, as a student with an income for one year?

I'm a 3rd year university student (age 20) in the UK, and I'm half-way through a years placement that's paying ~£1200/month which finishes in July. I'm engaged, and looking to get married after I've ...
1
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1answer
43 views

Is it possible to get a UK visa gift card while in the US?

Is it possible to get a UK visa gift card while in the US? For instance, is there a place to purchase a UK visa gift card while still residing in the states and get it sent to me before leaving?
0
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1answer
78 views

Can I sell shares with old-fashioned paper certificates online?

I have the paper certificates in my name, of some ordinary shares that were bought in 2009 in the UK. Can I sell them online?
1
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1answer
119 views

In what order should I save?

I see the advice for managing finances in the US talking about financing a pension up to employer match, then do the next thing, then the next and so on. However, I'm in the UK, and I'd quite like a ...
1
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3answers
1k views

Opening UK corporate bank account remotely

I've just registered my UK limited company through "companies house" and would like to set-up corporate bank account. I've already paid for registered office service and have an UK address for my ...
3
votes
3answers
178 views

How is taxation for youtube/twitch etc monetization handled in the UK?

I am pondering putting video up on youtube with monetization (i.e. putting up adverts), or stream on twitch. However, I would like to know what the tax consequences are. I assume the income is ...
9
votes
1answer
1k views

How do I close a bank account that I no longer have any information for?

There is a Barclays bank account in my name that is overdrawn that I haven't touched in about 5 years. I went to the bank with my passport, and they said that it wasn't coming up on the system with ...
-1
votes
3answers
94 views

Are there online brokers in the UK which don't require margin account?

To my surprise, it was extremely difficult to find an online Platform that offers the option to trade/invest in STOCKS with a 1:1 leverage, in other terms, purely my own money, no margin. I've ...
2
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2answers
174 views

Ready to invest but I'm overwhelmed with the number of brokers and services

I have £15,000 - £20,000 to invest for the long term and I've researched what I will regularly invest in to: Pension, Index funds, Bonds, small number of individual stocks (maybe) as well as my cash ...
1
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0answers
46 views

What regulations are in place to protect consumer's investments in UK?

I know about FSCS (Financial Services Compensation Scheme), which will cover you in case your broker defaults, but it will only cover up to 50K GBP for investments; not particularly much. What ...
3
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0answers
141 views

What type of insurance would protect you against the Amazon 1p bug?

After seeing many hobby and small businesses losing thousands of pounds due to a software bug pricing their products at 1p on Amazon I've been wondering. Is there a type of insurance that a hobby ...
2
votes
0answers
135 views

A second income as a couple

I work a regular 9-5 job earning a decent wage. My wife works one or 2 days during the week and gets a varying, low wage. I've started selling items in my spare time and it's gotten to the point ...
1
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1answer
51 views

What are the tax implications on selling the Share ISA portfolio?

I am new to Stock and Share ISA investing. I am planning to make use of the New ISA limit of £15000 from this year. I am aware that the profit or loss made out of Share ISA is tax free. Does this ...
2
votes
2answers
62 views

Sole Trader or LTD, buy personal house and work from home

As Sole Trader or Limited you can claim a partial rate of your rent if the house where you live is used for business purpose. As usual everything has to be reasonable and calculated pro rata on time ...
2
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1answer
49 views

How do margins on tracker mortgages (variable rate mortages) vary over time?

One kind of mortgage, in the UK at least, is a tracker: the interest rate is equal to the central bank's base rate of interest, plus a constant margin. The margin can apply for the lifetime of the ...
-2
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1answer
47 views

Where I am I liable for taxes?

I have a business which offers paid subscription-based access to a piece of software hosted in the cloud (i.e. the user doesn't install the software on their PC but accesses it via their web browser). ...
1
vote
2answers
92 views

What should I know about paying taxes for working from home as a new resident in the UK?

I am soon moving to the UK. (I have been a freelance web designer and developer.) What would I need to be sound in the UK and to be fit to work online as a freelancer? Will it include paying any ...
2
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2answers
2k views

Roughly how much more is the average salary of London compared to the north and south?

As the title states, roughly how does salary in London compare to a job in the south (say, Bristol), versus a job in the north (say, Leeds)?
1
vote
1answer
102 views

Sort Code, Account Number, but no account name

I'm trying to pay money into an account. I have the Sort Code and Account Number, but no account name. I know the company that owns the account, but I'm sure they have MANY accounts. Can I put just ...
2
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2answers
166 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
1answer
205 views

Ideas on how to invest a relatively small amount of British pounds

I am of European origin and I live in the U.K, studying for my Doctorate. I have managed to save an amount of money, around 5,000 pounds. I would like to ask what people here think is the best (and ...
3
votes
1answer
356 views

What will happen to my shares if company delisted

I have shares in a UK listed company called Perform Group. It's recently been the target of a buy out by a private company, and I've received the following notification: AI PG LLC (AI) has ...
1
vote
1answer
65 views

How poor an idea is it to transfer out of an ISA before the interest is paid?

I currently have a Barclays issue 1 ISA, with around £8000 in it. I opened it in August 2014, and it pays 1.29% AER/1.28% tax free pa. At the time of opening it, I hadn't researched investments and ...
3
votes
2answers
71 views

Can/should a foreign person working overseas for a US company contribute to a 401k?

Our company (US-based) is considering hiring a foreign citizen (UK) to work for us in the UK. I believe that they CAN contribute to a 401k, but should they? Do they receive the same benefits from the ...
2
votes
1answer
105 views

England: Alternative to Student Finance

I am currently considering a change of course at my current University, but as I have already just started my second year of study, I won't be entitled to one years tuition fee loan from Student ...
6
votes
2answers
394 views

What is the advantage to me in not paying off my debts?

I have some credit card debt that is currently on cards where there is 0% interest for periods of between 14-22 months. There was a transfer fee of around 2.9-3.5% for the balance from old cards. I ...
0
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0answers
21 views

UK Business Purchase from UAE

If I'm running a VAT registered business in the UK buying video game codes (non-physical products) from a company in the United Arab Emirates and selling them to customers in the UK and abroad, what ...
2
votes
1answer
111 views

In the UK what are citizens legally obliged to do (in order to not be fined)

What government stuff do you need to do in the UK? I have heard the following terms in passing: ['council tax', 'electoral register', 'tax return', 'P60', 'Jury duty'] and I am now aware that I ...
2
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4answers
366 views

I am a contractor with revenue below UK's VAT threshold. Should I register for VAT?

I am an IT contractor based in London. I understand that there is a threshold for VAT of £73,000. In my current business, I have not exceeded that threshold as of yet but expect to within the ...
4
votes
2answers
147 views

Working out if I should be registered as self-employed in the UK

I have spent the past few evenings trying to work out what is the correct thing to do with regards to taxation in the UK for my set of circumstances. 9-5 I work for a company and am on PAYE. 5-9 I ...
0
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0answers
38 views

Is my salary in UK taxable in India?

I have been moved to UK temporarily from India for 2 years. In whole 2013-2014 financial year, I am in UK and getting my salary in UK itself which is being credited in UK based bank. Will my income ...
3
votes
2answers
3k views

If I work abroad and earn money in that country, does UK tax apply to it?

If I earn income working abroad and it goes into a bank account not in the UK - say for example I was teaching english, would it be liable for uk tax? If the money went into a UK bank account would ...
0
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0answers
35 views

Can one get NI in UK to pay taxes without home address

Is it a requirement to have a home address in the UK in order to get NI? Can't I use virtual office's address for that matter? Would HMRC require something like proof of address which I can't provide ...