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

learn more… | top users | synonyms (1)

1
vote
0answers
3 views

Tax return if worked partially in the UK and partially in Germany

I have worked from Jan to July 2015 in the UK and from Oct. to Dec. 2015 in Germany. I'm not sure if it makes sense for me to submit a tax return claim. (The tax year in the UK runs from April to ...
1
vote
1answer
33 views

Saving in foreign currencies

I live in the UK and am looking at opening a USD account. The primary reason for this is that I work for an American company whose employee share plan deals in USD, so it is required for that. However,...
0
votes
0answers
18 views

Investment platforms like Robinhood in the UK [on hold]

Which platforms (preferably mobile) would you recommend for investing? I've noticed "Rubicon", an alternative to "Robinhood", however, it has no reviews and noone's heard about it.
0
votes
0answers
30 views

First year partnership - no trade tax return

A friend and I registered a partnership last year (June 2015) with the intention of running alongside current employment. However due to circumstances and time we have not actually done any business (...
0
votes
0answers
28 views

Property investment in UK, France and Switzerland pros and cons

What's the difference (pros & cons) of buying 1st property for residency or investment between UK, France and Switzerland in terms of: Taxes Average rates Incomes Others ... Thanks!
1
vote
1answer
42 views

Where do I pay tax - UK or Malta?

I'm a UK company director but am considering a move to Malta where I will become resident and work remotely, with occasional visits back to the UK. My wages (and dividends) will be paid into a UK bank ...
1
vote
1answer
178 views

Working as a self employed freelancer for an overseas company

I will soon be working on a self employed basis for a company based in Poland,but I'm still going to be based in the UK (working remotely/online as a consultant) and my question is do I need to pay ...
3
votes
2answers
114 views

Will a British bank accept a twice-endorsed cheque?

I am an American citizen, living in the U.S., and I've been sent a small refund from a UK vendor in the form of a cheque drawn on the Bank of Scotland and made out to me. My bank will charge $23 to ...
2
votes
3answers
145 views

Easiest way to diversify savings

Finance has always been a bit of a black art beyond current and savings accounts, so I'm hoping this makes sense. In light of the possibility of Britain leaving the EU (that isn't the actual reason, ...
4
votes
5answers
560 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
3answers
172 views

How do gold sovereign coins compare to other gold investments? [UK]

I'm starting with the assumption that gold is sometimes useful for diversifying risk, responding to economic instability, or generally commodity trading. That stated, there are obviously different ...
2
votes
1answer
183 views

UK citizen going to freelance overseas - what type of specialist should I talk to for tax/registration advice?

I'm planning to leave the UK for around 12 months and work freelance in a non-EU country. I know there are many things I need to get right in terms of registration and financial declarations, tax ...
4
votes
5answers
11k views

How do I make a one of payment to my HSBC credit card bill with a HSBC debit card UK

I need to pay my HSBC credit card bill with a HSBC debit card and I can't transfer money between accounts (it doesn't show up on the list of accounts). When I click on the direct debit details it says ...
6
votes
3answers
325 views

When should I schedule direct debits?

I am going to start a new job soon where I will be go from being paid weekly to monthly. I have several direct debits that come out of my account all through the month. I would like to reschedule ...
3
votes
1answer
89 views

How does payment of interest work when an account has a maximum balance?

I am considering opening a new savings account with the building society with which I have my current account. (For completeness, I am in the UK, the building society is Nationwide, and the savings ...
1
vote
1answer
32 views

Repatriate NRE account money into UK GBP account tax laibility

I am resident in UK and have a NRE account where I keep depositing my earnings (for which I have already paid tax in UK) From NRE account, I can repatriate money. I.E. get it converted to pounds ...
9
votes
1answer
226 views

How is road warrior's income taxed?

One UK tech company is offering me to work for them (ie. be on their UK payroll). I am citizen of Estonia. Since, in this job I will travel every 3 or so months between different countries (as in ...
0
votes
1answer
45 views

Notice period calculation as an employee in the UK [closed]

As an employee I have a notice period of one week. If I hand in my notice on Wednesday, will my last day at work be the next Wednesday? Or the next Tuesday?
1
vote
0answers
99 views

International Stockbroker

I live in Australia, but have shares in the UK. I inherited the shares so have no experience in buying/selling. How do I find a stockbroker who could sell the shares for me? My father left me several ...
1
vote
0answers
45 views

Can you pay yourself with interest from your director's loan in the UK?

With the Chancellor's scrapping of dividend tax credits, the effective marginal rate for being paid in dividends from a limited company has now gone from 20% to 26% for lower rate tax payers, and from ...
4
votes
0answers
166 views

Historic variation in FTSE100 total market capitalization as a proportion of the FTSEAllShare total market cap?

Many years ago (in ~2000, give or take a year?) I remember seeing some discussions on The Motley Fool UK's forums about how much more diversification investing in an FTSE-AllShare tracker instead of ...
0
votes
1answer
28 views

Do shares purchased on FTSE AIM move with company to other markets?

I've struggled to find an answer for this so apologies if there is one easily found out there. At the moment I'm looking at potential investments in the FTSE AIM market, I've read a lot about how ...
1
vote
1answer
124 views

Historically how do share prices perform after mass selling after an employee reward scheme?

Tesco in the UK are about to award a 5% turn around bonus in shares to their staff with the option of keeping them or selling them straight away. It's likely most of the employees will sell them ...
3
votes
1answer
89 views

How is my [UK] bank calculating mortgage porting affordability?

I have had a mortgage with my bank for ten years now, and want to move. I have phoned them a few times to ask about what I can afford, but each time the answer confuses me, and when I ask how they ...
3
votes
3answers
144 views

How to minimise the risk of a reduction in purchase power in case of Brexit for money held in a bank account?

With the Brexit referendum looming, one of the foreseen consequences in case Britain leaves the EU is a diminished purchase power for the British Pound Sterling. What would be the best way to ...
3
votes
2answers
199 views

24% tax on first pay in the UK?

Quite a similar thread to others I've seen here - hope I'm not repeating the same questions again! I just got my first payslip after arriving in the UK and noticed that the tax is far higher than ...
1
vote
1answer
58 views

UK limited company and personal bank account [closed]

I have recently formed a UK limited company using an online company formation service. I currently do NOT live in the UK. I have not yet applied for a business bank account in the UK, but I do have a ...
1
vote
1answer
17 views

How should accumulation type units in unit-trusts/OEICs held outside of an ISA/SIPP be handled for tax?

If I hold income type units (call them "INC") of a fund (or investment trust shares or regular equities for that matter) outside of an ISA/SIPP wrapper, it's obvious enough how to fill in a tax return:...
4
votes
1answer
85 views

How to deal with end of tenancy for the tenant in the UK

I signed (in London - UK) a tenancy agreement in December 2013 for 3 times 1 year (the landlord wanted this instead of a 3 years contract). The term of the contract will arrive in a few months and I'd ...
4
votes
2answers
6k views

What is the tax treatment of scrip dividends in the UK?

What is the tax treatment of a scrip dividend in the UK? Do I declare the value of shares as income or the actual value of the dividend?
3
votes
2answers
135 views

How to pay N.I contributions when both employed and self-employed?

I make less than £6k a year from my self-employed work, and N.I is taken off my employment PAYE. Should I be paying N.I contributions for my self-employed work as well?
2
votes
1answer
56 views

What happens in the 2nd period of an ISA? (UK)

I'm sorry if this is a duplicate, I tried to search for similar questions but I'm not sure what the correct terminology is! I've been curious about an ISA for some time now and it seems that they are ...
8
votes
2answers
331 views

My Boss owes money but I am named on letter from debt collection agency (UK)

My employer has an outstanding debt with a company he aked me to speak with a couple of years ago. Now that company has my name listed as a "contact". He received a letter from a debt collection ...
1
vote
2answers
152 views

How much financial information should a buyer give an estate agent?

A friend of mine would like to buy a flat. It is currently a sellers' market and the agents write: Along with your offer we require your sales position ie. first time buyer or you have a property ...
4
votes
1answer
121 views

Investing savings in the UK vs Australia

I have been living in Australia for 4 years now, and although I don't intend to live here forever, I will be here for the foreseeable future. I have savings in the UK and here in Australia, and am ...
3
votes
1answer
106 views

Does a donation have to be used only on the thing it was donated for?

I am currently in the process of developing an open-source computer application and it is taking up a lot of my free time, so I would like to get some sort of income from it, even if it is a small ...
1
vote
2answers
168 views

What should i do regarding taxes if I am working full time and have a self employed 'freelance' work?

I have a fulltime work in UK and have an old business which give me some money every few months, I have my national insurance number as a full time worker, but now any money will come from my ...
3
votes
1answer
96 views

Should a joint credit card be cancelled upon the death of the person named on the card?

This is specifically about credit cards issued within the UK. A little over 2 years ago, my father died, at the time of his death, my parents had joint credit cards (or, credit cards linked to a ...
10
votes
6answers
3k views

What should a 21 year old do with £60,000 ($91,356 USD) inheritance?

I'm turning 21 years old soon and have an inheritance coming into my control to the value of approximately £60,000. I'm full-time employed, as a Software Developer in a Financial Services company. I ...
0
votes
1answer
57 views

UK tax question for low earner in previous tax year

I lived in Spain for 3 years and moved back to the UK August 2015. I started work Sept 15th 2015 and then finished on Feb 10th 2016. my taxable pay in that period was £9264.08 so I was not deducted ...
4
votes
2answers
142 views

Why UK bank charges are not taken account when looking on interest for taxation?

In UK when filling-in self-assessment, HMRC is asking for amount of interest received during the tax year. But bank charges are not taken into account. See example here: my bank charges me £5 ever ...
1
vote
2answers
72 views

Do I have to file a self assessment tax return even if I won't be taxed? (UK)

I am self-employed but make less than the personal allowance of £11,000. The government website says my income band is taxed at 0%. Do I still have to register as a sole trader and file a tax return? ...
4
votes
2answers
343 views

What items are exempt from the VAT? [U.K.]

I'm thinking about visiting the UK and I'm wondering which things are affected by the VAT and which are not. Also as a non-UK resident is there a way to get a rebate/reimbursement on this tax?
1
vote
3answers
141 views

Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK)

I do not sell any goods that are chargeable for VAT. I am not currently registered for VAT. I know that you cannot claim VAT refunds without being registered for VAT, and charging it on applicable ...
1
vote
2answers
222 views

Joint bank account and taxes in UK

I am working full time in UK and don't have any other jobs or money sources except this full time job. I have a bank account in HSBC UK. My wife is going to register as self employed (freelancer) here ...
6
votes
2answers
501 views

How do UK Gilts interest rates and repayments work?

I'm looking at UK Gilts and trying to understand how the interest rates and repayments really work. As I understand, if I buy £100 of a "5% Treasury Gilt 2020" it means I will get 5% interest each ...
0
votes
1answer
69 views

help-to-buy ISA and additional cash ISA

I am researching the help-to-buy ISA scheme. The average variable rate is set on 2% for most banks, however some banks offer extra but they put a further condition on it that you cannot hold an ...
0
votes
1answer
44 views

UK summer internship - employee status

During January & February '16 I have done some work for my university for which I filled the HMRC New Starter Checklist form. Since then I have not done any work for them and I have gotten a ...