October 6, 201312 yr I need the assistance of a UK Tax Advisor - forms have to be returned by end of month. Are there any in CM? or Bangkok? or Thailand-in-general? Recommendations appreciated. Many Thanks. Bucklt
October 8, 201312 yr As far as I am aware the 31st Oct. deadline is if you want HMRC to calculate the tax. 31st January then you must calculate yourself or your accountant. Only you know how complicated your tax affairs are. you must know an accountant or know of an accountant in the UK who can handle this for you, maybe more expensive but probably cheaper in the long run. The first year may be more expensive but for a simple tax return, ie some uk income and interest etc a fee of about £200 to £300 would be about average.
October 20, 201312 yr Author As far as I am aware the 31st Oct. deadline is if you want HMRC to calculate the tax. 31st January then you must calculate yourself or your accountant. Only you know how complicated your tax affairs are. you must know an accountant or know of an accountant in the UK who can handle this for you, maybe more expensive but probably cheaper in the long run. The first year may be more expensive but for a simple tax return, ie some uk income and interest etc a fee of about £200 to £300 would be about average. Thanks. Eventually found one in Bangkok who, in the course of a week, completed my tax return via the web. This now means that I can continue to get a UK-based pension - gross - i.e. without them taking tax from it! His details; Stephen Dann ITPA (66) 02 742 5189. Hope this proves to be of help to other members on TV. Good Luck, Bucklt
October 20, 201312 yr As far as I am aware the 31st Oct. deadline is if you want HMRC to calculate the tax. 31st January then you must calculate yourself or your accountant. Only you know how complicated your tax affairs are. you must know an accountant or know of an accountant in the UK who can handle this for you, maybe more expensive but probably cheaper in the long run. The first year may be more expensive but for a simple tax return, ie some uk income and interest etc a fee of about £200 to £300 would be about average. Thanks. Eventually found one in Bangkok who, in the course of a week, completed my tax return via the web. This now means that I can continue to get a UK-based pension - gross - i.e. without them taking tax from it! His details; Stephen Dann ITPA (66) 02 742 5189. Hope this proves to be of help to other members on TV. Good Luck, Bucklt Hi Buckit, Many thanks for the update and the information, I am sure it will be helpful to many TV members. Just one quick question. Will your UK pension be paid gross by reason of your Tax Free allowance or some other tax related reason. Best wishes, Billmont
October 20, 201312 yr As far as I am aware the 31st Oct. deadline is if you want HMRC to calculate the tax. 31st January then you must calculate yourself or your accountant. Only you know how complicated your tax affairs are. you must know an accountant or know of an accountant in the UK who can handle this for you, maybe more expensive but probably cheaper in the long run. The first year may be more expensive but for a simple tax return, ie some uk income and interest etc a fee of about £200 to £300 would be about average. Thanks. Eventually found one in Bangkok who, in the course of a week, completed my tax return via the web. This now means that I can continue to get a UK-based pension - gross - i.e. without them taking tax from it! His details; Stephen Dann ITPA (66) 02 742 5189. Hope this proves to be of help to other members on TV. Good Luck, Bucklt Hi Buckit, Many thanks for the update and the information, I am sure it will be helpful to many TV members. Just one quick question. Will your UK pension be paid gross by reason of your Tax Free allowance or some other tax related reason.Best wishes, Billmont I think it's fairly simple. You have a basic allowance and if income arising, (pension .interest etc)in the UK takes you above that allowance then tax is payable?
October 20, 201312 yr havent they raised the tax allowances now to 10500 quid for most people,and you can do your returns on line,its quite painless and can be completed quite easily in about 10 minutes,(self assessment online services)
October 20, 201312 yr As far as I am aware the 31st Oct. deadline is if you want HMRC to calculate the tax. 31st January then you must calculate yourself or your accountant. Only you know how complicated your tax affairs are. you must know an accountant or know of an accountant in the UK who can handle this for you, maybe more expensive but probably cheaper in the long run. The first year may be more expensive but for a simple tax return, ie some uk income and interest etc a fee of about £200 to £300 would be about average. Thanks. Eventually found one in Bangkok who, in the course of a week, completed my tax return via the web. This now means that I can continue to get a UK-based pension - gross - i.e. without them taking tax from it! His details; Stephen Dann ITPA (66) 02 742 5189. Hope this proves to be of help to other members on TV. Good Luck, Bucklt your uk oap is tax free,you only pay tax if you have other pensions or income from another scource,ie if you only recieve income around ten thousand,you pay no tax.
October 20, 201312 yr Actually your UK state pension is not tax free even though it will be paid with deduction of tax. The overriding factor is your tax free allowance and if your total income including your UK OAP state pension exceeds your personal tax free allowance then Tax has to be paid on the amount exceeding the tax free allowance. Other factors may increase your tax free allowance such as disability, caring for someone or the like but all income, state pension included is taxable income but is offst against allowances.
October 20, 201312 yr The OP isn't a shill touting for business. I have posted on here occasionally In the past concerning tax issues and teachers will also find me on the Timed Educational Supplement forum as Thormaturge. I cannot comment on the OP's case other than to say there was prior correspondence with HMRC, in addition to the Return, which required attention.
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