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Showing results for tags 'returns'.
Found 6 results
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A reminder that HM Revenue and Customs (HMRC) must receive your 2019 personal UK tax return and any money you owe in respect of the year to the 5th of April 2019 by the 31st of January 2020. If you have been issued with a Notice to File a 2019 UK tax return the return must be completed and lodged if a late filing penalty is to be avoided. Penalties start at £100 if your tax return is received by HMRC a day late. An additional daily penalty at the rate of £10 per day is added if the tax return remains outstanding more than 3 months after the due date (with a maximum daily penalty of £900), with additional penalties arising if the tax return remains outstanding more than 6 months after the due date for filing. These penalties apply even if there is no tax to pay. If a balance of tax is payable for the 2018/19 UK tax year and has not been paid by the end of January 2020 interest will start to accrue. Best regards. -
Just filling out my tax return for the first time. Do I have to declare income from my home in the UK which I'm renting out? What about interest/savings/ISAs etc that are still in the UK? I have filed my NRL forms in the UK and I know that there will be a certain tax liability in the UK for my UK money, but if that is the case do I have to declare it here in Australia on my tax return? Are there any do's or do not's that I need to know about. I'm putting in a mobile phone claim as my company out here don't supply one with the job, but is it just the cost of the phone or can I claim the top up vouchers (it's a pre-paid phone for the moment!). just wondering if anyone else out there is in the same boat as me and filling this all out for the first time?
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Hi to all of you that are on your way here. This is just a little useful note for you to know, everyone in Australia is required to lodge a tax return by law. So if you work for a company and you are on a salary they will issue you at the end of the year a Group Certificate of which you handover to your accountant who in turn looks at all your receipts that you will have saved , and then will forward it onto the Tax Man. So please make sure from the moment you arrive in Australia you save ALL your receipts, you will be pleasantly surprised at the Tax rebate you get back. This will also help you when you claim for family assistance and rent assistance. We have been here now for just over two and a half years , and trust me it is good to get a Rebate at the end of the year. To all those that go Self-Employed make sure that you put your tax money aside for the end of year aswell. Regards Mark (marknhelen) :wink::yes:
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Can anyone recommend an accountant in Melbourne for tax returns? This will be our first tax return so unsure on what to do. Need someone who uderstands it all and especially in relation to 457 visas as we financed our move out here so am unsure what we can offset / claim in terms of flights, relocation costs etc. Thanks, Mike -
Hi It that time of the year! Situation - we migrated to oz from the UK 6 months ago, hence have both UK and Oz income for this tax year, and will continue to receive interest income from the UK. Questions - I believe we need to declare our UK earnings on our tax returns, However these have been taxed in the UK. Will we have to pay tax on these in Oz? Do we need to see an accountant for our returns? I made to understand that there are numerous tax offsets eg : internet, school uniforms that we can claim back , is that correct?How is interest income on joint accounts in oz worked out for tax purposes? Any advice / suggestion are more then welcome. Cheers
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Hello there, I live in NSW, can anyone advise me on a tax agent over here that understands the UK tax system? Im trying to lodge a tax return for the rental income on my property which I still have in the UK. Im at my wits end as I just do not understand the questions they are asking and I cannot seem to get hold of any member of staff at HMRC??? For example Im not sure if I am supposed to declare my current aussie income as "foreign" income on the form..I just dont get it... :arghh: thank you. rvn
