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 Can the inland revenue demand back overpaid pension credit?
I know someone who has told the Inland Revenue they think they are being paid too much Pension Credit and have given in all their income details but they have been told it is correct. What if the IR ...


 Do i have to file taxes if i made less than $4000,and my parents claim me on their taxes?
...


 Im self employed how much can i earn a year before i am liable to pay tax or do i have to pay tax on everythin
is thire a limit to what i can earn before im liable for tax or do i have to pay tax on all my earnings....


 IS Obama going to raise taxes?
...


 If I get 1099 for a short sale on a rental, what if I can't afford to pay the IRS?
Short Sale on a Rental Home 1099...


 Is this a scam? I got this email asking to shift funds for companies with my bank a/c, what do you think?
Below is the email. If you think it's a scam please tell me how you think the scam operates, in detail. Thanks ----------------------------------------...
Marshal's Corp. is now hiring!...


 Need some clarification on how taxes work?
Okay so say i made $4000 last year and my parents could claim me. So If they claimed me on their taxes, i wouldn't be able to get my tax money back?

The reason for asking this is ...


 Any way to reduce my Self-employment tax that I pay without decreasing my Income?
I know that the Self employment tax is 15.3 percent.I make $70,000 a year, and I'm self employed. I also get a 1099 that states my Income. I did one of those Turbo tax on line calculators and I...


 Is a company suppose to charge you sales tax on your order before delivery charges or after?
I thought sales tax was to cover the cost of items purchased..... wouldnt the delivery charge go on top of the finial sub total?...


 When and what government introduced VAT and what was the percent?
...


 Gas Prices?
Can anyone think of a legal, yet effective, way of showing our disgust with the oil prices? Currently, I'm paying $2.84/gal. This time last month, the price was hovering around $2.25/gal.
...


 Help! Apparently I owe the tax credits people over £4,000?
This is for an overpayment, apparently. They say that I didn't inform them of a change in circumstance, which I did twice. I didn't realise they were overpaying me at all.

They ...


 2008 tax rebate?
Has anyone who is supposed to be getting the tax rebate received theirs yet?? Mine is supposed to be direct deposit but sill notta!!
Additional Details
What the heck everyone seems to ...


 How long does it take for a tax refund check to arrive after it was mailed?
According to IRS, my refund check was mailed to me on Feb. 29. Now, a week later, I still do not have it. How long does it really take?...


 I made approx. 36000 and paid about 7000 in income taxes how much will i get back, i am single with no deducts
i filed 0...


 Why no taxes taken out?
i have been at my current job for over a year and just recently got my w-2 and noticed on there that they did not take any federal or state taxes out so i called the district office where i work and ...


 No NI contributions deducted?
Hi, i have got 3 part time jobs and i don't pay any NI contributions. Is it right? What shall i do?...


 Earned Income credit $2941 in interest income, no credit?
Filing my 2007 return. I only earned $15,300 this year. Have $100,000 in savings that earned me $2941 in interest income. Worked the EIC worksheet and it said I do not qualify for the credit!! Had I ...


 How do i get out of paying capital gains tax?
...


 Is it better to pay the high fees for H&R Block, or file free with the IRS?
I know you probably won't get as much in deductions from the IRS, but in the end which is the better option?...



HelsWigsy
Is an employer allowed to lend money to an employee?
I'm waiting for a mortgage to come through and will need a couple more days to get the money. I am willing to pay a couple of days interest at official rates but just wondered if it was something that was legally allowed in the UK.
                     
 




Chick
yeah it is allowed. although if you get a special rate of interest i.e. below 5%, you would strictly speaking have to declare it on a form P11d. your employer should be able to explain it in more depth.


khuranapvp
It depends upon your relations with the employer, your behaviour, your relaiability and the policy of the employer.


Sunshine
Am not too sure about laws in UK..but I think you could surely ask your employer for a pay advance to help you out. You could ask for a couple of months' salary in advance to help you out. Alternatelyyour employer could lend you money in his personal capacity-not professionally.


Afro
Why not ask him. If he likes and respects you...I'm sure he will help you.


mistymiss
Rating
I did this with a previous employer with no bother. I just signed to say that he could deduct a certain amount each month from my salary, and he did not charge interest.


suerye
There is nothing to stop anyone lending anyone else money - although the lender would want to put tight controls in place to make sure he was repaid.
As an employer, I would want a watertight agreement for the money to be repaid - something which it would possibly take too long to draw up if the money is needed urgently. An alternative might be an advance of salary for this month.


Onestep downfrom God
Rating
Well, who is the employer and who is the employee.
As you mention the official rate, I assume you are a Director of the company, since this is the rate which is deemed to be charged even if you pay a lower rate.
Yes, it is legal, but there are tax consequences if it's a close company loan to director.


DAVID M
yes


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