How can i avoid being taxed so much.?

Question

i have been working contract at same location same employer for over two years. i used to claim tax exclusion from expenses for accomodation travel etc but after two years i cannot claim anymore. is there any way to avoid being taxed so much.

Answer 1

you and everyone else mate.  we get taxed an abomination in this country

Answer 2

You could set yourself up as a limited company.  You don't pay any tax up front and you will be able to reclaim any expenses you incur that mean you can undertake your work, but you will have quite a large tax bill at the end of the year which you will be required to settle.  Remember to register yourself as VAT registered if billing more than £65k per year and the work you undertake is vatable.

That is, of course, if your employer will allow you to do it this way.

Answer 3

Arrange with your employer to be paid in cash.

Answer 4

there is no avoiding it we get taxed on everything. Do what the rest of us do and deal with it.

Answer 5

Don't get paid so much.

Answer 6

invest in funds or get some policy in ur name

and show it as Tax declaration

i think u shd consult a CA from accounts dept

he is the best person to help u

- hope my answer helped u

-cheers

Answer 7

give more to charity, earn less, quit working, go to the states and collect welfare.

Stop complaining and think about how fortunate you are to have a job.

Answer 8

Looks like you have breached the 2 year rule for temporary workplaces and you can no longer claim travel expenses against your income.

Only way to combat this is to get a new contract at a different location!

Answer 9

no one can avoid taxes legally

Answer 10

I, too, was going to advise you not too earn so much, but that doesn't work any more.

Answer 11

Quit working is probably the only way.