HMRC Admin 5 Response

Hi

Yes you can. you will need to send in an amendment to the year concerned and provide evidence of the clawback request.

Thank you

Hi

If you're taxed over the allowances threshold at your main employment, you'll pay a flat rate of 20% tax at your new, secondary employment (or 40%, if your combined income takes you into the higher rate of tax).
This will be paid directly to us by your secondary employer, as they should operate a tax code of BR.

Thank you

Hi

You need to sell the shares in order to move them to your stocks and shares ISA and then use the funds to buy the sahres back.
The selling of the shares is what triggers any potential gain and the moving of them to the ISA then cancels this - this is only up to the £20k maximum for  the investment to an ISA.

Thank you

Hi Dragan

You can use any of them as long as they are within the tax year and they dont have to be the same.

Thank you
 

Hi

HMRC cannot advise you on that as you would need to check with the country the income is from to ascertain how the refud has been split in relation to the tax deducted.
For the 2nd question, you would need to clarify what the other foreign income actually is.

Thank you

Hi

The additional £142.72 may be due for something beyond HICBC - a deduction not included in your previous codes, for example, or a shortfall in tax from earlier in the year.
To allow us to confirm the reason for this addition, please contact us by phone or webchat via Income Tax: general enquiries 

Thank you

Hi

No - you can write in or telephone to ask for a letterto be issued to confirm.

Thank you

Hi

When HMRC receives your untaxed interest details for the 2023/24 tax year from the bank and building societies we would then review your record.
Any underpayment of tax would be then collected in the 2025/26 tax code. Your 2024/25 tax code would be updated to include the savings income from 2023/24 as an estimate.
If your savings income has changed you can contact HMRC with the estimated details and we would amend your tax code.
If you do not want to have the underpayment collected in your tax code then you can make a payment using your personal tax account instead.
It would be a similar situation regarding your dividend income.
If you do not want the savings income or dividend income included in your tax code then you would need to register for Self Assessment and complete a tax return at the end of each tax year.
You can register at Register for Self Assessment if you are not self-employed

Thank you

 

Hi

If you are both registered as foster carers, yes you need to split everything. Please see guidance at Qualifying care relief for carers (Self Assessment helpsheet HS236)
You may therefore need to revisit the information you submitted for previous years.

Thank you