HMRC Admin 5 Response

Hi JT

The taxable figure on the P60 is the one submitted to HMRC. If that is below £100,000 you will not be required to complete a Self Assessment.

Please note that if you have any employment benefits these need to be added to the pay figure.

Thank you.

Hi,

We can't give a timescale for this as it depends on a number of factors.

Thank you.

Hi MaryanneR98

You can split your tax allowance between the two jobs.

You can do this through the Personal Tax account and you can update the estimated earnings from each job and we can issue codes to split the allowance.

Thank you.

 Hi Pleasehelp Me,


You are liable to tax on the interest that has been generated on the account.

Whilst he captital itself has fluctuated due to conversions rate, you have received a benefit by way of earning interest in the account and this  is taxable income.

Whether tax is actually due or not is dpendant on the amount received and your overall level of income.

Thank you.
 

Hi Tilly,

If you claim the property trading allowance, all other expenses boxes should be left blank.

Thank you.

Hi kcchung chung

If you qualify for split year then you only report any foreign income for the UK part of the year please see RDRM12000 - Residence: The SRT: Split year treatment: Contents

If you do not qualify then you will need to report all your foreign income to the UK, see guidance here Tax on foreign income

The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies.

Thank you.
 

CLM84

If you have signed up for the Personal Tax Account, you can update the estimate of your earnings and if a new tax code is required one will be automatically issued.

Thank you.

Hi McPhee Elaiho,

We only deal with Income Tax queries on this forum. 

You can find information regards your query here View and prove your immigration status: get a share code

Thank you.