HMRC Admin 5 Response

Hi TaxNewbie2024

You would first check with your pension company to tell them and they may issue the charge.if not, you will need to write in with details to HMRC.

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Hi 

Where the EIS claim exceeds £33333.00 @ 30% = £10000, then the criteria for a self assessment tax return is met.  You will need to claim the tax relief by registering for self assessment and submitting a tax return.  
You can register for self assessment at Check how to register for Self Assessment.

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Hi Antony Jenkins

The thresholds each year, are the lower of your combined employment/self employment income and £40000.  
In 21/22 you exceeded this threshold, so there is no surplus to carry forward.  In 22/23 your threshold is £16K, so there is no surplus allowance and in 23/24 there is no surplus allowance, as the maximum allowed is £15k.  
Have a look at Check if you have unused annual allowances on your pension savings.

Thank you
 

Hi Iris Chan

You would send details in writing by post to HMRC PAYE & Self Assessment BX9 1AS

Thank you

Hi db2024 tax

The P85 can be used to claim a repayment of tax, where we are not expecting a tax return at the end of the year.  As you are completing a self assessment tax return, you would still use the same employment figure on the P45/P60 and include a freehand note to confirm that you are leaving / have left the UK.

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Hi pijin4


You cannot use the PPDCGT online service, because this service is only for UK residential property. The RTTCGT service is for other types of capital gains that are not residential property, such as shares, jewellery etc as mentioned in your questions.  
Where there is a foreign capital gain, it can only be declared in a Self Assessment tax return.

Thank you

Hi

Yes you will be able to open more than 1 cash ISA from 6/4/24. However, the same limit of £20,000 investment applies over the tax year no matter how many you open.

Thank you

Hi D8Jgcdk

We can only advise you of the guidance.  It is up to you to review the guidance and make an informed decision.  
If you are unable to reach a decision, you may need to consider seeking professional advice for the answer you seek.

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Hi Chansir2021

The log that you keep would be the first evidence to supply. if you were selected for a review and that information was not sufficient, you would be advised at that point exactly the information that was then required.

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Hi

You may want evidence that it is a gift to support any CGT valuations that may occur.

Thanks