Raymond_34 Mond

I completed my self-assessment by 30th December 2024 and opted for HMRC to collect the tax I owe through my PAYE tax code for the period from 6th April 2025 to 5th April 2026. I can confirm I meet the requirements for this option: -I owe less than £3,000 on my tax bill. -I already pay tax through PAYE. -I submitted my online tax return by 30th December. Could you please clarify the following: 1. How can I confirm that this selection has been accepted, and that the outstanding tax amount will be collected through my PAYE tax code for 2025/26? Will I receive any notification? 2. If this option is approved, will I receive another new Self Assessment Statement (SA300) for 1st January 2025 reflect that only the "1st Payment on Account" is due, with no need to pay for "Balancing Payment"? 3. If the option is rejected, will I be notified?

Hello, I have been claiming the Marriage Allowance in the past. In this tax year, both my spouse and I have had a change in our income situation, and both of our incomes are now higher than the Personal Allowance, which is GBP 12,570. I understand that if I do not cancel the Marriage Allowance, the total tax amount for both of us will remain unchanged. However, I would like to ask: Am I required to cancel the Marriage Allowance, or can I choose to keep it?

Hello, I have been claiming the Marriage Allowance in the past. However, in the current tax year, the income situation for both my spouse and me has changed, and our incomes are now both above the Personal Allowance of GBP 12,570. Therefore, I would like to cancel the Marriage Allowance for this tax year. I would like to ask, if I cancel the Marriage Allowance for this tax year, would I be able to claim it again in the future if our income situation changes?

During the 2023-2024 fiscal year, I have been working full-time and getting paid weekly. A portion of my weekly income is deducted for National Insurance (NI) contributions. According to the guidelines for Class 1 contributions, earnings between £242 and £967 per week from one job are subject to an 8% NI contribution. However, I am employed by an agency and, despite receiving weekly pay, I do not always have work every week. This means there are some weeks without income and, consequently, no NI contributions. Could you please clarify if this situation will affect my ability to achieve a full year’s record for NI contributions? Thank you.

Hello. I immigrated to the UK in November 2023. It was only four months after arriving in the UK, in March 2024, that I sold my residential property in Hong Kong. After checking the Statutory Residence Test (SRT), I found that I am not considered a UK resident for the tax year 2023 to 2024. So, I'm wondering if I need to report the sale of my overseas residential property to HMRC? Do I need to pay Capital Gains Tax on it?