chankie c
Joined: 6/6/2024
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£30k Redundancy Tax Free Allowance
Should the £30k tax free portion be included within taxable income? eg If Redundancy was £35k and all other Income to that point was £70k, -> A. is the taxable income £105k (70k+35k) where it is all included? -> B. is the taxable income £75k (70k+5k) where the £30k tax free portion has been ignored? Situation B would mean the person would still be eligible for tax free childcare as thier taxable income is under £100k? -
Paper Self Assessment -
If a paper self assessment is completed eg UK non Resident not using commercial software - How is the tax due calculated? Will HMRC review the form , to be received before 31 Oct, and then send a letter with the tax amount? What are the typical timescales from receipt of paper submission to tax letter with amount sent out? Thanks