HMRC Admin 19
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RE; First payment on account for 2023-24
Hi,
When you submit your 2023 to 2024 Self Assessment return you will received a calculation showing the payments on account becoming due 31 January 2025 and 31 July 2025. Once the retun has been filed any previous payments made will be taken into account on your statement and deducted from any payments becoming due.
Thank you. -
RE: HMRC cheque for tax refund
Hi,
You will need to write to us, please include your National Insurance number, your name and your address. You need to include your signature, the date and include the repayment amount and the year the repayment is for. You will need to include the name and address of the nominee to receive the replacement repayment.
The address to send the letter to is:
Pay As You Earn and Self Assessment,
HM Revenue and Customs
BX9 1AS
United Kingdom
The address, if originating from outside the UK is:
HM Revenue & Customs
Benton Park View
Newcastle Upon Tyne
NE98 1ZZ
United Kingdom
Thank you. -
RE: Question about opening ISAs
Hi,
There are 4 different types of ISAs, cash ISA, stocks and shares ISA, innovative finance ISA and the lifetime ISA. You were always able to open up to one of each in a tax year, except for a lifetime ISA, so you could for example, open a cash ISA and a lifetime ISA in the same tax year. You can see guidance here:
Individual Savings Accounts (ISAs)
A new UK ISA with its own allowance of £5000 came into effect from 6 April 2024. This is separate from the £20000 existing allowance.
Thank you. -
RE: Why am I being asked for interest for tax?
Hi,
As we would need to access your record to check why interest has been charged you will need to contact our Self Assessment team.
Self Assessment: general enquiries
Thank you. -
RE: Insurance on Crypto Tax for Non-Resident Foreigner Investing in Crypto via UK Company
Hi,
This may be a charge imposed by the bank rather than HMRC.
Thank you. -
RE: Negative interest on foreign deposit
Hi,
You can refer to the following guidance to see if you meet the conditions:
HS340 Interest and alternative finance payments eligible for relief on qualifying loans and alternative finance arrangements (2024)
Thank you. -
RE: Child benefit charge
Hi,
Once the Self Assessment is processed you will receive a calculation advising of the balance due and for 2023 to 2024 you have up to 31 January 2025 to pay the balance.
Thank you. -
RE: U1 Form
Hi,
Sorry, we can only answer HMRC questions on this forum.
Thank you. -
RE: CIS paid to wrong business account by contractor
Hi,
Generally spreaking, as the CIS deductions relate to the limited company, the CIS suffered should not have been recorded on the Self Assessment return. An Employer Payment Summary (EPS) should be submitted via the limited company payroll to report the deductions suffered.
If a CIS repayment is then due, you may be asked to send the payment and deduction slips alongside bank statements so the amount can be verified.
With regards to the individual tax calculations you would need to contact our Self Assessment team.
Self Assessment: general enquiries
Thank you. -
RE: Adjusted net income - pension contribution - under £100k
Hi,
The grossed up figure for the pension if a higher rate tax payer and outside Scotland would be the net figure x 1.25, so if £8951 grossed up figure £11188.75.
Thank you.