HMRC Admin 19 Response
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RE: Inheritance Tax - normal expenditure out of income.
Hi Victoria Lait,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you. -
RE: Self Assessement needed?
Hi,
You can check here if you need to submit a tax return.
Check if you need to send a Self Assessment tax return
Thank you. -
RE: Advice on Self Assessment on < £1000 secondary income?
Hi,
You can check here if you need to submit a tax return.
Check if you need to send a Self Assessment tax return
Thank you. -
RE: Income tax return cheque
Hi,
The cheque is valid for 6 months from the issue date. You will need to contact us to arrange for a replacement.
Contact HMRC
Thank you. -
RE: How to pay for missing National Insurance Years
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RE: Gifting part of a house
Hi,
You can see guidance here:
Rules on giving gifts
If you have any further queries you will need to contact our Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Compulsory bonuses and Salary Sacrificing
Hi,
Where a salary sacrifice is in place, the worker no longer has entitlement to that amount of pay under their contract. Therefore, their pay for minimum wage purposes is reduced accordingly.
For more information on salary sacrifice arrangements, please refer to the guidance here:
Salary sacrifice
Most of an annual bonus received in a pay reference period will count towards the minimum wage only in that period. However, a proportion of the bonus can count towards the pay received in the previous pay reference period.
For more information on pay counted during a pay reference period for minimum wage purposes, please refer to the guidance below:
Pay counted during a pay reference period for the purposes of the minimum wage
Thank you.
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RE: Gifts out of surplus income
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Partnership Name Change
Hi,
The name of the business will only change if the Corporation Tax Department has also been informed of the change and if it has the VAT system should update within 15 working days.
If you have updated Corporation Tax and 15 working days has passed then we will need to complete an internal referral to resolve this. If this is the case, then please contact our VAT team:
VAT: general enquiries
Thank you.