HMRC Admin 19 Response

Hi,

It is your salary at the end of the year and this will be on your P60.

Thank you.

Hi,

You will need to contact our Income Tax team to review this. 

Income Tax: general enquiries

Thank you. 

Hi,

As we would need to access your records to check which tax years are covered by the assignment, you will need to contact our Income Tax team for advice:

Income Tax: general enquiries

Thank you.

Hi,

If the disposal value of the shares was £50000 or more, then yes, it must be declared in your tax return, whether a gain arises or not. If it is less than £50000, you do not need to report it in your tax return, as your annual exempt allowance covers any gain.

Thank you.

Hi,

Once filed it takes up to 3 working days to process on to your records. If it is not yet shown, you will need to contact our Self Assessment team to review.

Self Assessment: general enquiries

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Hi,

The month 1 basis would have stopped at the end of the 2023 to 2024 tax year. If the employer has not yet changed it, you will need to contact our Income Tax team so we can issue another code to the employer to confirm to no longer use the month 1 code.

Income Tax: general enquiries

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Hi,

You would pay tax on earnings over your Personal Allowance threshold. If you are not using all of your Personal Allowance at your first job then the remaining allowance can be allocated to the second job. 

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Hi,

If you have an overpayment of tax through Self Assessment, you can claim this through your personal tax aAccount. If you would like to check the progress of your repayment claim, you will need to contact our Self Assessment team.

Self Assessment: general enquiries

Thank you.

Hi,

For advice on this matter, you will need to contact the Inheritance Tax team.

Inheritance Tax: general enquiries

Thank you.

Hi,

We need to be aware of the capital loss within 4 years of it arising in order for it to be used. If the assets sold that generated the loss in 2021 to 2022 was more than £49200 then a tax return is required. If not, you can send a letter giving a calculation on how you arrived at your figures. This should be sent to:

HMRC,
PAYE & Self Assessment,
BX9 1AS

Thank you.