HMRC Admin 19 Response
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RE: Pension Tax Relief - one-off contribution to company pension scheme
Hi,
Yes, in this case you would write to HMRC with evidence of the payments to review. You do not need to wait for the tax year to end.
Thank you. -
RE: BIK for Car Use
Hi,
You will need to contact our Income Tax team with the details of the agreement for the company car for advice.
Income Tax: general enquiries
Thank you. -
RE: Bonus Clawback
Hi,
You declare negative earnings on the employment page SA102. The Self Assessment guidance advises, If you’ve had to pay back money to your employer due to a contractual agreement (often known as claw back), reduce the amount of pay in box 1 by the amount paid back. If the result is a negative amount, enter zero in box 1. Include the negative amount, but as a positive figure, in the ‘Post-cessation trade relief and certain other losses’ box, box 6 in the ‘Other Tax Reliefs’ section on page Ai2 of the Additional information page (SA101). Enter a note to explain why you have done this in box 19 ‘Any other information’ on the SA100. You can see the guidance here:
Employment notes
Thank you.
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RE: Self Assessment Penalty
Hi chrisferres,
You will need to contact our Self Assessment team so we can confirm the closure of your record, and give advice on the penalty received.
Self Assessment: general enquiries
Thank you. -
RE: It says my personal allowance is £12,570 yet I’m still getting taxed and my tax code is 740tx?
Hi,
A 't' suffix in your code means that it includes other calculations to work out your Personal Allowance. To fully explain your code, and amend it if necessary, you will need to contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: Cash gift from abroad
Hi Andrew Skinner,
There are no Income Tax implications from transferring your inheritance to the UK, as this is not income. Any interest that your inheritance generates is taxable and should be declared.
Thank you.
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RE: P85 for two jobs
Hi,
You can declare more than one employment when completing the online P85 form.
Thank you. -
RE: Capital gain tax liability moving SAYE proceeds to Flexible Shares ISA
Hi,
If you do not transfer your shares to a pension immediately when the scheme ends, you can still transfer them up to 90 days later. You may have to pay Capital Gains Tax if they go up in value between when you buy them and when you transfer them.
Your ISA provider will need to agree to the transfer of shares. They will count towards your £20000 limit and cannot be in addition to the £20000 limit. You can see guidance here:
Tax and Employee Share Schemes
Thank you. -
RE: Cannot verify my identity - what can I do?
Hi Sanz M,
We are sorry with the delay in updating your details. To review this, you will need to contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: Adjusted net income / payrolled BIK
Hi,
As payrolled benefits in kind would already have been factored into your income, these would not be added to your overall taxable income.
Thank you.