HMRC Admin 19 Response
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RE: Personal Savings Allowance and Interest rate on savings
Hi,
Yes, the savings income will be included when calculating the gross income.
Thank you. -
RE: Reducing Payment on Account due to PAYE work
Hi,
If you think your balance for the next tax year will be less than the payments on account then, yes, you can reduce them. You will need to include both your employed and self employed income when you calculate your balance. You can see information on payments on account here:
Payments on account
Thank you. -
RE: Non UK resident paid by UK company
Hi,
You can see guidance here:
Tax on your UK income if you live abroad
Where the money is paid to is between you and the employer.
Thank you. -
RE: Pension income from overseas pension scheme received outside the UK
Hi,
You are correct, the pension should not be included within the foreign section. They should however make reference to it at the comments section of the return.
Thank you. -
RE: In specie transfer of shares to my wife
Hi,
A gain will only arise if, or when the shares are sold and there is an increase in value. Transfers between spouses are not liable to CGT at the time of transfer.
Thank you. -
RE: Self Assessment Not Updated After Repaying Student Loans
Hi,
You and your wife will need to amend your Self Assessment returns, and update them to confirm that no student loan repayments are required for 2023 to 2024, as you have paid them in full. If you require help doing this, please contact our Self Assessment team for advice.
Self Assessment: general enquiries
Thank you. -
RE: Masters' Students Working Hours and Tax Process
Hi,
To confirm that we have the right employments on your record, and if your record needs to be updated, you will need to contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: Starting Rate for Saves and interaction with PSA
Hi,
If your non savings income does not exceed £12,570, you will receive the full personal savings allowance of £1000 and Starting Rate for Savings of £5000 for your savings interest. You can see guidance here:
Tax on savings interest
Thank you. -
RE: Student loan repayment
Hi,
Please can you confirm which box you referring to. Alternatively, you can contact our Self Assessment team for advice.
Self Assessment: general enquiries
Thank you. -
RE: How to claim a tax refund for deceased person
Hi,
To confirm if a repayment is due and how to refund this to you, we would need to review your mother's record. To allow us to do this, please contact our Income Tax team.
Income Tax: general enquiries
Thank you.