Sabrina
Joined: 10/2/2023
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File Tax Returns? | PAYE tax system - 1257L | Gift/Savings (Tax previously)
Hello HMRC Admin, I am a BNO Visa holder, and I started my Full Time Perm Job since this April 2023. I selected PAYE to pay my tax and my employer has placed me on 1257L (**NOTE: there is no W1/M1/X after this code). I suppose because I am NEW employee and this is my 1st UK job. May I inquire whether I need to file for tax returns? Also, whether I should change my tax code from 1257L to something else for next fiscal? When should I inform the change to my HMRC and my employer? For the gift savings that I transferred during this fiscal period, do I still need to file in despite it has been taxed in my home country? Would I be taxed again for this? Is there a limit and time restriction? Thank you for your help. Cheers,
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