HMRC Admin 20 Response

Hi,
The arrangement where Class 2 was ‘deemed as paid’ only came into effect from 22/23 year so if you had high Class 4 payments we would need to know which years and also that you were correctly registered to pay Class 2 via National Insurance.  
We suggest call to check their account, National Insurance: general enquiries
Thank you.

Hi Stacey,
Please refer to the following link: Child Benefit: general enquiries 
Thank you.

Hi,
Please refer to guidance at Claim tax relief for your job expenses
Thank you.

Hi,
If a company pays out cash dividends to shareholders and they use that cash to buy additional shares (in other words, they reinvest the dividends themselves – the company does not automatically reinvest the dividends on their behalf), that shareholder will owe income tax on the dividend payments made in the year they are received – just as if they were taken as cash and never reinvested. 
If, however, the company reinvests the dividends by using them to purchase additional shares on a shareholders’ behalf through a dividend reinvestment plan (DRIP) (the company reinvests the shares automatically, without the shareholder having to do a thing or ever receiving the dividends physically themselves), that shareholder does not pay income tax on the reinvested dividends until they eventually sell the shares. At the point of selling the shares, capital gains tax would apply on any increase in share value since the reinvestment occurred.  
Thank you.

Hi, Dendroica,
You do not deduct from the self employed profits, as this is not an expense of your business.  
It is only after your net profit is calculated that the pension payment can be declared in box 3 on page TR4.
Thank you.

Hi Cornelia59 Silson,
Please see guidance here:-   Tax when you sell your home Private Residence Relief
Thank you.

 

Hi 613TX,
If you invest £20,000 in the  tax year, 6 April 24 to 5 April 2025 you will need to wait until the next tax year 6 Arril 2025 to 5 April 2026 to invest a further £20,000 in any ISA account.  
Please have a look at the guidance on ISAs here: Individual Savings Accounts (ISAs)
Thank you.

 

Hi,
HMRC cannot give clearance before a gain is declared.
I can only signpost you to the guidance at CG15120 which is limited to the four categories for expenditure allowable under TCGA92/S38 and no other expenditure is allowable unless specifically provided for by TCGA92/S38.
CG15250 covers incidental costs of acquisition and disposal which are allowable and regarding your question, only fees, commission or remuneration paid for the professional services of any surveyor, valuer, auctioneer, accountant, agent or legal adviser are allowable.
It is important to remember that the taxation of capital gains is concerned with the gain on the disposal of assets and not the finance costs connected to the transaction.
The expenses you describe does not appear to meet any of the examples listed at CG15250 but under self assessment principles it is your responsibility to make the final decision based on the available guidance. 
Thank you.

Hi,
When you make your payment of voluntary National Insurance contributions, please allow 10 working days for your payment to be recorded on your
National Insurance account and then call our National Insurance Helpline 0300 200 3500 (from the UK) or +44 191 203 7010 (from overseas) and let
them know what tax years that you’d like your payment to go to.
Thank you.

Hi,
We are sorry to hear you are having issues filing online.
Unfortunately we do not have access to your records on this forum.
For assistance you would need to contact the online helpdesk: Technical support with HMRC online services
Thank you.