HMRC Admin 20 Response

Hi,
We cannot advise you of this.  This is something you will need to take up with your ISA providers.
Thank you.

Hi,
For the best advice here, please contact our Child Benefit department directly by webchat or phone, via Child Benefit: general enquiries.
Thank you.

Hi,
Tax due on 31st January 2025 comprises your balancing payment for 23/24, and your first Payment on Account for 24/25.
Your balancing payment for 23/24 is the tax owed on income earned between April 2023 and April 2024 - Pay As You Earn taxpayers pay this tax immediately, at the end of each month. Through Self Assessment, you have an additional 9 months to pay tax owed for 23/24.
Your first Payment on Account for 24/25 is a prediction of the tax you owe between  April 2024 and October 2024 - by requesting this by 31st of January 2025, you have an additional 3 months to pay this predicted amount, or amend your Payments on Account based on the amount you expect to owe for the year.
Filing you tax return as soon as the tax year is over is the easiest way to avoid confusion over what is owed, and for what period.
Thank you.

Hi,
If you do not pay tax on the income you receive at your new employment, this would fall under Self Employment, and you would have to declare the income earned, and pay tax on that income, by filing a Self Assessment tax return.
If your new employment is with a PAYE employer, and that employer deducts tax from your income before you receive that income, you would not need a Self Assessment return.
Please note, if you have to complete a tax return for Self Employment purposes, any taxed PAYE income for that year must be declared on that tax return.x
Thank you.
 

Hi Caroline,
The relevant instruction in the CG manual that covers this is:-
CG78310 - Foreign currency: assets acquired or sold for currency
I cannot find anything else in our guidance that mentions exactly what you have quoted, so I assume that is something external.  The basic guidance when selling a property on gov.uk has a section on disposal of foreign property
Tax when you sell property and that just says any such gain is computed as normal unless the customer is non-dom, which you have not indicated you are, neither have you said it was at anytime your only or main residence.
So, as per the guidance at CG78310, the acquisition cost of each share in the property would be the sterling equivalent of the relevant currency at the time of acquisition.
For example, and just using the dates and figures quoted and assuming a 50% share each, the your mother's acquisition cost would be the sterling equivalent of 250/2 = 125k French Francs at her date of acquisition in 1989. Tour acquisition cost would be the sterling equivalent of 24k Euros at the date you inherited your share of the property in 2002.
The consideration for disposal for each of you would be the sterling equivalent of 42.5k euros each at the date of disposal in 2024.
Likewise, any incidental costs of acquisition or disposal and any enhancement expenditure that is still reflected in the value of the property on disposal would be computed at the relevant sterling equivalent rate of the foreign currency at the time of the expenditure.
Thank you.

Hi,
You can request for the 22/23 itr to be withdrawn - Self Assessment tax returns If you no longer need to send a tax return
Thank you.

Hi,
The £50270 is the threshold for higher rate tax if not in Scotland.
The scotttish rates can be found at Income Tax in Scotland .
Detail of claiming pension relief at Tax on your private pension contributions
Thank you.

Hi,
You should be able to set up a payroll and PAYE scheme to employe this person.
Please see Get your business ready to employ staff: step by step re this.
Thank you.

Hi, 
If you have reclaimed it through your payroll then you can just send in and EPS for the previous year to correct the amounts.
Thank you.

Hi,
An FPS amendment should update within 72 hours, however as this is to do with the employees personal record and you are confident you have done everything required as employer, we would recommend the individual contacts personal tax re this. Its important that they state that the employer has sent the amendment to HMRC and it has updated on the system and that this is an issue with their individual record.
Thank you.