HMRC Admin 20 Response

Hi,
The date 30 October 2024 falls in the tax year 2024 to 2025.  
Any  disposals of assets other than residential property and Carried Interest that occur before that date, inlcuding previous tax years, will be chargeable to capital gains tax at 10% and 20%. Any disposals arising on or after 30 october 2024 will be taxed at the new rates from that date.  
The main rates of CGT that apply to assets other than residential property and Carried Interest will change from 10% and 20% to 18% and 24% respectively.
Thank you.

Hi taruffi,
It sounds like you are planning to sell his personal possessions you have collected over the years. 
Personal possessions and Capital Gains Tax 2024 (HS293)
If what you are doing amounts to trading as a business then it could be an income tax situation but you would need to see if the badges of trade are met.
Business Income Manual BIM20200 - Meaning of trade: badges of trade
Thank you.

Hi,
Please contact our helpline on 0300 200 3300 or contact our webchat facility at Contact HMRC to progress chase your repayment claim.
Thank you.

Hi,
Please have a look at the guidance at Business records if you're self-employed.  
You may find there are commerical sofware packages out there, to manage your business accounts, stock contol etc.  
To remain impartial, we cannot suggest any products which you can use for this purpose.  
Please also have a look at Expenses if you're self-employed.
Thank you.

Hi,
Employers contribution to a UK registered pension scheme - is not a benefit in kind and will not go on the P11D.
It needs to be report to the pension scheme as a employers contribution, not a personal contribution.
You need to contact the pension scheme for how they want you to report it to them.
Thank you.

Hi,
As long as the Manger is not a Director of the company - then yes see here for more information:-  Employment Allowance
Thank you.

Hi,
If there has been a change of company then you need a new PAYE scheme - pleses call Employers helpline for support on 0300 200 3200.
Thank you.

Hi,
Your aquistion cost will be your share of the probate value from your mother's will, plus the probate value of your share from your sister's will, plus the value of the share to buy out your brother.  
You can claim private residence relief for the period that the property was your main home, have a look at helpsshett HS283 (HS283 Private Residence Relief (2024)).  
There is a capital gains calculator at Tax when you sell property, which link in to registering, reporting and paying the capital gains tax online.
Thank you.

Hi,
We would need to access the record to check why the notice to file a Self Assessment tax return was issued.
Contact HMRC at Self Assessment: general enquiries.
You can also check the Self Assessment criteria at Check if you need to send a Self Assessment tax return
Thank you.

Hi Brummie Slade,
Please move to NIC forum re thread Paying Class 2 contributions methods
Thank you.