HMRC Admin 20 Response

Hi AAlistair,
The banks and buliding societies send HMRC the untaxed interest details at the tax year end.
Once received HMRC will review the record and if underpaid in tax you will be sent a calculaltion with the details.
The underpayment will normally be collected in the follwing tax years tax code so collected over 12 months. 
Thank you.

Hi TaxableNovice,
Yes that would correct based on those figures.
Detials on adjusted net income can be found at:- Personal Allowances: adjusted net income
Thank you.

Hi Katcarter99,
If you are the higher earner and your income is over £50K then it would be you that completes the Self Assessment tax return for the higher income child benefit charge, HICBC.
If not already registered you can register online Register for Self Assessment if you are not self-employed
Thank you.

Hi Nitin Bhatia,
If you are due a bonus each year then you would need to include an estimate for this when you update your salary details to enable the correct tax to be deducted.
Thank you.

Hi Mike,
The 60K threshold for higher income child benefit charge, HICBC, does not start until the 2024/25 tax year.
If your income is above £50K for 2023/24 and you are the higher earner then you will need to complete a Self Assessment tax return to calculate and pay the charge due.
If not yet registered you can register online at Register for Self Assessment if you are not self-employed
Thank you.

Hi MillyIlo,
You will need to contact HMRC to review/update your tax code Income Tax: general enquiries
Thank you.

Hi Lamprey Smith,
I am sorry you will need to contact HMRC direct to review Income Tax: general enquiries
Thank you.

Hi Liba2569,
You will need to contact HMRC to check the underpayment Income Tax: general enquiries
Thank you.

Hi Dstpatrick,
You would need to provide evidence to confirm the type of account and that interest is only due on maturity.
Send this to
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.

Hi SachiP,
Yes the gross figures is the conotribution plus 20% relief.
If you submit your letter in March for 2023/24 it will be too late to adjust your 2023/24 tax code.
If in Self Assessment you can make the claim when you submit your 2023/24 tax return. 
Thank you.