HMRC Admin 20 Response
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RE: IP special procedure/postponed VAT
Hi,
You need to contact the supervising office of the authorisation to request an amendment and adjust under/over payment on VAT returns.
You can find the contact details of the supervising office on the authorisation letter which was issued to when it was granted.
Thank you. -
RE: Corporation Tax for a dissolved company
Hi,
If the company has been dissolved at Companies House, there will be no filing requirement for a CT600 Corporation Tax return.
Dissolved companies no longer have any filing obligations as the company record will no longer exist.
Thank you. -
RE: R&D claim delays
Hi ibrahimmomo,
As you may already be aware RDTC claim submitted less than 40 days ago or an RDEC claim submitted less than 60 days ago we will be unable to respond to your email.
For any cases which go beyond this timescale, you will need to contact via email to rd.incentivesreliefs@hmrc.gov.uk to progress chase your case.
This can only be progress chased via email, you will need to contact the mailbox and advise attempted multiple contacts but no progress on your claim.
If your R&D claim is for RDEE (Enhanced expenditure) only and out of timescale, this can be progressed chase via the Corporation Tax helpline and escalated to a technical officer to review. However, this does not include RDTC or RDEC.
If this is a holding letter response from our WMBC department, you will need to follow any instructions or details to get in contact with them.
Thank you. -
RE: Limited company operating through a separate current account
Hi law88mph,
It is a legal requirement that a limited company has its own business bank account.
This is because the company is its own legal entity with its own obligations and finances.
Personal bank accounts typically have terms and conditions that prohibit their use for business purposes.
Violating these can lead to the account being closed by the bank.
If your bank discovers you're using a personal account for business purposes, they can close your account.
You might face audits, penalties, or interest on unpaid taxes if HMRC deems your tax filings inaccurate due to mixed finances.
For further advice it is recommended you speak to an accountant or your bank.
Thank you. -
RE: Company buying a property
Hi,
Thank you for your query regarding benefits for living accommodation, information can be found at:-
Company provided living accommodation (480: Chapter 21)
and
HS202 Living accommodation (2022)
if you require further advice on this matter, please seek professional help through a financial advisor or accountant.
Thank you. -
RE: Request P60?
Hi Chris J,
PAYE only hold Pay & Tax information for the last 5 years, but the National Insurance hold details for longer,
please see Request your employment history from National Insurance records
Thank you. -
RE: Employer imposed Benefit in Kind after termination
Hi,
If you have a dispute with your previous employer regarding a incorrectly filed BIK notification that they are unwilling/unable to resolve with yourself direct,
then you should visit ACAS
Thank you. -
RE: How much tax will I pay on both roles and what should the tax codes be?
Hi,
The personal alllowance for the year is 12570(1257L) tax free, the next 1- 37700(does not included scotland) will be liable to tax at 20%(BR).
This would mean any income over 50270 would then be liable at 40%(does not included scotland) , based on the figures you have advised your combined income at
both sources will be 66450 so this would mean your earnings at your second job(15k) would be liable at 40%.
The tax code that should be in place at this source would be D0, once your new employment starts you should contact the helpline to advise of your income so we can make sure that the correct code is operated.
Income Tax: general enquiries
Thank you. -
RE: Minus PAYE in final payslip
Hi Htoo Aung,
Did you notice if your tax code was different on your new job compared to yoru previous one?
As it maybe you have been put on a incorrect code possibly BR?
The standard tax code for most people is 1257L .
If you have recieveed your P45 from your first employment and not yet given this to your new job, please do this first, if you have already done this
and it has been over 4wks please contact our helpine and we can see what records we hold
Income Tax: general enquiries
Thank you. -
RE: Part time second job tax
Hi lennyfou,
The personal alllowance for the year is 12570(1257L) tax free, the next 1- 37700(does not included scotland) will be liable to tax at 20%(BR).
This would mean any income over 50270 would then be liable at 40%(does not included scotland), based on the figures you have advised your combined income at both sources will be 57000 so ths would mean 6730 would be liabe at 40% which currently is not being collected due to both sources indvdually not reaching this.
You have advised that these employments only started mid tax year, so you may not reach the 50270 level this tax year which will mean the current tax codes possibly will collect the correct tax, but from April 2025 onwards you may need an adjustment to your code to take account of your income at higher rate.
This can be done via your tax account to advise of your income figures or you can contact our helpline who will be able to assist
Income Tax: general enquiries
Thank you.