HMRC Admin 20
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RE: Switzerland - UK Personal Income Tax (UK salary taxed in the UK)
Hi milju,
If you continue to be employed by a UK employer, while resident in Switzerland (or any other country for that matter) you should complete online form P85, to report that you have left the UK.
You also have the added benefit of confirming that you continue to be employed by a UK employer.
This will allow HMRC to advise your employer to stop deducting income tax from your earnings, as your earnings will be taxable in Switzerland.
Get your Income Tax right if you're leaving the UK (P85)
Thank you. -
RE: Second job tax
Hi Anastasiya Komarova,
With the higher rate tax threshold being £50,000, some of the income at your second job will be liable for 20% tax, and some will be liable for 40% tax.
This can be tricky for the code used at a secondary employment to work out, so the tax due at 40% at your second job is actually collected through your first job.
This is done by reducing your tax free allowances, via an 'Adjustment to Rate Band'.
To confirm if the adjustment made to your primary code is correct, contact us by webchat or phone via Income Tax: general enquiries.
Thank you. -
RE: i require a copy of my PAYE Coding Notice (P2) for 6 April 2022 to 5 April 2023
Hi John Madden,
You can check your current year tax code via your Personal Tax Account, on gov.uk.
For years prior to 23/24, you can check your code via the P2 notifications issued to you by HMRC.
If you do not have access to your P2 documents, contact us by webchat or phone via Income Tax: general enquiries , and we can advise your further.
Thank you. -
RE: CGT on Furnished Holiday Let
Hi DougBT Walker,
If you’re tenants in common, each owner has a distinct share in the property, which doesn’t automatically go to the surviving owner.
Instead, the deceased’s share will be distributed according to their will or the rules of intestacy if there’s no will.
As the deceased's share of the property was bequeathed to the daughter, the deceased's estate would be liable to capital gains tax on his share of the market value up to the date of death, minus his share of the acquisition costs and the daughter liable to capital gains from the date of inheritance to the date of disposal.
Mrs X would be liable to capital gains based on her share of the acquistion cost and her share of the disposal value. There would be 3 capital gains calculations.
Thank you. -
RE: Employer's Wage declaration
Hi Paulo Dias,
Ask you employer to contact our Employer's Helpline on 0300 200 3200 for advice on rectifying this for you.
If they are unwilling to do so, you can send the documentation you wish to provide to
Pay As You Earn and Self Assessment,
HM Revenue and Customs,
BX9 1AS,
United Kingdom.
Alternatively, you can contact us by webchat via Income Tax: general enquiries
Thank you. -
RE: Payments on Account
Hi John,
For advice on repaying an established payment plan early, contact us by webchat or phone via Payment problems.
Thank you. -
RE: Trading listed shares or securities
Hi Nella,
In year capital losses are automatically used against any in year capital gains even if it means you lose out on the annual exempt amount.
Thank you. -
RE: Self-Assessment for saving interest.
Hi Pik yu Chiang,
If you have foreign interest over £2000 then you need to complete the SA106 foreign income page.
If not you can include it on the SA100. There are separate boxes to show UK interest and foreign interest.
Thank you. -
RE: Capital gains tax - divorce
Hi Nuno Raposo,
You would need to discuss this with a solicitor or financial advisor.
Thank you. -
RE: Pension contributions and tax relief
Hi Davemoo,
You do not show this in the actual tax return. you only declare any excess that you need to pay - HS345 Pension savings — tax charges (2023)
Thank you.