HMRC Admin 25

Hi Muhammad Raza,

You will need to contact our helpline to discuss this further. 

Self Assessment: general enquiries

Thank you. 

Hi Teresa Perez Y Landaz,

You will need to ensure that the name held on our records matches the document. 

Please use this guidance to update your records:

Income Tax: general enquiries

Thank you. 

 

Hi MaDe

You must usually make any changes (‘amendments’) within 12 months of the filing deadline.
You can:
•    use commercial software
•    send a paper return or write to your company’s Corporation Tax office

You may be able to make changes to your Company Tax Return using HM Revenue and Customs (HMRC) online services.

Check if you’re eligible to use the service.

However, if this deadline has passed, and you believe that you have paid too much tax, there are some circumstances where you may be able to make claim for

‘overpayment relief’

Further guidance and information can be found here:

SACM12000 - Overpayment relief: Contents

SACM12150 - Overpayment relief: Form of claims

Please note, claims for ‘overpayment relief’ for Corporation Tax should be sent to:

Corporation Tax Services, HM Revenue and Customs, BX9 1AX

If the tax liability has increased, and you owe tax, you can make a voluntary disclosure.

Further guidance can be found here:

How to make a voluntary disclosure to HMRC

Thank you. 

 

Hi tobyuk88,

Thank you for your question.

If a property is owned by a husband and wife HMRC automatically assume a 50:50 split.

If the split is other than 50:50 then they would have to let HMRC know what the split is.

Thank you. 

 

Hi JennyLai,

Thank you for your question.
As long as the loan has been used wholly and exclusively to be used on the property business, then the same rules would apply as mortgage interest.

When claiming interest from a private loan, in the same manner that mortgage interest is, the loan taken would be restricted to the basic rate of tax.

Guidance can be found here HS340:

HS340 Interest and alternative finance payments eligible for relief on qualifying loans and alternative finance arrangements (2022)

Thank you. 
 

Hi Jacob Moorad,

Employers are required to keep records of expenses or benefits they provide for 3 years, from the end of the tax year they relate to.  

EIM30225 also advises that S289(4a) ITEPA 2003 "requires employers to operate a system for checking that employees were engaged in qualifying travel in relation to the amount paid or reimbursed".

It does not state how your employer may do this, but they may wish to see receipts.  

This is something you should check with your employer.

Employment Income Manual

Thank you. 
 

Hi Jacob,

You will need to amend your 21/22 tax return, either by submitting the amendment online or writing to:

'H M Revenue and Customs BX9 1AS',

You will need to detail the amounts of pension payment entitled to tax relief, along with supporting evidence.

Unfortunately, as this is the first time you are claiming pension relief, we cannot accept an amendment by telphone.

Thank you. 

 

Hi debmo,

The guidance here: 

Check if you need to send a Self Assessment tax return

Advises that as you were in receipt of foreign income, you must complete a Self Assessment Tax return and declare the foreign income, regardless of how much the income was.

Thank you. 

Hi snappy,

Birthday or Christmas gifts you give from your regular income are exempt from Inheritance Tax, so will not affect the £250.00 small gift allowance.  

The guidance here: How Inheritance Tax works: thresholds, rules and allowances

This guidance does not state a maximum amount for a Christmas or Birthday gift, so long as it comes from your regular income, it is exempt from Inheritance Tax.

Thank you. 
 

Hi AnnaSolovina Solovina,

As a resident, non domiciled individual, you can elect to use the remittance basis, instead of the arising basis.  

You lose your personal allowance and pay tax only on your UK income, but still declare the unremitted income on your Self Assessment Tax return.  

Guidance on using the remittance basis can be found  here:

Residence, domicile and the remittance basis: RDR1

Should you ever bring the unremitted income into the UK, then it becomes taxable in the tax year your bring it in to the UK.

Thank you.