HMRC Admin 25 Response

Hi PJones-GB,
HMRC will automatically review the 2023/24 tax year once all the PAYE income details are received. This includes taxable benefits from employers due in 6 July and untaxed intererst from banks & building societies. Once reviewed if overpaid a calculation will be issued to you. If you want to check the details have been received you can contact HMRC here:
Income Tax: general enquiries
Thank you. 

Hi mangoburger,
HMRC will automatically review the 2023/24 tax year once all the PAYE income details are received.
This includes taxable benefits from employers due in 6 July and untaxed intererst from banks & building societies.
It can take up to November to receive all the details but once reviewed if overpaid a calculation will be issued to you.
If you want to check if all the details have been received you can contact HMRC:
Income Tax: general enquiries
Thank you. 

Hi Eva,
Please refer to:
Individual Savings Accounts (ISAs)
Thank you. 

 

Hi ChiSum Yip,
If you have paid too much into your ISA's, you are not required to do anything to correct the situation.
HMRC will write to you after the end of the tax year in question.
Thank you. 

 

Hi Nicholas Cooperc,
If you do not meet the criteria for Self Assessment 2023/24 you can check online and send a submission to cancel the 2023/24 tax return which will cancel the payments on account and allow you to claim the repayment.
Check if you need to send a Self Assessment tax return
Please look here to understand your Self Assessment account:
Understand your Self Assessment tax bill
You can also contact HMRC to review:
Self Assessment: general enquiries
Thank you. 

Hi Chun Ho Chan,
You can still bring losses forward when using cash basis.
Please find more help here:
HS227 Losses (2023)
Thank you. 

Hi Redgiant Buckland,
When you pay £6000 into your pension, your pension provider claims tax relief of 20% from HMRC (£6000/80*100) = £1500.
Overall £7500 is paid into your pension scheme.
When you claim higher rate tax relief from HMRC, the basic rate band is increased by £7500, so that you pay £7500 more at 20% and £7500 less at 40%.
This reduces your tax liability by £1500 (£7500 @ 20% = £1500.00).
Thank you. 

 

Hi Nellie,
If you requested to be removed from Self Assessment for a tax year over 4 years old then this would be out of date to remove.
If you contact HMRC we can  review your record to close:
Self Assessment: general enquiries
Thank you. 
 

Hi Pavanvir Dhaliwal,
Please have a look at the guidance here:
PIM2030 - Deductions: repairs: is it capital?
To help you make a decision.
We are not able to say yes or no in this case.
You need to make that decision yourself, or seek the advice of a professional, such as an accountant.
Thank you. 

 

Hi Paul Hipperson,
We cannot comment on scenarios, we can only provide general information / guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our Self Assesment helpline or seek professional advice.
Self Assessment: general enquiries
Thank you.