HMRC Admin 25 Response

Hi Valentino,
The threshold for 2023/24 has been increased to £150,000 for Self Assessment criteria.
If you have registered in error then you can either complete the online criteria check and then send a submission to close if no criteria met.
Check if you need to send a Self Assessment tax return
Or contact HMRC to review:
Self Assessment: general enquiries
Thank you. 

Hi ChristineO Carroll,
The lump sum payment is taxed when paid to you and if you overpaid your tax then a refund would be due in the next pay if in the same tax year.
If you contact HMRC we can check if correct tax has been paid:
Income Tax: general enquiries
Thank you. 

Hi Steven Binns,
 As employed at 2 jobs at the same time your daughter will be on BR tax code with new job.
Once P45 received if she contacts HMRC we can review the code:
Income Tax: general enquiries
Thank you. 

Hi Helen Vasey,
If you are employing staff and have registed for a PAYE scheme, you shoud use the Employer references to send payroll returns and you should register for PAYE online services.
If you wish to discuss further, please call the Employer Helpline on 0300 200 3200.
Thank you. 

Hi Alan Howie,
Before applying to strike off a limited company you should notify HMRC of your plans to close it down.
However, if these companies have already been dissolved at Companies House they no longer exist as legal entities.
HMRC will be notifted by Companies House and the corporation tax records will be closed.
Thank you. 

Hi San CA,
If you choose to use the remittance basis, you are taxed on your UK income and capital gains along with any remitted income and capital gains.
If you dispose of this property and bring the proceeds to the UK, the proceeds will be taxable under capital gains rules and would need to be declared on a Self Assessment tax return.
You would need SA100 (tax return) SA108 (capital gains) SA106 (foreign) and SA109 (residence, domicile and remittance) along with any other supplementary pages.
Please note that by using the remittance basis, you lose your personal allowance and capital gains allowance.
Have a look at section 9 of:
Residence, domicile and the remittance basis: RDR1
For more information.
Thank you. 

Hi NewIslington M,
Your employer will add the redundancy pay minus the tax free amount to your pay and calculate the tax payable.
They will deduct the tax from your redundanct payment.
Your employer shoud include these figures in your P45. so that you can give the P45(1) to a new employer or claim a repayment after the tax year has ended.
Thank you. 

Hi neilmorgan,
Yes. new guidance comes into play on 06/04/24 whereby you can open more than 1 type of ISA and invest in the same tax year.
The limit currently remains at £20,000 in total.
Thank you. 

Hi BOBC,  
Form 17 can only be used by a married couple or civil partners.
Please see this guidance:
TSEM9844 - Property held jointly by married couples or civil partners: Form 17 rule: Who can make a declaration?
The property will have to be taxed on the same proportion that they own the property.
Further information for non-married couple can be found at:
TSEM9200 - Ownership and income tax: legal background: joint ownership - contents
Thank you. 

Hi Aidey G,
The fees are tax deductible as an expense.
Whilst the property was in estate they would be applicable to the SA903.
Any fees occurred after the property was in you name can be claimed on the SA105.
Thank you.