HMRC Admin 25 Response
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RE: Extra tax for self-assessment
Hi L,
Your tax code is your standard amount of tax free allowances for the year, plus or minus any expenses, benefits or deductions you are actively claiming through the tax year.
When you file your tax return at the end of the tax year, the standard amount of tax free allowances is again applied, while you confirm yourself any expenses, benefits or deductions you want to apply to your calculation.
If the expenses, benefits or deductions in your code match the amounts you apply to your calculation, then the same tax code will effectively be used in your return.
Thank you,
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RE:Regular contributions to SIPP
Hi crayby99,
Completing a Self Assessment tax return would make any repayment due available immediately.
If you have no other reason to file a return, though, you may find it simpler to write to us to claim the relief due.
Please confirm the amounts paid (with documentary evidence if those amounts are over £10,000).
While we can't give a timescale for when your claim would be processed, we do aim to process any post received as soon as possible.
Thank you. -
RE: Extra tax for self-assessment
Hi L,
We are sorry to hear you've experienced issues finding an answer to your query.
There are a number of possible explanations as to why the overall tax due is more than the tax collected in-year by your employer.
For example, it could be that the expenses you've entered in your tax return are different to those that were present in your tax code through the year, or it could be that your employer operated the wrong code.
To give you the correct answer, we would need to check your record and return.
Please contact us be webchat or phone here:
Self Assessment: general enquiries
To allow us to do this.
Thank you. -
RE:Estimated Income 2024
Hi paulagh27,
Your tax code will usually calcualte the correct amount of tax to take from your wage, whenever you get paid.
This includes if your wage increases or decreases at any point.
To give you more specific advice about when and how to calculate your estimated income, though, we may need some more information from you. Please contact us by webchat or post here:
Income Tax: general enquiries
Thank you. -
RE:P85- Leaving the UK, to self-employment in EU
Hi Alex E,
To give you the correct advice, we may require more information about your employments and country of residence
Please contact us by webchat or phone here:
Income Tax: general enquiries
Thank you. -
RE: Taxation of untaxed prior year capital gains when remitted if now on arisings basis
Hi Mount Austin,
No,the same rates will apply.
Thank you. -
RE:Transfer of Swiss Pension
Hi NRichardson ,
You would make reference to the pension in the additional comments section of the return.
As no UK tax relief has been applied on the Swiss pension, this wont trigger the MPAA.
Thank you. -
RE:Non-UK tax resident: saving interest from UK bank
Hi ukkim,
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you. -
RE:Told to restart self assessment
Hi Daveyworld,
It may be that your State Pension income exceeds the tax-free Personal Allowance.
Which would mean that we may only be able to collect any tax owed on that income via Self Assessment.
We would need more information to correctly advise you on this, though.
Please contact us by webchat or phone here:
Self Assessment: general enquiries
Thank you. -
RE: RE:Reporting CGT on Overseas Property sale
Hi pijin4,T
The capital gains allowance applies for the 23/24 tax year so as the property was sold in November 2023, you will still be entitled to the £6000 allowance when you submit the 23/24 tax return.
It doesn't matter that you are telling us the information in the 24/25 year - it is income for 23/24.
Thank you.