HMRC Admin 25 Response

Hi crowe001,
For a taxable benefit amount to be paid by an employee it would need to be reported on P11d, you would also need to establish if OPRA applies.
Information on this can be found here:
Optional remuneration arrangements (480: Appendix 12)
This will advise which figure to use when calculating the taxable amount.
The benefit of salary sacrificing for a benefit is that the contract is in the companies name meaning it is only subject to class 1A national insurance so the employee will not pay any National Insurance on it.
 

Hi DobbyDCG,
The approach to take is to look at the asset and see what the result of the work is:
has the asset been altered or improved or has it been repaired to do the same job it was doing before.
As the latter would appear to apply here, then the cost incurred would be classed as an allowable expense.
Further information is available here:
BIM35455 - Capital/revenue divide: tangible assets: changes in technology and materials
Thank you. 
 

Hi terrywykwong,
If you meet the criteria, it will be interest.
Thank you. 
 

Hi b-mark,
If your adjusted code was operated by your pension provider as soon as it was issued, there may be other factors causing this £500 calculation.
To allow us to review your record and give you specific advice, please contact us by webchat or post.
 Income Tax: general enquiries
Thank you. 
 

Hi clen,
If you made a contribution to a pension scheme where your pension provider has already given you tax relief at basic rate, take off the ‘grossed-up’ amount,what you paid plus the basic rate of tax.
So, for every £1 of pension contribution you made, take £1.25 from your ‘net income’.
Please guidance here:
Personal Allowances: adjusted net income
Thank you. 
 

Hi P M,
Apologies, but to give you the correct advice, we would need to take a look at your individual record.
You can contact HMRC here:
Income Tax: general enquiries
Thank you. 

Hi kesrpaul,
The capital gains income will not be included for the adjusted net income for Higher Income Child Benefit Charge. HICBC. 
Thank you. 

 

Hi NotTheRealMrT,
Please refer to guidance here:
Claim to set loss from share disposal against income
Thank you. 

Hi BB-54,
This can be done in your online tax return. 
Thank you. 
 

Hi pigwai chau,
You can use any of the rates that fall within the 22/23 tax year - 06/4/22-5/4/23.
HMRC is the approved rate to use.
Thank you.