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  • VAT/customs tax refund on returned items

    Hi sophships,
    I would advise contacting the Customs and International trade helpline on 0300 322 9434 if you have any other issues with your query.
    Thank you. 
     
  • RE: HMRC acknowledgement of Form 17 / Declaration of Trust receipt

    Hi Tomasz Ullman,
    Thank you for your question.
    I would like to state that we are currently working postal items in date order to ensure they are dealt with fairly and as effectively as possible.
    I would advise for further information on you personal case to use the attached tool which may outline the date that is currently being worked and when to expext a reply from HMRC:
    Check when you can expect a reply from HMRC
    You may also wish to use your Personal Tax Account if you sent the Form 17 in online.
    Thank you. 
     
  • Mortgage Loan Fees for Rental Property

    Hi L Smith,
    Thank you for your question.
    In respect of the fees incurred for the mortgage renewal any fees for loan finance and similar items would be classed as incidental costs and are generally deductible in computing rental business profits.
    Please refer to the following guidance:
    Property Income Manual
    Thank you. 
     
  • RE: Foreign property income

    Hi twdev,
    Thank you for your question as you are UK tax resident you need to declare your worldwide income to the UK.
    You may be able to able to claim back the credit for any tax paid in France  
    Relief for foreign tax paid (Self Assessment helpsheet HS263)
    Thank you. 
  • Unable to submit MTD VAT return through accounting software

    Hi Jolly Group,
    Please call our Helpline on 03002003701 so that we can identify and resolve the issue for you.
    Thank you. 
     
  • vState Pension Query.

    Hi Brizo123,
    Unfortunately we are unable to answer your query without looking at your personal records.
    You will need to contact the Department for Work and Pensions to check your state pension forecast.
    You can contact them on 0800 731 0175, lines are open from 8am to 6pm Monday to Friday.
    If you have queries about a contracted out pension, you would need to contact the Contracted Out Pensions Helpline on 0300 200 3500, lines are open from 8am to 6pm Monday to Friday.
    Thank you. 
  • RE: Other Income

    Hi Mike J,

    Please see the relevant legislation which covers Share Incentive Plans. 
    Share Incentive Plan legislation
    Reg 4(1)(l) of the D&CI Regs requires that we should also include as income the following...
                            (l)     any amount charged to income tax for that year under Part 7 of ITEPA.
    Part 7 of ITEPA includes Chapter 6 – Share Incentive Plans which sets out all the tax provisions relating SIPs, including circumstances where the participant leaves the plan early, and where payment is made to the participant on completion of the SIP period.  
    Where the participant leaves the plan early, the amount they receive will be subject to income tax unless they satisfy specific conditions set out in s498 of ITEPA (e.g. scheme no longer operating following company takeover, redundancy etc).  
    When a SIP plan matures as per the agreed fixed period, s490 Part 7 Ch6 ITEPA explains that a person is not liable to income tax on the value of the beneficial interest in the shares at the time of award or acquisition.
    Therefore, if the sums are not chargeable to tax under Part 7 of ITEPA, then we would not include the sums as employment income under Reg 4(1) (l).
    In this instance if the customer has not left the plan early then we wouldn’t include the income for tax credits.
    This is because at the point of maturity this sum is not subject to income tax by virtue of s490 of ITEPA.
    Thank you. 
     
  • RE: Missing NI credits for child benefit

    Hi juliemci McIntyre,
    You would only receive full years of credits while claiming Child Benefit.
    As your child was born in September 1983 you wouldn’t have received any credits for the 1983/1984 tax year, however you would receive them from 1984 onwards.
    Thank you 
  • RE: Underpayment - Confused and need help!

    Hi Doug Blake,
    We would need to see your record to fully explain the underpayment and what the extra amounts taken in your tax code mean for the overall position
    If we are collecting the underpayment from the earlier year in your tax code, we can't remove this until you make the payment in full for the underpayment.
    Once this has been done we would remove it from the tax code and issued a new code.
    This new code would cause any amount you have paid since April towards the underpayment to be refunded when the code is applied.
    We can't take into account the amount paid through your code as the tax you have paid during the year is not confirmed until the end of the year and we do a tax calculation. If there is a figure in your tax code for this 'P11D' figure this will need to be removed and you will need to contact the helpline again to ensure that is removed.
    That may be causing you to pay more tax than you should:
    Income Tax: general enquiries
    Thank you. 
     
  • RE:UTR Wrong Name / Wrong name on refund cheque

    Hi RichieB,
    If you click 'Ask HMRC Online' and state that you wish to speak to an adviser, you will be put into the queue for webchat and we can look into getting this corrected and requesting a replacement.
    Self Assessment: general enquiries
    Thank you.