HMRC Admin 10 Response
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RE Interest Tax
Hi
If the interest is paid in Aug 24, then this is 24/25 tax year. -
RE BIK on van
Hi
Commuting would be classed as insignificant use. -
RE: Business mileage from home to various sites
Hi
Please refer to guidance here When travel qualifies for tax relief (490: Chapter 2) -
RE: Cash gift from parents outside UK
Hi
Inheritance Tax is only due when a person's estate is worth over £325,000 when they die, or if the person who died gave away more than £325,000 in gifts in the 7 years before they died. In this scenario the person in receipt of the gift within those 7 years will be liable to pay inheritance tax.
Gifts made in the last 7 years use up the £325,000 tax free allowance first, but if the gifts received are less than the £325,000 inheritance tax free allowance, any unused threshold can then be used by the person who has died's estate.
You can find out more information here: Work out Inheritance Tax due on gifts
If the person(s) who have bestowed a gift continues to use that asset it in the 7 years before they die it is seen as a 'gift with reservation of benefit'. For further details on this please see the guidance in the link: Work out Inheritance Tax due on gifts
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RE Am I entitled to a tax refund?
Hi
Please refer here Tax overpayments and underpayments -
RE Reduce Payment On Account for 2023/2024
Hi
Please refer to the link for details about your payment Understand your Self Assessment tax bill There is also information here if you need help with payments If you cannot pay your tax bill on time -
RE: Should I remain registered as self-employed when I become employed?
Hi
Look here at registering as self employed Register as a sole trader -
RE two jobs, combined is less than the personal allowance, but one is on BR
Hi
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our helpline:
Income Tax: general enquiries
On this page you will also see a link to personal tax account: sign in or set up which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
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RE: Bond Investment - Foreign Corporate Bond, Government Bonds
Hi
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.