HMRC Admin 21 Response
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RE: annual bonus tax implications
Hi loukea0,
As your payment has been received via payroll, assuming your tax code is cumulative and monthly pay, you will have paid tax due on that payment for that month. If your tax is on a cumulative basis, your tax will correct itself as the tax year progresses. This could mean a reduction of tax paid in future payments. If by the end of the tax year your tax has not corrected itself, an end of year reconcilliation will occur to calculate the final tax position.
Thank you. -
RE: Retirement Savings
Hi Harvey57 Jackiboy57,
Please contact the pension schemes services helpline on 0300 123 1079 open 9am to 5pm Monday to Friday who will be able to answer your query.
Thank you. -
RE: Paid BIK for a car I gave up a year ago?
Hi Tom,
Any tax you have overpaid for the current tax year will be refunded by your employer through your wages when they operate the amended tax code, this is applicable as long as a cumulative tax code is in operation. Any tax overpaid for the previous tax year will be reviewed automatically once we have all your pay and tax details. If you have overpaid, you will receive a P800 tax calculation in the post.
Please see:
Tax overpayments and underpayments.
Thank you. -
RE: Full Pension on reaching 66 and 1 month
Hi Dolene,
Please write to:
International Caseworker
Benefits and Credits
HMRC
BX9 1AN
Thank you. -
RE: Government gateway account
Hi C Page,
You can use the Personal Tax Account to check your National Insurance contributions record and see your projected State Pension. You will also be able to view your current years tax code and the annual amount of State Pension coded if this has already started. The personal tax account does not show the monthly/weekly State Pension payments been made in the same way as a works pension.
Thank you. -
RE: Higher Rate Tax Relief for previous financial year
Hi clarify123,
The pension contribution would only give relief in the tax year it was paid and cannot be set against a previous year. for your details the payment is being made in 24/25 and therefore should not be claimed on the 23/24 tax return.
Thank you. -
RE: Negligible value claim
Hi KuenHK,
Please refer to guidance at:
HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2024).
Thank you. -
RE: Property rental income. Can i offset the cost of a replacement roof?
Hi Caryss,
You can check if you need to send a Self Assessment tax return using the tool here: Check if you need to send a Self Assessment tax return.
Thank you. -
RE: Capital Gains Tax scam?
Hi Audun,
Being a minor does not exempt them from Capital Gains Tax so you should still reply to the letter received.
Thank you.
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RE: Self assesment for referral bonuses?
Hi Kenny,
If the income has not been taxed at source under PAYE then yes you will need to declare this in a tax return.
Thank you.